Ripple (XRP) is on steroids or rather enjoys a unique drive that is making other digital assets envious. The current upward push was triggered by the news that Ripple would launch a commercial version of its payment solution, xRapid in the following month. As reported by Cointelegraph, a cryptocurrency news site, Ripple Asia-Pacific and Middle Eastern relations manager Sagar Sarbhai released the news while in an interview with CNBC. The executive said the network is in line with product development and that the launch is scheduled within a month.
"I am very confident that in the next month or so you will see some good news coming where we launch the product live in production," said Sagar Sarbhai.
xRapid is a payment solution that guarantees financial institutions and other providers of low-cost liquidity payments. The platform is designed to minimize costs without compromising the customer experience. Ripple is bringing xRapid to the market to address the challenges that payment service providers are currently facing due to a lack of liquidity in potential and emerging markets. xRapid is able to drastically reduce the capital needed to create local pre-financed local currency accounts in return in return, lower the high costs of liquidity and foster business growth by expanding the current.
Ripple (XRP), on the other hand, continues to gain momentum in the market. The news above was a great one that has awakened the price of Ripple massively. It is as if a sleeping giant has been hit and is ready to take its place in the market. Ripple has risen by more than 60% this week alone, trading around $ 0.28 to test the critical value of $ 0.5. Other cryptocurrencies are catching up at the moment, but Ripple is behaving independently of the market forces.
At the time of writing this book, the digital asset has increased by 38.32% in the last 24 hours, although it is seeking a balance with a goal of establishing support at $ 0.440. There was a slight correction from the recent highs of $ 0.48, but a couple of support areas highlighted at $ 0.44 and $ 0.42 will stop the downward moves in case a & # 39; extended trend reversal.
The XRP Bank has today directed our attention to the volume of XRP trade which exceeded the value of $ 1 billion. According to data shown by CoinMarketCap, the trade volume of XRP is currently $ 1.5 billion in the last 24 hours. This is a significant increase from $ 246 million traded at the start of the week.
In addition, Ripple's market capitalization (XRP) has seen a dramatic increase in recent days. For example, on Monday 17, market capitalization stood at $ 11 billion. However, at the close of yesterday's session were 12.9 billion dollars. Similarly, at the time of printing, the market capitalization of XRP is $ 17.8 billion.
Ripple is on track to become the second digital asset in the market. Furthermore, the second largest crypto, Ethereum (ETH) with a market capitalization of $ 22.7 billion, has faced problems with investor confidence, scalability and security. While Ethereum is struggling to convince investors and clarify doubts, Ripple is making substantial growth. It is only a matter of time before Ethereum is eliminated from the second position. Furthermore, the gap between the assets is only $ 5 billion