Ripple (XRP) News – Ripple (XRP) ends the month of September with impressive gains of 77%

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The month of September has been pretty quiet for ripple (XRP). There were quite a few fundamental developments during the month of September as well. Due to these fundamental developments, Ripple (XRP) was able to shore up significant gains throughout the month as well.

Ripple (XRP) closes the month with a gain of almost 77%:

At the start of September, Ripple (XRP) was trading around $ .33. Currently, however, it is trading around $ .56. This clearly indicates that it has managed to notch up again of approximately 77%. This is significant considering the fact that the most dominant cryptocurrency that is Bitcoin (BTC) is close to the month of losses of 6%.

The main reason why ripple (XRP) was able to notch up such significant gains were to the fundamental developments. During the month of September, it was confirmed by one of the employees of Ripple that xRapid might be launched as soon as next month. That is what sparked the relentless rally in ripple (XRP). Ever since then, the rally did not stop at all. Due to this very reason, it was able to experience a significant rise as well.

On the other hand, Ripple (XRP) had fallen all the way from levels of $ 3.82 to just $ .20 earlier. That is why a bounce-back is long overdue. However, even the bullish investors in ripple (XRP) did not anticipate the 77% increase in the price of the XRP token in just one month. That is why such gains have actually came as surprise for many of the investors as well.

With that being said, if the xRapid launch happens when that is in the month of October, Ripple (XRP) can easily gain a significant amount as well. This will ensure that it will be able to again impress the investors as well as traders alike with the significant gains which it will experience. Thus, keeping all of this in mind and the fundamental developments which might come through in the month of October, it is a month in which, the spotlight might once again on ripple (XRP).

While most of the other cryptocurrencies underperformed Ripple, there are however a few Altcoins like Electroneum (ETN) which outperformed the ripple as well. However, when it came to the mainstream cryptocurrencies, Ripple (XRP) definitely outperformed the mainstream cryptocurrencies. It remains to be seen now is the month of October for ripple (XRP). Up until now, it has performed brilliantly in the last 30 days.

About Manish 352 Articles
I am an avid crypto lover and a electronics & telecommunications engineer by qualification. I follow the cryptocurrency & blockchain industry closely to focus on the latest news & developments.

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