Here’s Why XRP Price May Pump to $0.38


Join Our Telegram channel to stay up to date on breaking news coverage

XRP has been one of the best-performing large-cap coins in the past 24 hours due to the recent developments in the Ripple ecosystem. However, investors looking to earn profit can consider RobotEra’s TARO token a more profitable option.

XRP Price Action

Despite the current market downturn, many large-cap coins have seen their prices plummet significantly. XRP, the market’s standard for cross-border payments, has been no different. It has been one of the most affected coins, with its price dropping by 6.58% in the past week alone.

Nevertheless, the current week has come with some interesting price dynamics for XRP as the asset is looking to consolidate. Trading at $0.3566, XRP is up by 1.78% in the past 24 hours. Besides Litecoin (LTC), XRP is the only non-stablecoin asset among the top 20 cryptocurrencies by market value to see price gains in the past day.

Strong Numbers for Ripple’s ODL Tool

One of the catalysts for XRP’s surge appears to be the impressive growth prospects for Ripple’s on-demand liquidity (ODL) tool.

Earlier this week, the San Francisco-based blockchain giant reported that several growing settlement markets, including Israel, Argentina, Singapore, Brazil, and the African region, had supported the tool.

ODL allows Ripple’s clients to process cross-border payments using XRP as a settlement asset. The tool removes the need for pre-funded destination accounts, clearing transactions much quicker and without friction.

As Ripple explained, some of its earliest customers onboarded for the RippleNet cross-border payment system have already been upgraded and are now processing remittances using ODL. The company also added that it would integrate machine learning functionalities into the tool to bolster the customer experience.

Progress With SEC Lawsuit

Things are also looking up for Ripple Labs as the company continues to make good progress with its case against the Securities and Exchange Commission (SEC). The case, which will be two years old by December, has seen Ripple take significant measures to defend itself from securities fraud allegations and defend XRP from the dreaded “security” label given by the SEC.

So far, Ripple has had one form of success after another in this case. Now, the company is getting support from members of the broader crypto community – including names like Coinbase and the Chamber of Digital Commerce.

Earlier this month, the CoinShares Digital Asset Fund Flows report showed an influx of capital into XRP-based investment products. As the investment company opined, this shows increasing confidence in Ripple’s ability to win in this case.

Looking For Gains? Consider TARO

While the prospects for XRP continue to look attractive, it is worth noting that the asset isn’t the only promising coin out there. At the moment, investors are excited about TARO, a new metaverse token that is taking the market by storm.

TARO powers RobotEra, a metaverse-based gaming platform that allows players to build avatars and populate the virtual world. In RobotEra, players can purchase land, property, and other assets. All of these assets are non fungible tokens (NFTs), so players own what they buy in perpetuity and can use them to make a profit.

While world-building is its main objective, RobotEra will also be a communal metaverse, with players able to come together and enjoy different experiences.

TARO, the platform’s native token, is currently available on presale. The asset has already raised over $175,000 through the presale, showing massive investor demand. Investors can buy 1 TARO token at $0.020 now. Buy TARO on Presale

Read More:

Dash 2 Trade – High Potential Presale

Dash 2 Trade

Active Presale Live Now –
Native Token of Crypto Signals Ecosystem
KYC Verified & Audited

Dash 2 Trade

Join Our Telegram channel to stay up to date on breaking news coverage

Source link

You might also like
Leave A Reply

Your email address will not be published.