Has Ripple (XRP) Fizzled???

CoinOpinions has a Hold rating on the cryptocurrency Ripple (XRP-X), while trading at the current price of $0.65 USD. The real-time gross settlement system for currency exchange and remittance network has had its share of adoption and trial project since the beginning of 2018.LianLian International adopted xCurrent, Ripple’s enterprise blockchain project that is advertised as an instantaneous cash settlement solution. As a result, more than 100 existing members of RippleNet will be able to connect to the Chinese market. This has mad RippleNet more enticing for other prospective clients to support. These other clients include Western Union, Saudi Arabia’s Central Bank, Coinone Exchange, InstaReM, BeeTech and earlier this week it was announced that Kuwait Finance House and BankDhofar from Oman are now using xCurrent.

Ripple price chart

Since its January highs, Ripple's chart looks to show that it has found a price floor around $0.50 USD and is starting to trend higher. CoinOpinons has held a Hold signal for several weeks for Ripple, but with the recent deal action XRP is one to start to watch over the coming weeks to see how Ripple investors react to future adoption of xCurrent technology.

Disclaimer: Trading is a risky activity. None of the information we provide is a recommendation to buy or sell a financial instrument. CoinOpinions shall not be liable for the outcome of any trading ...

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