Ripple continues this week his climb to $ 3

This has been a rather interesting week for Ripple fans (XRP). Although many thought the $ 2 threshold would only be exceeded temporarily before a correction, none of this has happened so far.

It actually seems that the price of XRP continues to grow with the $ 3 as a goal.

The rise of the XRP continues
In fact, very few people expected the XRP to exceed the $ 1 value. When the Ripple reached a value of $ 0.25, many people felt that it was already overvalued! Given the players interested in the Ripple, this cryptocurrency still has a huge potential. After all, the banking industry treats trillions of dollars every day and if they can reduce their transaction costs, they will gladly do so.

Whether or not the XRP is the answer to the bank's problems, it remains to be seen. Like all crypto-currencies, the Ripple is highly speculative at the moment. It is traded for other cryptocurrencies, which means that it is subject to much larger price fluctuations than traditional financial assets.

The XRP, however, has so far managed to stay above a $ 2 rating while many investors were not expecting such sustainable growth. In fact, it seems that the dynamics of the XRP could translate into a new trading record much faster than expected. If the current trend continues, there is no reason to think that we will not see the price of the XRP exceed $ 3 by the end of the week.

With a trading volume of $ 4.5bn in 24 hours, it would not be surprising to see major price changes in the XRP in the coming days. There is currently a real demand for XRP, without knowing whether demand will continue to outweigh sales pressure.

Bithumb remains the main XRP trading platform at the moment. His lead over Binance and Bitfinex is quite spectacular, although we see a fierce competition between the platforms between 2nd and 5th places.

From a neutral point of view, the XRP has not yet said its last word. If its price was over $ 3, things will become very interesting, to say the least. Especially that it would mean that the Ripple would continue to take a more important place in the cryptocurrency market, at the expense of Bitcoin. Exceeding the world's largest cryptocurrency will be a real challenge that the Ripple seems ready to take up.