Ripple [XRP] To Transform The Economy How We Know It

With the bears having their saying for first half of the year, crypto-investors are hoping the most out of the second part of 2018 and hopefully gain will be witnessed.



Ripple For the Change
Being part of the cryptocurrency community for a longer time, make you forget for the near term changes in prices while tending towards the longer-term ideas. That is why much curiosity is around the startup Ripple, its token XRP and the blockchain based financial solutions the team is offering that aim to shake the global-cross border transactions how we know them.

The crystal clear goal of the team behind Ripple is to change one industry for the better. Much like Amazon, in its time when it wanted to change trading much faster and user friendly with delivery option, that is what Ripple is attempting to do for the cross-border transactions.

Furthermore, Ripple is aiming to solve real-life problems, and they are inventive by offering a solution to real-life problems through its xRapid. Ripple’s xRapid will use its token, XRP, to achieve this feat.

Ripple – Founder
Brad Garlinghouse was recently interviewed by CNBC at the recent Money 20/20 event in Amsterdam. Ethereum World News had earlier mentioned the manner in which Ripple (XRP) would more or less defeat Bitcoin (BTC) in the future, as an offshoot opinion piece of Mr. Garlinghouse’s comments during the same interview.

Brad Garlinghouse was noted as saying that there is a list of major banks in line to use the xRapid platform by the end of this year; with dozens expected to be doing so by next year. He had this to say about xRapid:
By the end of this year, major banks will use xRapid as a liquidity tool. By the end of next year, I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity.

Ripple – Swift
The Society for Wordwide Interbank Financial Telecommunication or SWIFT is around and close the same for over 40 years. Created in Brussels, Belgium 1973. It has done its part of allowing cross-border transactions to happen, but with no change of development. That is why a new, best be, blockchain solution is needed to be implemented.

With Ripple introducing the xRapid solution to transfer the XRP token to source liquidity, various existing issues would be solved. The whole process could take only 3 sec per transaction.

In the long term objective, with the prices hitting rock-bottom right around now it could be best to step in. However, as usual trade safely and do not overtrade.


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Author: MaxPositives
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Ripple’s CEO says – ‘We’re first a payments company’

Brad Garlinghouse, CEO of Ripple, at the Yahoo Finance all markets summit gave answers to questions that compared Ripple with CHAIN.


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He was also asked what can Ripple be called as, a blotchy company or a crypto company.

Garlinghouse said he has a lot of respect for Adam Ludwin, CEO at CHAIN, but his impression is that CHAIN has shifted their focus to a product they call ‘Sequence’ and that they are working on kind of a new segment of their customers and in the cross-border payment space he says, Ripple is far ahead of what anybody else is doing. He doesn’t think of CHAIN as a competitor.


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Garlinghouse states:
“I know they did a pilot with NASDAQ they did some stuff with VISA, my impression is that they are working on kind of a new segment, so you know in the cross-border payment space I think Ripple is far ahead of what anybody else is doing. And you know I feel good about the traction momentum and the pipeline of customers that we have going.”

On asked about what is Ripple he said they are first a payments company that uses Blockchain and digital assets to solve a problem. On speaking about other such companies he mentions that ”they have a peanut butter problem”. He thinks these companies and platforms are trying to be all things to all people.

His advice to other companies:
“if they have 100 different use cases you’re pursuing, you have zero because you cannot understand a 100 different customers and a 100 different needs of the buyers, and you need to focus and understand and tell ‘hey we’re going to solve this for this verticle and we’re goooing to use blockchain technology to do that.”

“So I am [Ripple] payments company that uses Blockchain and uses digital assets to solve the payments and liquidity problem.”



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Ripple to Invest $2 Million in Texas University’s Blockchain Research

The University of Texas at Austin is among one of the first academic institutions to receive funding from Ripple, the San Francisco-based distributed ledger technology startup.


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The company pledged to invest $2 million over the next five years in the university’s McCombs School of Business to support its Blockchain Research Initiative, according to a report from The Daily Texan Thursday.

The funding by Ripple is part of the $50 million it pledged to invest in blockchain research by universities around the world, as previously reported by CoinDesk. Other recipients included Princeton University, MIT and 14 other worldwide institutions, the report said.
However, McCombs School of Business does not yet have a firm plan for how it will direct these funds, said Cesare Fracassi, an associate professor of finance.


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Fracassi, who also runs the school’s Blockchain Initiative program, told CoinDesk that the school plans to call for proposals later this year. Projects run by both faculty and graduate students could receive funding from the program.

“Not only the business school but other branches will be able to participate as well. For example, the medical school expressed interest in blockchain research,” Fracassi said.
The relatively-young initiative began in April 2018, when McCombs held its first blockchain conference with roughly 300 participants, he said.

Notable guests included Goldman Sachs senior fintech equity researcher Jim Schneider, IBM Global Blockchain Services’ Jason Kelley, Dell’s Radia Perlman, Ripple director of corporate payments Ryan Gaylor and U.S. Securities and Exchange Commission attorney Dave Hirsch.

Fracassi said there will be another conference in 2019.

According to the Blockchain Initiative website, its purpose is to “support faculty and graduate students research on blockchain,” as well as “teach students the main concepts related to blockchain, cryptocurrency, and digital payments.” The initiative also intends to facilitate relations with industry and media organizations.



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Ripple (XRP) To Gain Further Liquidity With Listing On Nasdaq Powered DX.Exchange

Brad Garlinghouse, in his interview with CNBC during the European tour of the Money 20/20 event, stressed the importance of Ripple’s (XRP) liquidity when banks use xRapid for international payment settlements.


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The same liquidity is what XRP has been attaining by getting listed on numerous exchanges and wallets. The most recent listings being ZebPay, Revolut, and SBI Virtual Currencies (VCTRADE).

Therefore, it is no suprise that XRP has received enormous support in terms of being listed in the yet to be launched, DX.Exchange. XRP managed to achieve this through a facebook poll conducted by the exchange in a manner that is true to decentralization. The Ripple facebook community voted overwhelmingly to have their favorite coin listed in the exchange.

DX.Exchange had this to say via twitter with respect to the poll and listing of XRP on its platform:
“”Here’s the winner of our Facebook Poll: @Ripple will be available when DX.Exchange launches and an essential part of our community. #exchangeyourway
The announcement was accompanied by a video that gives a brief history of Ripple and its achievements in terms of giving almost instant payment settlement solutions across the globe.””


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The DX.Exchange is being built on Nasdaq’s market leading matching technology and is currently carrying out pre-registrations on its website. When launched, the exchange will allow individuals and institutions to purchase cryptocurrencies with fiat; trade crypto on the platform; as well as converting them back to fiat. The exchange is licensed in Estonia under the Estonian Ministry of Economic Affairs and Communication. With transparency and security as key ethos by the exchange, user funds and information will be secure on the platform through the use of advanced encryption.

With respect to the market performance of XRP, the coin is currently valued at $0.674 and up 2% in 24 hours at the moment of writing this. The general feel in the crypto-markets is of stability with Bitcoin (BTC) back at the the welcome levels of $7,600. The total market capitalization of the crypto-markets has also maintained levels of above $330 Billion for the first half of this week. All fingers are crossed that this value will not subside, but rather continue to increase during the month of June.


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Author: MaxPositives
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Ripple Price Analysis: XRP/USD’s Downside Break

Key Highlights
Ripple price declined recently after buyers failed to push it above $0.7100 against the US dollar.

Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair is now trading below the $0.6800 support level and the 100 hourly simple moving average.

Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term.

Ripple Price Resistance
There was no upside break above the $0.7100 level in Ripple price against the US Dollar. The price traded as high as $0.7060 before sellers appeared and pushed the price lower. A fresh bearish wave was initiated and the price declined below the $0.7000 support. The decline was such that the price also settled below the 0.6800 support level and the 100 hourly simple moving average.

More importantly, yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair. The pair also broke the 50% Fib retracement level of the last wave from the $0.6478 low to $0.7067 high. It has opened the doors for more losses and the price could decline further towards the $0.6600 support. An immediate support sits around the 76.4% Fib retracement level of the last wave from the $0.6478 low to $0.7067 high.
Ripple Price Analysis XRP USD
Looking at the chart:
T
he price is currently in a bearish zone below $0.6800. Should there be an upside correction, the price could face sellers near $0.6800 and the 100 hourly SMA. On the downside, buyers can keep an eye on the $0.6600 support level. Below $0.6600, the last swing low of $0.6478 may be retested.

Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is declining and is currently well below the 40 level.
Major Support Level – $0.6600
Major Resistance Level – $0.6800


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Ripple (XRP): Approaching Critical Levels!

Now that price action for the cryptocurrencies has settled into more conventional “ebb and flow” movements, the market is becoming more appealing to long-term investors and intraday traders. These investors were otherwise timid about entering the cryptocurrency market in November and December of 2017 when many of the popular cryptocurrencies were breaking through new all-time highs on what seemed to be a daily basis.

Since then the market has turned bearish. Many of the cryptocurrencies that where soaring to unsustainable prices have given back most, if not all the price gains that resulted from the cryptocurrency bull market run of the last two months of 2017.

The bear market that the cryptocurrencies have been experiencing since mid-December seems to have hit bottom. The two bellwether cryptos, Bitcoin and Ethereum, have both bounced off their local lows on April 1, 2018. Ripple has followed a similar pattern.


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Ripple hit a low of $.45410 on April 1, 2018, around where it hovered until about April 10th. It has been on a steady upward swing ever since to a high of $.96663 on April 24th. The upward price movement is exhibiting some price action that is indicative of a reversal.
The 60-minute chart above further confirms these price patterns.
The same trendlines shown on the daily chart are drawn on the 60-minute chart. A close inspection of the volume indicator shows a clear pattern of diminishing volume as price action makes higher lows.

The most recent upward trendline follows a downward price move that was accompanied by a spike in volume. Price has subsequently started trending upward making higher highs and higher lows, while volume has diminished.

At present, Ripple is hovering right at the trendline at $.83473 after dipping just below it. Once price begins moving above the trendline, a buying opportunity will be signaled. The signal will be confirmed when the price reaches the high of the prior upward price swing at $.89903.

What we see as getting Ripple through the $.89903 resistance level is news about a new banking partnership. The list of banks that are now with Ripple is growing each day. AK Bank, Axis Bank, UBS, SBI Remittance, Mizuho, Standard Chartered and newly added Santander are just a few of the influential partnerships formed by Ripple throughout Q1 of 2018. According to Ripple’s CEO, Brad Garlinghouse, if things keep going the way they are now, Ripple might enter partnerships with more than half of the biggest banks around the world within the next five years.

One of the best rumors surrounding Ripple at present is pairing up with ApplePay. There are indications that Apple has decided on implementing Ripple’s interledger protocol into ApplePay. Being one of the greatest technology companies in the world, if this rumor turns out to be based on reality then it could take Ripple to the moon in the blink of an eye.
Overall, Ripple has a simple goal of becoming the most preferred payment solution. Current banking systems are slow, have limited transparency and expensive and hence, cannot function as a global payment system. But Ripple has every feature required to be an ideal global payment system. Because of Ripple’s functionality, we expect Ripple to be back above the $1 mark rather quickly.


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The CEO explains why Ripple had one of the best quarters and XRP one of the worst

The Chief Market Strategist of Ripple, Cory Johnson and the CEO of Ripple, Brad Garlinhouse had an Ask Me Anything session recently.

Ripple got a lot of attention due to the huge run-up at the end of December and January. However, there was a 70% meltdown across the entire space during the first quarter, Cory mentioned. What does that tell us about the industry? What is Brad’s opinion about the same?
First thing is that the industry is still nascent and Brad has previously said publicly that there continues to be a need for a maturation process in the cryptocurrency space.
According to him:
“The whole industry is going to mature and I think we should expect there to continue to have a lot of volatility in the digital asset market broadly.”
The whole industry, the whole category was roughly down 70% along with XRP, Cory pointed out.

For which Brad said:
“One can argue that XRP has had one of the worst quarters ever and yet Ripple had one of the best quarters ever.”
He added:
“Ripple has been relatively unique in the whole ecosystem. We are going to lean in and work with regulators, governments around the world and certainly I spent a lot of time in Q1 doing exactly that and I think it is important to educate and explain that there is still a lot of misinformation out there.”


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Further, Brad spoke about why XRP should not be viewed as a security. And he mentioned the following reasons for the same:
XRP is not a share of Ripple. There is a company called Ripple and there is an ecosystem around XRP and an open source technology for XRP. When you buy XRP, it does not give you shares or dividends or access to profits of Ripple.

The XRP ledger is an open source free decentralized technology that exists independent of Ripple. If Ripple, the company were to go away tomorrow, the XRP ledger would continue to operate and exist. It is an important distinction between the independence of both XRP and Ripple, as it has been misinterpreted for a long time now.
Around some of the ICOs there is a real utility in the XRP token and to an extent, it is solving real problem at scale.

Cory continued to say that, it is visible that more companies are taking advantage of the XRP ledger and the reason is that XRP ledger is about 1000 times cheaper per transaction than Bitcoin [BTC] and it is a thousand time faster in transactions than Bitcoin. Other companies are building other capabilities on top of the XRP ledger and it will continue in the same way.

Brad says:
“We want to see the whole ecosystem thrive. Liquidity and volume are key measures of the health of the overall ecosystem. All the participants in the ecosystem benefit from that liquidity.”
Cory added to the point,
“We are doing things as a company to accelerate that liquidity in the markets, we were crispy, especially where we do business.”
The team does a number of incentives and have been proactive in advertising. Now, they have started a new project called ‘Ripple Accelerator Program’ which will be released in Q4. This is where they are using dollars as well as XRP to incentivize the adoption of their technologies and the usage of these.
When Brad moved to Silicon Valley 21 years ago, he says it was similar to a company called PayPal, which is a big name in the industry now.
He illustrated:
“I signed for PayPal and got free 20 dollars. This is how we drive networks using incentives as part of those network effects.”
Ripple is one of the companies in the XRP ecosystem that is built on top of the XRP ledger which is a decentralized, open source technology and they are both completely different and independent from each other. It should be clear that XRP is not a security as well.

Further, Brad claimed:
“It’s really frustrating to me that I continue to see journalists that conflate the two in many cases when they know there is a difference and it adds to the confusion. It is clear they are separate and distinct. We will continue to make those points”

Brad concluded by saying:
“More and more companies will be seen building on top of XRP ledger which will make it even more clear. There is still work to be completed and we will keep making those points. These quarterly Q&A sessions are important to be held on a regular basis as there is a lot of misinformation out there. We will keep trying to be proactive while also clarifying and educating about how ripple is doing.”


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Ripple Prices Surge 20% As Cryptos Rebound

Ripple prices rallied lately, generating notable gains as the broader cryptocurrency market pushed higher.
The XRP token reached $0.8768 early this morning, according to CoinMarketCap.

At this price, the digital token was up more than 20% over the last 24 hours, and had climbed to its highest since early March, additional CoinMarketCap figures show.
XRP appreciated as several other digital currencies moved higher. At the time of report, every one of the top 10 cryptocurrencies by market value were up over the last 24 hours.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
When explaining what fueled the recent gains in the price of digital assets, analysts cited several factors.

Binance Rumors
Several media outlets reported that exchange Binance would allow its customers to use fiat currencies to purchase cryptocurrencies, linking these alleged developments with the gains in XRP.
However, Binance has made no plans to allow such transactions, according to Bloomberg.

“It certainly wouldn’t be the first time XRP has moved on rumors,” stated Mati Greenspan, senior market analyst for social trading platform eToro.
“Everyone is anticipating XRP being listed on one of the top exchanges sometime this year,” stated Marouane Garcon, managing director of Amulet, a crypto-to-crypto derivatives platform.

Charles Hayter, co-founder and CEO of digital currency data platform CryptoCompare, commented on these expectations.
“It all comes down to the perception of investors, and how likely they think a particular outcome – for example an exchange adding XRP trading – really is.
While the Binance rumors did play a role in XRP gains, there were certainly other factors involved, analysts emphasized.”

Tax Season
Several market observers pointed to tax season when explaining the recent movements in the digital currency markets.

“Tax season in the U.S. is now over,” noted Sebastião Coelho, CMO of blockchain-powered FinTech company Flashmoni.
“Many investors cashed out their cryptocurrencies either to pay for their taxes or because they didn’t understand the market and decided to reallocate their portfolios,” he said.
Garcon offered a similar point of view. “I believe that the post tax day surge also had something to do with XRP’s recent movement.”

Market Optimism
Traders have become more positive about the digital currency markets as of late, and more than one analyst spoke to these developments.

Cryptocurrency prices have been trending higher, noted Marius Rupsys, a digital currency investor.
“The entire market is up and the general sentiment is that we’re finally coming out of a bear market and entering a bull market,” said Garcon.

A Strong Buying Opportunity?
As these digital assets rise in value, investors may perceive XRP as a good buying opportunity, said Coelho.
“XRP is priced significantly lower than any of the other top five cryptocurrencies (BTC, ETH, BCH and LTC),” he stated.
Since the XRP token has fallen so much from its all-time high, it bounces back more than other digital currencies, said Rupsys.


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