XRP To Reach Mass Adoption In The Middle East As Major Banks Prepare To Drive XRP Adoption, Will This Boost The XRP Price Prediction Or Is XRP Dead?

ripple xrp price analysis

XRP price prediction 2019 stopped reflecting the progress of Ripple and all the positive XRP news long ago. While the XRP token and xRapid technology is making waves around the globe, the price of XRP has been stuck in the descending trendline for weeks. Even as the entire cryptocurrency market records bullish gains against the USD, the price of XRP and the XRP price prediction 2019 are still bearish. This is why it’s not a surprise that digital asset investors on the XRP rich list now refer to XRP as a stablecoin. Even if the XRP price prediction is bearish, more positive XRP news and xRapid news have been reported today. According to the XRP news on Today’s Gazette, major banks in the Middle East are willing to use Ripple’s xRapid technology. What does this mean for the XRP price prediction 2019?

XRP Price Prediction 2019 – XRP News Today -Is XRP Dead? XRP Makes Waves Amid A Bear Market

As reported in our XRP news yesterday, Ripple, xRapid and XRP have continued to gain global recognition as the future of remittance. Ripple was mentioned in a French television show alongside Bitcoin, Litecoin and Ethereum. The members of the XRP rich are still excited about this. Now, Ripple and XRP is gradually reaching mass adoption in the Middle East and this may affect the XRP price prediction 2019. Right now, more than fifty financial institutions in the Middle East have declared their interest in Ripple’s xRapid and XRP. This is because xRapid is faster and more efficient than the traditional cross-border remittance method.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.242
0.310%

The CTO of Al Ahli Bank of Kuwait, ABK bank, recently talked about why banks in the Middle East have developed interest in Ripple’s xRapid and XRP. During an interview, he said that transactions on Ripple’s xRapid are fast and efficient taking only a jiffy as he described it. Most of the banks that are considering xRapid and XRP are current using SWIFT. You’ll recall that Ripple’s primary purpose is to over take SWIFT as the leading provider of cross-border remittance services in the world.

So far, 10 out of the 200 financial institutions using Ripple’s xCurrent have implemented xRapid and, in extension, XRP. While xCurrent allows banks to correspond with each other during cross-border remittance, it doesn’t require the use of XRP like xRapid. Notwithstanding, the fact that some banks are already using it and others have shown interest in using it shows that xRapid has disruptive capabilities. This would influence the XRP price prediction 2019 and beyond.

XRP Price Prediction 2019 – XRP News Today – Is XRP Dead – Current Price Of XRP – XRP Will Reach Global Adoption

While xRapid is gaining ground in the Middle East and around the world, XRP is also going to gain increased adoption with the upcoming upgrade by Ripple. Ripple is working on customer integration that would allow users of xCurrent to automatically use XRP without going through any protocol change. This move is certainly going to drive adoption for XRP and eventually improve the price of the token.

At the time of writing, XRP was trading at $0.304819. This means that it is up by 1.52% against the USD and down by 3.28% against the price of BTC. The trading volume over a 24 hour period is $1,109,722,071 and the market capitalization is $12,828,944,435.

What do you think about the XRP price prediction 2019 in our XRP news today? Will XRP recover due to an increase in adoption or is XRP dead? 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.

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