Ripple’s XRP token is now at an all time high of $1.43. While this price might not even compare to what Bitcoin is worth, it’s still quite impressive when considering that Ripple XRP grew over 30 percent in the last 24 hours and that its now evaluated at 450 percent more in comparison with last month. Ripple XRP’s value is growing steady and this what really matters.

Breaking the Psychological $1 Value

As previously mentioned, Ripple XRP’s value pales in comparison with the likes of Bitcoin and Ethereum. However, reaching the $1.43 milestone is an important feat for Ripple XRP since it means that it finally managed to break the psychological $1 barrier. From now on, things can only go upwards for Ripple XRP.

Although, we should mention that the cryptocurrency market is highly volatile and that there is always the chance for Ripple XRP to lose value. Nonetheless, let’s take a look at the most important factors which helped Ripple XRP to grow.

Consortium

The Tokyo based company who owns Ripple recently announced that it created a consortium which is specially designed to investigate what type of roles the distributed ledger technology could play in card payments. This is major news, especially when considering that there is a huge number of people who invested in Ripple XRP and this might give them the option to make transactions all throughout the country.

Ripple XRP is Stable

Unlike all other cryptocurrencies, Ripple XRP is the only one that can boast about being stable. In fact, some experts are calling Ripple “the most resilient digital currency”. Stability is something precious in the cryptocurrency market and this is one of the main factors why stock investors choose to spend their money on Ripple XRP.