XRP Debate On The Future: XRP Pumps Last, But The Most
Ripple has been working extremely hard to boost the XRP ecosystem, but also to push the mainstream adoption of the digital asset.
Back in 2019, XRP’s price did not see any significant moves, but in 2020, just before the March market crash, XRP managed to reach $0.33.
Anyway, Brad Garlinghouse always said that crypto fans should not only be looking at the price of a digital asset, and he highlighted the importance of other elements such as adoption and use cases – XRP is thriving in these directions, that’s for sure.
XRP investors analyze the crypto market
XRP investors are analyzing the crypto market after they had to endure an extended bear market that began back in January 2018.
While Bitcoin rallied back in 2019 and once again in 2020, XRP had remained the same, in a descending channel, although the coin hit $0.33 at the beginning of the year before the crisis began.
As you know by now, Ripple owns more than half of the total supply of XRP and it continues to have a massive number of investors, which is known as the XRP army.
Alex Cobb is an essential member of this community, and he recently pointed out to XRP’s price movements from back in 2017 when the market saw a huge bull run.
XRP was one of the last coins to rally, and it moved from $0.2430 to an all-time high of $3.84 in less than a month – this is a nearly 1,500% increase.
Remember, XRP always pumps last, but it will pump the most. Patience
— Alex Cobb (@AlexCobb_) May 8, 2020
Ripple should get more credit for its activity for the crypto space
Another important member of the XRP community, Arturo Portilla, says Ripple doesn’t get the credit it deserves for working hard in order to make the industry legit, engaging with regulators and boosting adoption in the corporate space as well.
“Someday, the anti-Ripplers will have no option but to acknowledge what the company did for the whole industry in the early days of crypto, regardless of how bad they want to see Ripple failing…” he said.
He continued and said that “The fact is that no other company (or group of companies) has spent nearly the same amount of resources, time and talent to bring legitimacy to the crypto space.”
Check out the original article posted by the Daily Hodl in order to learn more XRP enthusiasts’ opinions.
Speaking of the price, at the moment of writing this article, XRP is trading in the green and the coin is priced at $0.197549.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.