XRP price to pull north as Ripple beckons financial institutions to adopt XRPL XRP token
Ripple (XRP) price could pull north after a steep multi-week fall. The optimism comes after HSBC, one of the largest banks in the world, chose Ripple as its custody technology. To some, the partnership is a clear manifestation of financial institutions looking to adopt XRPL and most importantly XRP token.
Metaco’s HSBC deal with Ripple foreshadows possible growth for XRP
Ripple acquired Swiss digital asset custody firm, Metaco, earlier in the year. However, recent revelations that the firm is working with one of the world’s largest banks, HSBC, have excited bullish sentiment for XRP community members.
According to XRP community members, HSBC choosing Ripple as its custody technology partner is a clear manifestation of financial institutions looking to adopt XRPL and most importantly XRP token.
According to Metaco CEO Adrien Treccani, “There is an indirect link between Ripple protocols and Metaco’s banking clients. Treccani explains this correlation as the adoption of Ripple and Metaco's solutions further promoting the adoption of the XRPL as a protocol,” adding that, “Every success of Ripple the company is also a success for the XRP Ledger.”
Ripple has been active in courting banks with the goal of streamlining cross-border payments. Treccani points to XRPL as one of the longest-serving examples of a private tokenization blockchain.
As such, the amalgamation of Metaco and Ripple provides a complete suite, made up of an infrastructure layer and a services layer, delivering a financial powerhouse with a well-packaged vertical stack comprising tokenization life cycle, payments primitives, and liquidity management all from one vendor.
Ripple (XRP) price could pull north after a steep multi-week fall. The optimism comes after HSBC, one of the largest banks in the world, chose Ripple as its custody technology. To some, the partnership is a clear manifestation of financial institutions looking to adopt XRPL and most importantly XRP token.
Metaco’s HSBC deal with Ripple foreshadows possible growth for XRP
Ripple acquired Swiss digital asset custody firm, Metaco, earlier in the year. However, recent revelations that the firm is working with one of the world’s largest banks, HSBC, have excited bullish sentiment for XRP community members.
According to XRP community members, HSBC choosing Ripple as its custody technology partner is a clear manifestation of financial institutions looking to adopt XRPL and most importantly XRP token.
According to Metaco CEO Adrien Treccani, “There is an indirect link between Ripple protocols and Metaco’s banking clients. Treccani explains this correlation as the adoption of Ripple and Metaco's solutions further promoting the adoption of the XRPL as a protocol,” adding that, “Every success of Ripple the company is also a success for the XRP Ledger.”
Ripple has been active in courting banks with the goal of streamlining cross-border payments. Treccani points to XRPL as one of the longest-serving examples of a private tokenization blockchain.
As such, the amalgamation of Metaco and Ripple provides a complete suite, made up of an infrastructure layer and a services layer, delivering a financial powerhouse with a well-packaged vertical stack comprising tokenization life cycle, payments primitives, and liquidity management all from one vendor.
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Name: AI talk
Symbol AIT
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Exchange: layer3ex.io
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Exchange: layer3ex.io
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Preparing For Massive Bullish Rally Formed Symmetrical Triangle & Approaching Towards Key Resistance Trendline Incase Of Breakout Expecting 2-3x Bullish Wave In Coming Days✍️
Preparing For Massive Bullish Rally Formed Symmetrical Triangle & Approaching Towards Key Resistance Trendline Incase Of Breakout Expecting 2-3x Bullish Wave In Coming Days✍️
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XRP price stuck under $0.65 despite Bitcoin hitting $38,000 three times in one week
Ripple (XRP) and Bitcoin (BTC) prices do not show parity. Despite both featuring among the crypto top three, Ripple price is stuck under $0.6500 while Bitcoin has managed to foray north, testing the $38,000 psychological level for the third time in a week.
Wow. I never realised XRP’s
price performance was this poor
compared to other major coins
and not only compared to Bitcoin
and Ethereum. It has of course
been under the cloud of a SEC
investigation and then lawsuit
that entire period but you would
think it would have caught up…
Following the court’s determination about XRP’s security status, and its confirmation by Judge Analisa afterwards, the Ripple community has a lot of hope for the token. CEO Brad Garlinghouse at some point said that XRP is the next Bitcoin if it solves a multi-trillion dollar problem.
BOOOOOOOOOOOOOOOOOM
#XRP IS THE NEXT BITCOIN!
On this comparison, legal expert Bill Morgan challenges the narrative that selling pressure is what is keeping Ripple price stunted.
Is that selling pressure
suppressing XRP price? I say no.
Firstly, it’s not 3 billion XRP per
quarter. That much is released
from Escrow by Ripple but about
800 million XRP per month is put
back into escrow. Secondly 200 million XRP per
month is not much compared to
XRP volume…
Meanwhile, Ripple price has investors at the edge of their seats. They continue to remember September 4, when Ripple CTO Stuart Alderoty opined that XRP could emerge as the world’s reserve currency one day. In his opinion, much of the world would be satisfied with a currency that no one controls being used as the world’s reserve currency.
Ripple (XRP) and Bitcoin (BTC) prices do not show parity. Despite both featuring among the crypto top three, Ripple price is stuck under $0.6500 while Bitcoin has managed to foray north, testing the $38,000 psychological level for the third time in a week.
Wow. I never realised XRP’s
price performance was this poor
compared to other major coins
and not only compared to Bitcoin
and Ethereum. It has of course
been under the cloud of a SEC
investigation and then lawsuit
that entire period but you would
think it would have caught up…
Following the court’s determination about XRP’s security status, and its confirmation by Judge Analisa afterwards, the Ripple community has a lot of hope for the token. CEO Brad Garlinghouse at some point said that XRP is the next Bitcoin if it solves a multi-trillion dollar problem.
BOOOOOOOOOOOOOOOOOM
#XRP IS THE NEXT BITCOIN!
On this comparison, legal expert Bill Morgan challenges the narrative that selling pressure is what is keeping Ripple price stunted.
Is that selling pressure
suppressing XRP price? I say no.
Firstly, it’s not 3 billion XRP per
quarter. That much is released
from Escrow by Ripple but about
800 million XRP per month is put
back into escrow. Secondly 200 million XRP per
month is not much compared to
XRP volume…
Meanwhile, Ripple price has investors at the edge of their seats. They continue to remember September 4, when Ripple CTO Stuart Alderoty opined that XRP could emerge as the world’s reserve currency one day. In his opinion, much of the world would be satisfied with a currency that no one controls being used as the world’s reserve currency.
Signal
Buy
Name: AI DOGE
Symbol AIDG
Contact address:
0x861ccbc23ee8c7bd39649717dc22e4d9879ff205
Exchange: layer3ex.io
Wallet: Trustwallet
#Bep20 #BSC
Buy
Name: AI DOGE
Symbol AIDG
Contact address:
0x861ccbc23ee8c7bd39649717dc22e4d9879ff205
Exchange: layer3ex.io
Wallet: Trustwallet
#Bep20 #BSC
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Descending Channel Breakout & Retest Has Already Confirmed Expecting Bullish Rally Towards 75 - 80$ In Common Weeks ✍️
Descending Channel Breakout & Retest Has Already Confirmed Expecting Bullish Rally Towards 75 - 80$ In Common Weeks ✍️
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Breaking Descending Channel Incase Of Successful Breakout Expecting 2x Bullish Rally In Midterm ✍️
Breaking Descending Channel Incase Of Successful Breakout Expecting 2x Bullish Rally In Midterm ✍️