{"id":375848,"date":"2019-03-24T18:00:40","date_gmt":"2019-03-24T18:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=375848"},"modified":"2024-06-11T21:14:43","modified_gmt":"2024-06-11T21:14:43","slug":"is-ripple-xrp-crumbling-eth-gap-widens-to-1-5-billion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/is-ripple-xrp-crumbling-eth-gap-widens-to-1-5-billion\/","title":{"rendered":"Is Ripple (XRP) Crumbling? ETH Gap Widens to $1.5 Billion"},"content":{"rendered":"
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Ripple prices down three percent from last week\u2019s close<\/em><\/li>\n
Price surges depend on xRapid adoption <\/em><\/li>\n
Participation levels low and almost half that of Feb 24<\/em><\/li>\n<\/ul>\n
At third with a market cap of $12,861 at the time of press, Ripple (XRP)\u2014like the rest is under pressure. However, this has been compounded by regulatory uncertainty which is likely to be clarified next year. If the SEC has reason to classify XRP as a utility with no central control, prices will surge towards Sep 2018 highs at 80 cents.<\/em><\/p>\n
Ripple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Ripple Inc promotes three of their central solutions to financial institutions and payment processors. Of the three, xCurrent is widely used. However, if XRP as an asset is to thrive, then banks must use the xRapid network. While offering the same end to end encryption, the solution uses XRP as a means of exchange.<\/p>\n
To facilitate transactions, Ripple Inc is working with different exchanges across corridors of their interest. There is Coins.ph and Bittrex between the US and the Philippines. At the same time, there is Bittrex and Bitso between the US and Mexico corridor of which Mercury FX<\/a> is dominating.<\/p>\n