Bitcoin and altcoins pushed higher today and many are showing signs of a possible trend reversal.
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.
Bitcoin and many altcoins are struggling to rise above the 20-day EMA, suggesting bears have the advantage in the short-term.16136
The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong.39091
SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP.8909
Bitcoin and a few altcoins have bounced off their recent lows, suggesting that the sentiment remains to buy the dips.20263
As Bitcoin's price continues to range sideways, the momentum may be shifting to XRP for the next big move.32285
Bitcoin's price dropped below the ascending triangle trendline, suggesting further bearish price action for BTC and altcoins.18937
Indian banks are reluctant to work with crypto firms, even though RBI clears the air.9282
Bitcoin price continues to lose momentum, signaling the possible start of a deeper correction below $8,200.17867
Ripple co-founder Chris Larsen discussed U.S. regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China.10754
A few major cryptocurrencies are close to breaking below their critical support levels, indicating further downside in the next few days.15875
According to CEO Adam Traidman, SBI Ripple Asia is conducting trial and pilot projects in Asia for Ripple’s On-Demand Liquidity.12599
Bitcoin is flashing some bullish signals as volatility is expected to pick up over the next few days.14859
Yuya Hasegawa, a Market Analyst at an FSA licensed crypto exchange in Japan, analyzed whether XRP will ever reclaim its throne.9094
Ever since Charles Hoskinson issued an update on “Shelley,” Cardano’s price and community have adopted a bullish mood.15805