Anticipation For xRapid Is Battering XRP Upwards With A 20% Gain Overnight
If youâre not watching the markets at the moment (we canât blame you, everything is super tame at the moment) then you might not have noticed that XRP has shot upwards, up 20.39% from yesterday at the time of writing, with no sign of letting up.
At the time of writing, XRP is valued at $0.330. Itâs still a super low value for XRP, but regardless of this, itâs making incredible progression and for the first time in a while, and is now comfortably within the $0.30 range. The reason for this spike is the recent âleakâ of a pending xRapid release date. Now, we donât know when xRapid will be fully rolled out, but we do know that Ripple are planning on releasing xRapid, to business customers within the next two months.
If you think XRP is looking excited now, wait until xRapid is actually realised.
In case youâre not fully aware of what xRapid does or is for, according to Ripple:
âxRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity. xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which dramatically lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers a highly efficient, scalable, reliable liquidity option to service cross-border payments.â
xRapid is a package that will be rolled out to financial institutions to allow them to fully immerse themselves within Rippleâs blockchain technologies. Whilst the launch of xRapid might not have a massive impact, once these firms start to use xRapid for regular payments, Ripple are going to see a huge boost in popularity, a boost that is only going to have a positive impact on the value of XRP.
With all of this in mind, over the next couple of months, XRP is likely to start to swing back to $1.00, after this, could $3.00 finally be on the cards?