Cryptocurrency and blockchain technology is on the rise at a slow but steady rate. Ripple is one blockchain firm that shows no sign of stopping. Those already invested in such technology will have a story to tell of how the market can sometimes swing in or against them.
It’s pretty common as we’ve observed over a decade now, that some digital assets come up but fail to cement a position. Therefore, new folks looking at the crypto space aiming to jump into the ship will surely want to know about what may happen to some of the current giant cryptos.
One of them is Ripple blockchain and its digital currency, XRP. For any investor, it’s almost apparent being unsure whether or not a digital asset is promising.
So, what is the Path of Ripple XRP?
At the moment, it can be easily said that with regulation, high adoption level, and institutional investment, the future of bitcoin looks more than bright. But, what about the cryptos like Ripple’s XRP that are more industry-specific?
Do they have a clear path ahead of them as well?
One thing is that XRP is built and highly driven by the Ripple technologies which are indeed attractive to institutions, and can help any retail investor as well as retail banking customers.
Interestingly, these technologies are mostly centered in a future existing in the banking as well as the industrial sector.
Another question arises here, where does that leave XRP as Ripple grows as a project?
Perhaps, XRP may continue as an excellent investment with great focus from crypto investors, but eventually, the growth of Ripple might shadow it down.
Ripple’s technologies are clearly poised to grow because the Brad Garlinghouse’s blockchain firm has a defined and vivid ambition of being on the wheel for fast payments across the world with the cheapest as well as the most efficient way.
When that happens, it will mean that the likes of MoneyGram and Western Union will be reading the back of Ripple. At the same time, XRP will be expected to grow as well. However, the only worry can be whether XRP will finally be on hold.
Investors hold the Key
It’s no secret that XRP has the vision to hit $10 as soon as possible, but if they get pushed out of the way, then their view would be hindered.
However, understandably, investors will have a significant impact over the same. Continuous investment in XRP will push it out of risks of being stagnant in cases whereby investors stop investing.
Apparently, currently, Ripple is moving along with XRP very well with substantial financial interest; hence, XRP price dropping significantly is unlikely. Given that Ripple will surely grow; the future of XRP as well is a promising one. Nevertheless, time will tell us all what’s ahead, but the blockchain firm’s tech would more likely be a game changer not only in the crypto market but the international remittance sector too.
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.