XRP has been able to maintain its position in the top three on coinmarketcap.com. This is rather impressive since the XRP price has been enduring serious sell-pressure and Ripple has been fighting the XRP SEC saga. The unclear XRP security status and the bearish pressure has caused some panic in the cryptocurrency space overtime. Digital asset investors on the XRP rich list are no longer confident about the XRP prediction 2019. However, XRP news is not just about the XRP SEC saga and the XRP price prediction 2019. Positive XRP news about Ripple’s partnership with major banks are brought to light regularly. So, is XRP a security? If XRP is a security, why are banks other financial institutions still partnering with Ripple? How will these partnerships affect the XRP prediction 2019? We would find the answers to these questions in our XRP news today.
XRP News Today – Ripple News Today – XRP Prediction 2019 – XRP Price Prediction 2019 – RippleNet Welcomes New Partners
Recently, the main financial regulator in Saudi Arabia SABB, joined RippleNet thanks to SAMA. RippleNet is made up of a group of financial institutions that support Ripple’s vision by integrating its technology. While many of the institutions are using xCurrent, SABB launched a cross-border payment service that uses xRapid and XRP. The deputy managing director institutional and corporate banking, at SABB, Majed Najim said;
“SABB provides its customers with faster, safer and more transparent cross-border payment services by the launch of “Blockchain” technology through “Ripple.” The Indian Rupee (INR) is a positive start to a future roadmap being the first currency to be activated in SABB. This plan aims to provide customers with a valuable service and link more countries and currencies in the near future.”
The price of XRP isn’t in line with its development. This is because investors haven’t gotten a clear answer to the question they’ve been asking for years; is XRP a security? Per our previous XRP news, the SEC would need to rule XRP as a security or rule it out before any significant price movements will happen. This is because, even if Ripple’s partnerships are building the confidence of investors and reassuring everyone that their vision is strong, the unclear XRP security status is still an opposition to the XRP prediction 2019. Unfortunately, we may not get an answer to this question this year from the SEC. It’s only safe to say that these big financial regulators that are partnering with Ripple have done their research properly before getting involved.
XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Current Price
At the time of writing, the price of XRP was $0.305437. This means that it is up by 0.44% against the USD and down by 3.44% against the price of Bitcoin. The trading volume over a 24 hour period is $983,225,856 and the market capitalization is $12,829,860,521. We’ve already established that the price of XRP no longer has a strong relationship with the price of Bitcoin. Right now, the flagship cryptocurrency is surging higher at $5,629.88. This means that it is up by 3.97% against the USD with a 24 hour trading volume of $15,901,814,846 and a market capitalization of $99,536,054,621.
Is XRP a security? Why is the price of XRP falling? Will the Ripple partnerships make the XRP prediction 2019 bullish? Share your thoughts in the comment section below.
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.