XRP May Be Getting The Boost Of A Lifetime As Brad Garlinghouse Hints On Partnership Between Ripple And The European Central Bank

ripple xrp price analysis

Ripple and XRP have had a tough journey. From one scandal to another, the XRP news is typically about how Ripple and XRP are under backlash. The funny thing about the negative press XRP is getting is that it’s not affecting Ripple’s partnerships with major financial institutions. Most of the negativity channeled towards Ripple and XRP come from the retail investors in the cryptocurrency community and not from Ripple’s primary target – the institutions. It is the interest of institutions that will determine if the XRP prediction 2019 will remain bullish or not. Recently, Brad Garlinghouse, the CEO of Ripple, hinted that the European Central Bank may be considering a partnership with Ripple that will required the use of XRP.

Ripple News Today – XRP Price Analysis – XRP Price Forecast – XRP/USD News – XRP Price Prediction 2019 – Is The European Central Bank About To Use XRP?

It all started when the official Twitter handle of the European Central Bank posted about cryptocurrencies. The tweet was as follows;

 

“Occasional paper: Crypto-Assets – Implications for financial stability, monetary policy, and payments and market infrastructures https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op223~3ce14e986c.en.pdf.”

 

Quoting the tweet, Garlinghouse said;

 

“Great to see @ecb come out with a clear POV on crypto assets – notably, that XRP is recognized as one of the most important in terms of usage, market cap and business model diversity.”

 

Since Garlinghouse spends most of his time trying to get institutions to use Ripple protocols, it’s understandable that he would want to flaunt such a post. While the blog post by the European Central Bank didn’t state that they will be using XRP or any other technology by Ripple, it acknowledged the efficiency of XRP in today’s financial system.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.292
1.95%

The bank clearly stated that cryptocurrencies are good investments pointing out the benefits of investing in an asset like Ripple. Keep in mind that this isn’t the first time a reputable financial institution is praising Ripple. A while ago, according to our XRP news, the World Bank stated that Ripple’s technology is pushing traditional financial giants like SWIFT to innovate and explore distributed ledger technology. The international Monetary Fund also acknowledged Ripple’s potential.

XRP Price Prediction 2019 – XRP News Today – Ripple News Today – What Will Happen If Ripple Teams Up With The European Central Bank

The price struggle of XRP is no longer news. Until recently, the price of XRP was not able to gather enough momentum to surge above the $0.44 level after trading in the $0.30 level for months. At the time of writing the price of XRP was $0.39110. This means that it is down by 1.18% against the USD and down by 0.46%. The trading volume over a 24 hour period is $1,785,706,781 and the market capitalization is $16,472,218,636.

If the European Central Bank partners with Ripple to use XRP, the XRP price prediction will be bullish. This is is because such a partnership will lead to mass adoption of XRP by institutions and retail investors.

What do you think about the XRP news today? Is there a chance of a partnership between the European Central Bank and Ripple? Kindly comment on the section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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