The price has been consolidating between $0.56 and $1.39. The XRP price has been consolidating in a sideways channel since the crypto market crash in May 2021. The top cryptocurrency exchanges for trading in XRP stock are currently Binance, Mandala Exchange, OKEx, CoinTiger, and FTX. Nonetheless, it is a cryptocurrency that could outlast others due to its many distinctive features and landmark developments. Unlike them, it doesn’t seek to be an alternative to the traditional banking system but rather to collaborate and improve the conventional banking system. It is decentralized, but not as much as Bitcoin, Ethereum, and the like. In the world of cryptocurrencies, XRP is quite different. In the future, Ripple plans to add functionality such as staking and yield-generating functionalities. Ripple Liquidity Hub will initially support BTC, ETH, LTC, ETC, BCH, and XRP (availability will vary by geography) with plans to add additional digital assets over time. As a crypto liquidity platform built for the enterprise, it will unleash the potential to access deep liquidity within markets, accelerating the shift to crypto. Warren BuffettĬould it be because Elon Musk has now joined Ripple and charged straight into the United States Securities and Exchange Commission (SEC)? Elon Musk believes SEC is attempting to regulate cryptocurrencies and that it has crossed its jurisdiction and needs to be stopped.Ī notable development as a turnkey solution for financial institutions, Ripple Liquidity Hub will leverage smart order routing to source digital assets at optimized prices from market makers, exchanges, and OTC desks. It’s only when the tide goes out that you know who’s been swimming naked. That’s saying a downturn exposes those who had been taking on excessive risk when times were good. supply of 100,000,000,000 XRP coins.Īs with a good man, you cannot keep putting a good coin down. Today’s XRP price is $0.309724 with a 24-hour trading volume of $909,112,869. XRP is down 4.98% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $14,972,995,413. It has a circulating supply of 48,343,101,197 XRP coins and a max. While the contentious post has since been removed, it was enough to have the crypto Twitter community discussing each of the game’s assets. Ripple is already grappling with its unending suit with the SEC and putting XRP in the spotlight as an “impostor” does not help their situation especially when the market is jittery with falling prices and restrictions by exchanges. From $0.63 early Saturday, XRP price went down to $0.59, dropping from a market capitalization of $30.1billion to $28.1billion, thus shedding off up to $200 million. XRP price may have been negatively impacted by the CMC quiz and follow-up comment. But the tweet had been up long enough for responses from members of the XRP community. CMC had to eventually delete the controversial tweet. Source: CoinmarketcapĬoinMarketCap’s tweet that Ripple’s XRP was not a true cryptocurrency but an impostor did not go down well with many observers, particularly the Ripple community. All the other coins in this are decentralized and are basically “people’s crypto”. According to CoinMarketCap, this is because XRP is “controlled and governed by authorities, hence defeating the purpose of #cryptocurrency. The controversial CoinMarketCap quiz which named “XRP as the “impostor coin” had its naysayers and applauders.
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