XRP Will Be Used By Frank Muller Along With Bitcoin And Ethereum – Will XRP Recover?

XRP has been struggling to gain the heart of cryptocurrency investors across the globe. After tons of partnerships with technology firms, Ripple will have another collaboration with a luxury watchmaker.

Recently, Frank Muller, a Pioneer luxury watchmaker, has announced that it would soon use Ethereum, Ripple and other top five cryptocurrencies in its cryptocurrency wristwatches. The first model of this luxury cryptocurrency watch is called Encrypto and it is Bitcoin enabled. It was done in collaboration with Regal Assets and it is just the first in a new line of exotic watches.

Ripple XRP News – Luxury Cryptocurrency Watch Encrypto

According to the announcement on Today’s Gazette, the watch is embedded with two deep cold storage sets and a unique public address. The address is etched on the dial. The dial was created using the same QR code Satoshi Nakamoto used to create the Genesis Block address. It also has a sealed USB that contains the private keys. The public wallet address is in a QR code in the frame of the watch. Each user can customize the brand and add a dial. The watch comes with cold storage that accepts the only Bitcoin for now. In the future, the company will add XRP and other top assets. The cold storage is completely secure so users will not need to worry about hacking.

This wristwatch is going to help boost cryptocurrency adoption on a global scale. Apart from the fact that it would create more awareness for cryptocurrency assets, it is also going to help increase the value of assets because people will be more likely to hold rather than sell since the storage cannot be hacked.

Ripple XRP Prediction 2019

Even if the Ripple network is efficient for banks, many members of the cryptocurrency community still don’t trust Ripple or the XRP token. With these sort of use cases, there will be an increase in the adoption of XRP and this will lead to an increase in price. People will put more faith in Ripple and its XRP token.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.262
-1.16%

The price of XRP struggled within the $0.28 and $0.30 range for days before it finally moved higher against the USD after the Coinbase Pro announcement. At the time, XRP managed to surge as high as $0.44 where it met resistance. Since then, the price of XRP has been falling lower against the USD and against the price of BTC. To be fair, almost every cryptocurrency is suffering at this time.

Ripple XRP Price Analysis

Ripple is presently signing many partnership ventures. As for 24th May, the price was at $0.38. The charts of XRP are showing a remarkable recovery on May 24, 2019.

If the price surge continues, then XRP will definitely touch a high of 0.45 by the end of 2019. In the coming two years, we can predict a hike of 2% – 3% in the price of Ripple blockchain coins.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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