The Ripple (XRP) Price has now risen above $1 on Monday for the first time since the end of January, bouncing back from a low of $0.56 just last week.

The Ripple (XRP) Price, like the majority of cryptocurrencies, has been extremely volatile as of late. Like Bitcoin and most virtual coins, the price skyrocketed near the end of December only to crash in early January – a stark reminder that the Ripple (XRP) price is anything but stable. It appears as if the currency is in a bit of an upswing, however, as it’s started trading above $1 today for the first time since the end of January.

Although trading above a dollar is a big change from the recent low of $0.56 on February 6, it’s still a far cry from the value of $3.31 just before Christmas. With over 55 billion tokens currently circulating and the price per token so low, any fluctuations – even those of less than a dollar – can have massive implications in the Ripple (XRP) price and market cap.

At a Yahoo Finance conference last week, the CEO Brad Garlinghouse said that XRP and other currencies like it should be referred to as “digital assets” rather than cryptocurrencies due to the fact that you can’t use it like a traditional payment method.

“It’s not currency…I can’t go to Starbucks or Amazon and use—and you know, somebody inevitably will be like, Well, I have one example where I bought something with a bitcoin.’ And then I usually say, ‘Well, did you do a second transaction?’ It’s not actually a currency. These are digital assets. If the asset solves a real problem for a real customer, then there’ll be value in the asset.”

Although the Ripple (XRP) price has followed similar trends to that of other digital assets, the fact remains that there are some key differences with the coin that separate it from the rest of the crowd. One of the biggest aspects that sets Ripple apart is its status as a product produced by a company. While Bitcoin and many other large cryptocurrencies have questionable origins, there’s a guiding force behind the Ripple (XRP) price in the form of a company that has a clear direction and trajectory they hope to take the currency on. Ripple is currently used for institutional settlement and transfer products, with the company recently stating that they had signed more than 100 customers onto trial programs.

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