$1 Per Ripple (XRP)- New Forecast.
$1 Per Ripple – Ethereum World News, early yesterday, suggested that this week Ripple (XRP) will return to scoring ways and the prices will be above $ 1. Technical analysis demonstrated that the coin held a support level of $ 0.80 and a resistance level of $ 0.88 over the weekend. This, by turns, meant that if this moment was retained this week, Ripple would undoubtedly cross $ 0.90 and approach the $ 1 mark.
A number of cryptotraders and amateurs suggested the reason for the general cryptocurrency market rally. Availability of funds after the American tax season was the first theory, which ended just a few days ago. This means that those who have acquired their tax returns decided to invest in crypto.
It should also be noted that some American traders had sold their crypto as soon as the IRS announced earlier this year that they would perform strategies for taxing profits from crypto trade. The news had been declared at a time when many governments and regulators were overwhelming the Crypto-verse with threat after threat. This, in turn, resulted in a drop in the market, which we observed during this period of time.
The second theory, which was observed floating around, is the statement of an Islamic scientist that Bitcoin is quite lawful and in accordance with Sharia law. This announcement was made around the time we witnessed a spike in the $ 1,000 BTC on April 12th \ and may have triggered it. This statement opened the doors to a very large religious community, estimated at 1.9 billion believers worldwide.
As for Ripple, since the coin came into the spotlight in the middle of last year faithful community of holders and traders use and enjoy the coin and project. According to some news Santander will be tackling finetech through its cross-border payment system called Open Pay FX. This service ensures and guarantees settlement on the same days in the countries of Spain, the UK, Brazil and Poland. The Santander Group is working to expand services in other jurisdictions. They also work on almost instant calculations based on the transaction speed of 3.3 Ripple. In addition, rumors about the mobile application Santander, which does the same, are common in the Ripple community.