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Since XRP has expelled Ethereum (ETH) to take the place of the second cryptography, Ripple's currency has started to collect significant gains.
Only three days after becoming the second largest currency, while the rest of the market appears to be in trouble and barely picking up earnings, XRP is climbing more than 7% in the course of a single day.
With the most recent rebound on a daily basis, XRP managed to exceed $ 0.50, so we now wonder if XRP is able to touch $ 1 before the year comes to an end.
The XRP is still bullish despite the general market trends
November 15thth while the mass market blow knocked down all the cryptos with the bearish movement, XRP seized the opportunity and became the second best crypto despite suffering losses.
So while Ethereum is still struggling to get over $ 180 for several days, XRP has already added over $ 2 billion to its market capitalization over the same time period.
That said, XRP is really showing a rate of progressive growth that could take it to new levels in the coming weeks while the year is coming to an end.
All the major currencies, in particular the list of the 20 best encrypted trading, are showing a negative return on weekly charts with Bitcoin that even exceeds -12% over the last seven days.
Price XRP (XRP) today – XRP / USD
However, with today's gains of over 7%, XRP has easily become the only top crypto to show real gains on its weekly chart, although it is still a slight positive move in the last seven days.
As for the daily earnings, XRP is definitely the winner, while the Ripple currency rises by 7%, the rest of the cryptos is gaining from 1% to a maximum of 3.5% of the gains compared to at the fiat.
Can XRP get $ 1 by the end of 2018?
At this point, since Ripple is trading at $ 0.50, it would take 100% growth over the next 6 weeks to bring the Ripple currency to the price of one dollar for a unit by the end of 2018.
The XRP is already showing significant gains in all charts, including the YTD chart in which the crypto is seen at 123%.
At the current rate of growth that XRP shows despite negative trends, it seems that the value of $ 1 per unit is more than realistic.
This is how XRP would need to have at least 16% of the earnings on a weekly basis each of the 6 weeks remaining by the end of 2018 in order to reach the $ 1 milestone.
In the event that the XRP continues at the current rate, 16% of earnings per week would be a rather realistic goal.
However, the market is in fact still unpredictable and it is not yet clear why November is acting in an approximate way on the encrypted market in general, so the surprises, negative or positive, are not excluded.
