Ripple on the downside, can it bounce back and rise again

Cryptocurrencies are the big trenders in 2017, and it will continue to rise to its promising position for finance and trade. Alt-coins such as Bitcoin, Ethereum, Litecoin and all are the forerunners for the emerging sector of cryptocurrencies. However, one particular player has caught attention for traders and cryptocurrencies users.

From a mere 0.76 USD/XRP on December 20 2017, to an all time high of 3.80(current time of published article), Ripple is indeed a powerhouse akin to its more valuable cousin, Bitcoin.

The result of this is the faith of multiple banks and governmental institutions, by putting the bet on its blockchain technology.

Multiple tech companies as profaned by Ripple on its twitter account that, "3 of the top 5 global money transfer companies plan to use XRP in payment flows in 2018." There is demand for the cryptocurrency and by which the notion of trade to occur in the future signals that massive trade volumes will increase within the start of 2018. Korean banks have decided to use Ripple's blockchain technology and transactions will be made soon in between the coming periods.

Volatility is less varied and its variance is less polarised. Due to its institutional backng and regulations, XRP is seen as a long-term assessment of a stable currency, much less of a short that resembles other cryptocurrencies such as LTC, BTC and ETH.

For investors who like to invest in the long-run, it is definitely the ideal entity which is less risk-adverse, view in maximum transparency and prices will be stable in the long-run.

Thank you for reading this article, if you enjoyed it.
Please do follow me at https://medium.com/@chongboonwong for any vis-a-vis of life, adventures and creative projects. :)