XRP Continues To Expand Despite Negativity Over the Ripple Coin Price
- XRP shows its strength being the best performing crypto among the top 13
- Ripple continues to expand with new partnerships around the world
During July, XRP ahs outperform both Ethereum (ETH) and Bitcoin (BTC) in terms of the numbers of transactions processed by the network. According to data provided by BitInfoCharts, the XRP Ledger registered more than 1.1 million transactions on July 20.
Ethereum processed 584,000 transactions, followed by Bitcoin with 322,000 and Litecoin (LTC) with 28,000.
XRP Expands In The Market
There have been several critics to XRP regarding its price. Many investors and analysts say that the digital currency has been close to its support level of $0.3 that resisted very well during the last year. However, the Ripple network continues to expand with a large number of on-chain transactions.
As previously mentioned, XRP registered the largest number of transactions among the top 4 digital assets in the market throughout July.
The digital currency is also being traded around $0.325 and it has a market capitalization of $13.92 billion, according to CoinMarketCap. Although it’s price fell 1.72% in 24 hours, it has been the best performing virtual currency among the top 13.
During the same period of time, Bitcoin fell over 2%, Ethereum 3.25% and Litecoin 3%. This shows that the levels close to $0.3 are very important for the digital asset and it has helped it maintain its price over time.
Ripple has also been expanding with different partnerships. For example, MoneyGram, a firm that works with Ripple, has signed a new agreement with Sentbe, one of the largest companies for money transfer services in South Korea. At the same time, Sentbe showed they were working with Ripple.