For the 1st 6 months, Ripple has been more or less constant. As a result, it has not been able to get a significantly higher amount of traction. Currently, it is trading around $ .55. If you look into the performance of the ripple from the start of this year, you will realize that it has lost a significant amount of value. In fact, it has lost almost 70% of its value from the peak. This is the reason why investors are just in the wait and watch mode when it comes to ripple.
USD / XRP Price Today
According to some of the experts, this might finally be the year in which ripple increases significantly once again. There are still 6 months remaining during which it can rise exponentially. There are a few reasons why ripple can increase significantly. We will highlight some of these reasons below.
Solving the problems in the finance industry:
Ripple protocol is able to help the banks, as well as financial institutions, transfer the money from one place to another within seconds. The fees which are charged are also on the lower side. Also, the transaction time required to complete the transaction is just 3.3 seconds. This clearly indicates that Ripple is actually solving real-world problem. As a result, it is sure to gain more traction.
Listing on multiple platforms:
Ripple has been listed on multiple platforms like the Revolut. As a result, it is able to gain more and more traction as well. With increased listings, the volumes also increase. This increases the demand for Bitcoin as well. As a result, it becomes easier for users to invest in ripple. When the demand increases, the prices will increase as well.
Xrapid is a solution which is developed by ripple in order to ensure that there is no liquidity issue. Currently, it is testing the solution. If indeed, the liquidity issues are completely eliminated, the price of the cryptocurrency can increase significantly as the demand of the cryptocurrency will also increase. This is the reason why you should think about investing in ripple.
Thus, if you’re looking to invest in a cryptocurrency which has a huge potential this very year, you should definitely be looking at ripple. Also, the partnerships of Ripple are increasing all over the world. This is another reason why it is gaining momentum. Keyword: Ripple, XRP, price movement, xRapid