This 1 New Catalyst Shows Why XRP Will Climb Above $3
XRP's (CRYPTO: XRP) price is currently near $2.14, but, in keeping with the coin's momentum over the last year or so, there's now yet another driver for it to climb to above $3 and beyond.What's more, there's yet another piece of evidence that it's going to see more use for precisely what its creators intended, and by the exact demographic that's positioned to get the most mileage. Let's break down what's new with XRP and why it's a bullish factor for its price in both the near term and the long term.As of Feb. 19, institutional investors in Brazil are allowed to hold and trade exchange-traded funds (ETFs) that hold XRP. Now, the investors at those financial institutions will be able to contribute to the volume of traffic on XRP's chain, which as of the afternoon of Feb. 26 was nearly $7 billion over the preceding 24 hours.Continue reading
XRP's (CRYPTO: XRP) price is currently near $2.14, but, in keeping with the coin's momentum over the last year or so, there's now yet another driver for it to climb to above $3 and beyond.
What's more, there's yet another piece of evidence that it's going to see more use for precisely what its creators intended, and by the exact demographic that's positioned to get the most mileage. Let's break down what's new with XRP and why it's a bullish factor for its price in both the near term and the long term.
As of Feb. 19, institutional investors in Brazil are allowed to hold and trade exchange-traded funds (ETFs) that hold XRP. Now, the investors at those financial institutions will be able to contribute to the volume of traffic on XRP's chain, which as of the afternoon of Feb. 26 was nearly $7 billion over the preceding 24 hours.
