Will Ripple hit $2 in the last few days of 2017?

I woke up at around 3:00AM PST, and like most nights when I wake up in the middle of the night, I reached for my phone and checked-out the latest cryptocurrency prices. Here’s what I saw:

ripple-number2-crypto-currency

I honestly did a double-take when I saw this. I went to bed and Ripple was at $1.52, now it was the number two cryptocurrency in the world after overtaking Bitcoin Cash and Ethereum. As of this writing Ripple is sitting at $1.80 and has dropped into the #3 spot with Ethereum back at #2…for now.

What has been particularly interesting to see with the strong Ripple price movement this week is that most of the other cryptos can be down, and Ripple seems to be relatively untouched. Earlier this week when Bitcoin dropped into the $12,000 range it took Ethereum, Bitcoin Cash, Litecoin, and a number of other cryptocurrencies with it, but not Ripple.

Here’s a look at Ripple’s growth just this week:

Ripple-week-of-dec-22

Last Friday Ripple was hovering in the $1.00 range and $2 seemed like a pipedream, now it looks like $2 could happen, literally today. What’s even more surprising about this price move is that it happened after South Korean regulators announced they would be shutting down a number of cryptocurrency exchanges in the country. This news brought most other cryptocurrencies down with Bitcoin going as low as $13,100, but for some reason Ripple went in the opposite direction – up to fresh new highs.

Korean exchanges are frequently—if not always—the top markets for trading XRP. At one point, three of them accounted for 70% of total trading volumes. That number has since fallen to ~45%. However, XRP is still more liquid in Korea than anywhere else, making it an important part of the recent price action.

With all this in mind, you would imagine that XRP crashed after yesterday’s news broke. But that is the curious thing: XRP did not even tremble at the impending regulations.

In fact, XRP blasted off like it was in Cape Canaveral.

(Source – PriceConfidential.com)

So the question on everyone’s mind now is when will Ripple cross over the $2 mark. A number of people predicted this would happen sometime in 2018, almost nobody thought it would happen in December of 2017…and now literally since I started writing this post it has moved from $1.80 to $1.85 – hitting $2 today or tomorrow sounds a lot less crazy than it did a week ago.

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