XRP Price Prediction As Ripple Doubles Down CBDC Efforts In Colombia – $1 XRP After SEC Lawsuit?


XRP, the native token to the most prominent international money transfer protocol, is up 1% in the last 24 hours and trading marginally above $0.48. A bullish wave has been traversing the market following the mid-week sell-off triggered by remarks made by the Federal Reserve Chair, Jerome Powell when he announced a pause on interest rate hikes on Wednesday.
The sixth-largest crypto, boasting $25 billion in market capitalization, has in the last 24 hours seen a trading volume of over $1.1 billion rush in. This bullish outlook is not unique to XRP, as Bitcoin (BTC) is up 2.7% to trade at $25,591, while the largest smart contracts token, Ether has gained 2%—and exchanging hands at $1,673 on Friday.
As we will see later, XRP price is not out of the woods yet . Despite the bullish outlook, bulls are seemingly struggling to uphold the uptrend. And yet, they must reclaim resistance at $0.5 to wade off the bearish shackles and focus on the ultimate breakout to $1.
The Central Bank of Colombia Exploring Ripple’s CBDC Platform
Ripple continues to cater to the needs of central banks open to delving into payment networks backed by central bank digital currencies (CBDCs). According to the latest announcement by Peersyst Technology, the Colombia central bank is ready to “evaluate potential efficiencies of a (payments) solution using the Ripple CBDC Platform”
The endeavor will feature input from the central bank, Ripple, Peersyst Technology (a software builder), and MinTIC.

We are excited to announce that @Peersyst and @Ripple will start working with the 
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