One of the top digital assets this year has been XRP (XRP). Without a doubt, XRP so far has impressed most of the crypto enthusiasts. The crypto market has kept on stumbling this whole year. But, considering such circumstances XRP has performed exceptionally well. Cryptocurrency is a new industry and the market is still premature and is yet to grow and advance further. Keeping such facts in view the users and investors need to be a bit patient and give some time to the crypto market to stabilize itself.
Having a look at XRP’s market performance, the digital asset has also suffered along with the market, but being on the positive side the market has also benefited XRP. If Bitcoin (BTC) wouldn’t have dropped this much, XRP might not have got the chance to reach up to the second spot. Couple of months ago XRP overtook Ethereum (ETH) for the second spot twice but couldn’t capitalize it for a longer time. But this recent bear market gave a chance to XRP to surge to the second spot and this time around XRP looks to stamp its authority at the second spot. We can hope it stays there because use XRP is becoming a sensation among crypto users.
Ripple is innovating and enhancing the banking technology and if Ripple keeps a stronghold in banking system around the world and it would do wonders to the banking system. But it will also do much more for XRP in the market because XRP is the asset which is being used for the transferring of payments. XRP is using Ripple’s xRapid and xCurrent for transactions. At the moment, most of the top banks around the globe have admired Ripple’s technology and have adopted it. This is a huge booster for XRP.
Ripple wants to make an impression in every region of the world and that’s why they are partnering with different banks and firms around the globe. Recently, Ripple was adopted by the national bank of Kuwait, move over it has also entered UAE where they are about to set their center in Dubai. After conquering America and Europe, Ripple has decided to conquer the Middle East and Asia. According to Ripple’s Head of Regulatory Relations for Europe, Dan Moran said that it is still very early, but Ripple sees the biggest appetite in Asian markets, in terms of demand (remittance demand). He added that it’s the cloisters that are under-served due to correlation banking which is too costly. So, Ripple smells the hunger of the Asian market.
At the time of writing, XRP (XRP) has dropped up to –3% and it was trading with a price of $0.36 USD with a market cap of almost $15 billion. The trading volume of XRP was around $345 million.
No matter what this bear market has to finish one day and that day is not far ahead. Ripple is really a price booster for XRP and in coming years we will see Ripple helping XRP taking over the market and becoming the top crypto. The coming years for XRP are very bright and keeping in mind the technology behind XRP and its performance this whole year the users have a right to go bullish on XRP. This is the best time to invest in XRP because it can make them million and billionaires, just like Bitcoin’s rise made its investors billionaires.