XRP Price Is Still Struggling Below The 40 Cents Mark Despite the Recent Efforts of Ripple

XRP (XRP) is one of the major players in the digital currency space. However, the recent price trend of the digital currency has not been really impressive. Many digital asset investors are expecting more from the digital currency due to the enormous effort of its parent firm – Ripple. XRP price is still struggling below the 40 cents mark, which is currently its major hurdle point. XRP has not been following the same trend as other digital currencies lately. The digital currency usually embarks on its own price rally when other digital currencies are moving sideways.

However, over the past week, XRP has not had any major upward correction. The digital currency has been trading in a tight range. At the press time, the world’s largest digital currency by market cap – Bitcoin (BTC) – is deep in the green and it is trading close to the $13k level. However, Bitcoin (BTC) seem to be on this journey alone as the majority of coins in the market are still deep in red at the time of writing. Nevertheless, other digital currencies such as Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) recovered a bit over the past few days. But XRP is still struggling to break over the 40 cents level, which is somehow troubling some digital asset investors.

Ripple Spent $500M in XRP Projects via Xpring – XRP Price Prediction 2019 – Digital Asset Investors – Cryptocurrency Market Update

Ripple has put so much effort in boosting the recognition and global adoption of XRP (XRP). Ripple is a payment processing firm based in San Francisco and some of its products use XRP to process transactions. Recently, the San Francisco-based blockchain startup spent $500M in XRP projects through Xpring. The firm spent this among across twenty different blockchain firms. The aim of Ripple is to support firms that are contributing to the growth and development of the XRP network and also developers that are working on more use cases for the digital currency.

Ripple has also partnered with several institutions, banks, and merchants across the globe. Most of these top banks are now using Ripple’s XRP-based product – xRapid – to process transactions. When it comes to transactions, XRP is very fast, cheap, secure, and convenient.

Ripple Is Focused on Adoption and Development of the XRP Network, Not Hype – XRP Price Prediction 2019 – Cryptocurrency Market Update

Ripple is more focused on the adoption and development of XRP rather than generating hype around the project. This is indeed a smart move as the adoption of XRP would result in a significant increase in its price in the near future. However, the efforts of the firm seem not to be showing off on the price of XRP at the moment, but it will definitely pay off in the near future.

XRP price has the potential to skyrocket in the long run. The digital currency has a lot going on around it. If Ripple continues in this trend, which they plan to, the price of XRP will head to the moon soon.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.291
0.563%

The immediate resistance of the digital currency is the 40 cents mark. At the press time, XRP USD live price is $0.3954 after a decrease of about one percent over the past day. XRP (XRP) is currently supported at the 39 cents mark, but it might plunge below that level if it fails to break over the 40 cents mark soon.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

1 COMMENT

  1. Hard work pays off. XRP does something that will affect many directly or indirectly. Lower costs of international banking will affect the bottom line of every business at the end of the day. The strategy is excellent. It’s is just a matter of time when XRP will be rewarded for the tedious and hard work.

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