XRP Leads to Higher Highs While Ethereum Strikes Bitcoin

United States – Following a week-long success, Ripple’s XRP seems to sit at the pivotal point and could rise to higher highs. The bellwether digital asset has endured so much this 2020 and experienced low volatility periods.

Despite the ambiguity that XRP presented during the coronavirus pandemic, analytics claim that whales are still going into a buying frenzy. Several whales have joined the network in such a short period. The continuous increase of wealthy investors behind Ripple’s XRP may seem insignificant to others, but the spike and pressure can translate into more successes and millions of dollars.

If new investors continue to pile up, Ripple will surely have the strength to move past the overhead resistance. The company knows how to turn critical price hurdles into support, so many critics believe that the world can see the pioneer cryptocurrency rise before 2020 ends.

Currently, Ripple’s XRP is the fourth most valuable cryptocurrency and is one of the fastest-growing digital assets. While this company is a late entrant into the crypto market, it still captured millions of industry players and earned huge reaps in value.

Since 2019, Ripple’s XRP has doubled in value and solved plenty of trading solutions. Many critics believe that Ripple will continue leading to higher highs since it continuously offers unique services to the users and the market.

Buyers and sellers gain confidence with XRP for its speed of completion. Other altcoins like Bitcoin sometimes experience delayed transactions, resulting in lost faith and room for fraud. Since Ripple’s XRP enables customers to complete a transaction within five seconds or less, it beats other cryptocurrencies that require customers to wait for an hour or more.

Regarding Ethereum, the digital asset appears to be breaking out, experiencing stable growth, and delivering excellent investors’ value. Since September 2020, the stability has attracted new institutions and enterprises, just like Ripple.

Both Ethereum and XRP provide the confidence and stability that businesses need during transactions. These cryptocurrencies can handle up to 15 transactions per second, which is impressive enough to give people greater confidence in partnerships and transactions.

The versatility and customization that XRP delivers fit the needs of different uses. The company allows people from different parts of the world to transfer fiat and digital currencies. Unlike Bitcoin, XRP transactions do not take many minutes, even with higher values. Many prominent banks worldwide have been using Ripple’s payment system in facilitating payments for goods and services.

Latest News: XRP Gains Momentum While Bitcoin Struggles

United States – While Bitcoin is currently the most prominent digital currency, Ripple’s XRP gains more interest this 2020. Throughout the year, Ripple continuously adds new features to help fund business operations and incentivize customers.

According to internal sources, Ripple’s XRP trades well above the $0.2500 support and runs a steady increase. Last October, the digital asset even broke the $0.2600 resistance level. XRP has resumed its march higher despite the coronavirus pandemic.

Other top ten cryptocurrencies, including Bitcoin and Ethereum, have not gained the same increase this year. Although Ripple’s XRP fell as the economy closed, many critics claim that the currency can still win before 200 ends.

Many investors are happy with XRP’s performance, especially with the latest On-Demand Liquidity that has increased significantly in the third quarter. Despite experiencing some fallbacks last April and May, investors believe that XRP can outperform Bitcoin in the next months. It may not look much, but XRP’s price and performance are getting better.

As some critics explain, XRP can break out of a falling wedge, and people will surely be surprised with Ripple’s performance in 2021. Some analysts predict XRP rising to $0.77, which is incredibly higher than the $0.25 mark this year. Ripple’s XRP may not easily break the strong resistance along with the $0.33 this year, but it will surely stabilize and level up next year.

Recently, Ripple purchased $46 million XRP for the first time, despite owning nearly half of the currency’s supply. The executives claimed that the transaction aims to support ‘healthy markets” and create more interests around XRP. With this strategy, Ripple can increase XRP’s price, especially during the launch of the newest system called Line of Credit, where customers can buy XRP on credit from Ripple. Unlike Bitcoin, Ripple uses new ODL capabilities to source XRP liquidity from the open market dynamically.

Furthermore, Ripple also opened its newest regional headquarters in the Dubai International Financial Centre. This location is suitable for Ripple since it has a unique and reliable judicial system and regulatory framework.

The blockchain-based payment firm reportedly chose Dubai since it has more innovative regulations and offers a special economic zone for blockchain-based companies across the Middle East, South Asia, and Africa.

Ripple CEO Brad Garlinghouse has shared that the DFIC in the United Arab Emirates offers companies like Ripple profits for at least 50 years and no corporate income taxes.

Ripple Buys $46 Million XRP to Support ‘Healthy Markets’

The United States – Before 2020 ends, Ripple decided to buy $46 million XRP for the first time, despite owning nearly half of the currency’s supply. According to Ripple executives, this purchase aims to support “healthy markets” and attract more investors. A Ripple spokesperson confirmed that the company would continue to purchase XRP to support new projects, including the On-Demand Liquidity (ODL). The ODL solution utilizes XRP for fund transfers.

Although Bitcoin has the strongest correlation with other cryptocurrency assets, XRP has managed to bounce back and take off higher. Ripple believes that purchasing the $46 million XRP can help the digital asset and lean towards XRP’s dull price.

According to the executives, the $46 million can help Ripple’s new product, Line of Credit, in attracting more customers to buy XRP on credit. With this strategy, it is clear that Ripple is building new ODL capabilities to use XRP liquidity in long-term use dynamically.

Despite holding nearly half of XRP’s supply, Ripple still actively works to bridge cross-border payments and help more global banks in different countries. Despite the coronavirus pandemic, Ripple has impressively maintained its stance on programmatic sales and did sell XRP very well.

This fourth most valuable cryptocurrency has indeed experienced huge transactions this 2020. Large investors are keenly rushing to purchase the undervalued crypto. Thousands of people believe that Ripple’s XRP will surely become better than Ethereum and Bitcoin in 2021.

Since Ripple plays dual roles, it is cheaper and faster than other altcoins as a currency and a payment platform. Unlike its crypto rival, Bitcoin, Ripple has gained plenty of attention from the most prominent global banks, including Standard Chartered and Barclays, for cross-border transactions.

Last quarter, Ripple announced its new beta service called Lie of Credit, which allows more customers to purchase XRP on credit directly from Ripple. With this project, more customers can use this digital asset and accelerate their business performances and scales. Line of Credit aims to reach new customers and enter new markets. According to Ripple, ODL customers have piloted this project, and the initial reviews are overwhelmingly positive.

With the latest “Line of Credit” beta service, Ripple will start buying XRP to reduce supply. Many in the community worries about oversupply that might lead to poor price performance throughout 2021. However, Ripple assured that they will prevent it from happening and will continue to support healthy markets.

Ripple (XRP) Holds Strong With the US Dollar

United States – In the past months, the world has seen a sharp decline in Ripple’s $0.2400 support area. The XRP price even broke the $0.2350 rate and traded as low as $0.2310. Fortunately, Ripple recovered nicely above the $0.2350 to $0.2380 and recently started a solid wave. Although XRP’s price action has been incredibly bullish, many traders and investors still set their sights on the benchmark cryptocurrency.

According to one analytics platform, XRP’s whale count continuously climbs higher, indicating that some wealthy investors are beginning to learn about cryptocurrency. At the time of writing, Ripple’s XRP exchanges at around $0.24, which is still an excellent price.

According to some critics, this rate will continue to grow since XRP had a break above a key bearish trend line on the XRP/USD pair chart. The pair will grow higher if XRP’s price exceeds the $0.2420 resistance zone.

Amid a difficult year for the crypt industry, Ripple’s executives, including David Schwartz, have guaranteed that they are trying to lead more global banks to use Ripple (XRP) to settle cross-border transactions. Schwartz wrote that it might take more time to gain an appropriate momentum, but Ripple is striving to build more partnerships.

Although PayPal did not include XRP in its supported cryptocurrency list, it is establishing some agreement with Australia’s PayID branded payment standard.

More people in the United States are now considering Ripple since its remittance system for payment networks, and banks are more convenient and faster. All transactions settle in almost real-time, more transparent, and cheaper.

Since Ripple does not use blockchain like Bitcoin, the company utilizes a distributed consensus ledger using crypto tokens. By converting traditional currencies like USD, the exchange fee and processing time are way lower.

Many reputable banks worldwide, including the Commonwealth Bank of Australia, Santander, and Fidor Bank, utilize Ripple’s payment system. These partnerships help companies to fund business operations and incentivize customers more conveniently.

Rumours have been circulating that Ripple is building better partnerships with some central banks worldwide. Currently, Ripple has met with Brazil’s central bank representative, but the meeting remains private and closed.

Recently, Ripple has caused quite a stir after sharing a tweet from Christine Lagarde, ECB’s executive, which supports Ripple’s state-of-the-art payment system and the complete banking capital market union.

Over the years, Ripple has certainly gained plenty of momentum in the market. The company has helped millions of people in transferring funds quickly and more affordably. Currently, Ripple only runs 100 million XRP in the market while the other 900 are in escrow.

XRP Will Experience a Parabolic Breakout Like Ethereum

United States – Since XRP’s cost action has been slightly dull at the beginning of 2020, many investors and purchasers had difficulty getting control of the currency. Although the absence of momentum is not new to the digital platform, the token has been stuck within a macro debt consolidation stage for many months.

Some reports also revealed that some of XRP’s neighborhood, including the so-called “XRP Army,” had dried up and carried on to other jobs. However, some critics claim that XRP still has enough development capacity since millions of traders only see this situation as a short-term lorry to supply higher gains and see parabolic relocations.

One expert claimed that XRP has some striking resemblances to Ethereum’s cost action. It insinuates that the platform might see some massive benefits that can level up XRP towards its resistance by the end of 2020.

As of October 25, 2020, XRP is trading up around 1%, and its existing cost is around $0.255 in between lows of $0.24 and highs of $0.26. Therefore, some sellers and purchasers are having a difficult time establishing or receiving their momentums.

If XRP continues breaking above the upper border of this trading variety, this digital asset can continue towards higher levels within the upper $0.30 area. Fortunately, the purchasing pressure is currently great and might stay constant while the broader market stays bullish.

Analyst claims XRP might be setting up for a big push. While sharing ideas, he discussed that the company anticipates some short-term benefits and follow Ethereum’s steps. If XRP tokens begin gaining some greater results through Ripple’s partnerships, the rice pumps will not feel and will surely be backed by more traders.

Since companies like Ripple outperform banks in pricing, speed, and overall customer experience, many critics said that it would surely deliver a much better performance in the next years than old bank technologies.

XRP runs with completely modernized core business processes and offers better operational efficiency. It is crucial to explore new ways to optimize Ripple’s XRP and attract more customers in this context.

To keep an excellent pace with the current trend, Ripple’s XRP strives to refresh its offerings and function flawlessly in Europe and Asia. The digitalization f money transfers should offer the end customer the best possible experience. Currently, Ripple is working successfully with plenty of banks, and most of them are processing almost 50% of their total transactions using XRP.

Ripple CTO Brad Garlinghouse Addresses XRP Concerns

United States – Ripple’s XRP has become an integral part of today’s financial market. According to Ripple CTO Brad Garlinghouse, the company continuously examines the advantages and disadvantages of this payment system and takes an in-depth look at better innovations. Since 2019, over 90% of XRP belongs to escrow accounts that the company is inspecting. This situation is one of the things that Ripple take very seriously.

As a company that solve cross-border payments, Ripple wants to deliver better services and understanding in the market. Garlinghouse said that Ripple currently sells XRP to fuel cross-border payments using the On-Demand Liquidity instead of selling it on crypto exchanges for cash.

Furthermore, Ripple CTO Brad Garlinghouse also confirmed its possible relocation outside the United States due to the new and unclear regulation regarding blockchain technology and cryptocurrency. Some of the countries that Ripple consider are the United Kingdom, Switzerland, the United Arab Emirates, Japan, and Singapore.

However, Garlinghouse revealed that Japan had been one of Ripple’s most prominent markets, and the company has a very successful partnership with SBI, one of Ripple’s largest outside investor. SBI’s CEO is a smart innovator and pioneer plenty of things about technology and finance. Therefore, there is clarity that Japan might be the next Ripple headquarters.

Regarding Ripple’s popularity, Garlinghouse claimed that the company continues to provide better services than most banks in the United States. Since blockchain technology is faster, XRP delivers better performance in many areas than the traditional bank services.

Companies like Ripple outperform many banks in terms of pricing, API integration, speed, and overall customer experience. Therefore, critics appeal to financial institutions to develop new solutions and strategies. Otherwise, young companies like Ripple can steal thousands of customers. To stay competitive, banks need to level up their approach and catch up with the latest innovations.

Since 2019, Ripple has been working successfully with various banks across the US and Europe. These financial institutions use XRP o process cross-border payments in real-time. According to Ana Botin, Santander Bank’s CEO, almost 50% of their total transactions used Ripple’s One Pay FX.

In the past year, XRP has paved the way for many exciting opportunities. It is currently the fourth-largest cryptocurrency, and many investors see the platform’s future potential. Ripple’s XRP has excellent scalability, and many believe that it’s just a matter of time until the global economic system switches to cryptocurrency, especially Ripple’s XRP.

Ripple Eyes Moving to London Over US New Regulation

London, United Kingdom – The $10 billion financial technology company, also known as Ripple, is considering a new location for its headquarters due to the United States’ new regulatory environment. Fortunately, many countries have provided support assurances, including countries in Asia and Europe.

According to the company’s CEO, Bard Garlinghouse, he already visited London last month, and he finds it more XRP-friendly than other cities. Besides that, the United Kingdom is a clear taxonomy, which is great news for Ripple. According to Garlinghouse, XRP will not act as a security but as a currency in London. With that clarity, London can be very advantageous for Ripple.

Aside from the United Kingdom, Garlinghouse revealed that they also put other countries, including Japan, Switzerland, Singapore, and the United Arab Emirates, under consideration. These nations give more potential for Ripple than in the United States.

For over five years, many Asian countries, especially Japan and Singapore, have been using cryptocurrencies. Unlike in the US, these countries allow cryptocurrency platforms to operate and don’t conduct strict digital assets regulations.

Currently, Ripple is based in San Francisco and provides various cross-border payment services for many companies and institutions. Since 2018, Ripple’s marketing, sales, and holdings have reached millions. Unfortunately, they have been put under the United States’ regulatory review for “potentially violating” security laws. However, Ripple confirmed that they want to avoid further regulatory disputes, pushing the company to consider relocation.

Among all the countries that Ripple consider, Japan and the United Kingdom are the top priorities. According to the Financial Instruments and Exchange Act, these countries do not consider virtual currencies as securities. This digital asset has been legalized in Japan as a payment form since 2017 under the Payment Services Act.

Furthermore, London works very closely with SBI Holdings. This city is one of Ripple’s fastest-growing markets, and Ripple is looking forward to discussing it with London’s leaders. Another aspect is its popularity in the United Kingdom. According to Garlinghouse, many crypto investors in London prefer XRP to any other digital asset.

Brad Garlinghouse has revealed tons of insights about the company’s relocation. This enterprise is no longer safe in the United States, and moving to London, where XRP is considered a currency, is crucial. Although Ripple is still legally fighting against investors that claim XRP is an illegal and unsafe platform, it is clear that the company will continue operating under a safer and more welcoming nation.

Giant Vietnamese Bank Joins RippleNet for Remittances

Vietnam – A huge Vietnamese bank called Orient Commercial Joint Stock Bank has confirmed its partnership with RippleNet. Lately, Ripple’s XRP has been making significant steps in improving the global financial infrastructure. Currently, this company is collaborating with other successful Asia businesses, including the Asia-based SBI Holdings called SBI Ripple Asia.

RippleNet’s partnership with the Orient Commercial Joint Stock bank is an excellent way to help more Asia people experience faster transactions, especially using DLT. As earlier reported, the bank utilizes the blockchain technology to enhance cross-border payments. In an interview with the Orient Commercial Joint Stock Bank, the company revealed that Ripple’s XRP could help more retail clients and small and medium enterprises.

Since OCB has over 130 branches across the Asian country, millions of people will have access to flexible, transparent, decentralized transactions, ensuring instant processes despite geographical distance.

Over the years, Ripple’s XRP has served many Asian banks using the blockchain technology, especially in improving the financial infrastructure. XRP is also a globally accepted network, pushing more banks to consider Ripple’s vision.

In Vietnam, OCB is one of the most reputable banks to successfully apply for XRP transfers. With the company’s Ripple partnership, OCB could become one of the trusted banks that conduct faster payments and other financial transactions through RippleNet.

According to OCB, the cross-border transactions in Vietnamese are usually to and from Japanese clients. It means another milestone for the XRP adoption. With Ripple’s latest strategy report and the latest SBI Holdings performance, the company showed positive results in facilitating remittances and other payments transfers from Japan to other South-East Asian countries.

With the OCB and XRP collaboration, Vietnamese can utilize Ripple’s On-Demand Liquidity service, a feature that helps XRP grow closer to its utilization and adoption.

Phong Nguyen, Vice President and Head of Fintech and Project Management of OCB, revealed that this bank manages over $4.6 billion in assets. Therefore, its partnership with RippleNet is very strategic. With this investment in Ripple’s blockchain technology, OCB can apply better innovations to business, boost productivity, cut down the expense, bring transparency, and provide better customer service with remittances and cross-border payments.

Since Ripple’s XRP focuses on instant payments and competitive fees, it would act as another puzzle piece that falls into place. The Vietnamese banking industry has deep ties to the Chinese government, allowing Ripple to strengthen power across the Asia Pacific region.