Ripple and the digital asset XRP had a great year so far with a lot of achievements, most of them leading the coin to the right path towards the mainstream adoption.
XRP was integrated into WooCommerce, Gmail, Microsoft Outlook, and more. Even a Skype integration could be in the cards.
Regarding the price of XRP, the last few months have not been that easy for the coin, as it has been lingering at about $0.30 for quite a while.
XRP was able to surpass the $0.40 level
Just a few days ago, the currency exploded and managed to hit the $0.40 level, triggering tons of excitement among the XRP army of fans.
It’s also important to note that in just 24 hours, XRP managed to surge by 20%, and this number is higher compared to any top 100 coins in the crypto market.
Investinblockchain publication notes some of the resistance levels that XRP/USD needs to overcome before being able to reach the target area at the $0.50 area. You can check out their prediction in the original article.
Smartereum notes that even if investors have definitely enjoyed the XRP bull run, they could not help but ask what was the real reason for which the price of XRP suddenly hit the $0.40 level.
At the moment, XRP is trading in the red on CoinMarketCap, and it’s priced at $0.380292.
A potential reason for XRP sudden surge
Smartereum writes that according to an XRP price analysis on NewsBtc, the rise in price was as a result of an “influx of positive news about XRP and Ripple.”
The truth is that there’s been more positive news about XRP this year, and the most recent was that XRP is now available on Coinbase Pro for New York users.
The online publication wrote that after this announcement, investors believed that this was clear evidence that XRP will be attracting a lot of institutional investors from Wall Street soon. So the sudden cumulative buying pressure has led to the surge in the price of the coin.
Regarding the best timing to take your profits, Smartereum writes the following:
“While it’s not clear if it will fall as low as $0.30 yet, it’s better to wait until you see signs of a price correction before you take your profits.”
