Ripple (XRP), which ranks third in total cryptocurrency transactions, rose more than 6 percent, nearing the $0,26 mark, news on upcoming IPO follow.
The XRP had been maintaining its price of nearly $0,26. Since its price jumped nearly $3 per unit in January 2018. In November last year, the price fell below $0,24, staying in the mid-$0,2 range. The XRP has approached the $0,26 mark for the first time in a long time. But there is no noticeable reason for the price increase.

However, the price of the XRP fluctuated shortly after the possibility of Ripple’s IPO was raised. So expectations of the IPO seem to have prompted Ripple’s buying spree.
News on the possible upcoming IPO for Ripple and its impact on XRP price
Ripple’s CEO Brad Galinghouse said Wednesday that Ripple’s IPO was possible. “We are not sure if we will be the first to see the IPO in the cryptocurrency and blockchain industries over the next 12 months, but we expect to be in the lead rather than lagging behind,” Gallinghouse. e attended the World Economic Forum in Davos, Switzerland, told the Wall Street Journal.
Industries are paying keen attention to how IPOs of Ripple will affect XRP, the cryptocurrency of Ripple. Some foreign media outlets believe Ripple’s IPO will help boost the price of XRP as it will draw media attention. On the other hand, some say that the demand for XRP could be decreasing in situations where equity investment has become possible.
Local investors appear to be rather cautious despite the rise in the XRP. After three years of climbing and collapsing, “I was deceived by Ripple” did not generate enough upward momentum to create a buzzword. “It’s been a long time since Ripple has reached $0,26. But we don’t know when it’s going to fall, so it’s a lot of pressure to invest too much just to see the current upward trend,” a Ripple investor said.