If you are among those who invested in Ripple a few months ago, when XRP was still around its peak, but felt disappointed recently, after seeing the trading prices, we have some good news for you: the coin looks to be back on the track.
This afternoon, the entire cryptocurrency market was on the green, with the biggest mover by some distance being Ripple. At the time of the writing, the coin is trading at $0.866, being 18.28% up in the last 24 hours, with a total market cap of $33,87 billion.
What’s going on with XRP?
The price increase has been increasing after banking giant Santander announced that it had launched a blockchain-based foreign exchange service, currently using Ripple’s technology, in order to make same-day international money transfers, according to The Motley Fool.
Currently, the Santander One Pay FX platform is available just in Spain, Brazil, Poland, and the United Kingdom. However, it is expected to roll out to other markets as well, in the upcoming months.
Obviously, traders and investors are the most optimistic regarding this, as the growing usage of Ripple’s technology is definitely a huge sign that XRP still has a very bright future ahead.
What could be next for Ripple?
A lot of experts claim that from the technology it’s using point of view, Ripple is definitely the best out there and even superior to Bitcoin. Some of them like to take things even further and consider that it has what it takes to surpass Bitcoin at one moment. For now, we can only observe how things will develop.
On the other side, let’s not forget about Ripple’s issue with the listings on Coinbase and Gemini, two of the biggest exchanges in the United States. Specifically, it’s still not listed in these two places and this won’t happen in the near future. This could still keep the coin at the same price for a while!