{"id":377682,"date":"2019-04-08T19:00:48","date_gmt":"2019-04-08T19:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=377682"},"modified":"2024-06-11T21:14:37","modified_gmt":"2024-06-11T21:14:37","slug":"will-ripple-xrp-drop-to-34-cents-xrapid-and-building-determiners","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/will-ripple-xrp-drop-to-34-cents-xrapid-and-building-determiners\/","title":{"rendered":"Will Ripple (XRP) Drop to 34 Cents? xRapid and Building Determiners"},"content":{"rendered":"
Chris Larsen is part of the IMF Advisory Board, remains the co-founder of Ripple and recently donated $25 million in XRP at the San Francisco State University. Whether that will elevate Ripple Inc profile, we are not yet visible but what is clear is that Ripple (XRP) buyers are back.<\/em><\/p>\n Not surprising, Ripple is actively building and on the other, they are striking partnerships, and financial institutions can leverage on their network for cost cuttings and efficiency. And this is understandable. As a network that seeks to dislodge the incumbent in SWIFT, it must go the extra mile, and that means being aggressive in their negotiation, on-boarding new members and be regulatory compliant.<\/p>\n They have been successful in the first two, and now that some of Ripple\u2019s key members as Chris Larsen are working with global players like the IMF, we expect the company to prioritize compliance over everything else.<\/p>\n After all, for the adoption of xRapid, a solution that makes transactions faster and more efficient, more so after the launch of Cobalt, there should be clarification on whether XRP is a utility or an investment contract.<\/p>\n Last week and as a show of good will, Chris Larsen and his wife donated $25 million worth of XRP<\/a> at the San Francisco State University, funding which will go towards supporting students as they become \u201cchangemakers of local and global entrepreneurial and fintech ecosystems.\u201d<\/em><\/p>\n <\/p>\n Thus far, Ripple (XRP)\u2019s performance is average, adding 14 percent in the last week. However, we expect XRP bulls to flow in now that the third most valuable asset is trading within a bullish breakout pattern against the USD. All this is visible from candlestick arrangements.<\/p>\nRipple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangements<\/h3>\n