Since the bulls returned into the crypto space this year, enthusiasts became more and more excited.
A parabolic surge similar or stronger than 2017 is expected
A lot of crypto-related rumors have been flooding the crypto space, and some experts have even claimed that a massive bull run is on the way that will take Bitcoin above the 2017 levels.
All coins are expected to see a surge if we were to believe these rumors.
Now, a live XRP chart that’s provided by Ripple is showing that XRP payments have been rising and they are getting closer to the highs that have been seen during the bull run in 2017.
This has also been noted by Cryptopolis, which is a quantitative analyst at StrongMarket, as Ethereum World News reported.
“Massive spike in micropayments. No idea what it’s about, but it could very well be just one actor, so don’t lose your mind. Remittance-size payments volume still high, big weekend drop suggesting at least some utility. If this weekend is similar, really encouraging,” the online publication writes.
BREAKING: XRP Payments on XRP charts is the highest it's been since before the bull run in 2017. Screenshot taken at 9:44PM EST: pic.twitter.com/dZ8VVrmiBF
— David Vallieres (@vallieres_david) May 23, 2019
Potential catalysts
The online magazine mentioned above also addresses some potential catalysts that might have triggered such a surge in the number of XRP payments.
They say that this might have been due to various activities that have been taking place around the XRP ecosystem.
One of them is said to be the XRP army calling for the integration of XRP micropayments on Skype, for instance.
Besides this, XRP has also been integrated into WooCommerce, Gmail, and Microsoft Outlook.
The fact that XRP became a base currency on Binance is another reason that they mention along with the fact that the use cases for XRP are expanding.
Read more in Ethereum World News’ original article.
Anyway, XRP enthusiasts cannot wait to see the coin’s price mirroring all the achievements that both the currency and Ripple have marked so far.
