Why Ripple (XRP) Soared 140% This Week to Reclaim Third Spot From Tether?

[HugoSmith]

Any Big Reason Behind the Big Improvement of XRP. Your Opinion?

[Zeehaxan]

I think it happened because of two main reasons:
One is that the bull run was technically due and it is expected to continue for many months now.
Secondly flare network is going to airdrop free tokens to xrp holders, this caused intense demand for xrp causing big pump.

[enhu]

There is no real reason for their bullrun but this could be prepared for their integration to CBDC.  140% looks very odd when there is nothing on the news and no updates. It's still early that is why I also join the pump recently that I bought a few in case XRP is going to breach resistance.

Ripple has still been in touch with some global central banks.

  - https://cointelegraph.com/news/ripple-seeks-director-to-engage-with-central-banks-on-digital-currency

[McWorse]

The dawn of Spark and the news, that the Bank of America is using Ripple technology.
Two reasons to give it a smooth kick in an uprising market.

[Nivia1st]

Any Big Reason Behind the Big Improvement of XRP. Your Opinion?

No big reason. Ripple is just getting pumped just like every other shitcoins. It has been at stuck at $0.24  for over 1 year so it is due for a pump technically speaking.  I took some XRP profits from my spot trade some days ago when it pumped to 40 cents. I took more today after it got to $0.62. For now, people are fomo buying xrp so it will touch at least $1 before going down again.

I agree with you. so be careful if you want to buy ripple. Ripple has been around 0.2 $ for a long time. and when the bull trend comes, it's only natural that the ripple is also affected by this trend. and be careful when the ripple price has touched the resistance point, because there may be a sell wave and the price will fall back.

[Argoo]

Ripple has good functional characteristics and in some countries ranks first among cryptocurrencies as a means of payment.  In addition, the banking system reliably stands behind this coin, which uses the ripple network to carry out its transactions.  In addition, the cryptocurrency market is growing very rapidly right now.  What else is needed for the price growth of a potential cryptocurrency.

[kayvie]

Maybe the reason for this spike is because of their upcoming airdrop. I don't see any other reason since there are so many investors are switching their investment to xrp to at least be eligble to receive the spark token. Many take advantage of this even and no one expected that the price of xrp will increase so suddenly that's why some investors who haven't invested yet have started to invest right away.

[sofiamartyy]

Maybe the reason for this spike is because of their upcoming airdrop. I don't see any other reason since there are so many investors are switching their investment to xrp to at least be eligble to receive the spark token. Many take advantage of this even and no one expected that the price of xrp will increase so suddenly that's why some investors who haven't invested yet have started to invest right away.

upcoming airdrop you said.
can you share that mean source. how we can know upcoming airdrop?which news where?

[McWorse]

Maybe the reason for this spike is because of their upcoming airdrop. I don't see any other reason since there are so many investors are switching their investment to xrp to at least be eligble to receive the spark token. Many take advantage of this even and no one expected that the price of xrp will increase so suddenly that's why some investors who haven't invested yet have started to invest right away.

upcoming airdrop you said.
can you share that mean source. how we can know upcoming airdrop?which news where?

Just take a look on the official site:

https://blog.flare.xyz/further-information-on-the-spark-token-distribution/

[altcoinMaxi]

RippleNet onboarded Bank of America. Also the various DeFi applications of Flare is interesting

https://liquidary.com/flare-network-triggers-2020-xrp-bullmarket-ripplenet/

[BChydro]

Any Big Reason Behind the Big Improvement of XRP. Your Opinion?

The entire cryptocurrency market was rallying for the past one month and that helped the Ripple market as well and they recently announced about Paystring and then the team is doing buybacks and a collaboration of things might have helped in the rally and from an outward perceptive i was not keenly on XRP and when the market started to rise, you cannot neglect it and hence i made a decent profit and booked my profit in this short period.

[Teraboy]

Any Big Reason Behind the Big Improvement of XRP. Your Opinion?

it's very clear there there are some reasons for the pump that happened with ripple.
New member came to the ripple and that's bank of america and then so many people were betting on the future airdrop that will be happening in the next month.
it's just like people in competition to get the free money. That makes people were pumping ripply so hard.

[disconnectme]

Any Big Reason Behind the Big Improvement of XRP. Your Opinion?

You better don't let this dump fall on you, the reason Ripple tokens pump this hard is because of the coming snapshot and we all know how this is going o end, buy the rumour sell the news. People will start dumping 2 days to the snapshot. The only good news about this airdrop is that Binance has decided to support the tokens which i think would help those they dump the tokens.

[sujonali1819]

I will not say ripple made the massive pump in this week due to any big news. Yes, it's right that there is any good news about it. But the main reason is the bitcoin bullish trend. Bitoin is making good movement from the 9k$ area. So it's about more than 100% pump by bitcoin in a few months. So why some altcoins don't take the chance? SO the possible reason could be Bitcoin bullish trend+some good news about it=big pump.