Rally

MN Coin

<div class="watcher-guru">
 <p>Fiona Murray, Ripple’s VP of Sales in APAC (Asia-Pacific), more than 500 companies have partnered with the fintech company and use XRP as a bridge currency. Murray made the revelation at the Ripple Payment Roadshow in Melbourne, Australia.&nbsp;The Australian Trade &amp; Logistics Corporation (ATLC) hosted the event earlier this year in August.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP to Rally 200% and Hit $1.88: Predicts Analyst</strong></p>
 <p>According to Murray, “<strong><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> believes in utility. <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has always taken that baseline technology, and we’ve said from the beginning that every technology needs a use case. For us, the very clear use case is payments.</strong>“</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p>Murray further highlighted that the XRP ledger is built for payment services.</p>
 <p><strong>Also Read: Does Rite Aid Do Money Orders?</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <h3 class="wp-block-heading" id="h-will-ripple-s-xrp-token-rally-to-1">Will Ripple’s XRP token rally to $1?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp" alt="XRP" class="wp-image-118802" srcset="https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 1024w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 300w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 768w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 380w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 550w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 800w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 1100w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source – Crypto
  </figcaption>
 </figure>
 <p>Institutional adoption is one of the biggest drivers for the price of an asset. <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has over 500 companies that use its services. Moreover, many expect the number to grow over the next few years. With more firms using XRP, we may soon see a spike in the token’s price.</p>
 <p>Furthermore, Ripple was partially victorious in its legal battle with the SEC (Securities and Exchange Commission). A US court ruled that Ripple selling XRP to retail investors did not violate securities law. The “non-security” label and increased adoption could push XRP’s price to new heights.</p>
 <p>Moreover, OpenAI’s ChatGPT chatbot claims that <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP could surge to $3 in 2024. The chatbot cites <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s victory against the SEC and the possibility of a bull run in 2024 as possible reasons for an XRP rally.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP: ChatGPT Predicts 400% Rally to $3, Here’s When</strong></p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p>Although Ripple’s XRP has faced a 1.6% and 7.5% correction in the last 24 hours and 14 days, respectively, the token is still up by over 77% since the beginning of the year. If we enter a bull run in 2024, XRP might surpass its all-time high of $3.40, which it attained in January 2018, almost 6 years ago.</p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>Ripple</li>
  <li>xrp</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-over-500-companies-use-xrp-as-a-bridge-can-it-hit-1-tbt72249.html">https://thebittimes.com/ripple-over-500-companies-use-xrp-as-a-bridge-can-it-hit-1-tbt72249.html</a></p>

Ripple: Over 500 Companies Use XRP as a Bridge, Can it Hit $1?

Table of Contents

TheBitTimes

Other articles published on Nov 30, 2023

XRP Price Prediction as $1 Billion Trading Volume Comes In – Can XRP Reach $1 This Week?

US Treasury Asks Congress For More Power To Hunt Down Crypto Bad Actors, Including Overseas

According to Novogratz, Developments at Binance are Positive for Bitcoin and the Crypto Sector!

Argentina Makes Complete U-Turn, Declines BRICS Invitation

Elon Musk’s bold stand: Advertisers can ‘Go F*** Yourself’ amidst X controversy

Can Avalanche (AVAX) And Polkadot (DOT) Overcome Red Market Challenges For A Strong Year-End Rally?

Join our free newsletter for daily crypto updates!