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Garlinghouse Criticizes a Reporter – XRP to Plunge as per Expert

Jamie West by Jamie West
August 17, 2020
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CALIFORNIA, The United States – Brad Garlinghouse, the CEO of Ripple, snaps at a reporter from New York Times, Nathaniel Popper, after sharing a statement that Santander Bank doesn’t want to utilize XRP. In line with XRP, a cryptocurrency expert foresees that XRP will plunge.

The CEO of Ripple, Brad Garlinghouse, replied to the statement of Nathaniel Popper, a technology reporter from the New York Times. Popper said that the Spanish Bank, Santander, hesitates in using Ripple’s XRP.

Popper targeted at Ripple’s CEO, Garlinghouse, and the reporter cited some instances by Garlinghouse back in January 2018. It’s about how banks plan to utilize XRP altcoin in the future. As per the statement, Ripple continued to state that clients use their savings to deposit in XRP, and the information came from forecasts that Garlinghouse provided.

Popper added that if depositors invest their money to XRP, the CEO discussed how funding institutions plan to utilize Ripple’s XRP. These establishments might have lost their investment for about 90%.

As a response, Garlinghouse stated how Ripple didn’t have plans in resetting their tactic. He shared in a statement that he thinks utilizing the cryptocurrency to resolve a problem that’s worth $10 trillion, which is how cross-border settlements work.

The CEO of Ripple explained further that its ODL or On-Demand Liquidity, which is previously xRapid, was responsible for over $2 billion in transactions since it launched the program. He mentioned that the volume reached 11 times in the quarter-one of this year, and he compared the performance from the recent quarter-one of the year 2019.

As per Bloxy, the Ripple explorer, the system produced about 900,000 transactions daily this year, having an increase in sales. It’s worth 3,000,000 on January 7, 2020.

The ODL presently backs more than two dozens of customers. It includes Golance, FlashFX, Viamericas, Azimo, and MoneyGram.

Popper didn’t support his situation when he mentioned the Twitter account of Garlinghouse incorrectly. Garlinghouse responded to him, stating that he needs to check and keep up with the standards of the NYT. The CEO of Ripple also clarified that his username is @bgarlinghouse, and not @bradgarlinghouse.

When it comes to the XRP price, Michael van de Poppe, a cryptocurrency analyst, he stated that it’s ripe, and it’s about to set for a pullback after hitting a significant resistance level.

This digital asset analyst stated that his 69,000 Twitter followers that he’s searching for a retracement, which is more than 27%. He doesn’t anticipate the third-biggest digital asset to take out a significant resistance level, and it’s in the short-term. He states that XRP will need to break during the considerable barrier, which is at $0.32. It will start the succeeding move, which is going to the upside.

The purchase dip zones are $0.212 and $0.245. The following resistance level if it breaks is at $0.40. The analyst expressed a doubt that this digital asset will endure rallying, yet it will be satisfying to purchase the dip.

Another expert, Trader Cheds, shares to his 79,000 followers that the rally of XRP was a trap of the bulls. He anticipates that the digital asset is to correct by over 15% in the near term.

 

jamie xrp news | XRP & Ripple News
Jamie West
Tags: altcoinbankcriticismcrypto assetcryptocurrencydigital assetdigital walletforecastsGarlinghouseNew York Timesresistance levelSantandersupport leveltechnology
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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