The flow of positive news and teasing around the Ripple XRP coin had no end. With the gold rush and the speculations building towards the cryptocurrency, the same result was seen with growing expectations and forecasts. It all started with Brad Garlinghouse, who teased that the Q3 will be the XRP time and could end with the 2018.
"One of the things I will take for a future announcement in the Q3 market reports, which you share always … where we see the institutional participation in the purchase of XRP The third quarter will surely be a record of institutional participation in the purchase and interest in maintaining XRP. "
This move has raised the number of crypto-enthusiasts who turn their eyes to the rapid digital resource. Further analyzing Brad's comments, we can assume that institutional investors are already buying XRP or plan to do so in this third quarter of 2018. A question that everyone is asking is why the price of digital assets is not increased if these purchases are happening.
With the BTC / USD pair finally reaching $ 7,000, most overcoins followed the green-bullish wave that took over on 28 August. After testing and exceeding the resistance level of $ 0.3300, XRP against the US Dollar exceeded $ 0.3400 with a 6.14% increase over the last 24 hours.
Source: coinmarketcap – for data writing time!
On the upside, a close above the levels of $ 0.3400 and $ 0.3450 could clarify the path for a push greater than $ 0.3500 which would be a great support for outgoing brands.
The platform introduced by the Ripple team is one of those innovative systems. While it has been around since 2012, it continues to solidly support banks and financial institutions in an effort to provide more efficient and faster transactions that can be built around mutual trust between customers and the network. This is one of the main catalysts that gives motivation to many investors and traders to choose XRP since the adoption and use of the real world have had great results.
Since making his debut in the crypto-verse with Jed The foundation of McCaleb and Chris Larsen has had great success reaching the third position in the ranking of cryptocurrencies by market capitalization and being recognized all over the world.
As the end of August is signaling big steps ahead, today's market changes may have opened the door for a better month in September. I do not see the mockery turning into reality in the 9th month of the year and how the team will act later.