Ripple (available on Binance) news: It’s not looking great on the crypto market this Monday morning. Bitcoin (available on Coinbase) (BTC) has fallen below the $8,000 mark and is chugging along to the critical $7,000 handle. Meanwhile, coins like Ripple (available on Binance) (XRP) are following a similar pattern. 

What’s going on with Ripple (available on Binance), though? Is there specific Ripple (available on Binance) news causing the coin to be in the red? Or, is the XRP price just following the overall market decline? Let’s see what we can find out.

Ripple (available on Binance) News | XRP Price

Ripple (available on Binance) (XRP) is currently selling for $0.579943. This puts the coin down 4.55% in the past twenty-four hours. An unfortunate way to start the week, but hey, at least Ripple (available on Binance) (XRP) is still the third largest digital currency by market cap.

Source: CoinMarketCap

Ripple (available on Binance) News | The Latest 

There is positive Ripple (available on Binance) news floating around the crypto space this week, so it’s likely XRP is down today because the majority of the market is. On Friday, Propy, Inc. announced that it added Ripple (available on Binance) (XRP) as one of its accepted virtual currencies. The others include Bitcoin (available on Coinbase) and Ethereum (available on Coinbase). Essentially this means individuals are now able to purchase land in California using XRP. Cool, right? 

Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy: https://t.co/ZuM4gBEdk2
— Propy (@PropyInc) May 25, 2018

Ripple (available on Binance) was just as excited about the news, tweeting that there are new cases emerging every day for Ripple (available on Binance). This is true, considering it was only last week we heard that Ashton Kutcher and Ripple (available on Binance) had teamed up, and donated $4M to Ellen DeGeneres wildlife fund. 

New and exciting business use cases for #XRP emerging every day. We’re happy to see @PropyInc add the digital asset as option for home buyers around the world. https://t.co/kkjksqKjus
— Ripple (available on Binance) (@Ripple (available on Binance)) May 25, 2018

Ripple (available on Binance) in the Long Run

Moving forward, many want to know the direction Ripple (available on Binance) (XRP) will be heading in. It’s hard to say, as there are both good and bad things centered around Ripple (available on Binance) right now. Those that are involved with Ripple (available on Binance) truly believe it has the potential to revolutionize the world, while others continue to question certain aspects of the institution. 

Specifically, the world is unsure of the role Ripple (available on Binance) Lab’s play in the performance of the coin. Moreover, we have yet to see the outcome of the lawsuit that is currently looking into whETHer XRP is a security or not. But, the fact remains that XRP has proven to have practical value in a space that is not digital. Plus, Ripple (available on Binance) Labs is doing some major things for the crypto space, such as creating the xRapid and the new Xpring initiative. 

The Ripple (available on Binance) News Takeaway

The crypto market is always changing, and things are always being announced. So, while the future of Ripple (available on Binance) (XRP) is not set in stone, it’s important that we don’t lose interest, and that we keep an eye on the coin and Ripple (available on Binance) Labs. 

Check back in later this week to see if there is anymore Ripple (available on Binance) news to report!

Featured Image: Depositphotos/© rastudio

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