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XRP Price Rockets to $2: Ripple– Cardano Partnership Sends XRP Soaring — What’s Really Going On?

9d ago
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For a long time now, there have been rumors about a potential partnership between two of the biggest names in crypto. A Ripple Cardano partnership, which has been long anticipated, might be forming now, as Ripple’s recent announcement suggests. This collaboration could have been on the table for Ripple before the SEC lawsuit. After the lawsuit, this became impossible because of the XRP SEC legal problems and the bad blood caused by the Cardano founder. Now that this threat has been solved, the community wants to know, “Is Ripple partnering with Cardano?”

Is Ripple Hinting at a Cardano Partnership

This XRP news started with an official X post from Ripple where the importance and potential of tokenization were emphasised. Additionally, it also alluded that the industry giants will be paying more attention to this sector now. Finally, this tweet also said the real-world asset tokenization or RWA is the future of finance. This post was accompanied by a video, from which the clue to a potential Ripple Cardano Partnership comes. This video’s main topic was the benefits of real-world asset tokinization and how this process helps with efficiency.  

As the video explained, now the RWA is becoming a norm in various sectors of the crypto industry. One example of the efficiency this process brings is the decrease in bond settlements from days to seconds. The cost of bond issuance is also significantly reduced to nearly 40% of the real-world fee. With all that said, both the text and the 1-minute video gave a bold projection for this sector. As it was mentioned, the RWA sector can go to $18.9 trillion managed assets in 2033.

What Does the Cardano Logo in the XRP Video Mean?

Although at first the video only seemed like an ad or introduction to real-world tokenization, enthusiasts found interesting details. At the beginning of the video, a coin with the Cardano logo is shown for a short time. As such, the community and enthusiasts are now speculating on a possible collaboration. However, this would not have been feasible in previous years, as the Cardano founder had criticised XRP and its ecosystem. Charles Hoskinson went as far as engaging in verbal debates with XRP community members, although he has apologised since then. 

Why Is XRP Price Up by Over 10% Today?

This XRP news comes as the crypto market has experienced extreme volatility recently, with the XRP price going below important supports. However, XRP price has increased today because of a combination of fundamental developments like this possible collaboration and the market-wide recovery. As of writing this, we are seeing a 10.95% daily XRP price surge as the token stands at $1.95. 

Today, Cardano’s ADA has had a bullish performance as well, with it going to $0.6062. This token has also recorded an 11.95% daily value appreciation. However, the 10.00% weekly fall stresses the severity of the downtrend in the previous days. Additionally, we also see an 80.46% fall from the all-time high of $3.10.

How will Ripple x Cardano Alliance Impact the Market?

So, as we discussed, the answer to the question of “Is Ripple partnering with Cardano?” is no as of now. This is because although we have some tips, there has not been an official announcement. However, if this becomes reality, then we can expect a wave of excitement in the Crypto community. This, in turn, could increase the XRP price and also a bump in the value of ADA. However, nothing is set in stone, as historically such big partnerships can fail even after an official announcement.

The post XRP Price Rockets to $2: Ripple– Cardano Partnership Sends XRP Soaring — What’s Really Going On? appeared first on Coinfomania.

9d ago
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