Ripple’s XRP Going For $0.6000 While Leading The Weekend Bulls
Could the third attempt to overtake Ethereum‘s position by market capitalization turn real for the speedy XRP coin? For the past two weeks any bull run commencing throughout the general crypto market had the third largest digital asset as a catalyst to start things off. Especially XRP enthusiasts and HODL’ers had a sight to see when it showcased above 50% increase in 24-hours against the US Dollar the recent days. Per time of writing, the pair XRP/USD is the highest gaining out of the top-ten leading coins. Reaching the $0.5843 mark brought a 9.41% gain in the last 24-hours. With a market capitalization of $23.9 Billion it is getting closer and closer to Ethereum’s $23.7 Billion. Reaching the weekly high of $0.5870 sellers are taking charge in the hourly chart and slowing things a bit down. Turning back a little to the team and firm behind XRP. For cross-border payments to work traditionally two banks have to set a one-on-one infrastructure/connection. The situation in the Association of South Eastern Asian Nations (ASEAN) was exactly this way up until the Siam Commercial Bank (SCM) – a member of RippleNet – became the first financial institution in the region to explore a new feature on the network known as ‘Multi-hop’.
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use. Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.