XRP in 3-Year High Levels
During the last days, XRP reached new high levels, surpassing $1, establishing profits above 55 % in a few days. XRP’s price was plummeted in the start of the year, due to founders’ legal issues with Security Exchange Committee.
The turning point that reversed the momentum for XRP was Ripple Labs’ announcement that it will adapt a new growth strategy, which will focus on financial inclusivity, providing banking services to people with access in the financial system.
In parallel, Ripple Labs acquired 40 % of Tranglo, a company specialized at cross-border payments.
We will wait to see if this trend will become the start of the new period or it will be a flash that will last for little time.