In the last 7 days XRP has seen an increase of about 129.98% while Bitcoin has only had 8.37%.

But what are the reasons for this rise in the XRP?

We believe that the reasons responsible for the rise may be as follows:

Spark Tokens Airdrop

Spark Token will be the extension of XRP on the Ethereum network.

In August, Glare Network announced that there would be an airdrop, limited to a maximum of 45 billion, for XRP holders.
However, Ripple Labs and its employees will not be entitled to receive this airdrop.

The airdrop will be made for eXRP holders who have their currencies on exchanges and these accept SPARK.

The snapshot for the airdrop will be on December 12th and will define the wallets that will receive the token.

Usability

In terms of usability, it is related to the bridge that will be developed by Flare Network for the Ethereum network.

This makes the XRP come to have usability and can connect to the DeFi world in which almost all projects want to be present.

High moment

The XRP approximately 10 days ago broke an important price resistance around $0.26.
After this remission some graphic analysts pointed out the next targets $0.8 and $0.9.

FOMO

Robots and large investors are very aware of the fact that there are many people afraid of being left out of this market who end up all-in on one asset.

This causes projects to end up with price appreciation.

Concluding, in my opinion, this high of XRP exists due to the airdrop of SPARK, FOMO, the moment of high and the fact that TOKEN can have some usability in the DeFis.