On Friday 21st September marks one of the most important days for Ripple as it jumped by 77% in the last 24 hours to $0.652. The cryptocurrency has seen a $0.25 low earlier this week and at press time Ripple is trading at $0.58, according to coinmarketcap.
On CNBC, Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East, said in a statement “I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”
The second largest cryptocurrency is aiming to take Swift system for money transfer via banks live in production.
At press time Ripple has a market cap of more than of over $$23.26 billion and Ethereum has a market cap of over $23.17 billion as per coinmarketcap. The price volatility of Ripple seems like it would not be able to keep a position of the second largest cryptocurrency for a very long time.
The Xrapid is planned to launch next month by the company. Ripple, to pass the market cap of Bitcoin would need to go up more than $2.75.
Bitcoin is up by 5% after US regulators had postponed another ETF decision and experts in this space believe that it would be outright rejected which could see a huge drop in price.