In a recent interview, Ripple CEO Brad Garlinghouse was asked if he was worried that XRP could be declared a title. To this, he jokingly responded that considering the influence that any news on the XRP listed on Coinbase arouses, XRP is probably more a security of Coinbase than a ripple if it really is a safety. This derives from the strong attachment that the XRP community must have to Coinbase and from the expectation of a rise in the event of a listing. But the attachment to Coinbase is not accidental. In the past, a list on Coinbase was usually followed by a huge pump that led to sustained rallies.
However, recent adverts on Coinbase have not significantly increased prices. If anything they ended up being pumps and landfills. Case in point is the basic attention token (BAT). After a slight pumping before the listing on Coinbase, the Basic Attention Token (BAT) was downloaded by a huge margin. Yesterday, the BAT was downloaded more than 20%. Today it is down 10% and is collectively one of the biggest losers in the last 48 hours.
It goes to prove Coinbase, and in general the exchanges of adverts no longer have a strong impact on the encrypted prices. This is attributable to the fact that accessibility is no longer the problem when it comes to encrypting the application. Today the criptos are accessible through multiple routes. The XRP, for example, is listed as a base currency on several platforms, which makes it even more accessible and liquid than most other cryptocurrencies. This means that it is not the lack of access that retains XRP, but rather an interest declined in the encrypted market, after the sustained run of the 2018 bear.
To grow the encrypted, adoption will have to take into account technical developments and increased accessibility. This is an area where XRP (XRP) is going well and could do even better next year and beyond. This is because XRP has made significant progress in the financial sector, through its strategy of collaboration with banks. Since the XRP went live, it was adopted by a number of financial institutions. According to Brad Garlinghouse, at least a dozen banks will use XRapid by next year. This is the adoption that will have an impact on the price of XRP. It trades ads, regardless of whether the coinbase or anything else can support its value in the market in the way it will be adopted.
Regulatory clarity will also play an important role in the growth of XRP. At the moment, XRP has a significant advantage over other cryptocurrencies in terms of market adoption. The level of institutional links that it has developed makes it a real threat to SWIFT, 10-year cross-border payments.
The only thing that holds him back is the normative clarity of the SEC. When they come out clearly and declare that XRP is not a security, there will be no reason for banks to retain a technology that makes them more efficient in terms of speed and costs. The XRP is a tool that can save banks the costs of holding large quantities of foreign reserves in Nostro's accounts. In addition, it saves small banks the cost of having to rely on large ones in cross-border payments. This is a case of use that could easily push XRP (XRP) to a trillion dollar.