There are many options to choose from to note the latest successes and developments that Ripple Labs' XRP had, but one actually a teaser made the crypt-verse tremble. The founder and current CEO, Brad Garlinghouse, has mentioned how a big wave of institutional investors will come on stage in the third quarter of the year.
"One of the things I'm going to make about a future announcement in the third quarter reports, which we always share … where we see the institutional participation in the purchase of XRP, the third quarter will surely be a record of institutional participation purchase and interest in maintaining XRP. "
However, those who are already buying the token will not affect the price because they are buying fast currency through OTC or Over the Counter of a normal exchange.
Current status of the XRP
The very positive wave of sentiment around the Ripple token, especially recently, XRP began with David Schwartz – Ripple Chief Technology Officer who continues to publish and respond on the website of Twitter and Ripple
"Bitcoin and Ethereum are currently seen as the gold standard for decentralization …
Since these blockchains are considered decentralized, so by design, even the Ledger XRP is – if not more so – decentralized by both Bitcoin and Ethereum. "
The intelligent but often criticized PoW protocol that runs on the Ethereum and Bitcoin network has been praised for the CTO's problems. Mr. Schwartz mentioned the time when various miners can control the system significantly, making it more centralized than one would like it to be.
The fast network has been praised for its technology results by Weiss Ratings many times via its social media channel Twitter. Quotations often emphasize a sentiment of recommendation and low prices for the moment could be an opportunity for gold to intervene.
We think that #XRP is the fastest digital resource to transfer funds between exchanges. It only makes sense #Binance use it as a basis #currency – why should you go through an intermediary currency to trade? #crypto #btc #altcoins
– Weiss Ratings (@WeissRatings) 10 August 2018
With the team working hard to hoist the decentralization of the coin while it is highlighted that XRP is not a security, the exchanges are attracted more to be listed that will directly bring more buyers into the game.