XRP Prices Shows Readiness for A Movement to The Lower Side

A rejection approximated at about $0.2250 was reflected on the XRP/USD pair prices, leading to a downward movement under the $0.2150 and $0.2100 zones. Although there was a significant upsurge in its price, the initial value was maintained at levels, not beyond the $0.2250 zone. It further encouraged the decrease reported to hold at the level of $0.2150 support.  Following this analysis, a downward trend was recorded that illustrated price maintenance below support levels of $0.2100 considered at the 100 hourly…

Ripple Releases Massive Amount of Tokens from Its Escrow Wallet

At the start of the year 2020, Ripple unlocked funds valued at $192 million from its escrow. Whale Alert caught the recent XRP tokens consignment by scanning data from the XRP. Consignment refers to an installment of a pre-planned release plan that Ripple started in 2017. Ripple officials revealed in a blog post that the firm’s plan to lock up 55 million XRP, releasing funds every month within 55 months. The plan aims at incentivizing investors to maintain interest and…

Ripple Expands Significantly through 2019

On the 20th of December 2019, Ripple raised 200 million USD in yet another funding round. Tetragon, SBI holdings, and Route 66 ventures were part of the funding round process. The acquired funds’ objective is to assist Ripple in improving its international payments network and utilizing the XRP cryptocurrency and the XRP ledger. The year 2019 is remarkable for Ripple as regards investment, as it is supposedly the strongest year of growth to date. Brad Garlinghouse, the Ripple CEO, pointed…

Ripple Product allows SendFriend to Save Up to 80% in Remittance Fees

In a blog post published on December 12, SendFriend noted it uses the technology of Ripple in saving up to 80 percent in remittance fees. SendFriend is a startup into money transfer based on blockchain. It utilizes xRapid, a product of Ripple. The product provides cross-border payments, converts between the USD, XRP, and Philippine pesos, and prevents conventional banking systems' time-consuming process. The focus of the startup's money transfer app is the reduction in yearly remittance fees for cross-border Filipino…

The Bitcoin Bubble Burst Turns 2-Years Old. Is it Still Safe to Invest in Cryptocurrency in 2020?

The date was the 22nd of December, 2017, when the inevitable happened. Bitcoin’s value dropped suddenly by 45% from its peak after it had been soaring for an entire year. The bubble burst, and the doom had come. The dream of a new era financially dominated by cryptocurrency was put on hold. Today, we look back at what led to the Great Crypto Crash two years ago. We try to find out how it changed the market and answer one…

The Beginner’s Guide to XRP and Ripple

International money transfers take between 2 and 5 working days. The time you must wait for a transaction to complete often breeds frustration, anxiety, and stress. In an age where most operations are online, instant, and free, the current system seems obsolete and expensive. XRP is a cryptocurrency that aims to change all of that and make money transfers immediate, cheap, and easy for everyone. Ripple’s most successful product in terms of blockchain technology has already gained universal appraisal and…

WMA: Bitcoin price drops below $8000 and Libra loses the backing from VISA and PayPal

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $217 billion. Bitcoin’s price drops below $8,000 Ethereum price fails to reach the $180 threshold. Ripple still struggles to overcome the $0.30 hurdle. Facebook's Libra loses support from Visa, MasterCard, and PayPal. Crypto Trends 13-20th of October 2019: Performance & Analysis The third week of October 2019 has seen the crypto market continue its…

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