5 Rebounding Cryptocurrencies to Buy in August

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In this article, we discuss 5 rebounding cryptocurrencies to buy in August. If you want to read our discussion on the cryptocurrency market, go directly to 10 Rebounding Cryptocurrencies to Buy in August.


XRP USD (CCC:XRP-USD) is the cryptocurrency of Ripple Labs and is used on the XRP Ledger (XRPL) blockchain. The blockchain has great utility, as it settles transactions within a short period of three-to-five seconds, and the technology is carbon-neutral.

Although the impact of the SEC investigation is hanging over XRPL, that has not hindered the platform from opting for growth opportunities. The platform is looking into the viability of Central Bank Digital Currency (CBDC) to gain a favorable understanding with governments around the world. Venturing into CBDC can unlock the next phase of the growth path for XRP USD (CCC:XRP-USD).

Ripple is positioning itself as the leading platform for the launch of CBDCs. The company already has a private CBDC ledger that has been marketed as a potential solution for rolling out currencies. This would play in favor of XRP USD (CCC:XRP-USD) as Ripple would become the clearing house for the banking network, and demand for XRP would rise significantly.

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