On the evening of April 22, the ripple rate reached $0.91, but then dropped to $0.86. Such fluctuations are common for cryptocurrencies that are traditionally subject to strong volatility.
In any case, on the scale of the week, XRP remains in gain – on April 15, the cryptocurrency rate was $0.64, which means that for the week XRP rose by 25%. At the time of writing, the ripple rate dynamics is +0.89%.
According to Naem Aslam, chief market analyst at ThinkMarkets in the UK, Ripple will rise in price even more when the rest of the market demonstrates more confident and substantial growth.
The position of XRP has increased after an extreme tax period in the USA (17 April) to disrupt the market for sale.
After Ripple was at the lowest level ($0.17) in August last year, the cryptocurrency managed to demonstrate an amazing growth dynamics. On January 6, XRP peaked at $3.09, taking third place in the ranking of the largest cryptocurrencies by market capitalization, pushing Bitcoin Cash. However, soon after this drawdown began, as a result of which Ripple fell below $1. The recovery process is still ongoing.
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Topic: The rate of the Ripple subsided after a week of intensive growth (Read 106 times)
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