In an almost perfect sea of red, Ripple (available on Binance) (XRP) stands out this Wednesday morning. Both Bitcoin (available on Coinbase) and Ethereum (available on Coinbase) are in the red, however, XRP is sporting a bright, green look. This is nice to see, and it gets even better when you realize it’s the second to last day of May. Is this an indication of where Ripple (available on Binance) will be in June 2018? It’s hard to say, but considering the performance – on the news front – by Ripple (available on Binance) in May 2018, it’s safe to say there are good things on the horizon.
First, however, let’s cover some XRP price news and Ripple (available on Binance) news from today.
Ripple (available on Binance) in May 2018| XRP Price News
XRP Price Chart
Ripple (available on Binance) (XRP) is currently selling for $0.596328. This puts XRP up 0.42% in the past twenty-four hours. So the coin isn’t up by a lot, but considering Ripple (available on Binance) (XRP) didn’t have the best start to the week, we’ll take what we can get.
Source: CoinMarketCap
Ripple (available on Binance) in May 2018 | Ripple (available on Binance) News Today
While this Ripple (available on Binance) news was not announced today, the majority of the market is only clueing in on it now. Which could explain why XRP is in the green zone today, and the majority of the other major virtual currencies are down, down, down.
Last week, it was announced that the Kuwait Bank has joined Ripple (available on Binance) (specifically Ripple (available on Binance)Net) for cross-border instant payments. The bank confirmed the news, making it the Arab nation’s first bank to move over to Ripple (available on Binance)Net. For reference, Ripple (available on Binance)Net is an enterprise blockchain network.
KFH is the First Bank in Kuwait to Join Ripple (available on Binance)Net for cross-boarder Instant Payments utilizing blockchain technology
— Kuwait Finance House (@KFHGroup) May 26, 2018
Welcome to Ripple (available on Binance)Net @NBKPage! They’re the first bank in Kuwait to use #xCurrent to provide instant cross-border payments for their customers. https://t.co/vIzeB4C6zY
— Ripple (available on Binance) (@Ripple (available on Binance)) May 29, 2018
Many are hopeful that this union will be one of the factors sending Ripple (available on Binance) (XRP) to the moon later in 2018. However, it’s essential to mention that the bank still needs the Central Bank of Kuwait to approve KFH joining Ripple (available on Binance)Net. Regardless, the Kuwait Finance House is certain its customers will benefit from this move if approved.
Ripple (available on Binance) in May 2018 | The Facts
So, there’s only one full day left in May. Is Ripple (available on Binance) (XRP) going to have a good month of June? Well, considering the coin is in the green today, that’s somETHing to be hopeful about. SomETHing to hold onto. Plus, Ripple (available on Binance) (XRP) had a pretty busy month of May, announcing various things. It wasn’t all good, but the majority was, so that means we can be fairly certain there are good things on the horizon for the Ripple (available on Binance) community.
To prepare for what lies ahead, let’s look at some of the highlights of Ripple (available on Binance) in May 2018.
– May 4: Ripple (available on Binance) gets hit with a class action lawsuit. Many are left baffled.
– May 11: Ripple (available on Binance) releases an update on its pilot tests for xRapid.
– May 14: Ripple (available on Binance) announces the Xpring project, both on social media and at Consensus 2018.
– May 15: Ripple (available on Binance) hosts the XRP Community Night at Consensus 2018. Champagne was passed around, friends were made, and Snoop Dogg performed.
– May 17: German Stock Exchange adds XRP. Photos surface of the new Ripple (available on Binance) NYC office on Twitter.
– May 22: the LMAX Exchange adds Ripple (available on Binance) (XRP). TapJets announces it is considering adding Ripple (available on Binance) as a form of payment.
– May 23: Ashton Kutcher announces he has teamed up with Ripple (available on Binance). Kutcher, on behalf of Ripple (available on Binance), donates $4M to the Ellen Wildlife Fund on national television.
– May 25: Propy, Inc. announces it has added Ripple (available on Binance) (XRP) as one of its cryptocurrencies accepted. Essentially, you can now buy land in California with the cryptocurrency.
– May 26: KFH announces it is joining Ripple (available on Binance)Net.
Ripple (available on Binance) in May 2018 | The Takeaway
What did you think of the performance of Ripple (available on Binance) in May 2018? What did you think of the above-mentioned Ripple (available on Binance) news announced this month? Do you have any predictions for what’s going to happen in June? Let me know, and see you in a brand new month!
Featured Image: Depositphotos/© mdkhalil1
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