Ripple positive climb continues with 10 percentage points of gain only in the last 24-hours against the US Dollar. Among the leading cryptocurrencies – Only Litecoin and NEM had a particular case of increase like Ripple (XRP) today as it reached a market cap of $9.5 bln and a trading price of $0.2480 – According to Coinmarketcap.
A couple of days ago, its trading volume/day took out the $1 billion barrier as the Asian demand for the XRP was “yelling to buy”. Now it is around $336 million which is hoisted and dramatically helped by Bithumb – 41.03%, Coinone 13.73%.
There are tons of reasons that are pushing upwards the request to buy Ripple and have its token part of the users portfolio but to be up to date with recent Ripple related developments:
News are being announced around UAE that the UAE Exchange was in negotiation with Ripple enterprise for a partnership using its distributed ledger and Block-tech to get payments complete even outside of the border.
“Ripple provides one frictionless experience to send money globally using the power of blockchain. With RippleNet, financial institutions can process their customers’ payments anywhere in the world, instantly, reliably and cost effectively using just one API. ” – Ripple CTO Stefan Thomas
Its “functionality” is experiencing an expansion throughout this particular region as the National Bank of Abu Dhabi – one of the major lenders in the emirates – earlier this year had already adapted its technology.
The diversification of cryptocurrency holders while many speculations are out there and the price is supported by them as to: Which one will be the next big thing and take over?
And lastly but of similar importance – The growing interest in virtual currency and profiting from the recent overall market price increases.
But returning to the moment for a quick term explanation – with Ripple price floating upwards past and over the last highest mark reached of $0.23 in Aug 29, it means the major resistances for now are “out of the way” so there is a high chance for a short-time (longer term would be to much speculation) the XRP/USD could very well continue to surge.