{"id":379511,"date":"2019-04-23T17:00:40","date_gmt":"2019-04-23T17:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=379511"},"modified":"2024-06-11T18:27:15","modified_gmt":"2024-06-11T18:27:15","slug":"is-ripple-xrp-fading-due-to-competitors-as-hyperledger-fabric-and-ibm","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/is-ripple-xrp-fading-due-to-competitors-as-hyperledger-fabric-and-ibm\/","title":{"rendered":"Is Ripple (XRP) Fading Due To Competitors As Hyperledger Fabric and IBM?"},"content":{"rendered":"
All in all, Ripple Inc haven been prosperous in their promotions. Banks in the Middle East, SE Asia, and India are using their solutions. Despite that, Ripple (XRP) prices are stagnant and stuck within a 4 cents range.<\/em><\/p>\n It may be seven years down the line and with more than 200 banks leveraging Ripple Inc\u2019s solutions, the blockchain start-up is successful. With Banco Santander, SBI Group, Federal Bank, Western Union and a foothold in the Middle East and Asia, investors are eager for more.<\/p>\n If anything, a measure of success would be on how financial institutions and processors respond to xRapid and XRP. The latter is the enabler that facilitates near instant payment settlement which Inter Ledger and a couple of other payment apps seek to achieve. Of the three solutions, xCurrent\u2014an option that allows end-to-end tracking of transactions is popular.<\/p>\n However, if there is a regulatory clarification on XRP and the US SEC comes forth, declaring the asset as a utility with no central point of control, then we expect processors and even banks to jump in the fray, enjoy security, transparency, and cost-cutting that XRP and xRapid tags along.<\/p>\n Nevertheless, the sphere is heating up, and IBM\u2019s World Wire, JP Morgan\u2019s JPM Coin designed for institutions as well as its Hyperledger Fabric<\/a>\u2014in use by firms featured in Forbes Blockchain 50 List promise to slow down progress as clients do have options.<\/p>\n <\/p>\n Price wise and Ripple (XRP) is bouncing off the 30 cents support. Even so, prices are ranging within a 4 cents zone and yet to break off above the 34 cents buy trigger line.<\/p>\nRipple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n