Crypto assets (virtual currency) Ripple (XRP) surges greatly! More than 60% increase in one week

Cryptocurrency Ripple (XRP in currency units) has shown a large surge exceeding 60% in one week. over the past week.

Ripple, which was 28 yen a week ago, suddenly surged from November 21 and temporarily reached 50 yen, then settled at 45 yen.

A prominent investor on Twitter has suggested that after Bitcoin hit its all-time high (over 2,200,000 yen), Ripple could rise more than 100-fold, attracting even greater attention to Ripple than ever before.

Ripple’s surge exceeding 60% in one week

Here is the price chart for the most recent week.

It was 28 yen, but from the 21st it surged, and on the 22nd it briefly recorded 50 yen.

It is noted that Ripple’s 60% surge in a single day is rare in recent times.

And the price of 50 yen for Ripple is the highest since June 2019 (about 1 year and 5 months ago).

Is Ripple’s surge temporary?

Ripple showed a dramatic surge, recording over 60% in one day. Recently, Ripple has been moving in the 20-yen range, and personally I have felt since 2017 that 18–20 yen is the bottom level.

This price analysis has long been published in a paid weekly article (¥650 per month).

In 2020, the cryptocurrency market began with the DeFi bubble in July and saw a large surge, but Ripple’s ascent was limited to around 30 yen (other altcoins achieved 5x or more by year-end).

However, this year

With Bitcoin surpassing its 2020 high of 1,500 yen, the bubble crash that began in 2018 appears to have ended, and an upward trend may have begun.

Therefore, while Ripple may experience a temporary pullback, this surge is seen as a hopeful sign for future gains.

Will Ripple’s price become 100 times higher???

Credible Crypto, who has over 70,000 followers, analyzed that Ripple could rise 100x on Twitter.

as he states.

About Ripple’s past prices

The image above shows Ripple’s price at the end of 2017.

Ripple was around 25 yen in early December 2017, but then rose sharply to record 290 yen and 400 yen.

Thus, Ripple itself has a potential to rise in value.

（The late-2017 surge was considered a bubble due to funds inflowing beyond market fundamentals。）

Ripple surge is becoming a topic of discussion.

compared with Ethereum and Bitcoin, its price has struggled to rise.

Because of that, this listing attracts particular attention.

Future movement of Ripple

For Ripple holders, an event distributing Spark tokens is planned.

The deadline is December 12, and as of December 12, those holding Ripple will receive Spark tokens for free, so buying pressure is expected to remain strong at least until December 12.

(Not sure about the exact timing)

With this rise, more people are considering investing in cryptocurrencies again or starting anew. However, buying during a surge carries risks, so personally I recommend distributing investments through dollar-cost averaging while the market is active.

GogoJiang is my premium-level cryptocurrency information, 【Touching the World of Cryptocurrencies — Practical Investment Methods and Useful Knowledge

】 has been distributed since 2016.

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