Ripple aims to provide greater market transparency and certainty about current and future XRP supply by placing 55 billion XRP into a transparently managed escrow account.
Ripple Labs says it has been a buyer in the XRP secondary market and may continue to undertake purchases in the future at market prices.
Marcus Treacher says that Ripple is working hard to expand its On Demand Liquidity (ODL) platform to offer more corridors this year. XRP price is up.
Currently rocked by another price fall, Ripple’s XRP is tipped to lead amidst growing partnerships with the key financial institutions.
Bitcoin price suddenly dips below $7,000 level on April 10, dragging with it the total crypto market cap below $200 billion. ETH and XRP followed the same volatility, as panic gripped the crypto community.
Ripple and XRP are in the spotlight once again after the news that the U.S. Navy is hiring a firm to create implantable microchips that would be compatible with Ripple’s blockchain.
XRP price has risen by around 8% within the last 24 hours. 211 million XRP has been recently transferred between several wallets with some anonymous and others identified to be owned by corporate investors.
Bitcoin price shows signs of recovering as it hit $6,700 level, even as the stock market continues in the sell-off. Major cryptocurrencies like XRP and ETH have followed the rally, as the market cap has risen by $23.8 billion in 24 hours.
Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.
Tiffany Hayden is known as a major XRP supporter but she has sold off all her XRP holdings, citing bullying in the larger XRP community.
Ripple’s XRP market price dipped down nearly 10% over the weekend after Bitcoin and Oil prices nose-dived as a result of the global coronavirus outbreak.