Ripple (XRP) Price Moving for the Big $1.00 – Turning into a Leading Blockchain Tech Whale
As Abra’s CEO Bill Barhydt predicted, the bulls have returned very soon and pulled the market out of the turmoil. Accordingly, various leading coins are reversing back in price very speedy with a shining-green gain percentage being displayed every day. One of most promising is the third in position Ripple (XRP).
“I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity. Once that happens, all hell will break loose. He added: “Once the floodgates are opened, they’re opened.” – Mr. Bill Barhydt
For the time being Ripple’s token XRP is changing hands against the US Dollar at $0.6860 with almost 2.00% increase in the last 24-hours.
The monthly long declining trend that has been taking place since January has been breached for the first time by the pair XRP/USD as buyers are having their saying for more than a week now. It could have opened doors for more gain in the upcoming weeks with possible minor dips that can be seen as stepping-in opportunities.
In a very different approach, Director of Regulatory Relations from Ripple Lans – Ryan Zagone, has urged government of UK to develop and make regulations that would cut down the middle between enabling innovation and capturing possible or is-risk. This comes because of Ripple’s solutions being widely-spread in various countries that do have their own individual regulation resulting in increase costs and complexity. The best solution for that would be a general framework in an international manner.
Among many events that were announced, the below once are very worth to be mentioned when it comes to Ripple:
Börse Stuttgart, second leading stock exchange in Germany, has declared that plans are set in motion for a crypto-exchange application to be launched that functions under the no-trading fee idea. The name of the app will be Bison and will be handling large cryptos like Ethereum [ETH], Bitcoin [BTC], Litecoin [LTC] and Ripple [XRP].
Ripple Commits $25 Million To Digital and Blockchain Businesses.
xCurrent, xVia, xRapid set to make banking cheaper and efficient with Ripple [XRP] technologies
Santander – banking group is partnering up with San-Francisco based start-up Ripple [XRP] to launch its international money transferring application with the solutions that Ripple is providing via the blockchain-supported xCurrent and RippleNet.
Huobi launch in South Africa with Ripple’s listing.
These are just some of the announcements in a very short period of time. This type of work and further advancement is what makes many enthusiasts believe that the most impacting firm and tech in the ecosystem turning out to be is Ripple.