Baxia Markets
June 01, 2021

Bullish news on XRP after the crash

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XRP, known as a Real-Time Gross Settlement System, used by ripple payment networks, is one of the popular cryptocurrencies. The big crash has taken place from May 18th to May 23rd. Recently, we observed that the price is struggling. Is there anything that could bring hope to XRP? Ripple announced that their partnership with the National Bank of Egypt (NBE). “With a large diaspora employed abroad in the Gulf states – including the UAE – Egypt received $24 billion in remittances in 2020 alone, making it one of the top five remittance recipients globally after India, China, Mexico, and the Philippines.” said the





Another factor that may cause turbulence in XRP is the Central Bank Digital Currencies(CBDC), which is issued by a country’s central bank and functions as normal currencies for retail payments. Its versatility can improve the existing payment system and maintain control. Ripple, as a leading crypto payment service provider, announced its CBDC solution for central banks to adopt. Based on the same blockchain technology that powers the XRP, the CBDC Ledger might bring more attention and action to the scene by providing a ready-to-use system that’s proven. If that’s the case, XRP price may see a significant boost.


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