Ripple (XRP) News – Is Ripple about to end its dispirited run?

Ripple (XRP) has hogged the limelight for a long time. It’s fundamentals improved as well. It has come a long way from just offering blockchain solutions to corporates. These days, products like xRapid, xCurrent, xVia solutions which it has on offer are plenty. Moreover, it has been consistently developing its liquidity solutions for enterprises. The users of the RippleNet blockchain are increasing steadily. Now, you might think that it would have performed spectacularly in the last few years, but this is not true. Sadly, when you look at its performance in the past 12 to 14 months, it has been below par. The question which most of the ripple (XRP) investors are asking is, whether it is about to end its disspirited run.

Is Ripple about to end its dispirited run?

In the initial days, RippleNet was considered to be useful only for the banks and financial institutions. That is why, there was always a fear whether it will be adopted by the banking industry at large or not. In the year 2019 however, all of that is changing. There are marque institutions like World Bank, EU commission and IMF who are taking note of ripple (XRP) products. It clearly indicates that Ripple (XRP) is doing something right. These mentions and acknowledges of their work might be the reason why ripple (XRP) might be able to break its hiatus and continue the rally once again. We will look more closely into these accolades and also highlight the reason why these might be the next a trigger for ripple (XRP). While these might not be the trigger directly but the increased attention and focus on ripple (XRP) products might in turn bring Ripple (XRP) more clients which may benefit it.

Focus from World Bank:

xRapid caught the attention of World Bank. In March 2019, World Bank sang the praises of this product and the underlying blockchain technology on their official site. It was of the opinion that due to this product Ripple, remittance costs have come down specially in far-flung areas.

Attention from IMF:

Christine Lagarde, the chairperson of IMF is positive on the blockchain technology. More so on ripple. She believes that the blockchain technology can streamline various activities in the financial industry. It will bring in more efficiency in the financial sector which will help the industry and also its consumers.

Steps taken by EU commission:

In this very month, EU commission announced that it was setting up International Association of trusted blockchain applications. The association aims to work as an interface between the regulators and the blockchain industry to create proper standards for development. It will work as an interface between all the stakeholders including international organizations and start-ups to build more trust around the popular blockchains. Ripple is one of the founding members of this association. It is also leading the initiatives to break the deadlock for higher usability of blockchain technology. It clearly indicates that Ripple is doing everything in its power to increase the use of not just its own blockchain products but also other trusted blockchain’s.

With so much going for it, Ripple (XRP) can surely break the bad run and start climbing once again. Considering the fact that it has lost more than 80% of its value, it is a long way to go.