Use or Speculation: What's Driving Ripple's Price to All-Time Highs?
Even by cryptocurrency's often exaggerated market standards, the price of XRP has been on a tear of late. The cryptocurrency that powers the distributed Ripple Consensus Ledger, a business-focused distributed ledger technology platform developed by San Francisco startup Ripple, has surged more than 1,000% over the last 30 days, reaching a new all-time high on 2nd April. But what's the reason for the sudden surge? So far, markets have been left to speculate, watching as the wider cryptocurrency markets have seen new volatility. Yet, Ripple is now weighing in on the market activity, arguing....
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It’s morning time in Europe again, and as such, time to put forward our first analysis of the day in the bitcoin price. We’ve been craving some volatility over the last few days, and action last night finally gave us that volatility. Having initially gained to overnight highs just ahead of 455, price looked pretty solid this morning as the European session opened. However, as we write this, price has collapsed to carve out intraday lows at 451.45. Exactly what is driving this selloff is unclear. It may just be that short-term speculators are pulling profits out of the market on the back of....
The Ripple Swell conference in Dubai concluded without the much-anticipated announcement of an Initial Public Offering (IPO) by Ripple, leading to a surge in speculation about the fintech company’s future plans. Crypto influencer Eri weighed in on the discussion, urging caution and a nuanced approach. Ripple IPO Not So Soon? Eri emphasized the importance of […]
Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has had anything to do with the news about the hard fork to Bitcoin Classic. There have been some concerns about the hard fork due to some issues with scaling, adoption, regulation, legality and liability. Yet there have been vocal supporters of the hard fork in the space that have championed....
Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's issue examines the recent Ripple price rise and the astounding early success of the Ethereum project's Ether sale. Ripple Price Recovery? The Ripple community has undergone significant turmoil over the past several months. In addition to speculation about internal dissension at Ripple Labs, the community endured a significant price decline after co-founder Jed McCaleb announced he was selling his entire XRP holdings. Within 48 hours of McCaleb's....
Key XRP Outlook XRP almost hits $1.5 for the first time since January 2018. The upside boost comes in the wake of small legal wins for Ripple Labs as it battles the US Securities and Exchange over a lawsuit. Technically, the Ripple token has climbed to overvalued levels, requiring a neutralizing price correction. XRP, the de-facto settlement token atop the Ripple blockchain, has become traders’ eye-candy all over again after a series of blunders. The […]