Ripple price news: Why is Ripple crashing?

The cryptocurrency is one of the few that are constantly finding novel ways to develop real-world use cases. To underline this fear, Facebook recently announced it would be removing all advertising of cryptocurrencies from its platform, rattling traders into a bearish mood.

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Banks, several payment providers, and a host of digital asset exchanges are using xCurrent, xRapid, and xVia. And this is just one more reason to continue holding onto your favorite coins. Not long thereafter, in January, Ripple and.

Ripple (XRP) - why ripple going down any idea about it?

Profit-taking, finally, don't discount the possibility of profit-taking sacking Ripple's token. While bitcoin is often attributed as leading this charge, the latter half of 2017 was all about the emergence of other tokens from bitcoin's shadow. The barrier to entry in developing and testing blockchain is very low, requiring just time, money, and a team of computer coders to get the job done. If Ripple can recover.5180 and hold, then a glimmer of hope remains for a rebound. Sean Williams has no position in any of the stocks or cryptocurrencies mentioned.

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The Motley Fool has a disclosure policy. The bearish market may have seen all cryptocurrencies plunge to new price lows, but that wasnt all for Ripple. If more financial institutions continue to deploy Ripple's blockchain, and the company sees a boost in payouts via transaction fees, then yes, investors have something to be excited about. He took a swipe at how many of the coin offerings we see are only interested in making money. .

What the Heck Is Wrong With Ripple?

Financial institutions themselves are also developing blockchain technology for payments, some of which may work independently of a virtual token. Recently, Ripple has snagged a number of brand-name partners. Read OUR rules, what is Ripple?

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He said that: Better sometimes to focus on solving real problems for real customers, and not worry about running infrastructure for a token issue, getting listed on exchanges and all the steps that come with that, Garlinghouse added. Building even more on this, there are no guarantees that the blockchain Ripple brings to the table is the best solution for the banking industry. Why is Ripple crashing?

Ripple Could Be The Next Bitcoin - Forbes

XRP is the fastest and most scalable digital asset. On a scale of 1-10, this cross-border payment crypto, could claim to have dominated 9/10 in every sense of the word. The buzz behind Ripple and blockchain. The current political climate has made it difficult for international relations to thrive. Updated :28, uTC, bTC 6314.79 -4.0, xRP Values BTC.44 USD.5247 -6.44 EUR.4450 -6.44 Updated :28 UTC created by a community for 8 years.