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XRP vs Stellar (XLM): Which is Better for Cross-Border Payments?



Both XRP and Stellar Lumens (XLM) are distributed ledger technology (DLT)-based platforms that aim to provide cross-border payments solutions between large banks and financial firms. However, Stellar’s products have also been developed for the individual consumer.

Notably, the Stellar payment network is a fork of the Ripple protocol and was founded by Jed McCaleb in 2014. McCaleb is also the co-founder of the Ripple protocol. When the Stellar project was proposed, a non-profit Development Foundation was launched as well – in order to support the ongoing development of the Stellar platform.

Stellar Backed By Stripe

One key difference between XRP and Stellar is that the latter was created by a non-profit organization. Due partly to the lower overhead costs of operating as a non-profit entity, the transaction fees on Stellar’s network are quite low. Early stage investors in the Stellar project include San Francisco-based Stripe, an internet-based payment processing service.

Similar to how the XRP cryptocurrency (developed by Ripple Labs) is used to facilitate transfers between two parties who may use different fiat currencies, the Stellar network also allows users to send and receive payments to/from bank accounts that support different currencies – without having to pay high currency conversion fees.

Transactions Only Cost Fractions Of A Cent

For example, the Stellar network can be used to send a payment in British pounds (GBP) to an account that accepts USD. The sender of the payment on the platform only has to pay a 0.00001 XLM network usage fee – which is only a fraction of a cent.

San Francisco-based Ripple Labs has also developed products which are quite similar to those offered by Stellar. XRP is a cryptocurrency that was developed by Ripple Labs and its transactions are conducted on the XRP ledger, at incredibly small costs. In order to transact on the XRP ledger, however, an address must hold at least 20 XRP.

As explained on Ripple’s official website, users must hold a minimum of 20 XRP so that “the shared [XRP] global ledger [does not] grow excessively large as [a] result of spam or malicious usage.”

As most XRP community members would know, not all of Ripple’s products use XRP as the base currency. xCurrent, which does not use the token, is an enterprise-level software product that utilizes the Interledger Protocol (ILP)  to “instantly” process international payments – as it allows for “inter-operability” between virtual and fiat currencies.

The Interledger Protocol was created by Ripple Labs, but its ongoing management and development is now handled by the World Wide Web Consortium (W3C) group. The W3C is an international body that creates open standards to support further growth of the internet.

MoneyGram Tests xRapid, xCurrent Supports Real-Time Messaging

Notably, xCurrent supports real-time messaging between banks (similar to SWIFT) – which is useful because static messages may have typos or might not include important information. This often leads to transactions being delayed.

Another popular product developed by Ripple Labs, xRapid, was also launched recently. If XRP is used to send payments using xCurrent, then Ripple refers to these types of transactions as xRapid. Prior to going live (production), xRapid was tested by leading money transfer services such as Western Union and MoneyGram.

One of the main benefits of using xRapid, according to Ripple, is that it provides liquidity through XRP – which allows money to be transferred cheaply and quickly.

Public Vs Private DLT Networks

Although Ripple, the company, claims to have partnered with around 150 different financial institutions who are either currently testing its products or are even using them in a production environment, the American fintech’s critics say that transactions on RippleNet are not transparent. That’s because it’s a private DLT-based payment network.

However, digital currency transactions on the Stellar network can be verified and seen by anyone – which is something that generally holds true for most public blockchains. Another thing which Stellar’s community focuses more on, compared to Ripple, is serving the underbanked – meaning helping to provide financial services to people who do not have access to modern banking services.

Legal Disputes

There have been a number of legal disputes between members and founders of Stellar and those working on Ripple Labs’ initiatives. One of the most notable disputes between the two involved digital asset exchange Bitstamp. There was about $1 million in cryptocurrency that was held on Bitstamp – which had been claimed by both the Stellar Development Foundation and Ripple Labs.

Bitstamp had asked the courts for permission to transfer the disputed amount to Stellar’s foundation, as it had claimed that it was unable to determine whether the funds belonged to McCaleb’s cousin, Jacob Stephenson, or if Ripple Labs was the actual owner of the funds. Stephenson, the defendant, had reporteldy sold the XRP tokens to Ripple through Bitstamp.

According to Ripple, this transaction was in violation of certain terms and conditions that McCaleb had agreed to as a former board member at Ripple Labs. As CryptoGlobe reported in late September, McCaleb had been accused by Ripple’s board members of selling more XRP than he was allowed to (during a certain time frame)- as per terms stated in the contract.  Although it is unclear exactly how many XRP tokens McCaleb holds, it is well over 5 billion XRP.

Source: CryptoGlobe


Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle



  • Ripple price started a fresh increase and it surged above $0.3000 against the US dollar.
  • The price is currently correcting higher after trading to a new monthly high near $0.3040.
  • Earlier, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is slowly correcting lower and it could find bids near the $0.2940 and $0.2920 levels.

Ripple price is moving nicely in a positive zone against the US Dollar and bitcoin. XRP price remains in an uptrend above $0.2900, while ETH and BTC are struggling.

Ripple Price Analysis

Yesterday, we saw a downside correction in ripple below the $0.2850 support area against the US Dollar. XRP price traded as low as $0.2783 and recently started a fresh increase. It is up more than 4% and cleared many hurdles near the $0.2900 and $0.2920 resistance levels. Moreover, there was a close above the $0.2900 level and the 100 hourly simple moving average.

During the rise, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair. The pair gained momentum above the $0.2950 and $0.3000 resistance levels. A new monthly high is formed near $0.3040 and the price is currently correcting. It is trading below the 23.6% Fib retracement level of the recent wave from the $0.2783 low to $0.3040 high.

On the downside, an immediate support is near the $0.2940 level. However, the main support is near the $0.2920 level. Additionally, the 50% Fib retracement level of the recent wave from the $0.2783 low to $0.3040 high is also near the $0.2915 level to provide support. If there are more downsides, ripple price could revisit the $0.2880 support area and the 100 hourly SMA.

On the upside, an initial resistance is near the $0.3000 and $0.3020 levels. If there is a successful close above $0.3020, the price could surge above the $0.3040 and $0.3050 levels in the near term. The next stop on the upside is near the $0.3100 level.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is showing a lot of positive signs above the $0.2920 support area. Therefore, there are high chances of a decent upward move above the $0.3000 in the coming sessions. Only a close below $0.2880 may perhaps negate the current positive bias and start a fresh decline.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining strength in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level.

Major Support Levels – $0.2940, $0.2920 and $0.2880.

Major Resistance Levels – $0.3000, $0.3020 and $0.3040.

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Ripple (XRP/USD) forecast and analysis on October 18, 2019



Cryptocurrency Ripple (XRP/USD) is trading at 0.2828. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator stripes.

Ripple (XRP/USD) forecast and analysis on October 18, 2019

As part of the Ripple course forecast, a test level of 0.2780 is expected. Where should we expect an attempt to continue the growth of XRP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 0.3080. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator strip at 0.2750.

Ripple (XRP/USD) forecast and analysis on October 18, 2019

Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of ​​0.2580. This will indicate a change in the current trend in favor of a bearish for XRP/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Ripple (XRP/USD) forecast and analysis on October 18, 2019 implies a test level of 0.2780. Further, growth is expected to continue to the area above the level of 0.3080. The conservative area for buying Ripple is located area of 0.2750. The cancellation of the option of cryptocurrency growth will be a breakdown of the level of 0.2580. In this case, we should expect the continuation of the fall.

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What Ripple’s Investment in Swedish Startup Towo Labs Means for XRP HODLers



Xpring, Ripple’s investment and incubator arm, announced on Wednesday (October 16) that it had invested in Swedish startup Towo Labs, which is developing open-source firmware that will allow popular hardware wallets to provide full support for the XRP Ledger (XRPL), which means that XRP HODLers will be able to use all 17 XRPL transaction types in a secure non-custodial fashion.

 Xpring’s announcement says that that Towo Labs is the team that created the extremely useful resource XRP Toolkit, which provides a “trustless, non-custodial web interface to the XRP Ledger.”

Towo Labs’ advisors include Matvey Mukha, Founder of Secalot, and Wietse Wind, Founder of XRPL Labs.

Towo Labs’ talented team consists of just three software engineers: Markus Alvila (also the startup’s founder), Patrik Sletmo, and Silas Lenz.

Alvila explained via a blog post what this strategic investment from Xpring means support for the following two projects 

  • Supporting All XRPL Transaction Types on Hardware Wallets
  • New XRP Toolkit with Full Hardware Wallet Support

Featured Image Courtesy of Towo Labs

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