Ripple update: PSA: Chinese New Year seems to have ended. This explains the pump.
As many long-time investors may know, XRP crashed back in January-February because they were buying gifts for Chinese new year. Apparently, this year was the year of lavish giving, as it seems the New Year Celebration is finally winding down after a good 8-9 months.
Boy, how I wish I lived in China.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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