XRP has always been one of the leading cryptocurrencies, being in the top ten and for many years ranking in the top three.
It too has suffered form the major correction and bear market that we’re currently in, but the price of XRP has also and already been frozen due to other issues such as it’s ongoing case with the SEC.
In the meantime it has not slowed ripple down at all. In fact many international banks and other financial institutions have already partnered with and many more continue to partner with the cross border payment company. This is why I think we should keep an eye out for XRP.
Regardless of the outcome of the SEC vs Ripple case (which is more likely to be a win for ripple or some sort of settlement), XRP will be the first cryptocurrency to have some regulatory clarity, allowing investors and financial institutions to engage with ripple with confidence.
Ripple provides a service that the banks and financial institutions don’t have the platform or capacity to perform at the speed that Ripple can, making them a very useful partner in order to remain relevant in a competitive field.
It’s difficult to imagine that financial institutions will disappear with the rise of cryptocurrency, it’s much more likely that they will adapt to the new market.
Just as the early days of the internet the question was not of the internet is the future rather which company or companies to invest in who will make out on top , the same can be applied to the world of crypto the question is not is it where the world is heading, rather which of the competing entities will emerge and rise to the top.
The brave can find the new, but perhaps the cautious will find the bridge between the current and the future.