The Ripple (available on Binance) price has taken multiple hits over the past six months. Most people agree with that. At the end of June, the XRP price was roughly $0.54. In two months, it dropped to $0.29.

But now that’s over; we’re in the midst of a Ripple (available on Binance) rally. Or, so it appears.

After bullish news for XRP surfaced this week, the price has skyrocketed, with the aLTCoin currently up more than 10%. And what was that news? Well, let’s just say it involves the launch of xRapid.

Possible xRapid Launch Sends XRP Price Higher

On September 17th, CNBC reported that Ripple (available on Binance) might be launching a commercial version of xRapid, which is the company’s payment platform.

Huge news as is, but even more so when you consider the launch might be in October. That’s one month away. According to one Ripple (available on Binance) executive (Sagar Sarbhai),  the team is “confident that in the next one month or so” the market “will see some good news coming in where we launch the product live in production.”

With that in mind, should we be surprised to see the Ripple (available on Binance) price trading up in the double-digits? No; not really. Ever since the potential xRapid launch announcement, social media has blown up with XRP news related stories.

The social media traction—keywords XRP and Ripple (available on Binance) are trending—probably kicked off this week’s Ripple (available on Binance) rally.