Whilst the future of Bitcoin is pretty certain at this point (regulation, institutional investment and some level of adoption), more industry specific cryptocurrencies such as Ripple XRP do have a slightly less clear path ahead of them. XRP has been designed as a cryptocurrency that is kept afloat by a range of technologies designed by Ripple. These technologies are attractive to institutions. Yes, they can help the retail investor and even retail banking customers, but generally speaking, Ripple’s technologies are far more interested in ensuring that their future exists within the banking and industrial sector.
We believe that XRP will always remain as a key investment and will always be a huge focus for cryptocurrency investors, though this may eventually be shadowed by the growth of Ripple as a project. Ripple want to take on the likes of Western Union and Moneygram, they want to facilitate vast payments across the globe in the cheapest and most efficient way possible. Since XRP is a product of that, when Ripple’s technologies grow, we can expect XRP to grow too, but does this mean XRP will end up on the back burner?
This is a worry for many. If XRP is left out of the grand plan, the vision of XRP reaching $10.00 slowly becomes far less realistic. This however may not be the case if investors stick with their XRP and keep investing. XRP is at risk of becoming stagnant if investors stop investing in it. Ripple themselves will continue to grow, but if we don’t interact with XRP, it could be left behind.
Remember though, this is very unlikely. Ripple have a financial interest in XRP and frankly our investments are helping to fund their growth. Ripple won’t let XRP stay behind, if anything, Ripple will only want to use XRP to help bolster and ensure the growth of their technologies going forward.
The future of XRP is a very promising one. Backed by Ripple’s growth and back by a growing demand for international payments, remittance payments and a faster and cheaper payment-sphere, XRP promises to remain as one of the worlds biggest cryptocurrencies. Granted, as an investment it may not have seen the most significant growth in value, but in market capitalisation and popularity, XRP is proving itself to be a very worthy and very adoptable cryptocurrency.
Author: Robert Johnson