Ripple (XRP) is one of the leading top five cryptocurrencies in the market with impressive market capitalizations. For a while now, Ripple’s prices have been trading below even half-dollar mark which is far from its all-time high valuation of 3 US dollars for one single XRP digital coin.
In the recent past, the markets have witnessed the growth of Ripple to become one of the top blockchain technologies in the market to be massively adopted. Thanks to Ripple’s appeal towards many industry players, many companies and firms are showing readiness to incorporate and partner with Ripple (XRP) with some exciting deals closing already.
Many financial companies and institutions around the globe have adopted Ripple’s xCurrent technology for their operations due to the main reason for its operational ability and effectiveness in simplifying operations.
The recent release of the Codius smart contract platform by Stefan Thomas took a lot of crypto enthusiast by surprise, exciting many of Ripple community members. Stefan Thomas, Ripple’s former CTO, now runs Coil.
The release of the Codius smart contract signals the extension of the Ripple family with its main goal is to introduce the interoperability of various blockchain technologies with one another devising new ways to earn money from the internet. Hence the good reason why I believe Ripple might still stand a chance to ‘at least’ hit the $7 mark before this year ends.
The Impact of JP Morgan Ripple Partnership
JP Morgan is considered as one of the largest investment banks in the world. The collaboration between Ripple and JP Morgan might have significant effects on the price value of XRP, as some of Ripple’s products such as the xRapid continues to gain popularity with major banks.
On a recent communication by JP Morgan’s, the investment bank is working tirelessly to come up with a real-time payment platform that will incorporate Ripple benefits to their customers and clients. The announcement comes at a very good time igniting hope for Ripple and XRP investors. However, the controversial issue is whether JP Morgan will be partnering with Ripple Inc. or XRP considering their different management nature.
Does Ripple Stand a Chance to Reach $7?
For XRP holders and investors who are interested in the future value of the digital token, learning about its prospects is valuable considering the numerous rumors going around.
First of all, it is prudent to know that Ripple has three different platforms. Ripple as a platform is designed to aid in money transfer quickly and economically. Of the three platforms under Ripple, it is only one platform, xRapid, that requires the XRP coin to work.
Normally, Ripple emphases on promoting the other two platforms, xVia, and xCurrent, that do not require the indulgence of XRP. Xcurrent is extremely useful in financial institutions and banks while xRapid is used for allowing near-instant money transfer irrespective of the amount, globally.
By adopting xCurrent, Santander, one of the largest banks in Spain, is going to allow its clients to transfer money fast and in a secure way without using XRP. This incorporation along with other comparable partnerships is what is rumored to push the price levels of Ripple (XRP) to high levels of at least $7 this year.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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