Yesterday, smartereum.com reported that xRapid and Ripple got a stamp of approval from the World Bank. Almost every crypto news outlet, digital asset investor, and XRP news watcher was talking about the xRapid thumbs up from the World Bank. Since then, the price of XRP has been green against the USD even when BTC was red. If you would love to join the XRP rich list, this may be your chance to join the train because XRP isn’t going anywhere anytime soon.
XRP Price Prediction 2019: xRapid Is Key To XRP’s Price Surge
Apart from the thumbs up from the World Bank, Whale Watchers on Twitter claim that the use of xRapid is another reason why XRP is trading in green at this time. Keep in mind that the xRapid technology is Ripple’s payment settlement system that uses XRP as liquidity. So, the more xRapid is used, the more useful XRP will be. The Whale Watchers noticed that a significant amount of XRP is being moved between exchanges that are partners with Ripple – Coins.ph and Bitstamp. According to BehindtheLedger, an XRP Ledger sleuth, these transactions started on the 25th of March and have been consistent since then. The post was as follows;
“Well, well…transfers from Bitstamp to http://Coins.ph in the month of March. Nice catch @hallwaymonitor2.
Some quick stats on Bitstamp -> http://coins.ph over the past week or so. Noticeable jump in transfer frequency and average size pic.twitter.com/t0Jz92uXLc”
He also noted that the trading volume of XRP in a Mexican cryptocurrency exchange, Bitso, has increased significantly over the past few days. The exchange recently started using xRapid to move funds. The exchange has also recorded a spike in the XRP/MXN trading pair. Also, he said that there has also been a significant surge in the number of transfers between Bitso and Bitstamp. The second tweet was as follows;
“Bitso xrp/mxn volume is up considerably, and incoming traffic from Bitstamp has jumped. Bitso’s xrp/mxn pair, which was #150 on Coinmarketcap’s volume ranking two days ago, has jumped up to #84 pic.twitter.com/8w3XZwM0mu.”
According to the Dailyhold, there was also a surge in the number of xRapid-esque transfers that may have also contributed to the XRP price surge in XRP news today. Other Ripple partners who use the xRapid payment protocol have also reported large volumes.
XRP Price Prediction 2019: XRP News Today – XRP Price Today
At the time of writing, XRP was trading at $0.315244. This means that it is up by 2.26% against the USD and down by 0.7% against BTC. The trading volume over a 24 hour period is $1,039,472,234 and the market capitalization is $13,147,727,058 per CoinMarketCap.
XRP (XRP) Price Today – XRP / USD
XRP is leading the current bull run as it was the first of the top three cryptocurrencies to start trading in green against the USD today. It’s not too late for a digital asset investor who wants to be in the XRP rich list to start accumulating the token now. If there is anything xRapid’s adoption has proven, it’s that XRP, Ripple, and xRapid are here to stay. The XRP price prediction 2019 is going to be positive from here on out.
From our XRP news today, what do you think about xRapid and how it influences the XRP price prediction 2019? Share your thoughts in the comment section.