Ripple Coin Doubles in Value in A Week - Forex News by FX Leaders
The uptrend is only picking up pace in cryptos

Ripple Coin Doubles in Value in A Week

Posted Monday, November 23, 2020 by
Skerdian Meta • 1 min read

RIPPLE coin has been lagging behind the cryptocurrency market as a whole. It reversed after the crash in March, claiming back all the losses form that crash, but it failed to climb higher in October, while other cryptocurrencies were gaining momentum.

Even during the first half of November, buyers were looking quite anemic, but in the last several days the price has been absolutely surging in XRP/USD. By the middle of this month, Ripple was trading around $0.27, now it is trading close to $0.55.

We saw earlier that a new job position has opened up in Ripple, for a director to engage with central banks. Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central bankers, the job posting notes. This suggests that Ripple is looking to increase its operations, which is more positive news, on top of the overall positive sentiment in the cryptocurrency market.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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