Why You Should Hold Your Ripple Even With the Market Conditions

Ripple gets the first bank from Oman on its RippleNet platform

The cryptocurrency market is currently being ruled by bears and traders are facing serious sell pressure. The top 20 cryptocurrencies are on a downtrend and the bloodbath is real. The leading cryptocurrency, Bitcoin, is struggling between $7,500 and $7,200. Analysts are afraid that the price will fall below $7,000 soon.

Even with this pressure, traders should hold on to their Ripple. Ripple is trading at $0.58 and the market is bearish. Irrespective of the price action, Ripple has shown progress regarding partnership and catching mainstream attention.

Banks and other financial institutions are beginning to pay close attention to Ripple. Ripple isn’t just seizing the glory in the financial circle but it has also become popular in mainstream media. Apart from this, Ripple still has a lot going on behind closed doors.

SEE ALSO:   Stellar Lumens Price Prediction 2018: Here Is Why Stellar Lumens (XLM) Is the Only Digital Currency to HODL This Year (XLM News Today)

Ripple May Partner With Amazon Soon

There have been some rumors about a partnership between Ripple XRP and Amazon. People believe that Amazon may partner with Ripple and for good reason. Already, Ripple has entered into partnership with some of the major banks with the most recent one with about 61 Japanese banks.

Since Japan has a reputation for being one of the biggest financial tech markets in the world, Ripple’s partnership in Japanese banks will definitely increase before the end of the year with the release of the Money Tap app. The Ripple Money Tap app is a mobile app that will make round the clock domestic payment in Japan. This might also entice Jeff Bezos who seems to be getting interested in Ripple as well.

SEE ALSO:   What's The Difference Between Ripple XRP's Tech And Other Cryptocurrency Assets?-Sat Jun 23

Even with the bloodbath in the cryptoverse, Ripple still has a better standing than most of the other coins. If you have XRP in your portfolio, you should consider leaving it there. If you want an alternative to Bitcoin, you can consider buying Ripple. Ripple has proven that it going to stand the test of time in the long haul.

The market conditions aren’t favorable but they will get better with time.

 

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Cryptocurrency Price Analysis: Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH) and Others Are Heading North (Cryptocurrency News Today)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!