The XRP / BTC Price had Dropped by Five by June 2020
Ripple’s cryptocurrency XRP has repeatedly been the disappointment among the major cryptocurrencies with short interruptions. This is shown by a look at the chart of the price development against the Bitcoin (BTC). Since the beginning of 2019, the XRP / BTC price had dropped by five by June 2020 (see XRP / BTC chart below). Then in mid-July there was a clear upward turn and the price rose again above the 200-day limit. Currently, the XRP / BTC price development is even approaching a golden cross, in which the 50-day line intersects the 200-day line from bottom to top. As you can see from the chart, it would be the first time in a very long time that this very bullish sign has occurred.
Nevertheless, Ripple’s CEO Brad Garlinghouse is still very optimistic and compares Ripple with Amazon. He pointed out that this leading global company also started out just selling books. His prediction to the Financial Times is that two years from now, Ripple will affect payments like Amazon will affect books. With Ripple as the Amazon of crypto payments, Garlinghouse naturally sets the bar a bit – too – high. Nevertheless, Ripple could establish itself as the cheapest alternative for international payment networks. There are also other positive factors at the moment.
Intelligent contracts (smart contracts) should also be able to be integrated into the Ripple network via the Ripple partner Flare Network. Ripple’s CTO David Schwartz recently pointed out that DeFi services for institutional partners could be offered very quickly. Because with RippleNet you are very well positioned with a network based on products developed for banks and financial institutions. Speculations about Ripple as a DeFi bridge could therefore quickly become a turbo for the XRP course.
The XRP / BTC Price had Dropped by Five by June 2020 - /10
Ripple's cryptocurrency XRP has repeatedly been the disappointment among the major cryptocurrencies with short interruptions. This is shown by a look at the chart of the price development against the Bitcoin (BTC)