{"id":327096,"date":"2023-07-13T09:00:25","date_gmt":"2023-07-13T03:30:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=327096"},"modified":"2024-02-21T17:30:23","modified_gmt":"2024-02-21T12:00:23","slug":"ripple-report-shows-an-optimistic-future-does-xrp-follow-lead","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ripple-report-shows-an-optimistic-future-does-xrp-follow-lead\/","title":{"rendered":"Ripple seems optimistic; will XRP follow lead?"},"content":{"rendered":"<ul>\n<li><em>Ripple&#8217;s new report underscores a promising future for blockchain.<\/em><\/li>\n<li><em>XRP fails to drum up enough volume to overcome short-term hurdles.<\/em><\/li>\n<\/ul>\n<p>There has been a growing consensus on the idea that blockchain tech will be embedded in global finance. More people now believe in that possibility now more than ever, including leaders in the finance industry.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">How many are 1,10,100 XRPs worth today<\/p>\n<hr \/>\n<p>In fact, the number of finance industry executives that are jumping on the blockchain hype train is at an all-time high. According to <a href=\"http:\/\/ambcrypto.com\/ripple-is-the-lbry-verdict-foreshadowing-the-future\/\">Ripple\u2019s<\/a> 2023 New Value Report, more than 90% of finance industry leaders are now believers.<\/p>\n<p>The same report claims that they expect blockchain to not only have an impact on the financial industry but also on businesses, as well as society in general.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/ More than 90% of global finance leaders think <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/DigitalAssets?src=hash&amp;ref_src=twsrc%5Etfw\">#DigitalAssets<\/a> will significantly impact business, finance and society in the next 3\ufe0f\u20e3 years.<\/p>\n<p>Let&#8217;s break down more <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> trends from our 2023 New Value Report. ?<\/p>\n<p>\u2014 Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1679156273143754752?ref_src=twsrc%5Etfw\">July 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The same report revealed that 58% of the finance industry heads believe that the biggest benefit from blockchain and crypto will be payments. Especially cross-border payments. Tokenization was also among the use cases that will drive growth according to the correspondents. Interestingly, the two are within the scope of Ripple\u2019s operations.<\/p>\n<p>Ripple is uniquely positioned to take advantage of the opportunities in the cross-border and tokenization segments. The long-standing <a href=\"http:\/\/ambcrypto.com\/ripple-expands-potential-as-xrp-forges-ahead-despite-legal-battle\/\">legal battle<\/a> between Ripple and the SEC biggest drawback or deterrent to its plans.<\/p>\n<h3><strong>What lies ahead for XRP?<\/strong><\/h3>\n<p>Although recent developments shifted the possible outcome of the lawsuit in favor of Ripple, there is still the risk of a different outcome. Traders and investors are aware of this, which is why <a href=\"http:\/\/ambcrypto.com\/why-xrp-may-be-ready-to-overturn-long-standing-nosedive\/\">XRP<\/a> has been struggling to recover above $0.50.<\/p>\n<p><a href=\"http:\/\/ambcrypto.com\/xrp-defends-0-46-yet-again-but-a-move-downward-looks-likely-as\/\">XRP traded at $0.47<\/a> at press time after sliding for the last three weeks. Traders should note that, as of 12 July, it was struggling to secure directional volumes at an ascending support level. Also, its price action demonstrated some support weakness which suggested a notable probability of sliding lower.<\/p>\n<figure id=\"attachment_327099\" aria-describedby=\"caption-attachment-327099\" style=\"width: 941px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/XRPUSD_2023-07-13_01-54-39.png\"><img decoding=\"async\" class=\"wp-image-327099 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/XRPUSD_2023-07-13_01-54-39.png\" alt=\"XRP price action\" width=\"941\" height=\"520\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/XRPUSD_2023-07-13_01-54-39.png 941w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/XRPUSD_2023-07-13_01-54-39-300x166.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/XRPUSD_2023-07-13_01-54-39-768x424.png 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><\/a><figcaption id=\"caption-attachment-327099\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>XRP\u2019s money flow registered a bit of an uptick more recently after almost dipping into oversold territory. This does not necessarily mean that it is safe from the bears. On the other hand, there are some on-chain findings that may support a bullish bounce in the next few days.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here\u2019s<a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">\u00a0XRP market cap in BTC<\/a>\u2018s terms<\/p>\n<hr \/>\n<p>Investor sentiment has been on a steady uptick for the last 30 days as indicated by the weighted sentiment metric. Ripple\u2019s growing development activity could also be a contributing factor to the growing investor confidence.<\/p>\n<figure id=\"attachment_327098\" aria-describedby=\"caption-attachment-327098\" style=\"width: 952px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/TRX-development-activity-and-weighted-sentiment.png\"><img decoding=\"async\" class=\"wp-image-327098 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/TRX-development-activity-and-weighted-sentiment.png\" alt=\"Ripple weighted sentiment and devlopment activity\" width=\"952\" height=\"430\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/TRX-development-activity-and-weighted-sentiment.png 952w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/TRX-development-activity-and-weighted-sentiment-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/TRX-development-activity-and-weighted-sentiment-768x347.png 768w\" sizes=\"(max-width: 952px) 100vw, 952px\" \/><\/a><figcaption id=\"caption-attachment-327098\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>Although the above findings favor a potential upside, low buying pressure continues to hold back the XRP bulls. This is coupled with uncertainty regarding the legal battle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Ripple\u2019s 2023 New Value Report, more than 90% of finance industry leaders believe in the potential of the cryptocurrencies. However, despite such promising updates, XRP&#8217;s buying pressure highlights an alternate reality. <\/p>\n","protected":false},"author":63,"featured_media":327100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,4,20],"tags":[],"class_list":["post-327096","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ripple seems optimistic; will XRP follow lead? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"There has been a growing consensus in the idea that blockchain tech will be embedded in global finance. 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