Major institutions, such as MoneyGram, Western Union, Mercury FX and Cambridge Global Payments are already testing Ripple’s payment service xRapid, and the likes of SBI Bank, Cuallix and Zip Remit — have already committed to using the product. The new system is thought to be launched within one month, which resulted in a 74% price increase in just 4 days. This is the highest XRP has gone to since mid-July, when the price was $0.51 before a steep slump of 43 percent until Tuesday, as tracked by CoinMarketCap.