Ripple’s XRP deserves a standing ovation, the overlooked and most attacked cryptocurrency have driven Ethereum (ETH) out of the second position, retaining the position with a wide margin of over $3 Billion.
Although the whole cryptocurrency market is witnessing value increase today, since all coins are green. However, the increase in the price of XRP is not a surprise, the cryptocurrency is going to be used in the transfer of fund across border in South America and Philippines where xRapid is to be deployed to carter for more than 10 Million Filipino workers working oversees.
When the tool is finally being used, with all indications, xRapid will make use of XRP as the base currency.
There is hope that in few months, other countries where RippleNet is being used may start to deploy the tool. As to some banks using the Ripple Network, there is fear among them that blockchain technology will not permit secret money transfer, hence, the fear of using the cheap and seamless solution.
Ripple (XRP) Intraday Price Analysis – Ripple (XRP) Price Today
Ripple (XRP) has witnessed unmatchable rise in the market today. It is on a massive bull run. While the likes of Bitcoin and Ethereum are adding below 10% to themselves in the market, the altcoin displayed its potentials, rising by about 80%.
After an all-time high price of the altcoin in January, XRP/USD has continuously been valued low in the market, but the trend of the day seems to be different as the altcoin displayed beautifully well in the market.
Now ranked second in the market, Ripple claimed the position after displacing Ethereum (former known as world’s second largest coin) in the market with the 78% value addition, adding robustly to its market cap.
The upside trend of the altcoin began since the beginning of the Asian trading session (yesterday), and the trend was maintained till today as it breaks out far away from its resistance level. At the start of the Asian session, XRP/USD was valued $0.04044.
While maintaining the trend on the Resistance Wedge, Ripple entered the European trading session valued $0.4736, and at the moment, with a resilient behemoth bullish run, trade pair XRP/USD had risen unimaginable within 24hrs to a price of $0.6556.