The price of XRP reached its highest point in three years earlier this week when it passed $0.75 on Monday, April 5th. The climb continued today, and the price of XRP is nearly $1.00.
The last time that XRP had reached levels above $0.75 was in May of 2021 when XRP’s price climbed all the way to $0.90. However, after reaching the $0.90 price point, the price of XRP began a long bear cycle that lasted several years. At its lowest point, the price of XRP bottomed out at roughly $0.14, which is over 26 times lower than its all-time high of $3.80.
Now, XRP appears to be on track to gain further upward ground. The asset has been steadily climbing since Monday. However, XRP was hit with a correction this morning to $0.93.
What was driving the XRP rally? And is it already over?
Ripple’s Tranglo Acquisition “Provides a Tremendous Amount of Additional Infrastructure for the XRP Blockchain to Grow.”
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