Analysis Crypto by Thebittimes.Com

Ripple (XRP) is one of the leading cryptocurrency tokens to exist in the domain. Despite having multiple legal hurdles along the way, the token has emerged as one of the strongest contenders, trying to establish expertise in the cross border payment domain. The token seems to be following a dedicated path, a strategic methodology that is helping Ripple climb the ladder of success one by one. Here are the three surefire ways through which XRP can establish its true positioning by becoming a leading global phenomenon in the cross-border payments sector. Also Read: Ripple: Analyst Predicts A Golden Cross For XRP Targeting $5: The Details 3 Ways for Ripple to Dominate the Cross-Border Transaction Sector 1. Government Backing of RLUSD Source: Watcher Guru Long before the GENIUS Act came into the picture, Ripple had already launched RLUSD, its very own stablecoin. The coin was launched to facilitate smooth cross-border payments, access liquidity for remittance, and, at the same time, help ma...

Ripple’s much-anticipated stablecoin, Ripple USD (RLUSD), has failed to gain traction since its mid-December launch. Despite the well-capitalized company’s billions in funding and decade of experience in the blockchain industry, the XRP token hasn’t even captured a 0.04% market share of the stablecoin industry. Today, RLUSD’s market capitalization remains below $75 million. For context, the market cap of tether (USDT) alone is $137 billion. Ripple advertises its new stablecoin, designed to maintain a 1:1 peg with the US dollar, as an enterprise-grade solution for institutional financial use cases. However, its lackluster performance raises questions about demand for yet another USD proxy in an already crowded sector. Discouragingly, only a tiny number of exchanges list RLUSD for trading — with a significant amount of its trading volume on exchanges in which Ripple previously invested like Bitstamp and Bitso.  Ripple went all-in on politics and gained b...

Momentum around XRP has surged to new heights, doubling its market cap in just one week and capturing the attention of the global crypto community.  The token blasted past the critical $1 psychological level over the weekend, reaching an intraday high of $1.23 before settling at $1.15, after climbing as much as 97.21% in a week. XRP 1-week chart. Source: CoinMarketCap What’s more, the past week has seen XRP’s market cap leap from $33 billion to $66 billion, a remarkable feat that has reignited global interest in the digital asset, as per data retrieved by Finbold from CoinMarketCap. Picks for you Here’s why analysts think Dogecoin (DOGE) has more room to grow 17 hours ago Trading expert warns altcoins will bleed before going ‘much...