Ripple Price Forecast and Analysis – August 18, 2017
Ripple Price Forecast Nothing much happened in XRP trading yesterday, apart from a minor dip around midnight, and a small bump around 8:00 a.m (UTC).
The lack of movement suggests investors are still underreacting to this week’s Ripple news about “Lightning” payments and an expansion into China. The Lightning network is particularly important, as Ripple claims it can now facilitate payments across different ledgers.
Ripple Price Forecast
In other words, a payment can be made in Bitcoin but arrive in Litecoin. The transaction would simply slip from one blockchain to the other, smoothed along by Ripple’s “Interledger” protocol.
For the past two weeks, investors have been obsessed with Bitcoin and its offspring, Bitcoin Cash. It sucked up all the air in the room. But as expected, Bitcoin survived the attempted coup d’etat, which led to a massive rally in BTC prices.
Investors let tunnel vision for Bitcoin blind them to positive news elsewhere. That said, we are starting to see the environment rebalance.
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