All of us do, obviously.
Before I start, let’s have a look at Ripples performance today. At the time of writing Ripple XRP is valued at $0.920 and is up 5.03%. The currency is fast approaching $1.00, with that target in sight and seemingly more likely, we should explore why Ripple has had such a fantastic time over the past few weeks in order to work out if this is just a temporary gain, or a sign of something bigger and better, could Ripple XRP hit $3.00 soon?
Well, today, Oracle Times have published a great article that discusses this concept.
Rightly so, the article highlights how Ripple have gone about signing more business deals than FC Barcelona. They want banks on board and they want XRP to be a part of a wider community. Ripple XRP is a currency for real life adoption and not just crypto-fanatics, therefore these deals are imperative. Here’s what the Oracle Times have to say about it:
“Ripple’s [XRP] rise has actually been a long time in coming. The currency has been signing the partnerships with mainstream financial institutions that many traders have said will lead to a significant price rise for many months. However, the price has remained stubbornly low and even fallen slightly. Much of this may have been due to the speculative bubble that built and collapsed around Bitcoin around the same time. The bad publicity that Bitcoin attracted following the severe correction that it suffered in the early months of 2018 caused many other cryptocurrencies to be tarred with the same brush. This is despite the fact that Ripple [XRP] has taken an entirely different approach to its potential market and expects banks and other players to do the heavy lifting when it comes to getting customers to use it.”
Has Ripple finally shifted its bad reputation, through its commitment to ensuring its technology is adopted into the mainstream? Quite possibly. We’ve never really considered Ripples past reputation before, we have always approached Ripple XRP as a future currency and therefore have always looked ahead of where Ripple stands. But actually, it’s previous drought is something we shouldn’t ignore.
So, to answer the question, perhaps Ripple’s own mistakes, are behind their current success?
If you’re interested, you can see the full article by Oracle Times here- https://oracletimes.com/ripple-xrp-to-break-the-resistance/
Overall, Ripple still remains a currency for the future, it is not a currency for huge investment returns, nor does Ripple promise to make huge gains in a short period of time. Ripple does however promise to spearhead cryptocurrency adoption. There real success comes from them offering so much more than just a simple decentralised cryptocurrency trading platform. Their aspirations are the future and that, is driving Ripples success.