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XRP Hikes Again on the High of Ripple Announcements

XRP Hikes Again on the High of Ripple Announcements


In the light of Ripple’s latest announcements and decisions, XRP prices hiked sharply, even as much as up to 11% within a span of ten minutes.

Recently, Ripple confirmed that xRapid was close to its launch. Also, the firm has been working on enabling the usage of XRP for cross-border fund transactions by adding more investors to their network of financial organizations. This spate of positive news surrounding Ripple has been a major factor behind XRP’s increasing prices.

Earlier this month, the coin’s value was doubled, which resulted in a rise from its annual low of $0.25 to nearly $0.80, later averaging around $0.50. XRP then had some trouble rising above the $0.57 mark, which it successfully overcame in its most recent hike.

CoinTopper's analysis of technical charts shows that over the past week, the coin has had major supports at $0.567, $0.561, $0.55 and $0.54. They theorize that “the trend lines at $0.596 – $0.576, are set to intersect with the uptrend from before the hike at $0.54 – $0.572”.

It has been all bullish about Ripple in the market, recently. Also, xRapid's launch has marked a great presence in the Fintech space. 

For more updates, stay tuned to CoinTopper.com

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