Tension between China and the U.S. is increasing and if the current trade deal is scrapped Bitcoin could be a major beneficiary.
Ripple is a real-time gross settlement system that also supports fiat currency, cryptocurrency, and commodity exchanges and remittances. The native cryptocurrency of the platform are Ripples, abbreviated as XRP.
Ripple was made by the Ripple company, but can function without it due to its shared ledger. Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology because of the payment’s speed within the network, stability of the technology, and the ability to its coin as a bridge currency.
There were 100 billion XRP created at Ripple's inception, which is the currency’s cap according to the protocol's rules. Of the 100 billion created, 20 billion XRP were retained by the creators and the remaining 80% of the total were given to Ripple Labs for sale.
It’s high time for XRP and XLM to catch up to not only Bitcoin but also some notable altcoin counterparts such as Ether and Cardano.7521
The head of Ripple SBI Asia asserts that hashpower is migrating from east to west, however, notes that significant tensions remain between Chinese and U.S. mining firms.2765
Many altcoins are showing significant strength as they approach their 200-day moving averages, this suggests that the sentiment in the sector remains bullish.19715
According to data research firm Messari, Ripple’s selloff causes inflation to hit 20% — five times that of Bitcoin, inflicting downward price pressure.20020
Most major cryptocurrencies have seen strong buying at lower levels, which shows traders remain interested in buying the dips.17736
Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China.6507
Several major cryptocurrencies have turned down from their resistance levels, hinting that further downside could occur in the short-term.17295
The race for third place is still far from over.11102
A few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term.14394
Bitcoin has 140 times more daily active addresses than XRP, but has fewer addresses with a positive balance in them than ETH.11383
Most major cryptocurrencies have turned down from their immediate resistance levels, which suggests a minor correction in the next few days.16491
Most major cryptocurrencies are struggling to break out of their immediate resistance levels, which could result in a minor pullback for the next few days.26217
A U.S. consumer protection agency shout outs Ripple and XRP cross-border settlements in a recent regulatory update.9669
Ethereum longs on Bitfinex have increased 170% since breaking into record highs during late February.19448