XRP Strikes Another Win As Five RippleNet Clients Prepare To Use XRP As On Demand Liquidity Amid Bear Market

ripple xrp price analysis

The entire cryptocurrency market is currently bleeding out. However, before almost every coin started falling against the USD, XRP was already stuck in a descending trendline. The XRP price prediction 2019, which has been bullish for a while now, suddenly became bearish because of the negative XRP news about the XRP technical analysis. The fall in the price of XRP was especially surprising because it is not in line with the XRP news development. Irrespective of the current price action of XRP, Ripple is making waves per adoption. It recently announced that 5 RippleNet clients will soon start sourcing liquidity with XRP. This move is expected to boost the XRP price prediction 2019 but with the current market trend, there is no way to determine what the effect will be short-term.

XRP News Today – XRP Price Prediction 2019 – Ripple News – Source Liquidity With XRP

In its first quarter report, Ripple revealed that five of the clients on the RippleNet platform will be leveraging XRP for on demand liquidity. Last year, the CEO of Ripple, Brad Garlinghouse, said that RippleNet had on boarded over 200 clients globally. Out of the 200 customers, 13 had announced that they will be leveraging XRP in Ripple’s xRapid protocol. At the time the XRP price prediction 2019 got a major boost. Members of the XRP rich list expected that more financial institutions will decide to leverage xRapid and this would, in turn, make the XRP price prediction 2019 bullish.

XRP (XRP) Price Today – XRP / USD

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According to the latest report, five institutions among the RippleNet community will now source on demand liquidity with XRP. These five companies are SendFriend, FTCS, JNFX, Translaygo, and Euro Exim Bank. This move is not just going to promote the XRP price prediction 2019. It is going to promote adoption for the XRP token and the xRapid protocol. The good needs is much needed amid the current bear market.

In our XRP news yesterday, we talked about another issue on Ripple report which is the XRP sales during the first quarter of the year. According to the report, Ripple sold XRP tokens worth $169.42 million within the first three months of the year. This means that there was a 31% rise in the number of sales. XRP also got listed on 19 exchanges during the first quarter. At the time of writing, about 120 cryptocurrency exchanges had XRP listed including Coinbase.

XRP News Today – XRP Price Prediction 2019 And XRP Current Price Isn’t In Line With XRP Development

At the time of writing, the price of XRP was $0.294871. This means that it is down by 2.58% against the USD and up by 1.06% against the price of BTC. The trading volume over a 24 hour period is $1,345,293,442 and the market capitalization is $12,386,059,006. The price of XRP will most likely fall lower to the $0.15 level before any major breakthrough can occur according to our previous XRP price prediction 2019. The good news is that the increase in adoption and developmental progress prove that XRP isn’t dead yet and there is still hope for a future recovery.

What do you think about the XRP price prediction 2019 in our XRP news today? Will the price of XRP be influenced by the new development? Kindly share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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