Will Ripple be Outstanding in the Third Quarter?

According to foreign media reports, Ripple CEO Brad Garlinghouse recently talked about Ripple's products, Ripple Coin (Ripple XRP), the company's new employee program, and the future of the global cryptocurrency and blockchain industries, which indicates that Ripple may make some breakthrough in the near future. In addition, Brad Garlinghouse analyzed the challenges faced by Wall Street and institutional investors in entering the cryptocurrency market and the digital asset custody services they face.

In fact, Brad Garlinghouse believes that the third quarter of this year is crucial for Ripple. Why?

1.Institutional Investors Wil Buy Ripple
According to Brad Garlinghouse, institutional investors will buy Ripple in the third quarter of this year (or at least they have such a plan). But the question is that if there are some institutional investor buying Ripple, why is the ripple xrp price not rising? The reason is simple, just because the investors actually buy more ripple through OTC, rather than trading on cryptocurrency exchanges that are well known.

2.More Trading Chennels Will be Provided
Brad Garlinghouse said that in the fourth quarter of this year, they will try to provide more trading channels, so that more institutional investors can enter the field more actively. You amy worried that it is difficult to make it as the global regulation of cryptocurrency is becoming more and more strict.

Take it easy, the New York Stock Exchange's parent company, the Intercontinental Exchange, has launched the Bakkt cryptocurrency trading platform, and they and Coinbase have begun to try to resolve institutional regulatory issues. According to Brad Garlinghouse, blockchain startups have the potential to “self-solve” more regulatory issues before working with Wall Street firms

In summary, as bitcoin (BTC) and the entire cryptocurrency market continue to show signs of stability (bitcoin price now is $7066.99), the third quarter may be the beginning of the outstanding performance of Ripple (XRP) in the market. In addition, another key factor is that xRapid will be launched soon, which will help Ripple become an effective tool for financial institutions to handle real-time cross-border remittances, helping banks and financial institutions to bring greater liquidity.