Ripple (XRP) Price Predictions: Where Does Red-Hot XRP Go Next?
[NEWS BLOG]: Ripple (XRP) Price Predictions: Where Does Red-Hot XRP Go Next?
Today, Ripple (CCC:XRP-USD) is seeing impressive performance relative to its cryptocurrency peers. Indeed, XRP is up more than 35% at the time of writing as Ripple (XRP) price predictions continue to drive bullish sentiment among crypto investors in this alt coin.
In general, crypto investors are seeing broadly bullish sentiment take hold today. That said, alt coins such as XRP are outperforming, for various reasons.
Ripple, and its cryptocurrency XRP, have been entangled in a messy legal battle with the SEC of late. However, in March, sources indicated that the judge overseeing the SEC case against Ripple made some pretty bullish comments for XRP holders. In the battle to determine whether XRP is a currency or a security, it appears the judge is viewing XRP’s value as one which is derived from its currency-like attributes as well as its utility, which separates XRP from other leading cryptocurrency options like Bitcoin (CCC:BTC-USD) and Ether (CCC:ETH-USD).
For XRP holders, that’s extremely good news. Indeed, the rise in XRP’s price of late has eclipsed the cryptocurrency’s losses stemming from the initial lawsuit. Today, XRP is gaining as alt coin investors pile into the world’s seventh-largest cryptocurrency.
OTHER RELATED NEWS
India Plans to Issue a National Blockchain Framework
The Indian government is preparing a national framework to support the wider deployment of blockchain use cases.
Minister of state for electronics and IT (MeitY) Sanjay Dhotre said Wednesday that the government is drafting an approach paper on the National Level Blockchain Framework which discusses the potential for distributed ledger technology and the need for a shared infrastructure for different use cases.
Dhotre made the announcement in a letter addressing questions about blockchain from members of the Lok Sabha, the lower house of the Indian parliament.
In particular, MP Parvesh Sahib Singh Verma asked whether the government had encouraged and conducted research - read more.
Iranian Conflict a Successful Beta Test for Bitcoin as Wartime Safe Haven
Bitcoin’s primary use-case is continuously evolving. At first, many thought the cryptocurrency would be the next generation payment method. Scaling issues and extreme volatility deterred many merchants from accepting BTC.
At that point, critics thought that the virtual currency would die. But, the number one crypto proved to be resilient as its value proposition changed into a store of value and as the only non-correlated asset in the world. In the last week, bitcoin’s use-case is making another transformation.
An analyst tracked bitcoin’s performance as the turmoil in Iran escalated. It appears that one of the surprising consequences of geopolitical risk - read more.
All 7-Eleven Stores Across the Philippines Now Sell Bitcoin
Cryptocurrency investment app Abra starts selling crypto for cash in all 7-Eleven stores across the Philippines with a new partnership with payment processor ECPay.
Crypto in 6,000 outlets in the Philippines.
Abra announced on Sept. 18 that the partnership will bring crypto to 6,000 retail outlets across the Philippines, including all 7-Eleven stores. The company says that the aim of the partnership is to make acquiring cryptocurrency easier: “Using new digital tools that open up financial access shouldn’t be hard. And they shouldn’t be complicated. Moving cash to crypto and other digital assets should be simple and fast. That’s why we are - read more.