Ripple (XRP), a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company will supposedly become mainstream in days to come. Based on the CoinMarketCap analysis, the current price of XRP stands at $0.454228 with Market cap stands at $18,292,550,596 as on 15th November 2018 (10:21 am IST).
With this, the recent XRP/USD analytics shows that Bollinger Band Width slashed at the current level where it leads to a Y-shaped stick. Having said that the price reconstructed for a while and then landed in the completely opposite direction significantly. For example, BBW profile of November and December of 2018 compared with the same time last year, the similarity has been observed. Let us not forget that the BBW indicator follows the same way as it was in the year 2017 before the bull run initiated. However, the price may soar high in the third quarter of the month and thereafter it will slash and then retrace.
Amid all this, the expected time lag for this effect is observed in between 3rd November 2018 and 1st December 2018. Which means a strong rally for Ripple (XRP) can be expected until the beginning of 2019. However, the technical indicators and analytics may be expected to follow the same path.
Let us not forget that the price of Ripple (XRP) has constantly been striving to resist the strong pull by the crypto major – Bitcoin (BTC). Amid this, XRP/USD stands to gain as they are far in a better position when compared with most coins available in the market. Because it stands in a place which is above its bottom and has not reconstructed as predicted by most analysts.
It is obvious that community users and investors may be inclined towards Ripple (XRP) due to its price mechanism in place. With this, lots of people are under the assumption that Ripple is leading towards the mainstream adoption down the line. Apart from pricing, there are certain factors that prompt one to invest in XRP as follows:
– Ripple (XRP) having its high speed with low transaction cost. This is what differentiates this cryptocurrency from others available in the market and prompts people to invest in it.
– All those companies that use Ripple (XRP)’s xRapid solution have been in a position to reduce transaction cost and time. Which are the key factors for any industry to have the system in place.
– All those baking transactions across different geographies take almost 3 to 4 days while following lots of domestic and cross-border regulations. However, Ripple (XRP) streamlines the entire process such that the transaction can be executed in a couple of minutes. That’s the major advantage to have Ripple (XRP) in place.
Let us not forget that Ripple (XRP) have value-added qualities and capabilities which helps execute transactions online. If anyone wants to execute a trade – buying or selling, the Ripple’s XPR is the best options due to the straightforward reasons as specified above. Besides this, both buyer and seller can execute the trade through XRP for other assets as well. Because when it comes to supporting Ripple (XRP) is not like supporting existing fiat currency. Also note that when you are a trader and you accept payments in XRP, you are then able to convert XRP into Bitcoin (BTC) if you do not want to convert it into any fiat currencies!!
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