Ripple Last updated: XRP is positioned to become the world's leading cryptocurrency according to Weiss's cryptocurrency classifications

January 11, 2019 Ripple

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The current state of the cryptocurrency market is no longer a novelty. Even people who know little about the industry know that the past months have been tough. The new year's rally boosted investor confidence in the industry for a short while until things went straight through. During this roller coaster ride, all cryptocurrencies, including XRP and ETH, suffered. At the beginning of the last wave of waves in November, XRP was going relatively well as it outperformed the entire market. In fact, he took the second position from the ETH and held it for more than a month.

XRP positioned for size

The price of XRP is not currently at its best, however, the cryptocurrency has solid fundamentals. Do not forget that the XRP army is one of the most active in the community of cryptocurrencies. Their commitment and effort at Ripple have helped XRP maintain a solid point of support in the industry.

Two days ago, the XRP community asked that Ripple and Elon Musk make ads that would increase the price of the XRP token. While they did not get what they wanted, their trust in the token was reaffirmed when the popular cryptocurrency rating agency, Weiss, announced that XRP will become the most ordinary after cryptocurrency in 2019. The report was as follows:

"XRP is making plans to overthrow Swift, the most dominant provider of cross-border payment services, and if it succeeds in taking part in Swift's market share, XRP will become the world's number one cryptocurrant."

This forecast is not surprising because Ripple is already producing waves in the global payments industry. Last year, the reports cited many partnerships between Ripple and many traditional financial institutions. Kraken also launched a margin trading facility for XRP. Announcing the margin changes, the exchange stated:
"Note that XRP and BCH are not collateral cryptocurrencies, so it is not possible to open margin positions with respect to the balances of XRP and BCH values.We are advised to always maintain adequate balances of the collateral currencies if you want to keep margin positions".

Weiss makes the BTC forecast

Weiss did not just make a prediction for XRP. The rating agency also predicted that Bitcoin will become a popular demand for value archiving. The reason for this, according to Weiss, is that BTC has a high portability and can compete with gold. This prediction is in line with what Lou Kerner, a cryptocurrency expert, said about Bitcoin. In his words:
"Bitcoin is a $ 60 billion asset while gold is a $ 8 trillion asset. If you ask me, BTC can go up 100 times from 0. This will push the entire digital market ahead of its time. . "

XRP Price Analysis (XRP)

At the moment, XRP is trading at $ 0.365399. This shows that it is up 1.29% from the US dollar and down 2.24% from the BTC. The trading volume over a 24-hour period is $ 558.955.459. The market capitalization is $ 14.96.134.183. The next trading days will determine if the price action will change.

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