November 4, 2019 at 7:49 am UTC · 2 min read
In the same period, the price of Bitcoin has increased by more than two-fold from below $4,000 to $9,100 and other crypto assets such as Ethereum, Litecoin, and Binance Coin have increased by 50 percent to 200 percent.
MCap has 2x’d in USD & $XRP still ended up in the red.
— CryptoThies (@KingThies) November 3, 2019
Why XRP price is lagging behind amidst strong partnerships
As previously reported by CryptoSlate, Ripple has secured high profile partnerships throughout the year, including its deal with payment processors to utilize XRP in processing international remittance payments.
The MoneyGram deal, for instance, led to a substantial spike in the volume of XRP in Mexico, as the remittance service provider started to expand its usage of XRP.
According to Asheesh Birla, senior vice president of product at Ripple,