The price of Ripple has greatly increased on Tuesday morning; other cryptocurrencies in the crypto market also experienced a significant increase. The big question is, will the price of Ripple get to $1 again? What is the current Ripple trading value?
The Current Value of Some Cryptocurrencies
The crypto market experienced a massive turnout on Tuesday morning, with most of the currencies showing strong gains. The price of Ripple increased by 4.84%, and it traded at $0.92. The cryptocurrency market has gained a lot of strength this week, with the trading value of Bitcoin at 9,316 USD, Ethereum trading at $690 and Bitcoin Cash trading at $1,512. Also, the trading price of Litecoin is at $160. The crypto market seems to have withstood a difficult Q1 that experienced a 50% wipe of the total market cap.
Will The Price Of Ripple Get To 1 USD Again?
The possibility of Ripple getting to a record high of $1 in March wasn’t really realistic. All the currencies in the crypto market had a challenging winter, and most of the currencies lost almost half its value within a space of three months. The depressingly bleak outcome seems to have been reversed as the values of cryptocurrencies soar, and Ripple is fast approaching a value of $1 again.
Ripple has very little work to do in order to get to $1, and this could be achieved pretty soon according to bullish trends. Ripple has stated for a very long that time that $3 is the intended target value. The $3 mark will make it a pocket-friendly option for new investors; it will also make it a conversion option that is much simpler for daily purchases. The intended target value is very much achievable as there are a lot of positive results surrounding Ripple.