Ripple News Update
As XRP prices continue to shoot for the moon, investors are finally getting curious about Ripple’s long-term vision and how it differs from Bitcoin.
Google searches for XRP, for example, shot through the roof earlier in the week. This surge of interest gives Ripple (the company) a unique opportunity to educate the public on its overall mission.
Ripple CEO Brad Garlinghouse wasted no time in leveraging this opportunity. He held a Q&A yesterday, in which he answered some of investors’ most pressing questions. (Source: “Ask Me Anything with Brad,” Ripple Insights, December 14, 2017.)
Here are some of the highlights:
Question: “Will Ripple be on Coinbase and, if so, do you have any idea when?”
Answer: “The first thing I want the entire community to understand is XRP liquidity is a critical priority to the success of the business. Period. Full stop.”
Garlinghouse also said they weren’t “ready to announce” some partnerships, even though those partnerships may already be in the works. Considering that he said this in response to a direct question about Coinbase, we think it’s pretty telling.
Question: “What are your top three priorities for 2018?”
Answer: “Priority one is definitely around volume. Priority two, I would say is XRP liquidity. Making sure that on a global basis, as we continue to work with exchanges globally and market makers, making sure we are doing everything we can to make the XRP ecosystem successful around a liquidity basis. Priority three…is investing in other use-cases for the XRP ledger.”
Question: “How do you think the escrow will help us small investors?”
Answer: “I think the most important thing around the escrow is providing predictable supply…we did hear from the community that there was this overhang, so we said, you know what, we want to remove the perception there is a risk there.”
Ripple Price Chart:
This kind of outreach is incredibly important for the future of XRP. It will help investors understand how Ripple is creating real value for real customers, plus it could foster trust in the company’s management.
As such, it’s no surprise that XRP is up 43.49% against the U.S. dollar, putting the XRP to USD rate at $0.805804.
We hold on to our Ripple price prediction for 2018, which shows the XRP price reaching $2.00.