For those who are not aware, Ripple price has declined all the way from $ 4.5 to $0.67. Most of the cryptocurrency analyst believe that not only, Ripple will again rise to previous peaks but will also create new heights as well. Which is why many of the cryptocurrency enthusiats thinks that Ripple good investment opportunity in current dips. (Source: FXStreet, Express.co.uk, Investing PR )
Ripple’s token (XRP) was worth $0.0060 at the start of 2017. Now, its price hovers around $1.00.
XRP is a “centralized” cryptocurrency. Ripple Labs, does not try to market common people with its marketing efforts, But Instead, they market it as technology stack for banks and large enterprises that enables transactions to with almost free of cost transactions fee.
Ripple is keep on adding new clients on weekly basis. Ripple is not just adding new clients but their clients are banks all over the world. AS progressing, many financial institutions started using the Ripple protocol in order to transfer money from one part of the globe to another.
Current Ripple partnership includse number of financial institution like Western Union , Moneygram, IDT and Mercury FX, LianLian International, Monetary Authority of Singapore, Axis Bank and many more… All Ripple partner list here
Where Ripple is heading Price Wise?
Ripple is near to the vertex of the triangle since mid-December. There is no further room in the triangle, so it will soon make a decision on its next trend. However, Current trend is tricky and potentially risky, since levels are next to each other and any FUD or rumours could have important effects.
What Ripple holds investment wise?
If you want go for the short term, you should always look for to buy low. It’s also worth paying attention to upcoming hype. Ripple’s becoming a brand so getting ahead of the news can pay off.
Long run wise you’ll need to pay close attention to the features and current applications of Ripple, and should know answers of some big questions about the future of the global economy and know all upcoming possible partnerships.