XRP Payments Surge Above XRP Trading Volume, What Does This Mean For Ripple And XRP? XRP News Today

ripple xrp price analysis

XRP News Today – In our previous XRP news, we talked about how the XRP trading volume was being manipulated by exchanges that wanted to attract more clients. Ripple, the company behind XRP, recently announced that it is taking a firm stance against reporting of fake trading volume. They also encouraged the rest of the cryptocurrency community to do the same thing. Today, a member of the XRP army took to Twitter to note that the XRP payments have now exceeded the XRP trading volume. What does this mean for Ripple and XRP? Is it good of bad news? How will it affect the XRP price prediction 2019? 

XRP News Today – Ripple News Today – XRP Price Forecast – XRP Price Prediction 2019 – XRP Payments Cross XRP Trading Volume

The Twitter user with the handle @Cotswold Gent said that the XRP payment volume on XRP ledger is now more than the XRP trading volume that is being recorded on exchanges. He said that this is the first time such a thing is happening in the history of XRP. In his words; “@Cotswold_Gent

So in the 2 years I have been following #XRP I don’t I have ever seen 24hr payment volume higher than 24hr traded volume. Something BIG is coming!!!!”

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.294
-4.54%

Shortly after he made the comment, other members of the XRP army started talking about what it means. Many of them suggested that this payments moving above exchange volumes means Ripple has something great in store. Some also said that this isn’t the first time such a thing is happening with XRP. Part of the payment volume that was recorded was internal data from Ripple. It was cumulated by xrpcharts.ripple.com.

Ripple has been selling a lot of XRP so the rumors about the Silicon Valley tech company working on something new aren’t new. There have been speculation that a game changing project that would increase the XRP use cases is coming soon and Ripple is selling XRP to raise funds that would be used to finance the project. More use cases for XRP means higher demand for the token. This would eventually translate to an increase in price.

XRP Price Prediction 2019 – XRP Prediction 2019 – Current Price Of XRP – XRP News Today

At the time of writing, the price of XRP was $0.397999. This means that it is up by 0.28% against the USD and up by 0.29% against the BTC. The trading volume over a 24 hour period is $1,404,074,343 and the market capitalization is $16,788,374,124. The price of XRP is going to move higher near-term. In our previous XRP price prediction 2019, we said that XRP is primed to hit $0.60 against the USD. While it’s not yet clear when this is going to happen, there is a strong chance that it would happen soon. This is all thanks to the golden cross that is going to kick start the bullish move against the USD and Bitcoin.

What do you think about the XRP price prediction 2019 in our XRP news today? Does the surge in XRP payments mean that Ripple is up to something big? 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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