Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
The last few years have been very disappointing for XRP users. For all the optimism, the altcoin hasn’t performed well on the charts. More than that, however, uncertainty has played a major role, with the SEC’s lawsuit against Ripple Labs not helping either.
The market performance is reflective of the fact that there is some cynicism and some sadness. With the lawsuit still not over, however, when can we expect XRP to appreciate on the charts again? Are the altcoin’s fortunes still tied to how the lawsuit ends?
Ripple, the leader in enterprise blockchain solutions, is a little different from its peers. Rather than focusing on retail customers, Ripple targets institutions. The cryptocurrency XRP has always been closely linked to Ripple. And, although these are distinct entities, Ripple holds billions of XRP in an escrow account.
That being said, the crypto still has a market cap of $17.6 billion. With more than $900 million traded in the past 24 hours, it’s obvious that traders and investors are very much interested in XRP.
Financial institutions and enterprises around the globe have started taking cognizance of the innovations in the financial landscape and how blockchain technology has impacted the space. With institutional blockchain adoption on the rise and XRP selling for record lows, is now a good time to invest in XRP?
In this article, we will look at the factors that influence Ripple and XRP and try to make sense of the news surrounding the sixth-largest crypto. Especially since it’s very important that investors make an informed decision.
Ripple’s tie-up
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