Ripple (XRP) price will eventually benefit from the developments behind the scenes: here are the details
Last week, Ripple and the presence of local XRP was quite interesting. At present, while some new interesting developments may help boost the pace of the XRP, the price still seems to be struggling to get back to the level of 0.5 dollars. Nowadays there is still some momentum associated with the Ripple (XRP) price, but no one knows what the near future will show.
Ripple (XRP) price, how is it?
Although it seems impossible to reach $ 0.5 for the XRP right now, there is still a lot of reason to be excited about what might happen in the future. Some new developments over the weekend have come to the fore, which supports the upward trend of the XRP price.
There are two major enhancements that move the XRP price to a further level. First of all, there is a problem with whether the SEC is willing to effectively accept the XRP as a currency. Although this decision has been on the agenda for some time, it remains uncertain whether the SEC will be classified as an xrp asset or currency in the near future.
Important developments affecting Ripple (XRP) price
In more concrete news, another company chopped up xRapid that they would integrate the current service. MoneyNetInt, a UK-based cross-border payment service provider, is the latest company that integrates ripple’s local technology to improve overall liquidity for cross-border business. In addition, this development may increase the demand for XRP.
In the last 24 hours, the XRP price experienced a slight decline against both USD and BTC. After all, the decline is very important, but there will be some further pressure on the market in the foreseeable future. At the same time, even if bitcoin dragged everything with him, things don’t look that bad yet.
In addition, XRP is now moving to some attraction from Latin America. Mercado bitcoin is the latest platform to integrate the xrp trade after receiving intense demand from developers. Although Mercado bitcoin currently does not have much trading volume in the XRP, any new adoption for the xrp has not evolved back and forth.
Based on all these developments, XRP thinks that it is only a time machine that wins in the right direction. In the end, Ripple and his native presence have been attracting a lot of attention lately, which will eventually bring some positive training together. Otherwise, bitcoin continues to fall along with all other currencies, and the xrp is no exception at this stage.