XRP (XRP) Could Be Better Than Other Altcoins And Even Than Bitcoin (BTC) – Here’s Why
Just recently, Ripple announced three new partnerships for its xRapid platform, namely, with Bittrex, Coins.ph, and Bitso, altogether helping XRP (XRP) recover from its lowest values of this year. However, Ripple’s XRP remains one of the most appreciated cryptocurrencies in the market, and there are some good reasons why XRP (XRP) could be better than other altcoins and even than Bitcoin (BTC).
Ripple’s XRP experienced a very tough time, lately, but recovered
Following the decline of the cryptocurrencies market, the XRP (XRP) dropped significantly and hit its lowest value of the year on August 14th when it traded at $0.26.
However, Ripple’s XRP recovered, mostly thanks to its most recent partnerships with the three before-mentioned cryptocurrency exchanges. At the time of this writing, XRP (XRP) is trading at $0.33, appreciating by about 6% in the last 24 hours. Also, its trading volume surged in the past day, reaching now at $530,421,600.
Here’s why XRP (XRP) could be better than other altcoins and even than Bitcoin (BTC)
Now, all the attention is directed towards Bitcoin (BTC) with its ETF still in perspective, ICE’s Bakkt crypto platform, and other news, as well. The majority of the crypto investors are expecting Bitcoin (BTC) to move significantly. When the leading cryptocurrency in the market, the BTC, will surge, so will do the Altcoins, XRP included.
So, many expect XRP (XRP) to surge more than the Bitcoin (BTC).
On the other hand, Ripple has already proven that its payment platforms, xRapid, xVia, xCurrent, and RippleNet, are more reliable and way faster than the traditional SWIFT system which is currently used by banks. Furthermore, Ripple CEO, Brad Garlinghouse, stated that, by the beginning of 2019, dozens of banks would adopt Ripple’s remittance solutions, a fact which would also support XRP (XRP) surge.
Finally, the recently announced unification of xVia, xRapid, and xCurrent under one convenient solution would employ XRP (XRP) as the utility coin for transactions facilitation, boosting the demand for Ripple’s XRP.
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.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.