Ripple

Is XRP-Army Ripple’s Magical Wand, XRP Price Reclaim $1.2 By the 28th Of February? 

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Feb 8, 2022

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Highlights

    XRP price action outperforms its bigger rivals in the industry while reclaiming the sixth position by market capitalization.

    Ripple leadership predicts the future of the crypto industry for the year 2022, whilst industry proponents fret over an incoming turmoil.

The global cryptocurrency market never fails to surprise folks from the industry and beyond. Has now come as a surprise, as its lawsuit struck digital asset XRP, outnumbers its bigger industry rivals. Which had settled to dormancy for a brief period of time. Successively XRP has now dethroned Cardano, to reclaim its sixth position by market cap.

The XRP Army has been rejoicing over the gains of the digital asset and has taken the recent ruling by the court sportingly. The fraternity now pins optimistic hopes on justice prevailing in its favor, which could further propel the digital asset. In the interim, Ripple leadership predicts the future of the crypto industry for the year 2022. Whilst on the contrary, industry proponents fret over an incoming turmoil.

Has XRP Now Turned Immune To Its Limitations?

The recent ruling coming from Judge Torres as previously reported by CoinPedia has thundered the interests of the masses. The order to unseal the three documents is now the talk of the town. And the XRP army holds a bullish outlook towards justice prevailing in its favor.

Successively, the price of XRP has been in a state of dormancy for a brief period of time. Has now outperformed industry rivals by a greater margin. The digital asset at the time of press is changing hands at $0.889, with gains of 19.3%. XRP has managed to reclaim its $42 Billion market cap and has dethroned Cardano to conquer the sixth position. 

Is Ripple Inline With The Firm’s Prediction For 2022? 

Ripple leadership believes 2022 to be a big year for the crypto industry. And predicts the dramatic rise of crypto payments, NFTs going mainstream, regulators setting up, and the onset of the multichain future. In succession, Ripple is leaving no stones unturned in its quest, with respective initiatives.

Consecutively, Ripple’s hold in cross-border payment systems, ODL, initiatives with CBDC. Alongside partnerships with nations gives it an edge over rivals. Coming to NFTs, the firm has it sorted with its $250 M creator fund. Moreover, executives from Ripple X believe the innovation in areas like DeFi could also propel the growth of NFTs. As a wallet could empower the transaction activities of NFTs.

In addition, a justice prevailing in Ripple’s brawl against the SEC would give XRP its biggest USP. Which for a brief period had been a thorn in its feet. Moreover, Ripple’s partnerships with government entities across nations excluding the U.S keep it in line with its vision.

Summing up, the overwhelming price trajectories alongside the optimism, and the leadership’s vision have brought in a cheerful environment. However, not everything is as it is desired to be, as notable journalists and proponents fret over the pending White House report on Cryptos.

That could negatively impact Ripple’s case, with a possibility of classifying XRP as a security. That said, as previously mentioned, Ripple’s global presence could be a hedge against odds.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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