{"id":373985,"date":"2019-03-08T19:00:38","date_gmt":"2019-03-08T19:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=373985"},"modified":"2024-06-11T18:11:11","modified_gmt":"2024-06-11T18:11:11","slug":"ripple-xrp-stumble-as-regulators-stay-silent-on-coin-status","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-stumble-as-regulators-stay-silent-on-coin-status\/","title":{"rendered":"Ripple (XRP) Stumble as Regulators Stay Silent on Coin Status"},"content":{"rendered":"
As long as there is doubt on XRP status, financial institutions, as well as processors, will steer clear. Until then, Ripple (XRP) prices will be in range mode trading within tight trade channels with caps at 34 cents.<\/em><\/p>\n
Ripple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
By design, the Ripple network is in place to cater to the needs of the more than 15,000 individual banks. Their scope is broad but slowed down by institutions not ready to \u201cexperiment\u201d on user funds. With less than 300 banks, conversion rates remain low. Further making the adoption path slippery are \u201cchallenging\u201d questions about XRP, ledger\u2019s native currency.<\/p>\n