The Rebound of XRP

Earlier this year, Ripple Labs launched two new whitepapers: one analyzing its current consensus algorithm and the other covering its plan to improve its connection and verification systems. These releases indicate its determination to continuously upgrade its technology. As a crypto currency designed for transactions, XRP piloted its new xRapid network in May, and launched the network in October. In addition to UBS, UniCredit and over other 100 members from earlier stages, UAE Exchange and Saudi National Commercial Bank have also joined RippleNet this year, looking to benefit from its instant, transparent global payments method.

In the last three months, XRP has shown a strong performance, gaining almost 50%.

MVIS CryptoCompare XRP Index versus
MVIS CryptoCompare Digital Assets 10 Index versus
MVIS CryptoCompare Digital Assets 100 Index