The post Attention to the value of the crypto XRP (Ripple) appeared on BitcoinEthereumNews.com.

In the last few weeks, the value of XRP, the cryptocurrency launched by Ripple many years ago, has recorded stellar gains.  The rise in the price of XRP, however, has been very broad and fast, and this suggests that a mini-bubble is inflated and ready to burst.  The growth of the value of the crypto XRP (Ripple) XRP was launched on the crypto markets back in 2012, when the cryptocurrency was still called Ripple, as well as the company that launched it. The first year in which it recorded record gains was 2017.  At the time, after the second Bitcoin halving and the first US presidential elections won by Trump, its value in a year went from less than a cent of a dollar to over $2, only to close that bullrun on January 4, 2018, even above $3.8.  It was a true and proper gigantic speculative bubble, which inflated very quickly, and then burst within the span of nine months.  For accuracy, in 2017 it first rose to $0.3, and then recorded a second, parabolic rise at the end of the year.  When the bubble burst, the price returned to around $0.3.  Since then, Ripple’s crypto has never again managed to rise above $3.  The “freno” of 2020 During the subsequent bear-market, the price of XRP even fell below $0.2, which is still much higher than the price at the beginning of 2017, but lower compared to the price reached in May of that same year after the first phase of that bullrun. In other words, although the 2017 one was indeed a bull run upwards, in its second phase it generated a real bubble that then in the following years ended up bursting completely.  However, at the end of 2020, after the third Bitcoin halving and Joe Biden’s…

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Filed under: News - @ December 3, 2024 11:26 am