Ripple’s native asset XRP is still going through some interesting times, and while its price may have dipped a little, but it’s holding its own, and experts like JP Buntinx at The Merkel believe that there is quite a lot going on behind the scenes that will move XRP along in the near future, and that there is still plenty of momentum in Ripple right now.
Over this weekend just gone, there have been new announcements from Ripple Labs, including further information about its popularity with the current White House administration and how it might protect America from China’s Bitcoin dominance.
The other activity that’s giving XRP some energy is the question over how the SEC is going to rule on XRP: is it a security, or what is it? It’s still unclear how that might work out, but as Cory Johnson, Ripple’s Chief Strategist said when asked about the long awaited SEC ruling: ““I don’t know that the SEC wants to be in a position to have to comment on every single cryptocurrency or digital asset created and issue a ruling about it.”
Ethereum World News suggested on 22nd October that the SEC might give a favourable ruling on XRP and that the key to this is perhaps Pual Dwyer, Chairman of Viamericas and MSBA. Viamericas uses Ripple’s xRapid API that automates the whole process of moving funds instantaneously from one country to another by leveraging on XRP, an on-demand liquidity asset. Plus the Money Service Business Association (MSBA) works directly with regulators like the SEC and Dwyer heads up both.
Dalmas Ngetich writes: “With Paul at helm of a corporation with presence in more than 34 countries spread around three continents and with more can 76,000 cash out points, the adoption of xRapid and XRP speaks tones about the future of XRP.”
Furthermore, MoneyNetInt, a UK-based cross-border payment service provider, is the latest company to integrate Ripple’s xRapid technology, which should improve overall liquidity for cross-border transactions, and it may increase demand for XRP in the future.
Plus, in Latin Aemrica, XRP is exciting traders. Mercado Bitcoin is the most recent platform to integrate XRP trading after receiving overwhelming demand from customers.
This is all positive news for Ripple and XRP and should encourage more upwards price movement, even if it is more of a slow and steady climb,