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The price of Ripple has registered more hits in the last six months. Most people agree. At the end of June, the XRP price was around $ 0.54. In two months, it dropped to $ 0.29.
But now it's over; we are in the middle of a Ripple demonstration. Or, so it seems.
After the bullish news for XRP emerged this week, the price has skyrocketed, with altcoin currently rising by more than 10%. And what were those news? Well, let's say that it involves the launch of xRapid.
Possible xRapid Launch sends XRP Price Higher
On September 17, CNBC reported that Ripple could launch a commercial version of xRapid, which is the company's payment platform. [19659007] Great news as they are, but they are even more so considering that the launch could take place in October. This is a month away. According to a Ripple executive (Sagar Sarbhai), the team is "confident that in the next month or so" the market "will see some good news get to where we will launch the live product in production."
With this in mind, should we be surprised to see the price of Ripple exchange at two digits? No; not exactly. Since the potential announcement of the launch of xRapid, social media have exploded stories related to XRP.
The key words of the XRP and Ripple social media are on trend – probably the Ripple gathering this week.
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XRP Price: September 20, 2018
At the time of printing, XRP is trading at $ 0.37. Of course, this is not as high as where the backcoast was in June, but that's okay; it's better than the price of $ 0.29.
Negotiating at $ 0.37 means that XRP has increased by 15.31% in the last twenty-four hours
Source: CoinMarketCap
The Takeaway
You are on board with a launch of xRapid in October? Do you think that both the catalyst and the XRP needed to keep it on the market in the green zone? Let us know in the comments below, and do not forget to check out next week for more XRP news and Ripple price updates!
Featured image: Depositphotos / © volodymyrshtun
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