Ripple and its native cryptocurrency XRP have created waves in the world of digital assets with promises of a better cross border transaction system and a more seamless financial world. The supporters of XRP have also gained a name for themselves in the social media sphere and are known as the ‘XRP army.’
The far-reaching popularity of the XRP army was evidenced recently when eToro Chief Executive Officer [CEO] Yoni Assi spoke about them. Assi had stated:
“The opinion that I have about the XRP supporters might not be shared by many in the cryptocurrency market. According to me, the XRP community is one of the best because of the way they promote the cryptocurrency. Surprisingly there are a lot of people who don’t like it but it is still interesting to watch.”
The XRP army is known to be a group of people who collectively act together to promote the cryptocurrency vehemently or to defend it from its haters. The eToro official continued:
“This is the community that is always active on social media platforms and are extremely passionate about what they support. While they may not be Bitcoin maximalists or smart geeky developers of Ethereum, they are definitely a noisy group of people who are very passionate and I respect that.”
XRP was also in the news recently when its price climbed to $0.28 after a prolonged slump. The spike came after Ripple announced new partnerships that would make use of XRP’s cross border transaction characteristic. One of the significant XRO tie-ups was with Finestra, a London based financial services firm. The two companies have stated that they will work to develop a cross border payments system designed for institutional players.
Despite the recent price spike, XRP was still far away from its earlier highs. At the time of writing, the cryptocurrency was trading for $0.27, with a total market cap of $11.75 billion. XRP also accumulated a 24-hour market volume of $1.4 billion after continuous increases in moderate amounts over the past couple of days.
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