{"id":47372,"date":"2019-08-08T22:15:25","date_gmt":"2019-08-08T20:15:25","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=47372"},"modified":"2019-08-08T21:38:05","modified_gmt":"2019-08-08T19:38:05","slug":"ripple-xrp-price-liquidity-matters","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripple-xrp-price-liquidity-matters\/","title":{"rendered":"Ripple (XRP) Price Meaningless, Deep Liquidity Matters"},"content":{"rendered":"\n<p>Ripple (XRP) has been trading on a bearish bent barely rising\nabove the $0.33 price range. Some XRP investors who have been eyeing some\nreturns with its price are getting a tad frustrated. Toughened XRP holders are,\nhowever telling them that tokens price does not matter in the face of\nplatform&#8217;s increasing liquidity.<\/p>\n\n\n\n<p>Eric Dadoun, for instance, <a href=\"https:\/\/twitter.com\/EDadoun\/status\/1159297175643254785\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">writes<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u00a0\u201cVery bullish seeing the liquidity impact of MoneyGram. Deep liquidity eventually enables real players (IE: banks). You can&#8217;t transfer meaningful fund sizes when the order books can&#8217;t support a fraction of it while remaining stable. XRP price is meaningless for now&#8221;.<\/p><\/blockquote>\n\n\n\n<p>During MoneyGram&#8217;s <a rel=\"noreferrer noopener nofollow\" href=\"http:\/\/ir.moneygram.com\/static-files\/2dda97ce-90b3-4b9d-9fa7-c6b3efb278f7\" target=\"_blank\">Q2 2019 earnings<\/a> call, CEO, Alex Holmes had a lot of praise for <a href=\"https:\/\/ethereumworldnews.com\/ripple-mastercard-nets\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Ripple (opens in a new tab)\">Ripple<\/a>. Holmes touted the benefits of his company&#8217;s agreement with Ripple, saying that they were now transacting on xRapid. <\/p>\n\n\n\n<p>The CEO of the world&#8217;s second-largest money transfer firm said that they would keep their partnership with Ripple and use XRP. <a href=\"https:\/\/ethereumworldnews.com\/ripple-moneygram-xrp-utilization\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"MoneyGram (opens in a new tab)\">MoneyGram<\/a>, however, has not made public the number of transactions or volumes done with xRapid. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ripple\nxRapid Usage on the Rise<\/h2>\n\n\n\n<p>Ripple&#8217;s <a href=\"https:\/\/ethereumworldnews.com\/ripple-xrp-bulls-awoke-moneytap-to-use-xrapid\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"xRapid  (opens in a new tab)\">xRapid <\/a>utilizes XRP as a source of liquidity. Ripple has been bringing more businesses on board xRapid. The platform offers businesses cheaper, faster, and more efficient transfer services. Brad Garlinghouse, the CEO of Ripple, has been very confident that more financial institutions will be using xRapid by the end of 2019. Besides MoneyGram, other smaller known firms using xRapid include Cuallix and Mercury FX.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" aria-label=\"Cuallix (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/ahead-of-ripples-swell-2019-the-xrp-landscape-is-remarkable\/\" target=\"_blank\">Cuallix<\/a> is based in Mexico and the States and provides credit and payment processing solutions. xRapid went live on Cuallix on October 2018, and the firm is one of Ripple\u2019s oldest partners. The Ripple platform was tested on Cuallix first before it was released for commercial uses. <\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"zeen-lazy-load-base zeen-lazy-load\" title=\"Alastair Constance (Mercury FX) at Ripple Regionals: Europe 2019\" width=\"1200\" height=\"675\" src=\"about:blank\" data-lazy-src=\"https:\/\/www.youtube.com\/embed\/J2nzxtDkBOk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><noscript><iframe title=\"Alastair Constance (Mercury FX) at Ripple Regionals: Europe 2019\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/J2nzxtDkBOk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/noscript>\n<\/div><\/figure>\n\n\n\n<p><a rel=\"noreferrer noopener\" aria-label=\"Mercury FX (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/ripples-xrapid-saved-a-client-30k-says-mercury-fx\/\" target=\"_blank\">Mercury FX<\/a>, on the other hand, is a remittance startup that focuses on high net worth businesses and clients. Mercury FX uses XRP to move cash remittances to and from Mexico. The platform has its eyes set on the Philippines too. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP Use\nRising But Not Price<\/h2>\n\n\n\n<p>Despite the growing list of xRapid users, XRP fans have not reaped\nmuch from the token&#8217;s prices. A bunch of them have now become uncomfortable and\nare instigating a mutiny. They have put up an online proposal asking Ripple to\ninitiate a token burn of half the XRP there is. Their logic is that the token burn\nwill cut down the XRP supply, which should increase the token&#8217;s prices. <\/p>\n\n\n\n<p>Crypto Bitlord, the trader behind the <a href=\"https:\/\/www.change.org\/p\/ripple-stop-ripple-dumping?recruiter=989644844&amp;recruited_by_id=4f5fe340-b758-11e9-b5f6-6119b5d9cb85&amp;utm_source=share_petition&amp;utm_medium=copylink&amp;utm_campaign=share_for_starters_p1_view&amp;utm_content=bandit-starter_cl_share_content_en-us%3Av4&amp;use_react=false\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">petition<\/a>, says:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cRipple continues dumping billions of XRP on us, crashing the price&#8230; Sure we know that XRP is a solid coin with major potential, but this needs to stop!&#8221; The petitioner further writes, &#8220;Everyday there is good news&#8230; A new bank or partnership announced but still, it manages to keep on dumping. The only logical explanation is that Ripple is dumping on us.&#8221;<\/p><\/blockquote>\n\n\n\n<p>Ripple holds over 50 percent of the XRP supply and systematically\nsells it into the market to stimulate the ecosystem&#8217;s growth. This has rapidly\nincreased the XRP supply increasing the downward pressure on its price. Ripple\nsays they will sell the locked XRP proportionately to the market conditions.\nThey will, however, sell it a lower price in an effort to safeguard the token&#8217;s\nprice.<\/p>\n\n\n\n<p>The jaded community is, nonetheless, having none of Ripples\nassurances and is taking a stand. Unfortunately for the XRP holders, Ripple has\na lot to gain from selling that massive XRP in the vaults. The unsold XRP is\ncurrency valued at $15.5 billion. They, consequently, have no incentive to\ninitiate a coin burn. <\/p>\n\n\n\n<p>The digital currency is also meant to act as the ecosystem&#8217;s growth stimulant. MoneyGram, for instance, could have bought XRP to use xRapid. Some traders have said that when purchasing XRP, an investor needs to buy into Ripple&#8217;s long-term plan of facilitating deep <a href=\"https:\/\/ethereumworldnews.com\/xrapid-is-building-liquidity-via-xrp-in-key-markets\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"liquidity  (opens in a new tab)\">liquidity <\/a>of the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) has been trading on a bearish bent causing frustrations. However some are now of the view that liquidity, not price, matters. <\/p>\n","protected":false},"author":34,"featured_media":47373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[103,84,1234,6957],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/47372"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=47372"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/47372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/47373"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=47372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=47372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=47372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}