3 Main Causes That Can Boost XRP Prices In This Year Or In 2019

[MUGNIA]

Boosting the Price of XRP - Community XRP (XRP) is probably the most bullish one in the crypto space. They are always bullish, regardless of the direction that hit this coin. Price projections such as $ 589 have become very broad targets in this community. Maybe this might seem outrageous, a scene in front of the market that allows the XRP to be truly right. Therefore, let's look at the main factors that can boost XRP prices this year.

1. Optimal Use of XRapid
Even though it's so widely expected that XRapid will live a run of XRP prices, that's really a very pleasant statement. With the presence of this feature can provide the banking industry to be able to transact instantly. Now that the XRapid platform is ready, the next step is they begin to Use. Considering the bureaucratic nature of most financial institutions, this can take time, but it will happen.

Already some financial institutions use XRapid, and the visible bank will also adopt it, because of the need. The needs of people who buy are better in cross-border payments. Therefore, if the bank does not adapt and change, they will lose to those who have offered instant payments

2. Development of more strategic partnerships and wider adoption by banks.
Recently, the head of SBI announced that they were looking for a project where R3 Corda could use XRP. This has sparked speculation that the two platforms can work together. Such a possibility is reinforced by the fact that SBI has personal interests both in ripple and R3. If these two platforms work together, then bank integration will occur quite quickly, and this will add to the momentum that has been built around XRP.

3. Changes in the regulatory environment
There is no doubt that the regulatory environment around XRP and cryptocurrency, in general, is getting better. For example, in Japan and most Asian countries, the government loosened their position on crypto. Even in the US, a number of steps by regulators show a scenario where they move closer to accepting cryptographic reality.

For example, Coinbase was recently approved to offer custodial services for XRP and other digital currencies. After the SEC comes out clearly and states that XRP is currency, it will open the door for step 2 (adoption) and open the actual XRP value.

The steps above provide a good picture for XRP and reveal the fact that XRP permabulls may not be delusional. This is a coin that can change the financial market forever.

source & translated from:https://kabarcoin.com/mendongkrak-harga-xrp/