Good start in June, ripple prices are back on the rise

From the xrp price chart of the past week, we can see that the ripple price began to rise from the end of May or the beginning of June.

However, some people may say that it is unbelievable that the the price increase of the xrp has not been expected to be so fast even ripple has recently has cooperated with various major financial institutions, including Santander Bank, Kuwait Finance Building, and recently the news about that ripple will cooperate with Bank of America was reported. Why does the xrp price not rise quickly after ripple has cooperated with these major financial companies?

First, The brilliance of ripple are masked by bitcoin, because many investors still feel that Bitcoin, ranked first in market capitalization, is the most important and most reliable cryptocurrency.

Second but the most important is that ripple's technology is different from the XRP currency. Ripple's success can and will create demand for XRP, but this may be very slow (as we see on the chart), because Ripple's bank partners can use the platform to trade in any currency, encryption or fiat currency, xrp is not their only choice.

Although the growth rate of xrp price is slow, it showed a very good upward trend in early June, which indicates that ripple's commitment to cooperation with the various financial institutions is still valid. Moreover, in the long run, the establishment of these partnerships will lay a solid foundation for the rise of xrp price to $10 in just a few months.