The previous month has been great for cryptocurrencies, especially Ripple’s XRP token which posted solid gains. In the altcoin news, we are exploring why Ripple XRP is one of the most promising assets to watch out for in June.
Ripple (XRP) is now trading at $0.44 with a 1% increase overnight. Despite experiencing a correction this May, XRP is still expected to soar in June as many analysts predict. If you are asking yourself why Ripple XRP is in the focus for this month, the truth is that there are a lot of news surrounding the coin and its positive price action as of recently.
With XRP trading above the $0.4 level, the cryptocurrency is expected to embark on a bullish run and be featured in the coming altcoin news, embarking on a journey to $0.5 which is the next level in sight.
Despite the fact that XRP is not performing as it is truly expected, compared to other cryptocurrencies, XRP is performing better. The asset is increasingly becoming very appealing to institutional investors and banks are already integrating the Ripple technology to power their payments. These are only some of the reasons why Ripple XRP soars and is expected to see new clients added to its network – which will possibly integrate XRP and increase the coin’s market capitalization.
On the question why Ripple XRP is growing, there are a lot of developments within the community which are the best answer to it. The platform is constantly reshared by many best cryptocurrency news sites for adding new clients among the banks globally. So all in all, XRP is a cryptocurrency worth investing in because it has a bright future.
Based on the questions why Ripple XRP will rise, the firm is currently targeting payment partners from numerous markets – including the Chinese ones. As the current interest and latest cryptocurrency news show, XRP is also getting praised from renowned global institutions and might start the month by visiting the $0.5 mark.
If the asset thrives in China (which is a country with a population of over 1.3 billion), XRP will definitely soar higher in June, eventually coming closer to the $1 mark.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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