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Ripple Lab’s Q1 Markets Report for 2020, a quarterly publication detailing XRP’s growth, revealed a massive 90 percent drop in institutional token sales compared to the last quarter of 2019.
DeFi platform FinNexus and crypto exchange Bitrue announced on April 27 their joint initiative to incorporate asset tokenization services on Ripple’s XRP ledger platform and the Wanchain blockchain.
It’s no secret that XRP has been one of the worst-performing cryptocurrencies throughout both 2019 and even 2020, incurring a significant 40 percent loss against USD last year while failing to catch the full momentum seen by its peers in the early part of 2020.
Ever since the highs of the 2017-2018 bull market, XRP has not done too well.
On-chain metrics reveal that the top three cryptocurrencies by market cap—Bitcoin, Ethereum, and XRP—are bound for a bullish impulse, despite the significant gains posted recently.
XRP has seen its fair share of rallies over the past two years, but the third-largest cryptocurrency by market capitalization has been underperforming its crypto peers.
XRP is currently in the process of posting a notable rally that has allowed it to outperform Bitcoin and most other major cryptocurrencies, with the embattled token’s bulls attempting to catalyze some much-needed upwards momentum.
The price of XRP is nearing a three-year low, hovering at around $0.15.
XRP has been severely impacted by the recent market-wide downturn, with the third-largest cryptocurrency by market capitalization briefly falling behind the Tether (USDT) stable coin last week when its price plummeted below $0.10.
Tiffany Hayden, once one of the Ripple’s biggest supporters and self-proclaimed CEO of XRP, has sold off her XRP holdings due to constant attacks from the XRP community.
One key aspect that makes Bitcoin different from fiat currencies is that it is mined; those that want to mint BTC must put computational power to work and spend electricity to do so, which comes in stark contrast to fiat money, which can be infinitely printed and without much “work.” Although many say this is […]
Ripple’s close connections to XRP have long been a polarizing topic within the crypto industry, with the token’s detractors claiming that the company’s monetization of it via their quarterly sales has come at the expense of investors, while others claim that the token is an unregistered securities product.
XRP has seen some intense losses over the past week, with the cryptocurrency sliding from highs within the mid-$0.30 region into the lower-$0.20, erasing the bulk of the gains it incurred as a result of its intense 2020 uptrend.
Over the past few years, a class-action lawsuit has been building against Ripple Labs, the San Francisco-based fintech company that is known in crypto for its involvement in XRP.
XRP, like many other major altcoins, has caught the brunt of Bitcoin’s recent downturn, with the embattled crypto plummeting from its recent highs of $0.35 all the way down to its current price of under $0.25.
Since the first week of January, XRP has increased by about 50 percent against the USD.
XRP and Ethereum, two of the largest cryptocurrencies in the industry by market capitalization, could soon be interconnected and interoperable.
It’s no secret that the majority of Bitcoin’s miners are located in China, with the geographical centralization of this mining power being a go-to critique for the cryptocurrency’s critics.
In comparison to other leading altcoins like EOS, Cardano (ADA), and Ethereum, XRP is still lagging behind bitcoin even after an 80 percent rally against the USD since the first week of January.
A recent report reveals that one of Ripple’s co-founders is constantly selling his XRP holdings.
XRP’s recent price action seems to suggest that the cryptocurrency will end up being the dark horse of 2020, as its recent price action is shaping up to be overwhelmingly bullish as multiple key technical factors begin flipping into the favor of buyers.
It appears that XRP’s strong price action over the past several days was bull’s attempt to lay the groundwork for a massive upside movement.
XRP has seen some decent bullishness over the past several days, which has allowed the cryptocurrency to secure what appears to be a strong foothold within the mid-$0.20 region.
BitMEX is introducing a new perpetual swap contract for XRP.
Investing as little as $1 every day into Bitcoin over five years would have yielded an incredible 12x return.
XRP investors were surprised to hear Ripple CEO Brad Garlinghouse drop a bombshell comment during the World Economic Forum in Davos regarding the company potentially listing on the public markets in the near future.
Ripple reported a considerable decrease in XRP sales in Q4 2019, but the price of this cryptocurrency continues declining.
Ethereum, XRP, and Litecoin appear to have reached an exhaustion point following the uptrend they entered since the beginning of the year.
FinNexus, a Fintech firm that’s creating an open-source finance protocol, is planning to launch a digital asset platform on the XRP Ledger.
Since the beginning of the year, the cryptocurrency market went through a bullish impulse that saw the whole market cap surge nearly 23 percent.
A document resurfaced on the internet providing concise evidence that Ripple created XRP and that the firm is selling the token in excess of need for profit.
XRP surged nearly 16 percent on January 6 as Binance launched perpetual swaps.
XRP was one of the worst-performing cryptocurrencies throughout 2019, ending the year down over 40 percent.
Thus far, 2020 seems to have brought back volatility into the cryptocurrency market.
It’s been a tough year for XRP, as the cryptocurrency failed to garner any notable momentum throughout the early part of the year while cryptocurrencies like Bitcoin and Ethereum were busy putting a significant amount of distance between their recent late-2018 lows.
Ripple announced a massive funding round that is set to push the development and adoption of its decentralized cryptographic ledger technology.
The top three cryptocurrencies by market cap, Bitcoin, Ethereun, and XRP, entered a stagnation phase that extended for the past 24 days.
Ethereum, Litecoin, and XRP entered a stagnation phase in late November.
During the first half of the year, the top 5 cryptocurrencies by market cap recorded significant gains.
TransferGo, an online remittance platform pitched at migrant workers, has entered into a new agreement with Ripple to use the company’s technology for cross-border transfers to and from Southeast Asia, Latin America and Africa.
Global payment platform MoneyNetint has won Ripple’s Best Connector Award for outstanding business growth over the past year.
Over the last week, the entire cryptocurrency market suffered a significant downturn.
The price of XRP, EOS, Cardano (ADA), and other major cryptocurrencies have dropped by more than eight percent on the day, causing the total crypto market cap to fall by 27 percent in merely two months.
Since 2017, the price of XRP has held up well above an important long-term support level at $0.19.
Elliptic, one of the leading crypto-asset risk management solutions providers in the world, found that less than 0.2 percent of all transactions on the XRP network are tied to illicit activities.
As theories on the potential sell-off of Bitcoin by miners emerged amidst declining sentiment around cryptocurrencies, major altcoins like Ethereum and XRP were at risk of a deep pullback.
Most major altcoins in the likes of Ethereum and XRP have already retraced to 2017 levels.