{"id":376178,"date":"2019-03-27T17:00:29","date_gmt":"2019-03-27T17:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=376178"},"modified":"2024-06-11T21:14:42","modified_gmt":"2024-06-11T21:14:42","slug":"bb-points-at-ripple-xrp-undervaluation-as-transaction-volumes-pick-up","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bb-points-at-ripple-xrp-undervaluation-as-transaction-volumes-pick-up\/","title":{"rendered":"BB Points at Ripple (XRP) Undervaluation as Transaction Volumes Pick Up"},"content":{"rendered":"
Prices may be down, but according to a recent Weiss Ratings report, adoption and technology development remains higher. Topping the list is Ripple (XRP), EOS as well as Bitcoin which appears to be inching higher and lifting XRP prices from 30 cents.<\/em><\/p>\n While there is some correlation between asset price and platform development, Weiss Ratings has counter-evidence demonstrating that last year\u2019s meltdown wasn\u2019t as adverse and adoption as well as development levels rose.<\/p>\n In their recent annual report<\/a>, the rating firm notes that XRP, Bitcoin, and EOS were despite falling prices, exemplary and worthy of the A-grading<\/a>. Thanks to increasing adoption of xRapid and xCurrent, the two inter-dependent solutions that eliminate SWIFT pain points, Ripple Inc is likely to clip part of SWIFT market share.<\/p>\n \u201cDespite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that an evolution in the underlying technology often powers these improvements. Therefore, for those willing to take the risk, the best time to invest could be very near.\u201d<\/em><\/p><\/blockquote>\n <\/p>\n Like ETH and BTC, there is movement in XRP and the third most valuable coin is up 2.8 percent in the last day. Nonetheless, the asset is down 3.1 percent in the previous week. Despite this, candlestick arrangement and favorable fundamentals will most likely fuel the next wave of bulls as prices break out from the momentum-sapping 4 cents trade range capped at 34 cents.<\/p>\nRipple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n