For some time now, the price of XRP has been below one dollar which is far from the all-time high of $3 per XRP. Ripple is one of the top five coins as per market capitalization. Even with the current dip in price, Ripple is still striving in some areas.
Many companies are ready to go into partnership with Ripple and some are already sealing exciting deals. This has slowly made Ripple one of the top blockchains to be adopted massively. Ripple’s xCurrent technology has been adopted by numerous financial institutions around the world.
Will Ripple Reach $5 Soon?
For those XRP holders who are interested in the future unit value of the coin, learning about its possibilities is beneficial. The rumor is that Ripple may sell as high as $5. Is this going to be possible?
First of all, Ripple has three different systems. The system is designed to support money transfers fast at economic rates. Of all three, only one system needs the XRP token to function. This system is called xRapid.
Ripple focuses more on promoting the other two systems that don’t require the XRP known as the xCurrent and xVia. The xCurrent is more useful in banking and financial institutions. xRapid, on the other hand, allows for almost instant transfer of money globally no matter the amount.
By incorporating xCurrent, a giant bank in Spain, Santander, is going to allow users send money fast and efficiently without using the XRP token. This adoption along with other similar ones is what is rumored to push Ripple XRP to $5. However, this might not be the case.
Even if Ripple is getting a lot of partnership these days, a massive adoption of the XRP itself is not imminent. It is the ripple ledger that is being adopted massively and not the coin. Currently, the state of the market places the XRP far from $5.
Ripple is currently trading at $0.57 per unit and it keeps declining against the USD and Bitcoin.