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.
For more Ripple price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.
Check out more price updates from CryptoCrimson here:
Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.