Ripple report: Blockchain has promising future, but XRP fights with low volume

Ripple report: Blockchain has promising future, but XRP fights with low volume
Blockchain: The promising future of global financial system
Blockchain technology has attracted a lot of attention in recent years and is being more and more integrated into global financial system. A recent study shows that more and more managers in the financial industry are believing in the possibilities of this technology.
According to the New Value Report 2023 by Ripple, a provider of blockchain solutions, more than 90 % of managers in the financial industry are now convinced of the advantages of blockchain. The report also notes that the effects of technology will not only affect the financial industry, but also companies and society.
The study also showed that 58 % of the financial manager believes that the greatest advantages of blockchain and cryptocurrencies will be in cross -border payments. The tokenization, i.e. the conversion of assets into digital tokens, is also viewed as an important application for the growth of technology. Fortunately, Ripple is active and well positioned in these areas to take advantage of the opportunities offering.
However, there are also some challenges for Ripple and his cryptocurrency XRP. A long-standing legal dispute with the US supervisory authority SEC throws a shadow on the company's plans. This means that XRP has difficulty overcoming short -term hurdles and recovering over $ 0.50.
The current developments of the legal dispute have sent confident signals, but there is still a risk of an outgoing output for ripple. XRP is currently trading at $ 0.47 and shows signs of support weakness. The money flow of XRP has improved slightly, but there is still uncertainty regarding the further course of the course.
Despite these challenges, various indicators show that investor's mood increases in relation to XRP. Ripple's growing development activity could also strengthen the trust of investors. However, the purchase pressure remains low and the outcome of the legal dispute is still uncertain.
It is clear that blockchain technology has a promising future and will have a major impact on global finance and society. How XRP and Ripple will assert themselves in this quick -developing environment remains to be seen.
sources:
- New Value Report 2023 by Ripple
- Ripple on Twitter: @ripple
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