News : Rumour And Speculation drive Ripple’s (XRP) Recent Surge/spike In Price

Hi Steemians,

The price of XRP has seen a two days bullish trend while most cryptocurrencies are still taking a bearish move. The recent surge in the price of Ripple in the past 48 hours is regarded as the effect of rumour and speculation by experts. Nevertheless, these experts expect the cryptocurrency to retrace its value real soon.

ipple’s growth in recent time is undeniable; it has spread into Asia and the middle east market purposely to hold a large chunk of the world’s remittance payment system from SWIFT. This has seen it make a significant partnership with over 120 banks in the world, to aid real-time cross-border transactions efficiently.

The revelation of the Ripplenet recently that it operates in over 40 countries across six continents is highly significant to its wide success.

Further, the recent news of the plan of Ripple introducing the xRapid, a real-time cross-border payment that will make Ripple (XRP) cryptocurrency a bridge in the cross-border transactions process has further created much excitement about the cryptocurrency. This, however, is to be launched soon.

Notably, the news of a partnership with banks and widespread growth in continents has aided the recent price surge of the cryptocurrency, which some people regard as just hyping.

As per me xrp's price will down soon!! Be Careful!!

Ref : https://zycrypto.com/rumour-and-speculation-drive-ripples-xrp-recent-surge-in-price/

Cheers