Sumary of What Is the Optimum Price Level for XRP?:
- Unlike Bitcoin, which was originally introduced to create an internet-based currency, Ripple Labs saw the potential of the underlying blockchain technology and decided to create a decentralized infrastructure for the existing financial institutions.
- With massive potential use cases, Ripple-issued digital currency XRP became very popular among crypto traders.
- Its volatility still remains and is mostly echoing the movement of the overall cryptocurrency market.
- The lawsuit alleged that XRP is unregistered security and accused the San Francisco-headquartered company of illegally raising $1.3 billion by selling the crypto.
- Suggested articlesWhat It Takes To Be A Successful Fintech Company In This DecadeGo to article >>The regulator’s move against the blockchain company prompted the US exchanges to delist the token as they wanted to avoid regulatory backlash for listing unregistered security.
- ”He further pointed out a strange correlation between the overall market value of XRP and ETHUSD since mid-May.
- XRPUSD and ETHUSD correlationBig FishAnother factor, that can push the value of XRP higher is institutional adoption.