Three Factors That Are Affecting The Price Of Ripple’s XRP
Ripple’s XRP managed to attract increased interest from a lot of crypto investors in 2018.
The year is about to end, and it’s important to note that even if Ripple’s XRP is not particularly swayed by opinions in the crypto sphere, it still plans to increase its value.
Such a thing would definitely pave the way to more successful accomplishments.
Three essential factors are contributing to the growth of Ripple’s XRP.
You might be wondering how can regulation affect the fortunes of Ripple’s XRP.
Though Ripple’s XRP is not regulated, enforcement of regulations by central banks and governments could definitely support an increase in its value. Ripple has reportedly called on governments to regulate the coin.
It’s also worth noting that regulation could increase adoption. More users and businesses would be interested in the cross-border payments solutions.
As more users, would flood the system, there will be an increase in the transaction number, and this might set the coin on a bull run.
The blockchain tech has been the foundation for many decentralized projects such as Ripple. But Ripple uses a separate ledger that allows transactions.
Ripple broke off from the traditional blockchain foundation to have a ledger of its own in order to be faster.
More and more banks are attracted to Ripple’s technology, and that’s why they use xRapid and xCurrent.
Ripple also plans to disrupt existing payment services such as SWIFT.
The media hype can help bring people closer to adoption.
The positivity of the media channels and their interest in Ripple’s payment solutions are one of the factors that could trigger a bun run for the coin.
As a conclusion, it’s safe to say that Ripple’s tech, press coverage and expected regulations from financial institutions and governments will inevitably trigger positive changes that will affect the value.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.