Ripple November 2018: XRP Coin Price Predictions, Forecasts and Expectations
XRP is one of the largest and most respected virtual currencies in the market. During the last two months, several agreements have been made by Ripple involving XRP. The community is also actively participating, something that is very promising for the crypto space. For example, during the third quarter of the current year, Ripple sold $163 million dollars worth of XRP.
Now that we are entering in November, what can we expect from Ripple and XRP? Some individuals believe that we could see a new bullish momentum for this virtual currency. And there are some things that we need to take into account for the next few weeks.
Ripple is working very hard in order to boost its presence in the cross-border payment industry. Ripple Labs took the decision to hire Amir Sargangi, CEO of Jibe Mobile, who will be working as the VP of products of RippleNet. Mr. Sargangi has also been involved in the creation of Rich Communication Services (RCS) that worked as an improved messaging standard.
Although there is no information on whether RCS’s technology will be implemented by Ripple, it could also be a possibility. Some competitors already use this technology to send and receive money from one place to another.
Although Ripple has very interesting plans for the coming months, a bear trend triggered by Bitcoin (BTC) or Ethereum (ETH) could also take XRP down in the market.
At the time of writing, XRP is being sold for $0.45 dollars and it has a market capitalization of $18.35 billion dollars. However, XRP was traded under $0.3 dollars a few months ago (September).
Ripple’s CTO, David Schwartz, said a few days ago that XRP needs to be worth more if it wants to transact even larger sums of funds around the world. There are many institutions that are using Ripple and XRP to process cross-border payments. If XRP is worth more, it can also allow companies to send funds in an easier way.
Wietse Wind, a recognized Ripple’s developer has created several applications to be used with XRP. One of them is known as the XRP Tip Bot. Now, the XRP Tip Bot has been approved by Google and Apple to be on their respective app markets.
Clearly, there are many different things happening around Ripple and XRP. This will have a positive impact on the virtual currency in the future. However, as we are in a bear trend, it might not have an effect in these months but perhaps in the future.