Ripple price resumes the upward move today after yesterday’s sharp losses as the positive momentum in the cryptocurrencies sphere continues. While Bitcoin and Ethereum have break above the yearly highs
In this section, you will find important Ripple price news, actionable trading ideas, and a live XRPUSD chart to help you understand the markets better.
What is Ripple?
Ripple or XRP is a digital currency created in 2012 as a standard of exchange on the Ripple payment protocol. XRP was mainly built for corporations to use as it aims to be a fast, secure and cost-efficient cryptocurrency for sending money around the world using blockchain.
Financial institutions and payment providers can use XRP to reduce their transaction costs and enter new markets. XRP exists within the Ripple Payment and Exchange Network and can be used for transactions between traditional currencies such as USD, EUR, GBP, and other cryptocurrencies through the RippleNet payment network. A major difference between Ripple and the other major cryptocurrencies is that the XRP is not mined. There is a fixed stock of 100 billion XRP controlled by Ripple Labs, the company that created XRP.
XRPUSD is a pair that shows how many US dollars it costs to buy one XRP. The XRP price at the time of writing was $0.399672 with a market capitalization at 17 billion dollars which made it the third-largest cryptocurrency after Bitcoin and Ethereum.
Live Ripple Price Chart
Ripple Price News(XRPUSD)
Ripple price (XRPUSD) has had been unstoppable in the past few days. Since July, the pruce has jumped from a low of 0.1680 to a high of 0.3260. This price was reached on Sunday this week. Similarly, Bitcoin and Ethereum prices have been on an upward trend, which has seen […]
Ripple price regains the positive momentum after yesterday’s sharp fluctuations that drove the price in an intraday trading range that we haven’t seen before.
As the US dollar gained strength following yesterday’s FOMC interest rate decision, the rally on ripple price stalled. What can we expect from XRPUSD?
Falling wedge broke higher on Ripple
Ripple price enjoyed a strong bullish performance in yesterday’s trading. XRPUSD rose to its highest level since April 30.
Ripple price, just like its currency counterparts, is benefitting from the general dollar weakness that we’re seeing at the start of this week’s trading.
Ripple price has been able to sustain its gains since trading past resistance of a falling trendline. Are there enough buyers to push it to its April highs?
Huge bullish reversal pattern on the Ripple daily chart.
Ripple price recovers almost all of yesterday’s losses as investors shift their attention to risky assets after the positive results from the coronavirus vaccine from AstraZeneca and Oxford University.