Within 7 days, $1000 can be turned into $1,500

Cryptocurrency is full of surprises and analysts can’t really dismiss tokens that aren’t performing well. A global financial event is all it takes to shift the market and bring in quick profits that nobody could have anticipated. The same thing happened last week. Leading cryptocurrencies, such as Bitcoin and Ethereum, among other things, soared in charts. Investors’ portfolios grew by double-digits as the majority of assets posted gains.

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The bull is ready to rally: XRP prices are on the rise

Ripple’s native token dropped below $1 a few days ago and hit as low as $0.99. The altcoin was feared to plunge lower, possibly even down to $0.80. The cryptocurrency market was surprised by a new element. While traders were still skeptical, there were some positive signs. President Donald Trump announced that the US will consider buying a “sizeable” amount of Bitcoin. He said that the US was also going to buy other crypto currencies, which boosted altcoins.

Bitcoin went up from $62,000 to $75,000. Ethereum rose to $2,500, from just $1,800. XRP is up nearly 50% and attracting bullish feelings. In a very short time, an investment of $1000 made in XRP last week has become $1500. The market is now positive, with short-term investors making huge gains. If the momentum continues to be positive, XRP might reach the $1.75 mark.

As the US Treasury plans to double their long-dated bonds buyback limit, this positive trend is expected to continue. The lower long-term yields can encourage investors to return to riskier assets, such as cryptocurrencies. XRP, one of the top altcoins that will benefit from this ongoing development is XRP. Market dynamics change every day. It is important to monitor the latest financial developments. A change in wind direction can cause losses if you enter at the top.