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 <p>Fiona Murray, Ripple’s VP of Sales in APAC (Asia-Pacific), more than 500 companies have partnered with the fintech company and use XRP as a bridge currency. Murray made the revelation at the Ripple Payment Roadshow in Melbourne, Australia.&nbsp;The Australian Trade &amp; Logistics Corporation (ATLC) hosted the event earlier this year in August.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP to Rally 200% and Hit $1.88: Predicts Analyst</strong></p>
 <p>According to Murray, “<strong><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> believes in utility. <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has always taken that baseline technology, and we’ve said from the beginning that every technology needs a use case. For us, the very clear use case is payments.</strong>“</p>
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 <p>Murray further highlighted that the XRP ledger is built for payment services.</p>
 <p><strong>Also Read: Does Rite Aid Do Money Orders?</strong></p>
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 <h3 class="wp-block-heading" id="h-will-ripple-s-xrp-token-rally-to-1">Will Ripple’s XRP token rally to $1?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp" alt="XRP" class="wp-image-118802" srcset="https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 1024w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 300w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 768w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 380w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 550w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 800w, https://cdn.thebittimes.com/images/2023/12/01/508b6805fe857908eaae95690320424f.webp 1100w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – Crypto
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 <p>Institutional adoption is one of the biggest drivers for the price of an asset. <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has over 500 companies that use its services. Moreover, many expect the number to grow over the next few years. With more firms using XRP, we may soon see a spike in the token’s price.</p>
 <p>Furthermore, Ripple was partially victorious in its legal battle with the SEC (Securities and Exchange Commission). A US court ruled that Ripple selling XRP to retail investors did not violate securities law. The “non-security” label and increased adoption could push XRP’s price to new heights.</p>
 <p>Moreover, OpenAI’s ChatGPT chatbot claims that <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP could surge to $3 in 2024. The chatbot cites <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s victory against the SEC and the possibility of a bull run in 2024 as possible reasons for an XRP rally.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP: ChatGPT Predicts 400% Rally to $3, Here’s When</strong></p>
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 <p>Although Ripple’s XRP has faced a 1.6% and 7.5% correction in the last 24 hours and 14 days, respectively, the token is still up by over 77% since the beginning of the year. If we enter a bull run in 2024, XRP might surpass its all-time high of $3.40, which it attained in January 2018, almost 6 years ago.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-over-500-companies-use-xrp-as-a-bridge-can-it-hit-1-tbt72249.html">https://thebittimes.com/ripple-over-500-companies-use-xrp-as-a-bridge-can-it-hit-1-tbt72249.html</a></p>

Ripple: Over 500 Companies Use XRP as a Bridge, Can it Hit $1?

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