XRP, the cryptocurrency that was built by the blockchain firm, Ripple and now stands at the third position on CoinMarketCap recently had several big events occurring in its ecosystem. Some of the highlights were the approval of XRP Tip Bot app by Apple and Google stores, the launch of xRapid for commercial use, and the Ripple financial report for Q3, among others.
This week, a third party research analyzed the intrinsic price of XRP to be at $1.75, which is above 200% upside potential of the cryptocurrency. In the same report, it was also mentioned that the apparently false representation of XRP as Ripple can hinder the success of the ecosystem and is a current risk to its progress. However, it eliminated the allegations that call XRP a centralized ecosystem.
It was also recently reported that around 21,000 XRP was donated to a hospital called St. Jude Children’s Research Hospital through Tip Bot and Coil. Regarding this, the creator of Tip Bot, Wietse Wind wrote:
“Thank you for all your efforts and support @kingblue_XRP & #XRPCommunity – And hats off to @StJude keeping an open mind, being one of the first charities to publicly accept $XRP donations”
Yesterday, another success for XRP was when the Canadian cryptocurrency platform that is now live in over 60 countries announced its support for the cryptocurrency. It stated that that about 20 pairs of XRP will be listed on the exchange for the users to trade. Some of the fiat currencies that would be paired with XRP on the exchange were stated to be USD, CAD, EUR, GBP and JPY.
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