Last few days Ripple is almost exploding and is up 140% since Monday, Dec 11th. Maybe this is happening because of few new reasons.
- More interest form Wall Street investors and Bank Analyst. Wall Street like the Ripple as centralized coin with financial products which are being tested by 100 plus Banks and Financial Institutions across the world.
- Interest form Japan and South Korea to test the Ripple technology to reduce timeframes and costs associated with international fund transfers between the two countries. Using Ripple may lead to 60% savings. This is pilot project but may lead to more permanent solution for future. And other countries may follow the same.
- Recent Crypto Currency Interest around the world.
- YTD, more than 7500% increase in XRP market cap attracts new investors.