Ripple’s success story is a legendary tale in the world of cryptocurrencies now. The currency which boomed by 36,000% last year had become the biggest name in cryptocurrencies for a few weeks owing to its success. However, as sweet as Ripple’s rise was, the sting of the price crash was felt even worse as the currency fell by 3/4th of its price. However, the crash is now in the past as the currency looks forward to recovery.
As the cryptocurrency markets go through a bullish momentum and prices are recovering, Ripple is one of the biggest benefactors of this recovery as the currency has been rising by 10-15% every day. Even today, Ripple has risen by over 9% over the past 24 hours. Ripple’s price started off the day at $0.61 and closed the day at $0.67 - a significant movement for an otherwise slow and stable Ripple.
Ripple’s market cap too - gained a lot over the past 24 hours as well as the past week. The market cap shot up from $24.1 to $26.4 Billion over the past 24 hours. The week-long performance is even stronger and more impressive as Ripple’s market cap jumped from $19.4 to $26.4 Billion - gaining $7 Billion over the week. Ripple’s price went from $0.49 to $0.67 in this period.
Ripple’s price is expected to continue to surge, but at a slower pace over the next couple of weeks - eventually helping the currency cross the $1 target - which is the next major landmark for Ripple’s investors. The currency has begun a slow march to a long recovery process but it looks like long-term investors may get a new all-time high over the course of 2018.
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