Ripple token or XRP is an independent digital asset, native to the Ripple Consensus Ledger. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency (XRP).
Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
As you may know, there is a number of corporations that are helping the United States look good in the minds of other countries. And Tesla is definitely one of them.
The current XRP price is around $0.25. We’ve analyzed some factors that may help XRP to get a great bump and increase its value to $692 per coin in 2020.
Two Prime’s FF1 Token combines the features of a close-ended fund, asset-backed token, and a secure store of value. The token sale will take place not in the form of a typical ICO but as a Continuous Token Offering (CTO).
Though Ripple is confident that it will win its class-action lawsuit, the situation with XRP may remain unsolved. Even in the case of success, XRP could be still deemed a security.
Ripple spent $170,000 in the first three quarters of 2019 to influence crypto regulation in the United States. In total, Ripple has spent at least $620,000 for the same purpose between 2018 and 2019.
The main resistance for the XRP/USD is close to the level of $0.2340, upside zone where the bulls are likely to gain more upward energy.
As the XRP community is waiting for a decision from the court, Ripple CEO Brad Garlinghouse has given reasons why it’s impossible for XRP to be ruled as a security.
An end to the lawsuit against Ripple hasn’t been put yet. But when it is, will it affect the XRP price? That’s an interesting case to observe.
Ripple’s partner MoneyGram is starting 2020 with expansion plans into India. It may have a positive influence on the XRP adoption and price.
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, EOS, XRP and Bitcoin SV price movement.
Ripple CEO Brad Garlinghouse expects to see more ‘consolidation’ in 2020 after Visa acquired fintech startup Plaid for $5.3 billion. Will it affect the XRP price?
The CFTC and the SEC are collaborating to identify the status of different cryptocurrencies. But the situation with XRP is still unclear.
As Lightnet has secured a Series A funding, its CEO suggests the funds will be used for more fintech acquisitions. The platform is also planning to expand.
Monday’s recovery was remarkable for XRP to overcome the $0.20 critical level. However, the bulls lost their momentum and XRP declined into a classic U-turn.
Just yesterday, the Binance Futures platform announced its fifth perpetual contract, pairing EOS with Tether’s USDT. And today it’s time for the sixth one.