Clearly, XRP is one of the best cryptocurrency to invest in 2019. The digital currency has won the heart of many digital asset investors. Many investors consider XRP as one of the best cryptocurrency 2019 because they believe in its potentials. The price of XRP has not been at its best recently, but that has not stopped investors and partners from the coin. There are also lots of bullish XRP price predictions out there, increasing the hopes around the digital currency. Ripple has secured a lot of strategic partnerships over the past years. The San Francisco-based blockchain startup has partnered with a lot of banks and financial institutions.
The RippleNet family is growing on a daily basis. SABB, the primary regulator of the Kingdom of Saudi Arabia, is now part of the growing network after launching Instant Cross-Border Transfer Service that will use XRP (XRP). Despite the recent price plunge of XRP, the blockchain project still looks very promising to a lot of firms.
Ripple Is Set to Dominate the Payment Industry – Will the Price of XRP Recover?
The traditional payment space is highly competitive. SWIFT is one payment channel that has been in the industry for a very long time. SWIFT was launched 43 years ago, and it has shaped many lives by easing processes. However, it is high time it gets replaced by an efficient rivalry. The CEO of Ripple – Brad Garlinghouse – said that the firm has a lot of ways to go before they finally take over the payment world.
Nevertheless, with what Ripple has to offer, it won’t take long before top banks start seeking for efficient, cost-effective, and fast payment systems such as xRapid, xCurrent, and xVia. These are some of the products of Ripple Inc. used for cross-border payment.
Saudi British Bank Joins the Family of RippleNet
Saudi British Bank is one of the newest families to RippleNet. The effort of the SAMA (Saudi Arabia Monetary Authority) is now paying off. In a statement, the Deputy Managing Director Corporate and Institutional Banking at SABB – Majed Najm – said:
“SABB provides its users with safer, more transparent, and fast international payment services by the launch of blockchain technology via Ripple. This will provide users with a valuable service and link more currencies and countries in the future.”
XRP Price Analysis – XRP Price Prediction – XRP Price Forecast – XRP USD Live Price
Over the past couple of days, the price of XRP has been on a steady downward trend. The price of XRP plunged and declined below the 30 cents level against the USD. XRP USD price even plunged to the $0.2980 level and the $0.2950 support level before buyers showed up. The 50 percent Fibonacci retracement level of the previous swing from the low of $0.2834 to the high of $0.3089 also acted as support for the coin.
At the time of writing, XRP USD price is supported at the 30 cents level. On the upside, the immediate hurdle of the coin is at the 31 cents level. The digital currency needs to break over this level to amass more gains towards the 35 cents level.
XRP (XRP) Price Today – XRP / USD
At the press time, XRP USD live price is $0.30394 after a decrease of less than one percent over the past day. The current market cap of the digital currency is $12.7 billion. The trading volume of XRP over the past day is $960.5 million.