Over the past few days, XRP has reached new highs, surpassing $1, with gains of over 55% in just a few days. XRP’s price “sunk” earlier this year, due to the legal problems of its founders, regarding the Securities and Exchange Commission.
What turned the tide in favour of XRP was the announcement that Ripple Labs was adopting a new development strategy that focused more on financial inclusivity, that is, providing banking services to people far from the financial system.
At the same time, the acquisition of 40% of Tranglo, a company that specialises in cross-border payments, was announced.
It remains to be seen if this trend will be the beginning of a new era for XRP or if it will be a flare that will last for a while.