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Ripple (XRP) is perhaps one of the most controversial market currencies, which is largely due to the numerous allegations that Ripple Labs, the company behind the XRP currency, is centralized.
Price XRP (XRP) today – XRP / USD
However, with all these accusations denied by the company's representatives, in addition to causing the lawsuits on this subject to be rejected in favor of Ripple Labs and XRP, XRP can turn to a different goal: to progress in the market.
We had the opportunity to see XRP in an extraordinary bull run in the period when the representatives announced xRapid to be released as a regular financial instrument for banks and financial institutions, where the currency "easily" doubled its price over several weeks.
But XRP is again involved in a dive. XRP is in no way an isolated case in this scenario because most cryptocurrencies, including the top ten of digital resources, are unstoppable.
This case requires an action, but also poses a question: will the XRP resurrect?
Is Ripple able to recover by the end of 2018 and the first few weeks of 2019?
Will XRP rise again? Can Ripple (XRP) Reaching the price of $ 1 in the following months?
Although Ripple (XRP) managed to rebound from the initial value of the new historical low of $ 0.27 recorded in the second week of September at a price of $ 0.56 in less than a week.
In this way, XRP doubled its market value in about 6 days, which was marked as extraordinary progress, originally led by the announcement on the xRapid release.
This product, xRapid, is the only product designed by Ripple Labs that actually needs XRP to work, so it's no wonder the hype has been achieved, bringing XRP to new levels.
Within this upward rush, and despite all the declines that occurred later, XRP is scoring over 127% of earnings over the last year, as the 39; XRP is showing a positive return over the last two months, rising by almost 38% against the dollar.
The obvious positive return in the value of XRP is that it could push the currency upwards and pick up XRP again in the following months.
In the event that the XRP meets with greater adoption, even if it seems that the progress of this crypt is slowing down at the moment, XRP could even reach a symbolic price of $ 1, in accordance with the price dynamics detected at the end of 2017.
What factors could push XRP to rise again?
In the event that the market also reflects a partial success of last year's bull run when there was a massive rebound that led to the crypto market to reach historic highs, XRP could easily reap the value of a dollar for an XRP.
In December 2017, during the second week, the XRP was valued at $ 0.23, however, in the course of only three weeks at the start of 2018, XRP was scoring its record price of over $ 2. .
Now that XRP is trading at around $ 0.45, down by just 0.19% in the last 24 hours, the adoption of xRapid and the potential for increased adoption of XRP could push XRP towards the expected increase by the end of 2018 and the beginning of 2019.
