Yesterday it was said that the sentiment surrounding Ripple (XRP) is positive and that the coin was sustained by communities. Today, it is clear that the uptrend of XRP is unstoppable now and Ripple (XRP) will reach $1 in just a few days.
The cryptocurrencies market rally
The situation of this generalized cryptocurrencies market uptrend was hypothesized by some cryptocurrencies holders and crypto investors, as well.
According to one of the hypothesis, this great influx of investors is because of the American tax season ending and thanks to the Americans who decided to invest their refunds in cryptocurrencies. Little probable but not impossible.
The second hypothesis says that all these gains are due to the Islamic scholar who stated that Bitcoin (BTC) and cryptocurrencies are acceptable by the Sharia law. A more plausible theory than the first one since the Bitcoin (BTC) spike of about $1,000 on April 12th came right after the declaration made by the Islamic scholar. Possibly, his announcement made religious communities of the Islamic world invest in cryptos.
Ripple (XRP) – Price
By taking a look at the XRP graph, is noticeable that the crypto has set a support level of $0.80 and a resistance level of $0.88, in the weekend. Yesterday, the XRP kept the community’s and investors’ support and these facts reflected in its uptrend today, as Ripple (XRP) passed over the $0.90 level, meaning that is on its way to $0.95 and even further to $1.
At the moments of this article, Ripple (XRP) is trading at $0.92, recording a gain of 5.05% in the last 24 hours. Yesterday, XRP closed at $0.87.
The 3rd crypto coin in the world, with a market cap of more than $36 billion, XRP has also registered a more than $1.2 billion traded volume in the last 24 hours.
We presume Ripple (XRP) will hit the $0.95 level somewhen tomorrow but that would not mean that XRP will jump right to the $1 level. However, after it will stabilize above $0.95, Ripple (XRP) will reach $1 in just a few days.