While Bitcoin continues to struggle to break through the resistance at $60,000, the XRP price is picking up speed. Yesterday, the rally cooled off a bit, but this was also to be expected after the rapid increase last week.
Amazingly, the correction to $1,35 seems to have been forgotten, since Ripple managed to break through the $1,60 mark a few hours ago. Currently, the Ripple price is trading at $1.63 and a slowdown does not seem in sight yet.
A few days ago, we published an article in which we predicted that the Ripple price could even rise to the previous all-time high in the near future. Before we get into further price action and how likely it is to rise to $2, let’s look at fundamentals first.