Ripple news: After a slow start to the week, coins on the crypto market are back in the green zone! Bitcoin (BTC) may have dropped below the $8,000 mark, but hey, we’ll take what we can get. This means Ripple (XRP) is in the green, too, after following a similar pattern to BTC the past week or so.
Can Ripple stay in the green for the rest of the week, though? The year? Before we investigate the answers to those questions, let’s first take a look at some Ripple price news.
Ripple News | XRP Price Chart
Ripple (XRP) is currently selling for $0.593204. This puts XRP up 2.17% in the past twenty-four hours.
Ripple (XRP) is still the third largest cryptocurrency by market cap.
Ripple (XRP) in 2018
Many wonder the direction Ripple (XRP) is going to take later this year. While those close to the institution praise all that they’re developing, and the real-life uses of Ripple (XRP), there are some who have questions that have yet to be answered. For instance, some are still unclear of the role that Ripple Labs plays in XRP’s performance. Further, we still do not know the outcome of the lawsuit currently investigating whether or not Ripple (XRP) is a security.
With that being said, Ripple (XRP) could very well shoot to the moon in 2018. Despite the negatives, and the lingering questions, Ripple (XRP) has its benefits, and they could be the reasons XRP could hit the target later in the year. Here are a few of those reasons.
1. It could answer some of the financial industry’s most vexing problems: For instance, Ripple offers solutions to the following issues: fees charged for each operation, and the speed of transactions.
2. Ripple (XRP) is everywhere: The coin is listed on several major exchanges, including UK-based Revolut.
3. Partnerships keep flowing in: In fact, the last one was announced last week. On May 26, Kuwait Finance House announced that it entered into a partnership with Ripple. Specifically, they will be using the RippleNet.
KFH is the First Bank in Kuwait to Join RippleNet for cross-boarder Instant Payments utilizing blockchain technology
— Kuwait Finance House (@KFHGroup) May 26, 2018
4. A lack of innovation is not a problem: Ripple seems to constantly be making Ripple news headlines, announcing one project after the other. Earlier this month, Ripple announced the Xpring initiative at Consensus 2018. Moreover, Ripple’s xRapid continues to make massive waves in the sector.
Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D
— Ripple (@Ripple) May 14, 2018
The Ripple News Takeaway
Where do you think Ripple (XRP) is headed for later this year? Keep in mind this article should not be thought of as an endorsement for Ripple (XRP). The crypto market is anybody’s game, and XRP could very well be down tomorrow. What we do know, however, is that the platform has enough innovation going on that it is guaranteed a fight before it falls completely off the face of the Earth.
Featured Image: Depositphotos/© BiancoBlue