Ripple offers financial institutions the fastest, most reliable option for sourcing liquidity on demand.
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology. It can settle transactions in 3-5 seconds. XRP price has been one of the most important topic of discussions amongst traders.
XRP can be sent without a central intermediary. This makes it a convenient instrument in bridging two different currencies quickly and efficiently.
How Is XRP Used?
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space. Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP- related use cases.
RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital.
RippleX is Ripple’s open developer platform for money. Through RippleX projects, developers leverage XRP and its underlying technology in use cases from micropayments, to e-commerce to exchanges and peer-to-peer services.
Let us review XRP price.
XRP/USD – Price Prediction
XRP is currently trading above the support zone of $0.91. The trendline support is intact. If XRP can claim the resistance at $1.11 and flip it to support, we could start seeing a move towards $1.25, $1.45, $1.62 and $1.79. If XRP can accumulate around $1.79 and flip that resistance zone to support, we could start seeing a move towards $2.02, $2.33 and $3.20. Failure to hold the support at $0.91 could lead to a drop towards $0.78.
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