Why XRP rallied by 91% in the Last Month

[CryptoKri]

XRP is performing really well, and it rallied 91% in a month. Its performance is obviously due to a driving force behind it. It is currently competing with big sharks such as BTC (Bitcoin) and ETH (Ether). The XRP price rally was attributed to the increase in new unique addresses, the buybacks that are happening in Ripple, and Ripple’s possibilities of developing a new product.

The rise in unique XRP addresses
You can judge the performance of a cryptocurrency by checking on its addresses at it reflects its activity in the blockchain.

Ripple buybacks could increase its value
At the start of Q3 in 2020, ripple had aggressive buybacks where it bought ripple worth$45.5 million. This is something the company has never done before. The company did that as a strategy of supporting a healthy market.

Ripple’s move to introduce a new product
It turns out that there is a cookie in the oven as Ripple plans to introduce a new product, Paystring. Its trademark application was made at the beginning of November at the United States Patent and Trademark Office (USPTO).

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[robert20]

XRP is always my favourite coin because of its such a strong team and its revolutionary ideas. It is one of the most reliable coin for long term other than btc. I always recommend people to buy xrp for long term profits. Go on Ripple(XRP)

[aiviaa485]

After I read this thread, I was only interested in a new product from Ripple, namely: Paystring.
No one knows about Paystring and until now there is no latest information from RIpple.

I would like to see the progress of Paystring because usually this product from Ripple doesn't fail.

[Komorhan]

The strong fall of XRP did not happen and it pleases, but taking the shorts in front of the picture of the wallet, you could make good money, around this token a lot of ideas from banks and so 50 cents is the real price of XRP today!

[Hafiz Ahoenk]

No doubt it is because
1. Btc rallied
2. Spark airdrop ( who dont want free money ? )

[jonathancool220]

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It's true that Ripple launched a very useful Airdrop, namely Spark.
Then this is something worth trading because Ripple will benefit us.

In addition, Bitcoin is also increasing so fast and this is the best moment for us to get a gift from Ripple.

[Emircan]

XRP is always my favourite coin because of its such a strong team and its revolutionary ideas. It is one of the most reliable coin for long term other than btc. I always recommend people to buy xrp for long term profits. Go on Ripple(XRP)

Yes, if I choose to invest in a long time, I will choose XRP because it has high stability and a very good team. I believe XRP will thrive in the future.

[gqinyot]

XRP is always my favourite coin because of its such a strong team and its revolutionary ideas. It is one of the most reliable coin for long term other than btc. I always recommend people to buy xrp for long term profits. Go on Ripple(XRP)

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There are many reasons for you to invest heavily in XRP but for me XRP is stable and promises to grow in the future and I believe that when Ethereum cannot overcome their high GAS fees, XRP will surely quickly attracted investors because it is more stable in the long term than other ALTcoin in the future

[Zulema]

Thanks for the information you gave it was very useful to me and it helped me believe to invest more strongly in XRP in the future.