Following the recent news surrounding the Ripple community to improve its ecosystem, XRP may activate a bullish mode considering the coming fork which may spring forth the price of XRP to an unimaginable value. Meanwhile, XRP has been technically roaming around the $0.26 mark over the past few days now, which suggests a big positive wave in the air.
Considering the Ripple’s use case (which is aimed at cross-border payment) has been mostly adopted by numbers of prominent banks across the globe. The virtual cryptocurrency is likely to ease the reliance on the US dollar in terms of bank transactions, tax payment, loans, bonds, and other money-related issues. If any digital currency should be used as a reserve currency, Ripple’s XRP may answer all questions that may arise as regards that.
According to a twitter user and XRP investor CryptoBtitlord, the XRP forking has made its way to Forbes as the big news might give strength to the market and making the market to halt the serious price dump which has caused the trading to record the second half of the year low at $0.24. More so, heavy demand is likely to trigger a pump for XRP if the buyers can turn up in the market.
Among the major crypto projects, XRP, the 3rd cryptocurrency by market cap is yet to make a significant recovery over the past months as the last 24-hours price change records 1.05% loss, causing dissatisfaction among the Ripple’s XRP community. However, the RippleOne by Ripple may begin to gain more massive adoption by the financial institution, investors, traders amongst others to bring digital and blockchain technology into the financial world.
Unlocking a bullish run for Ripple (XRP), the digital currency need to start gaining acceptability and stability for the efficacy of its uses case which is most likely to global bearish sentiment to a positive one. Another thing is that the past the XRP price dump is causing a lot of FUD amongst its community and users as this is likely to marginalize if the XRP fork takes place.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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