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I think the reason is because Ripple just launched their cross-border transfer service xRapid in two days. They also made known successful XRP pilot programs with many banks across the globe.

However, this shouldn't take much of our attention because Ripple is still a centralized platform and a centralized platform cannot be fully trusted.

Banks and other financial institutions could equally use Bitcoin, Etheruem, Litcoin, Dogecoin over Ripple now.

It's an enticing fluke, but most Ripple holders only know Bitcoin and Ripple and don't know more about decentralization which is the core feature of cryptocurrency, so this is "great news" for them.

Experience whales know this and so they also buy Ripple which it will not take them much time to dump it again.

Am eager to read you guys opinion about this.

Because one of the most promising crypto currency is Ripple. It still holds the second place for all financial indicators. After the most popular crypto currency in the world - bitcoin. The volume of Ripple's capitalization is two billion US dollars. This proves that Ripple's crypto currency is trusted today by users of the network, consider it promising and reliable.

The price rallied from 0.25 usd to  0.50 usd in matter of just four days! That is a 100% increase in a period of four days.

In my personal opinion I guess the whales started investing in ripple also the demand would be high, this might be the reason for Increase. Hope it is recovering very fastly.

Ripple platform established partnership with many banks. They made important innovations and thus increased their prices. I'm gonna follow Ripple carefully.

Must be whales. I think someone might have inside info. Sure feels like it.

Perhaps this growth is due to the good mood of investors who could influence the news about the partnership with the American PNC bank and the forthcoming full-scale launch of the xRapid product.Similarly, the blocking consortium R3 withdrew lawsuits against the California company

Perhaps the banks are more concerned about the ripple in the money transfer sector more quickly, many investors see the ripple in the future there is much development of their projects.

You should check the blockchain every once in awhile.
You will see a pretty evil pattern with xrp.

Every so often (like every couple of months), ripple will start a media campaign and bombard news channels with development news.
Coincidentally, a large number of xrp then starts getting dumped on to the market.
Normally, a dump would crash a price, but in the case of crypto, since most "investors" are clueless idiots, they gobble it up.

Guess where the vast majority of these dumped coins are coming from?
They are coming from the wallets of Ripple themselves!
That's right, ripple still owns the majority of xrp and routinely pump up the price to make money.
Still want to be a part of that company?

Hmm, where have I seen this before.. I've seen so many projects being pumped 100+ % in a matter of days only to be dumped again. So I'm a bit sceptic with this. It wouldn't surprise me if Ripple goes down just as fast as it has gone up. The whole point of crypto is to decentralize, and Ripple does exactly the opposed. As much as the projects sounds prmising and banks backing it, I don't think Ripple will change the world of banking forever. I will be betting on other projects to do that.

Or maybe it is just a pump and dump? This happens a lot in cryptocurrencies due to the fact that there is no regulation so price manipulation is rampant. It could just be that the price of the coin is being pumped right now which is why it has grown so much and then in a little while the price is going to dump again, it happens all of the time

You think...Someone has definitely had inside information. Probably some new update or feature is going to be released and whales (who knew it) started purchasing. But unfortunately, these whales could sell out Ripple at any moment.

RIPple is centralize cryptocurrency so its unfair to be compared or lined to bitcoin in which decentralized ever since.

Ripple is a banks cryptocoin thats why theres nothing new if they are totally investing and supporting this,but for sure when they dump the coins and get they profit,all of the riders will cry with blood lol

If I'm not mistaken, it's the xRapid rumor that is driving up the price for the first wave. The second wave is probably people FOMOing, and buying in hopes that it'll go up further. Not exactly a huge fan of XRP coin, but we'll see how it plays out

your opinion is most probably correct apart from one thing. the problem is the rise is not because they added something, the rise is because of the hype that "thing" created. in this case the xRipple transfer thing. if you think about it, this is completely pointless and it doesn't even work with XRP if i understood it correctly.
at the end of the day people FOMO bought something based on speculation and also based on seeing the pump starting up so they joined in. the timing was perfect too. there aren't any big coins that were pumping so XRP showed up like a big green mark among tens of red colors.

If i could demerit you I surely would.

obviously market cap figures mean very little when a currency is so centralised

I think this is a good sign because the whales are starting to come back and there will be lots of altcoin being pump like XRP. Right now I am very happy about the XRP investment because I have made a profit of x3 today and will continue to invest if there is a lot of good news about this altcoin.

I think it is normal when there are media hype regarding the development of such a project, it totally helps to pump out, like Ripple with their X rapid, but the question is how long can Ripple hold the drastic pump.

Am happy to read you guys submission on the subject matter, time will tell if Ripple will continue to retain its dominance.

Ripple is coming with Ripple's xCurrent which helps banks to settle international transactions by using blockchain to confirm transactions in real-time at each stage of a cross-border payment.

there was also news from the streaming industry, it will be possible to make donations using Ripple

A lot of great partnerships and good marketing are the real reason for the growth of the ripple. But as noted above, the ripple is very centralized.

Ripple doesn't need XRP coin so they are using XRP to sell it and they need to pump XRP price to sell it high. So last days we saw pump and dump scheme to sell XRPs. They were buying XRP to pump the price and sell a lot of XRPs  - look for the volumes on highs!

It was temporary, now everything has returned to its place, so I think it was just ordinary pamp no more!

Agree, just overhype pump and dump from the xRapid news.

I think that the main reason for the increased attention to Ripple is the fact that the volume of the capitalization of the crypto currency is growing. As for Ripple, the latest news related to the coin has a positive content.

There were too many openly short contracts for XRP. On the wave of positive news short position were knocked out of the market. Many closed on the stop-loss and got such a sharp pump. I think soon we will see a decline in the price of XRP.

This is the key phrase of all your post. Also I think that whales can not only dump, of course they pump also. So this 40% in a day can not be just an organic growth. And all of us know what we should expect after this pump ;)

As far as I know, the SEC intends to accept the ripple as a common payment currency, but this is not certain, so the recent rises in prices have been quite high.

This is a coin w/o any community so it's easier to ump. Some whales posted news and pumped it, this is the reason imo. I missed the pump but w/e

Ripple was quite a surprise, with a partnership with the bank as if the team had many communities. With partnerships in banks, so many customers are likely to join and hold this coin.
The team's steps are indeed good for attracting everyone's attention, surely hoping this value will continue to grow well.

It has long been known to all that now the main thing that contributes to the growth of cryptocurrencies is an information. I do not know how you can not understand this because such things are basic. Of course, the latest growth was also influenced by huge information reasons

I have always stated in this forum that XRP is a very shady currency. Unlike the coins such as Bitcoin, Ethereum and Litecoin, we don't have any idea about the biggest holders of that currency. And worse still, the total circulating amount is also disputed.

I like the fact that ripple has grown. Now I believe that the market is really not dead and will continue to develop further with the greatest zeal and growth. Now it worked as a kind of push. I think that we can expect the same effect with other cryptocurrencies

This is a more accurate reason. The news about cooperation with the bank will greatly encourage the whales to invest money. Now, the whales may not be dumped in a short time.
And according to this trend, the ripple is very likely to continue to rise.

I guess the info about exchange release got leaked somehow and ppl started buying to resell during the exchange release pump... XRP price increased significantly!

Ripple is not itself a decentralized system.

However, this is what allows Ripple to find loyalty on the part of the banking sector and governments.

I think Ripple has a great future and can grow hundreds of times in price

Pure pump and hype. pump started price rally and hype keep it long enough
I know some good project with good news lately (and actually better than ripple news) but price still not go up