Ripple (XRP) is slowly becoming known for playing for both teams so to speak, as we can see the Ripple Foundation working on behalf of getting their technology xCurrent and xVia “out there” while taking Ripple Ledger into the mass adoption. On the other hand, Ripple exists in form of a digital asset that has its value in the market while proudly making the third-top coin in accordance with the global coin ranking list. In case either one of those would go to oblivion, the other will probably survive. However, the fact is that both worlds, the technology and the price in the market, can be often very tightly related. One is for certain; there are a lot of reasons to consider owning XRP in 2018.
Why Consider Investing in Ripple
Although Ripple (XRP) is openly pushing xCurrent and xVia into massive adoption, while notably neglected their system xRapid, which is the only system in their network that actually needs XRP, we can’t say that XRP and Ripple are not depending on each other.
It is the opposite, although without the “quite” part before the opposite. The foundation behind Ripple has already stated multiple times that they are more interested in promoting their technology over promoting their digital asset as a coin, XRP is doing pretty well in the market being the third-best crypto on the global coin ranking, although far from its record price of around 3$ at the moment.
Moreover, although not lobbying for their own XRP over the technology the Ripple team represents, it is more than evident that even in Ripple wasn’t able to get to the banks and financial institutions like Santander and Western Union, XRP, its native coin, would still be able to survive thanks to the users that made XRP the third most wanted crypto in the first place.
Ripple (XRP) has often been criticized for not being decentralized too, as the company behind the asset seems to be too involved into the governing process of the network, which is everything opposite from the idea of decentralized blockchain based ecosystems.
However, if you think about it, Ripple is also decentralized too, as XRP exists as a decentralized value that is solely being governed by the needs of the market and nothing more.
In addition to its flattering position in the market, XRP is not known for any price pumping schemes, so its price is progressing in accordance with market trends, as well as dropping with the currents of decreases.
Ripple and XRP aren’t that Far
Despite the fact that many crypto enthusiasts are pointing fingers at Ripple foundation for being centralized and for neglecting XRP as a coin in the terms of promoting Ripple technology, they are forgetting that the Ripple wouldn’t have created XRP if it wasn’t any good.
Even though the banks are accepting xCurrent and xVia, which in reality don’t require XRP in order to be functional, xRapid still supports Ripple, while the good name of banks and financial institutions, as well as big companies like Wal-Mart, are speaking in the name of XRP as well promoting it as a prominent investment behind a prominent technology that is already finding a way towards the mass adoption.
So, having big names like Western Union and Wal-Mart are definitely perks for XRP as well as for Ripple.
Ripple Will Get You Where You Want
Thanks to the focus on their technology, which is often criticized by holders, Ripple has managed to come up with a scalable system with the ability to make fast transactions with XRP, which makes it even more desirable for investors, holders an regular users as they can make their transactions anonymously, with ease, secure and fast.
On top of that XRP seems to be making pretty stable moves in the market as well so it presumably makes up for a rather stable coin in the market which means that the coin didn’t have any major pitfalls in the market outside the market trends.
Basically, XRP holders can rely on the technical fact that XRP will get them where they want as they can make fast payments while using a secure and safe network; while investors can make sure that they are partially immune to losing their investment.
Ripple in the Market
With the latest change in the market, Ripple (XRP) is seen climbing up by over 8% against the dollar in the last 24 hours, as marked at the beginning of May 30th.
After the most recent change in the market, XRP can be traded at the price of 0.60$.