- TD Ameritrade might incorporate XRP soon
- Crypto Analyst Mati Greenspan shares his thoughts over XRP
XRP News Today – Renowned Online brokerage giant TD Ameritrade might be adding support for the XRP token soon. This information was gotten out of their recent tweet. When asked if they plan to include Ripple, they answered that they only provided support for CME’s Bitcoin futures. They added that they would consider “additional opportunities.” The company did not offer any additional information on which cryptocurrencies it plans to take on board next.
So far, this is not the first time TD Ameritrade teased the XRP community with the possibility of taking them onboard. Sometime in December 2018, the company declared that it is still studying XRP.
TD Ameritrade which was procured by Charles Schwab in November is the first conventional financial services company to start providing its customers access to Bitcoin futures products that were released by Cboe and CME in 2017. In July, Tim Hockey, the CEO of TD Ameritrade flaunted massive requests for Bitcoin futures stating that their customers “were asking for it.”
In 2017, TD Ameritrade made an investment in a crypto spin-off platform ErisX, which according to Hockey, could permit TD Ameritrade’s customers to trade cryptocurrencies directly on the platform.
Crypto Analyst Mati Greenspan shares his thoughts over XRP
A renowned Financial and crypto analyst, Mati Greenspan has given a breakdown of XRP token on his Twitter page when concerns were shared from XRP investors. During the Bull Run in Q2 of 2019, XRP token almost broke above $0.5. Although likened to other altcoins and Bitcoin, its performance was heart-wrenching.
In 2019, XRP has been among the worst-performing cryptocurrencies, regardless of the series of partnerships Ripple made with financial institutions globally. Though, its density of the real use of XRP is still a major cause for concern for its investors.
According to Greenspan, the two major issues facing Ripple’s XRP are: ripple holding on to a huge portion of XRP and trading them into the rallies. And also the use of the network does not require XRP token, banks can utilize RippleNet without making use of its token.
In the past, any partnership with banks would have given at least a 10% price surge to the token. The crypto market has grown a lot since the bear market of 2018 with crypto-winter attaining its height after Q3.
XRP price analysis – Ripple’s native token is currently trading in the red zone with about 1.90%. The XRP/USD pair has shown some signs of balance as it runs several price variations to reach some gains. Currently, there is a hurdle in the way for an additional increase observed at the psychological $0.2000 level.