{"id":377357,"date":"2019-04-05T18:00:33","date_gmt":"2019-04-05T18:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=377357"},"modified":"2024-06-11T21:14:40","modified_gmt":"2024-06-11T21:14:40","slug":"ripple-xrp-racing-after-world-bank-recognition-xrp-etp-launch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-racing-after-world-bank-recognition-xrp-etp-launch\/","title":{"rendered":"Ripple (XRP) Racing After World Bank Recognition, XRP ETP Launch"},"content":{"rendered":"
Boerse Stuttgart\u2019s NGM did launch two ETPs tracking the performance of Ripple (XRP) and Litecoin. The XRP Tracker One allows investment without exposure and risks of owning the underlying asset and is regulated meaning broadcasting exchanges are under the microscope. A day after launch, XRP is up 6.8 percent, outperforming Bitcoin (BTC) and Ethereum (ETH).<\/em><\/p>\n After three, or even five months of consolidation, Ripple (XRP) is back to the limelight. By leading the surge, the third most capitalized coin is now up 6.8 percent from yesterday\u2019s close and is benefiting from Bitcoin lift-off. But it has not always been like this. Despite market supporting fundamentals and Bitcoin printing higher highs in the last couple of weeks, Ripple was mostly unchanged. Luckily, there are many reasons to be optimistic.<\/p>\n A standout is a recognition by the World Bank and the mentioning of cost savings and speed of xRapid. As a solution that seeks to change status quo benefiting the end user, the global financier notes that Ripple\u2019s solution has the possibility of impacting people\u2019s lives positively. Being one of Ripple’s core product, xRapid do leverage XRP as a medium of exchange. The digital asset, in a recent Weiss Ratings survey, turned out to be more popular in the US than Bitcoin.<\/p>\n From these developments, Nordic Growth Market (NGM) operating by Swiss\u2019s FSA rules, seeks to take advantage of the coin\u2019s popularity by availing an exchange-traded product (ETP) based on XRP–XRP Tracker One<\/a>, allowing investment without exposure. The XRP Tracker One has a valid ISIN Number meaning they are legit securities.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangements<\/h3>\n