XRP Closing In To Yearly Lowest: Will This Be Temporary?

Since mid-November the rigorous digital-coin selling continues. Bitcoin BTC/USD broke the important $3,500.00, with Ethereum ETH/USD following below $100.00

The just debuting [Bitcoin Cash Hard Fork] Bitcoin SV [BSV] is the only gainer in this heavy market plunge which is welcoming an increase of 20.94% only in the past 24-hours.

The 5th spot by market cap which was believed to be occupied by Bitcoin Cash [BCH], due to the latest BSV gain, was taken by Bitcoin SV. The Bitcoin Cash hard fork, which resulted in rival currencies Bitcoin SV and ABC, led to a “hash war” that nearly caused a destruction to the whole industry.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.288700
2.00%

The second only to Bitcoin – XRP is going through a fore-told double digit loss per press writing. The speedy XRP is trading just above the supportive $0.3000 against the US Dollar.

For a very short while the pair broke even below the mentioned level, floating dangerously at $0.2900. If $0.3000 does not hold ground the next target could be the September lowest of $0.2640.

Bankers all over the world have suddennly grown interest in XRP. The blockchain system of Ripple offers an alternative to the traditional money transfer system, SWIFT. As a result of the high cost of international transfers, and the delays in processing transactions, the banks are growing weary of SWIFT.

If the complete potential of XRP’s usefulness is unleashed upon the financial industry, the current situation where it is fighting the violent sell-off could be a very temporary state of the digital asset.

While famous virtual coins since their debut do struggle with hard forks [Bitcoin – limiting its adoption massively with hindrances of the mentioned sort very often].

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