Ripple Integration With ISDA Brings $1.2 Quadrillion Market,XRP Breaks $100?
XRP, Ripple's native token, is poised to take part in the $1.2 quadrillion derivatives market following Ripple's integration into the ranks of ISDA recipients.
XRP Will Enter $1.2 Quadrillion Derivatives Market
Earlier in August 2023, Ripple, a crypto payments solution, announced its membership in the International Swaps and Derivatives Association (ISDA). This strategic move came as a pleasant surprise to members of the XRP community, as it positions XRP to fully take part in the massive $1.2 quadrillion derivatives market.
Ripple's entry into this prestigious club is seen as an important milestone, allowing the crypto payments company to stand alongside financial giants such as JP Morgan , Goldman Sachs and the London Stock Exchange.
Many XRP fans are looking forward to the bullish prospects for the XRP token. Some are even considering the possibility of XRP breaking through the $100 threshold. These expectations are fueled by the consideration that successful performance in derivatives markets could be a catalyst for significant cryptocurrency price movements.
Currently, XRP prices have not shown any significant price growth, even with speculation that a Ripple IPO is imminent. Nevertheless, enthusiasts remain vigilant, closely watching the cryptocurrency for any developments that could push its price up. The $100 milestone, if achieved, has the potential to further strengthen the altcoin's position in the crypto space.
