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Seekingalpha cites 3 main reasons why XRP could decouple from the bitcoin and bring the crypt into the recovery ground in 2019.
- Ripple showed signs of breaking with Bitcoin in this year's trading prices; a trend that could extend until 2019.
To decouple in a few words is to be free from Bitcoin's influence: It is well known that most of the altcoins and their prices strongly depend on bitcoin price movements. Every time the bitcoin hibernates and goes into crisis, the altimetric blocks crash even more strongly.
Because XRP is truly independent of bitcoin, however, it must be decoupled from Bitcoin which has influenced the state of the encrypted markets since their inception. The only way to do it correctly would be to have more exchanges that offer XRP as a base pair, offering XRP exchanges as well as BTC, ETH and stablecoins.
- The value of Ripple's XRP currencies will depend on institutional adoption, which got a big boost this week with an announcement.
As AMBCrypto writes, Ripple has established important partnerships with leading banks and financial institutions around the world, such as the Israeli GMT, Turkish Akbank, MoneyGram, AmericanExpress, CIBC, Earthport and many others who have access to use Ripple's blockchain technology for cross-border payments and more.
Akbank announced that he was using Ripple's blockchain technology [Ripple Net] to transfer the GBP to Santander of U.K., another financial services company. This announcement does not make clear that it is not using XRP as a bridge currency, but it does not say it is not.
In addition, Brad Garlinghouse, Ripple's CEO, the words came true, but partly because he had said that at least one bank was using Ripple's xRapid by the end of the year 2018.
- Only one major threat hangs over Ripple, especially if it moves away from the "crypto" category, and this is the normative classification.
Cryptobriefing.com claims that Ripple is two steps ahead of SEC on these issues,
By quickly pushing their cryptocurrencies to full functionality, companies that are encrypted like Ripple can create enough "facts on the ground" to completely escape the classification of titles.
Ripple may be too big to even fail. But in the event that it was not enough, the company is quickly becoming the type of prey that is just … too much trouble.
Ripple (XRP) Price
As FXStreet.com analysts write, Ripple bulls made a quick move at $ 0.40.
Ripple's XRP enjoyed a better decent run in the Monday session. Two-figure gains, such as the cryptocurrency market rally. This is after a recent background area, which saw the price swing around for about 10 days, in a narrow range.
Looking through the daily confluence detector, there are not too many barriers. Starting from the closest to the upside, $ 0.3255, which is the highest of last week. Further north, $ 0.3387, which is a weekly hub.
For a greater rise, the bulls must exit the current block. XRP / USD is heading towards the top of this, sitting at the $ 0.3200 mark. A break out of this seven-session range could open the door for a quick return to the territory of $ 0.40.
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