XRP (XRP/USD) showcases bullish signals as there is a high level of optimism surrounding the outcome of the SEC lawsuit.
Additionally, XRP Healthcare also partnered with ScriptCo, which can further boost the appeal of the cryptocurrency and network.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
XRP is the native cryptocurrency of the XRP Ledger (XRPL), which is an open-source, permissionless, and decentralized technology.
Partnership with ScriptCo and whale accumulation as catalysts for growth
RippleNet is a platform created in 2012 that offers banks and institutions access to a real-time gross settlement system. Ripple is a San Francisco-based startup that creates software used by banks.
XRP is used within the ecosystem built by Ripple. However, XRP is not issued by Ripple and can live on even if Ripple ceases to exist.
With that in mind, whale addresses on the XRP Ledger that own between 100,000 and 10,000,000 cryptocurrencies have expanded their holdings.
The value of XRP began to surge as the U.S. Securities and Exchange Commission (SEC) and Ripple Labs began finding ways through which they could finish their litigation.
On December 13, 2022, 300 million XRP were moved from Binance with an estimated value of $116 million based on data from Whale Alert.
Other transactions went to the Bitstamp exchange, where 35 million XRP, estimated at $13.8 million, was transferred.
The end of the 2020 SEC-filed lawsuit against Ripple sparks interest in XRP with an optimistic view.
ScriptCo is a pharmacy in America that services 48 states plus Washington DC and will be the exclusive distributor of medication and prescription drugs for America on the XRP Healthcare Marketplace, based on an official press release.
Should you buy XRP (XRP)?
On December 15, 2022, XRP (XRP) had a value of $0.379.
The all-time high of the XRP (XRP) cryptocurrency was on January 7, 2018, at a value of $3.40. Here we can see that at its ATH, the token was $3.021 higher in value, or 797% higher.
When we go over the 7-day performance of the token, XRP (XRP) had its low point at $0.373874, while its high point was at $0.396297. Here we can see a difference of $0.022423 or by 6%.
However, when we take a look at the 24-hour performance, XRP (XRP) had its low point at $0.378222, while its high point was at $0.394273. This marked a $0.016051 difference or by 4%.
Investors will want to take advantage of the bullish outlook and buy XRP as it can climb to $0.45 in value by the end of December 2022. With its current momentum, XRP can reach $1 by the end of April, 2023.
Credit: Source link
