{"id":163085,"date":"2022-09-02T01:37:04","date_gmt":"2022-09-02T01:37:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=163085"},"modified":"2022-09-02T01:37:04","modified_gmt":"2022-09-02T01:37:04","slug":"crypto-community-sees-xrp-price-explode-upward-in-september-data-shows","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/crypto-community-sees-xrp-price-explode-upward-in-september-data-shows\/","title":{"rendered":"Crypto Community Sees $XRP Price Explode Upward in September, Data Shows"},"content":{"rendered":"<p>The cryptocurrency community is predicting that the price of $XRP will explode upward to end the month of September at $0.4917, which would mean the cryptocurrency\u2019s price would rise 51.3% from its current $0.324 level.<\/p>\n<p>The figures come from CoinMarketCap\u2019s price estimate feature, which saw over 1,200 users predict the cryptocurrency\u2019s price for the end of the month. Looking at October, the cryptocurrency community expects XRP to trade at $0.412, up around 26.7% from current levels.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2022\/09\/Web-capture_1-9-2022_121427_coinmarketcap.com_.jpeg\"><\/p>\n<p>Notably, the price of XRP has recently hit a two-week high of $0.37 before dropping to its current level. The high came as the XRP Ledger processed three large transactions worth $51 million and involving large cryptocurrency exchanges Bitso and FTX, as Finbold reports.<\/p>\n<p>As CryptoGlobe reported, the education arm of the world\u2019s largest crypto exchange (by trading volume), Binance Academy, has said the XRP Ledger is the \u201cfirst major blockchain to be certifiably carbon-neutral.\u201d<\/p>\n<p>In a newly released video, Binance Academy noted that the main application of the ledger is payments, as the XRP Ledger allows assets to be \u201cmoved across the world, enabling near instant money transfers for remittances, treasury payments, payrolls, and other cross-border payments.\u201c<\/p>\n<p>The XRP token\u2019s price has been somewhat muted over a lawsuit the U.S. Securities and Exchange Commission (SEC) filed against Ripple and two of its executives alleging they \u201craised over $1.3 billion through an unregistered, ongoing digital asset securities offering.\u201d It negatively impacted the price of XRP, as after the lawsuit was announced most cryptocurrency exchanges started delisting the token to avoid any repercussions, affecting its liquidity.<\/p>\n<p>Despite the ongoing legal battle, XRP\u2019s price could be benefiting from Ripple\u2019s expansion of its On-Demand Liquidity (ODL) product, which is powered by the XRP token. As reported, Ripple has recently announced that Travalex Bank\u00a0\u2014 a subsidiary of Travelex, which is the world\u2019s largest exchange business specialist \u2014 in Brazil has started using its XRP-powered On-Demand Liquidity (ODL) solution.<\/p>\n<h2>Image Credit<\/h2>\n<p><em>Featured Image via\u00a0Pixabay<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/09\/crypto-community-sees-xrp-price-explode-upward-in-september-data-shows\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency community is predicting that the<\/p>\n","protected":false},"author":3,"featured_media":163084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Community Sees $XRP Price Explode Upward in September, Data Shows - 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