Financial news and actionable analysis
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.
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.
Ripple CEO Brad Garlinghouse has doubled down on the intention of Ripple Labs to move its operations out of the United States over what the company has termed a lack of regulatory clarity. A few weeks ago, co-founder Chris Larsen had provided the first hints of this move in a […]
Ripple price continues its advance today, buoyed by higher Bitcoin prices and general bullish sentiment around the major cryptos. As the market fallout of the PayPal announcement of support for crypto transactions on its platform continues to lift crypto asset prices, a tracking bot is monitoring massive whale activity in […]
Ripple price is surging this Wednesday due to a ripple effect from the news of PayPal’s conditional crypto license that will allow it to offer exchange services for Bitcoin, Ethereum and Litecoin. All these cryptocurrencies are strongly higher on Wednesday, and Ripple price is benefitting from its positive correlation with […]
The cryptocurrency markets were abuzz this weekend as the Washington DC Managing Director of the International Monetary Fund (IMF) was said to have called for a new Bretton Woods moment. The article by Kristalina Georgieva, presented at a speech at the IMF Annual Plenary Meetings, has heightened expectations that a […]
Ripple’s XRP price is trying to hold onto last week’s gains, which were driven by the release of Ripple Labs’ new ‘Line of Credit’ service. XRPUSD is trading at $0.2550 but is lower on the day after failing near $0.2600 resistance. Line of Credit is a new beta service on […]
Ripple price is trading lower today, as upside momentum falters on the asset. Today, it was reported that several transfers of the XRP token occurred, with a total of 100 million XRP changing hands. Some of these funds, according to XRPL Monitor bot, went to the ODL Europe corridor located […]
Just as stakeholders are coming to terms with the new FCA regulations banning retail cryptocurrency trading in the US, Ripple Labs is threatening to leave the US over what it calls an extremely hostile atmosphere towards cryptos and the overall blockchain space in that country. Speaking at the virtual LA […]
Ripple price has pulled back from its intraday high as traders struggle to digest the latest ruling from the regulator of the UK financial markets, the Financial Conduct Authority. The FCA has released new rules on crypto-asset trading which now prohibit the sale of Ripple, Bitcoin, Ethereum and other crypto […]
Ripple price on the XRPUSD chart inched higher over the weekend and this Monday, as news of a new partnership emerged within the hour. U.Today is reporting that a significant Ripple partner, Finastra, has developed a new payment solution designed to connect international payment firms and banks in the US, […]
