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 price retreat today keeping the rebound from the 33-month lows alive. Investors sentiment has improved the last days after the coordinated intervention from central banks and governments around the globe. The White House and Senate leaders agreed yesterday on a $2 trillion package to help the struggling US economy...
Bearish Flag on D1 of XRPUSD Ripple price has been holding steady above $0.1450 as of late. The daily time frame shows that the cryptocurrency has been consolidating with an upward slope after it drastically dropped a couple of weeks ago. Consequently, a bearish flag chart pattern has formed. This...
Ripple price as represented on the XRPUSD has continued its recovery this Friday, along with the significant cryptocurrencies led by Bitcoin. The positive correlation between Ripple and Bitcoin continues to remain in play, as the Ripple price surge of late Thursday and Friday has followed similar moves in the BTCUSD...
Ripple price recovered slightly from its weekly lows after the company announced that it had integrated its services with Thai-based fintech company DeeMoney. Through this partnership, DeeMoney will use Ripple as a means of cross-border remittances. ...
Ripple price attempts to rebound today as the global sell-off continue. XRPUSD hit 33-month as investors liquidate their positions to raise cash and limit exposure to risky assets. Ripple has lost over 50% of its value in the last month and has turned negative for 2020, giving up 22.82% since...
