{"id":376526,"date":"2019-03-30T18:22:11","date_gmt":"2019-03-30T18:22:11","guid":{"rendered":"https:\/\/wncen.com\/?p=376526"},"modified":"2024-06-11T18:29:18","modified_gmt":"2024-06-11T18:29:18","slug":"bitstamp-bitso-ripple-xrp-volumes-spike-will-prices-follow-suit","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitstamp-bitso-ripple-xrp-volumes-spike-will-prices-follow-suit\/","title":{"rendered":"BitStamp, Bitso Ripple (XRP) Volumes Spike, Will Prices Follow Suit?"},"content":{"rendered":"
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Ripple prices up 1.3 percent <\/em><\/li>\n
Volumes surge as xRapid benefits flow<\/em><\/li>\n<\/ul>\n
Bitstamp, Bitso, and Coins.Ph XRP related volumes are surging. As a results, it could support Ripple (XRP) prices as xRapid is now commercially available. Now that prices are steady in a bullish arrangement, it is likely that prices will break higher towards 40 cents as our trade conditions come to live.<\/em><\/p>\n
Ripple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
We are in the early stages of a remittance revolution. Banks changing their time-tested systems in response to new technology seldom happen. They need evidence of efficiency, and Ripple Inc is fronting a solution that promises to change status quo and change the lives of the unbanked and those who pay intermediation fees cutting deep into their earnings.<\/p>\n
Good news is more and more banks are reaping benefits of leveraging xCurrent or xRapid. The latest to join the fray was Federal Bank, the sixth bank from India to upgrade and settle on Ripple solutions. We are yet to determine which of the three options they prefer but should they choose xRapid then XRP prices could increase in response.<\/p>\n
Already, XRP prices are inching higher, reversing from current lows now that xRapid as a liquidity provider is commercially available. Keen XRP enthusiasts discovered a spike in transaction levels between BitSo, Bitstamp, and Coins.Ph, two of Ripple Inc recommended exchanges. Bitso facilitates transfers between the US and Mexico while Coins. Ph opens up the US\u2014Philippines corridor with Bittrex as well as BitStamp facilitating USD conversion via xRapid.<\/p>\n