The poor performance of XRP over the last few months is no longer news. Between the beginning of the year and now, the price of Bitcoin has moved from the $3000 level to the $7000 level. During this time, the price of XRP has remained within the $0.29 and $0.32 range expect for the time when it managed to move as high as $0.38 in April. At first, when the price of XRP stopped gaining, members of the XRP rich list predicted that it was in an accumulation phase and would soon bottom out. The bottom was to be followed by a surge. Unfortunately, the price of XRP has neither hit bottom or surged since then. The XRP price prediction 2019 is starting to look bearish long-term. Several digital asset investors took to Twitter to suggest different ways in which Ripple can drive an increase in the price of XRP in a bid to benefit investors.
XRP News Today – XRP Price Prediction 2019 – Ripple News – How Can Ripple Increase The Price Of XRP?
According to all the suggestions, Ripple needs to increase the use cases of XRP if the price of the token is to go up for the benefit of investors. One user talked about using XRP as a bridge. According to him, the world is becoming a global village and people from different locations have a playing field to compete and succeed. Using XRP as a bridge would make the playing field more even. Members of society would be able to transfer value from one point to another at an affordable price.
Another user suggested that Ripple needs to get an increase in adoption for the XRP token. The only way to increase adoption is to create more mainstream use cases. Everyone should be able to access the XRP token and use it for daily payment settlements rather than strictly cross-border settlements. The second user also noted that Ripple is still far from achieving its overall goal because only a few banks are now using its xRapid technology which requires XRP. Even if about 200 banks are using RippleNet, most of them are using xCurrent which has little or nothing to do with XRP. Ripple needs to put more effort into recruiting banks to join its network and use xRapid.
XRP News – Ripple News – XRP Price Prediction 2019 – Current Price Of XRP – XRP SEC Challenges
Regarding getting more banks to use Ripple’s xRapid, one of the challenges the company is facing is regulatory uncertainty. The XRP SEC saga has been hovering above the name Ripple for a while now. There have been some claims that the XRP token is a security. The SEC is yet to say anything about the XRP security status and this is hindering adoption. Many banks are trying to avoid getting into trouble with the SEC by staying away for Ripple altogether. If there is some regulatory clarity, XRP will get a boost per adoption and price.
XRP (XRP) Price Today – XRP / USD
At the time of writing, the price of XRP was $0.310806. This means that it is down by 0.84% against the USD and down by 4.79% against the price of Bitcoin. The trading volume over a 24 hour period is $2,410,521,505 and the market capitalization is $13,095,291,998. The next few days will determine if the price action of XRP will change.
What do you think about the XRP price prediction 2019 and XRP news today. Will getting more use cases for XRP lead to a surge in its price?