Articles by "XRP"
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di August 28, 2020 0

XRP does not compete with Stablecoin or CBDC


XRP, the third-largest crypto asset, is currently struggling to reach $ 30. Apart from having a large market cap, XRP is primarily used across payment networks to bridge liquidity issues. Nonetheless, Ripple Senior Director Emi Yoshikawa shared his views on how he sees XRP in the Stablecoin and CBDC chaos.

When talking about expanding Ripple's reach in central Asia, Japan, he highlighted that Ripple's native token XRP is primarily focused on global payment systems. He strongly argues that XRP is not in competition with Stablecoins and CBDCs like China's digital Yuan. Apart from that, he also emphasized that stable coins, CBDC, and crypto assets like XRP can together bridge liquidity problems.
"There are various types of crypto assets, but in my opinion, the role of XRP as an asset bridge in international settlement is not a competition with Stablecoins or CDBC, but rather, complementary," said Emi.


The director also emphasized Ripple's Liquidity On-Demand (ODL) which uses XRP for international transfers without the need for a Nostro account. He went on to say that Ripple's current focus is on launching ODL in new markets by breaking down barriers and engaging local regulators.

Also through xSpring Ripple, an initiative to assist and assist companies and projects run by proven entrepreneurs, the company is focused on creating new use cases using XRP and Interledger technologies.

20% of RippleNet transactions occur using XRP

On the other hand, Ripple's SVP of product development and company, Asheesh Birla stated that 20% of RippleNet transactions occur using XRP. Tweeted about the increasing demand for ODL, Mr. Birla said;

XRP struggled to maintain $ 0.30 and fell back to $ 0.29 at the time of reporting this. As per Coinmarketcap, the token is currently up 1.42 percent in the past 24 hours, holding a market cap of $ 13,168,806,137.

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di July 25, 2020 0

Veteran Analyst Peter Brandt Scorns 'XRP's Bag Holder,' Compares Ripple to the Fed

A large number of digital currency investors believe in XRP, the fourth largest crypto capital based on market capitalization will be a bridge between banks and cryptocurrency. As many other crypto enthusiasts hate XRP and think that the ledgers distributed are highly centralized.

Veteran trader Peter Brandt tapped the XRP digital currency and compared the crypto token Ripple to the US Federal Reserve.

Brandt said he believed the company behind the coins would double the supply of tokens, and he did not understand why "smart people" drank "XRP-Kool-aide."

Although in a technical way, XRP has an outstanding supply of 44 billion tokens each valued at $ 0.20. The token value is much higher than the original five years of existence when traded with less than one US cent during much of that period.

On July 23, veteran trader Peter Brandt discussed XRP with a large number of digital currency lovers. Brandt is a well-known trader who shares financial analysis and charts on Twitter in a routine manner. He made as many predictions and this analyst has more than 364,000 Twitter followers today.


Many crypto enthusiasts followed Brandt because he was bullish about Ethereum (ETH) and Bitcoin (BTC) and on July 8, veteran traders said there were "significant breakthroughs in ETH-BTC." Brandt further noted that the majority of Alts must find bitcoin in the near future. "Even the founder of Adamant Capital, Tuur Demeester seems to agree with Brandt's assessment.

The discussion that took place Thursday on Twitter was related to XRP crypto capital when someone talked about "XRP Army shills" and certain trading techniques. Brandt joined in his conversation and comments about XRP equating crypto capital with the US dollar, and comparing the Ripple company with the US Federal Reserve.

"XRP can be compared to USD," Brandt tweeted. "The Fed is a holder of USD pockets - they can double supply if they want." Financial analysts further write:

Ripple is where XRP bags are - and WILL double supply. I can't believe the number of smart ppl who drink Kool-aide XRP.

Of course, members of the XRP Army didn't care about Brandt's comment after he tapped the crypto assets and the Ripple company. One person claims that the lack of knowledge of Brandt coding means that his opinion must be dismissed.

"Do you know anything about codes?" asking for a Twitter account is clearly annoyed about Brandt's XRP comments. "This is absolutely impossible. It's a shame that people who don't understand have so many followers. "

After being harassed by the XRP Army about his recent statement, Brandt further criticized followers of crypto coins. "Some things never change - I remember the wrath I received when I said baby beanies, hula hoops, and pet stones would not be a global asset class. Some neighbors haven't talked to me for years, "Brandt answered. Financial analysts continue with tweeting:

They were so angry because deep down they knew I was right. They are the most rabbis of all devotees.

At the time of writing, XRP exchanged $ 0.203 per coin and dropped 1.3% during the last 24 hours of trading. The last 30 days showed XRP up 11.42%, 90 days of tokens up 8.6%, but for this year coins fell 34%.

Not long ago XRP was a strong crypto competitor, but since the tether (USDT) began to shine brightly, the tokens have lost significant momentum. Tether has surpassed XRP by the size of its market capitalization and USDT has seen more settlement lately.

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di December 03, 2019 0

XRP Weekend Notably Targets Short Term Gains, Sync Markets


The momentum of Bitcoin has increased recently since it stood at $ 6,500. Last weekend's support allowed key altcoins like XRP to position a decent distance between their recent subordinates and their current prices. 

Most importantly, analysts believe that XRP could see short term gains against its XRP/BTC pair; which to say the least comes about due an aggregated crypto market momentum against the leading coin. 

Ripple (XRP) Posts Strong Bounce from Recent Lows of $0.20


Ripple (XRP) is currently trading upwards by 1% and its press time price is $0.23.  Indicating a significant surge from its ultimate daily lows of approximately $0.22. Meanwhile, XRP mounted massive pressure on the distance between its recent $0.20 lows that were set in sync with Bitcoin weekly low of $6,500.  

A drop which, nonetheless, sparked extreme buying pressure - which notably has led to XRP price increase for the past six days. It is worth noting that Bitcoin’s price performance has massively influenced the pricing of XRP. Therefore, there is a likelihood of Bitcoin resistance level in the short term that could probably determine whether other altcoins will retest upward momentum. However, this is only justifiable if Bitcoin corrects beyond the $8,000.  

A leading Twitter crypto analyst, Bitcoin Jack explained that XRP could surge in the near against its Bitcoin trading pair. The analyst also noted that current price’s poor support could translate into further losses before a price surge takes place. Bitcoin Jack wrote in the tweet: 

‘Let’s give $XRP another go. Support here looks like shit, if it breaks this is where I want to get long. Looks like a decent opportunity to trade it back towards range high”

There is a possibility of aggregate crypto markets posting a major price bounce in case Bitcoin breaks beyond its near term resistance level. At the beginning of the week, Bitcoin Jack also predicted that an upward correction could surge altcoins in sync with Bitcoin to as much as 100% against the leading coin. 

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di September 04, 2019 0
Ripple [XRP]

Get to Know the Ripple Closer

To get to know Ripple (XRP) more closely, the first thing to know is that Ripple is a platform and also a cryptocurrency. The Ripple platform is an open-source protocol that is designed to make transactions fast and inexpensive.

Unlike Bitcoin which was never made to be a simple payment engine, Ripple will certainly master international transactions throughout the world. Very ambitious indeed, but who knows? Maybe the cryptocurrency exchange platform will slowly start to decrease as it did with Blockbuster stores.

The Ripple platform has its own currency, XRP but also allows everyone to use this platform to make their own cryptocurrency through RippleNet.

What is RippleNet?

RippleNet is a network of institutional payment services such as banks and financial services businesses that use solutions developed by Ripple to provide a seamless experience in sending money globally.

Example: First of all, Mr. Jones lives in New York and has a box of chocolates he doesn't want. And he really wanted to watch a baseball game but didn't have the ticket. Next, there is Ms. Smith lives in Los Angeles and has a rare stamp that he wants to exchange for a box of chocolates. Finally, there is Mr. Brown, who lives in Alaska, is looking for rare stamps and he happens to have a baseball game in New York.

Under normal circumstances without using Ripple, the three people will not meet and they will not get what they want. But on the Ripple platform, all they have to say is "I have chocolate, I want a baseball ticket" and the system will see the fastest and cheapest combination to make that happen.

Additionally, the Ripple platform allows payments in any cryptocurrency including Bitcoin and has a minimum internal transaction commission amount of $ 0.00001. The only reason why it isn't free is to prevent DDoS attacks.

What is XRP?

XRP is a token that is used to represent the transfer value in a Ripple network. The main purpose of XRP is to become a mediator for other exchanges, cryptocurrency, and fiat. The best way to describe an XRP is a Joker card that can turn into any card. If coin investors want to exchange dollars for euros, it can be dollars with dollars and euros with euros to minimize the commission. As mentioned before, the transaction fee at Ripple is $ 0.00001.

Who is the creator of Ripple (XRP)?

The Ripple Protocol as a prototype was made in 2004. But the real history began in 2013 when Jed McCaleb, the creator of the EDonkey network invited world-renowned investors to invest in Ripple Labs.

Chris Larsen is an angel investor, business executive and privacy activist who is considered the richest person in crypto assets. He is known for being a co-founder of several start-ups in the field of online financial services, starting with the online pawn loan service, E-Loan in 1996.

Jeb McCaleb is a programmer and entrepreneur. He is also a co-founder of several crypto startups including Ripple, Stellar, eDonkey, Overnet and also the crypto exchange Mt. Gox (he sold his shares and the platform was re-coded before the hacking incident occurred), which during his heyday handled more than 70% of Bitcoin transactions worldwide.

What is the Ripple Protocol Consensus Algorithm (RPCA)?

Unlike Bitcoin or Ethereum, Ripple does not have a blockchain. A cryptocurrency without a blockchain might sound a bit strange - if you don't have a blockchain, how can you verify transactions and make sure everything works well? For this reason, Ripple has its own patented technology, the Ripple Protocol Consensus Algorithm (RPCA)

The word "consensus" in the name of the technology means that if every node has an agreement with the other nodes, there will be no problem. Imagine if in one room there were 12 court judges who wanted to make an agreement and each made a decision. If everyone agrees that the defendant deserves punishment then the defendant will be given a sentence. However, if there is only one person who disagrees, then nothing will happen until it is known what makes one person have their own opinions.

What are the benefits of ripple?

  • Ripple was originally designed as a daily payment system, so Ripple is more energy-efficient than Bitcoin. As a result, transactions are faster and cheaper
  • Ripple has started as an official organization because its main focus is to be used by banks. So Ripple is not subject to several regulatory checks like many other cryptocurrencies.
  • Ripple has the ability to be exchanged for any currency or valuable objects (such as gold) with a minimum commission standard.
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