Despite the continuous news about the Ripple (XRP) world, the third crypto per market cap remains still in the red zone, without being able to ride the upward waves of the crypto market recorded in 2019.
According to an analysis, from January 2019 until this November, all the main cryptocurrencies have fluctuated in price showing significant growth. All except the crypto famous for its on-demand banking liquidity which, instead, seems to be paralysed in its market value.
Here is the tweet of the analyst and crypto trader, CryptoThies:
Coins in Jan 2019 vs Nov 2019 $BTC = $3.7k –> $9.2k$ETH = $133 –> $185$LTC = $31 –> $58$XRP = .34c –> .29c$BNB = $5 –> $20 $LINK = .30 –> $2.68$EOS = $2.56 –> $3.31$BSV = $89 –> $132$BCH = $154 –> $294
MCap has 2x'd in USD & $XRP still ended up in the red.
— Eric Thies 📈 (@ThiesTrades) November 3, 2019
A situation that, however, does not seem to reflect the latest news regarding the increase in the adoption of XRP with the banking partnerships of the Ripple company.
Just a few days ago, the banking giant SBI Holding announced its intention to extend the adoption of XRP from Japan to Southeast Asia. Not only that, but just today the Vietnamese TPBank also announced its desire to integrate the payment system of SBI Ripple Asia, the subsidiary of SBI Holding in Asia, and therefore use RippleNet.
But all this, at the moment, does not seem to affect the market price of the third cryptocurrency.
A possible explanation for a non-increase in price can be attributed to Ripple’s continuous dumping. Only in the third quarter of this year, Ripple dumped over $66 million. Moreover, during this 2019 there were also discrepancies between the reports published by Ripple and the real funds recorded on the XRP ledger.
In any case, in contrast to the market, the whirlwind of news in Ripple’s house regarding its XRP crypto seems to continue.
Another novelty, in fact, is the ODL or On-Demand Liquidity of XRP that offer the possibility for users to obtain liquidity on demand whenever they need it. A new version of the xRapid service that just today seems to have surpassed its liquidity record of XRP, going from 3 million XRP to 4 million XRP.
According to Liquidity Index Bot, on November 1st, XRP’s liquidity through Bitso’s Mexican gateway would have been exactly 4.14 million XRP.