Could Ripple XRP Start a New Bull Run in 2019?
XRP could have the possibility to be one of the most benefited crypto assets in 2019. During 2018 the virtual currency has been affected by the whole bear market. Nevertheless, Brad Garlinghouse, the CEO of Ripple, and other experts are very excited about the future of the space.
XRP Could Have a Positive 2019
Everyone is trying to forget the horrible 2018 in terms of price performance. Nevertheless, 2019 seems to be preparing good things for Bitcoin and virtual currencies, including XRP. During a recent AMA, Brad Garlighouse said that it is just a matter of time before banks start holding digital assets.
What Mr. Garlinghouse said could be related to the fact that there are many banks interested in Ripple’s product xRapid. With xRapid, institutions can easily transact funds from one place to the other and can integrate the XRP virtual currency. This would increase the speed of transactions and reduce costs.
Furthermore, he mentioned that banks will also be interested in exploring new markets. That means that it might be possible for these financial institutions to start offering custody services for users or institutions.
He has also talked about XRP being considered a security. Garlinghouse explained that XRP is clearly not a security. One of the reasons he gives is the fact that if Ripple shuts down, the XRP ledger would keep working without problems.
On the matter, he commented:
“I think it’s very clear XRP is not a security. There is a whole number of reasons for that. If Ripple the company shuts down, XRP trades on over a hundred exchanges around the world and XRP would continue to trade. Ripple is one important participant in the XRP ecosystem but there are a whole bunch of participants.”
During 2018, Ripple has increased the number of partners working with the company’s RippleNet. At the same time, the company increased the number of employees working. RippleNet allows businesses and other institutions to perform cross-border transactions in just seconds. The number of partners is expected to keep growing in the future. New companies and institutions will clearly start working with Ripple and might also adopt XRP for some transactions.
XRP could also be added to Coinbase, one of the largest and most popular trading platforms in the space. This is something that XRP community is waiting for a very long time. Clearly, such an announcement will be very bullish for the asset.
There are many reasons why XRP could have a fantastic year ahead. There is an increased interest from institutions for Ripple’s solutions and xRapid, which allows for easy integration with XRP. Coinbase could add XRP as a new asset to its platform. The U.S. SEC could finally mention that XRP is not a security. These things will allow this virtual currency to grow in a bullish market.
Want to learn more about Ripple? Read our guide to Ripple, Ripple Labs, and XRP, a breakdown necessary for any crypto investor. A search for Ripple on our site will bring up the latest XRP articles like coverage on a Ripple strategist claiming XRP is more used than BTC.
Interested in investing in Ripple? You’ll want to start with our XRP price prediction article and then go into our current Ripple technical analysis. (Always do your own research and read the site disclaimer). If you’re interested in buying Ripple, you can learn how to buy XRP on Binance, our suggested exchange for investors.