XRP Payments Reach Highest High Since 2017, What Does This Mean For The Price Of XRP And The Future Of Ripple?

Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price

Ripple has been getting a lot of wins recently. From new partnerships to endorsements from public figures, the company is determined to reach mass adoption in the next few year. This morning, every digital asset investor on the XRP rich list was excited when Ripple released a chart indicating that XRP payments have reached their highest highs since before the 2017/2018 cryptocurrency bull run. In our XRP news today, we are going to talk about this rise in XRP payments and what it means for the XRP price prediction 2019 and the current price of XRP.

XRP News Today – Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Payments Reach Higher Highs

Shortly after Ripple shared the news, the information was collaborated by an analyst at StrongMarket, Cryptopolis. The analyst said;

“Breaking: XRP payments on the XRP charts is the highest it’s been since before the bull run in 2017.”

Another reputable member of the cryptocurrency community Galgitron, agreed with Cryptopolis. In his words;

“Massive spike in micropayments. No idea what it’s about, but it could very well be just one actor, so don’t lose your mind. Remittance-size payments volume still high, big weekend drop suggesting at least some utility. If this weekend is similar, really encouraging.”

The XRP payments chart revealed by Ripple showed that on the 22 of May, XRP payments was 104,653. This is a little lower than its all-time high of 118,756 which it reached during the cryptocurrency bull run in 2017. At the time, the price of every cryptocurrency, starting with Bitcoin, was surging against the USD. This includes XRP. Unfortunately, the bull run was followed by a cryptocurrency winter. During this time, the XRP payments reduced significantly falling as low as 52,375 in September 2018. In January, the XRP payments fell lower to 49,079. In May, digital asset investors on the XRP rich list lost hope when that figure hit a low of 16,818.

XRP News Today – Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – Why Are XRP Payments Rising And What Does It Mean For The Price Of XRP

There are many possible factors that have influenced the rise in XRP payments. For starters, Ripple released Xpring, just before xRapid in 2018. Xpring is a Ripple funded project that aims at promoting the development of the XRP ecosystem by investing in startups that want to create products and services. Apart from this, XRP also got integrated in Microsoft’s Outlook and the XRP army has been calling for its integration in Skype, Chrome extension, and Gmail.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.290
-2.06%

There are many other reasons why XRP payments increased over the last few months but it all boils down to an increase in adoption. More people learned about XRP and started using it because of its speed and security. The more XRP payments increase, the closer Ripple will be to achieving its goal of dominating the payment settlement sector. This will increase the demand for XRP which will eventually lead to a surge in price.

At the time of writing, the price of XRP was $0.385192. This means that it is up by 3.62% against the USD and down by 1.22% against the price of BTC. The trading volume over a 24 hour period is $1,670,630,089 and the market capitalization is $16,223,027,988. Mass adoption can drive the price of XRP back to its all-time high above $3. It will even have the potential to gain more.

What do you think about the XRP price prediction 2019 in our XRP news today? What effect will the increase in XRP payments have on the price? Share your thoughts in the comment 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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