The crypto community was shocked when the crypto market got a boost and most digital currencies rallied. Bitcoin was one of the top gainers of the next crypto bull run. XRP was not left out as well. The coin saw some increase in line with the XRP price prediction 2019. Also, despite the issues with SEC and the investors wondering “Is XRP a Security,” the coin is still making waves.
XRP (XRP) Price Today – XRP / USD
Recently, Weiss, the financial ratings agency graded the various tokens in the crypto division. The report was published, and it was not expected at all. Many of the projects were rated A- when it comes to adoption and technology. Few others managed to score as high as B-.
XRP, bitcoin and EOS were the only tokens that were rated “A” when it comes to tech adoption. Ethereum, however, got an A- grade.
Best payment systems
The parent company of XRP, Ripple also got a special mention during the grading process. Weiss says that SWIFT global payment systems could be challenged by Ripple’s cross border payment solutions offered by the project. The company is currently considering the implementation of the blockchain technology.
Ripple is leading the charge in a bid to compete with SWIFT global network. SWIFT offers money transfers for the financial institutions of the world. And the XRP parent country intends to take its place. XRP may offer more to the banking system in the future using their distributed ledger technology. The system will offer users more returns, lower borrowing risks, and enhanced protection against risk.
XRP stood out among others
No token got higher than a B- rating. However, XRP came out strong in the report. Considering the giant strides of Ripple to push ease adoption of the coin, this should not be a surprise.
The report also stated that the EOS project can rival Ethereum and could even work as the mainstay of a new internet.
This rating by Weiss is also accompanied by a lot of good news for the project. Some include the support of Yoshitaka Kitao, CEO of SBI holdings who is bullish on XRP. This CEO is not alone as many other Japanese investors also believe in the potential of XRP.
Ripple also became the founding parties of INATBA, along with IOTA, Cardano, and Lisk with a lot of others. This group was created to encourage the growth and adoption of blockchain.
XRP price prediction 2019 – XRP price analysis
The price of XRP is still in the bullish zone. This price rally allows the coin to come out of the previous range bound zone. However, there was a short downward correction and the price fell to $0.34. the price rally successfully reached a $0.36226 high and closed at $0.35542.
The bulls are back today for another bullish trend. The price of XRP is also above the 12-day EMA and this implies that the price will rise. XRP price is also expected to reach $0.40 level if the price stays above the EMAs. Also, more buyers at the upper price level could make it possible.
If the XRP price predictions 2019 are anything to go by, the bullish trend will continue.