The Volatility of Ripple (even with good news)

The week it was announced that Itaú Unibanco, a Brazilian Bank holding company and IndusInd Bank, an Indian commercial bank will be partnering with Ripple. Both banks hope to take advantage of real time international transfers. Itaú Unibanco is the tenth largest bank in the world and IndusInd in the sixth largest bank in Indian.

With these two added clients Ripple has still seen a significant drop in prices this week but, is still making several deals, building its growing network of clients. It was announced last week that Ripple signed a deal with Saudi Arabia's central bank but, prices remained stable. It is no question that Ripple has some major opportunity for growth but, prices remain stable without any gains.