Ripple Prediction Today: Why Ripple XRP Will Beat The Other Virtual Currencies This Week? (XRP News)

ripple xrp price

Recent reports making waves in the cryptocurrency scene show that Ripple’s XRP token took an upward turn. It has shifted from the worst performing virtual currency of the top-5 crypto’s to the best performer within one week. According to CoinMarketCap as at the time, this report was written, Ripple rose to become the world’s third-largest virtual currency by market value trading at 0.6574 USD which is an increase of 33.66 percent week-on-week.

Crypto Markets Regained Strength

This report comes, of course, as the larger crypto markets further regained poise through the last week. However, while the total market cap of all virtual currencies rose up by 30 percent week-on-week, Ripple’s XRP has outpaced the notable recovery recently achieved. XRP initially had a disastrous start at the turn of this year, dropping by 77.77 percent during the first quarter. As of April 1, the token had already dropped by 87.86 percent which was a number that made it record the worst performance of the top 5 as at that time.

SEE ALSO:   Cardano Price Predictions 2018 Cryptocurrency to obtain more attention this year Cardano Ada Price Today Ada Cardano News-Fri Jun 22

But, XRP had recently looked very oversold, and according to the daily RSI (relative strength index) a rally was inevitable. Additionally, news flow may have played a role here, with CoinDesk reporting as at last week that Santander, the Spain-based banking giant is initiating One Pay FX (a cross-border payment app designed in partnership with Ripple). The report garnered attention from numerous investors and may have ensured that a bid is placed under XRP. It is noteworthy to indicate that the application doesn’t use Ripple’s XRP token.

Looking forward, there is a widespread feeling that Wall Street giants like Rockefeller and Soros are about to launch another bull run in the crypto market. Ripple, with its many bank partnerships and mergers with other financial institutions, may be best positioned to benefit from the predicted resulting inflow of cash into the crypto space.

SEE ALSO:   Ripple vs NEM: Which one should you invest in? (XRP vs XEM) -Fri Jun 22

Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   June 19 Price Analysis For EOS, TRON (TRX), and Litecoin (LTC): The Bear Wave Continues

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!