Ripple (XRP) is perhaps one of the most controversial currencies in the market, which is mostly due to the numerous allegations that Ripple Labs, the company standing behind XRP currency, is centralized.
XRP (XRP) Price Today – XRP / USD
However, with all these allegations negated by the company’s representatives, as well as having the lawsuits on this subject ruled out in favor of Ripple Labs and XRP, XRP can turn to a different focus – progressing in the market.
We have had a chance to see XRP in an extraordinary bull run in the period when the representatives announced xRapid to be released as a regular financial tool for banks and financial institutions, where the currency “easily” doubled its price in the course of several weeks.
But, XRP is caught up in a dip once again. XRP is not in any way an isolated case in this scenario as the majority of cryptocurrencies, including the top ten list of digital assets, is dropping relentlessly.
This case calls for an action, but also poses a question: will XRP rise again?
Is Ripple able to bounce back up by the end of 2018 and the beginning weeks of 2019?
Will XRP Rise Again? Can Ripple (XRP) Reach the $1 Price in the Following Months?
Although Ripple (XRP) managed to bounce back up from the initial value of its new all-time low of 0.27$ as recorded in the second week of September to the price of 0.56$ in less than a week.
That way, XRP had doubled its value in the market in around 6 days, which was marked as an extraordinary progress, originally driven by the announcement on the xRapid release.
This product, xRapid, is the only product designed from Ripple Labs that actually needs XRP in order to work, so it is no wonder that the hype caught on, driving XRP to the new heights.
Within this bull run, and despite all the dips that came on afterward, XRP is marking over 127% of gains in the course of the last year, as XRP is also showing a positive return in the course of the last two months, going up by nearly 38% against the dollar.
The obvious positive return in the value of XRP is what might drive the currency up and make XRP rise again in the following months.
In case XRP would encounter an increased adoption, although it seems that the progress of this crypto is slowing down at the moment, XRP might even reach a symbolic price of $1, in accordance with the price momentum noted at the end of 2017.
Which Factors Could Drive XRP to Rise Again?
In case the market reflects even a partial success of the last year’s bull run when there was a mass rebound that led to the crypto market reaching all-time highs, XRP could easily pick up the value of one dollar per one XRP.
Back in December of 2017, during the second week, XRP was valued at 0.23$, however, in the course of only three weeks by the beginning of 2018, XRP was marking its record price of over 2$.
Now that XRP is traded at around 0.45$, down by barely 0.19% in the last 24 hours, xRapid adoption and the potential of the increased adoption of XRP that comes with it could push XRP towards the expected rise by the end of 2018 and the beginning of 2019.