- Ripple’s CTO says Ripple isn’t going to stop dumping XRP anytime soon.
- Ripple claims the price of XRP is not affected by its sale of XRP.
- Ripple is removed from top 10 on the road and LinkedIn’s list of hottest companies in the United States.
Ripple News Today – Ripple has been under fire from the XRP community for the last few months. The XRP community has said that the poor performance of the XRP token is as a direct result of the company’s sale of XRP. While Brad Garlinghouse tried to ease tensions by explaining why it is important for the company to sell XRP tokens, that didn’t do much and they continued to dump tokens shortly after his post on Twitter. Now, David Schwartz, Ripple’s CEO, has told the XRP community that the company has no intentions of reducing or stopping its sale of XRP.
Ripple Isn’t Going To Stop Selling XRP Anytime Soon
Yesterday, one of the members of the XRP community posted a tweet asking Ripple to stay away from XRP, responding to the comment, the Chief Technology Officer of Ripple, David Schwartz, said that Ripple will have no choice but to “massively disappoint” the XRP community. According to the company, the price of XRP isn’t falling because Ripple is dumping XRP tokens. They claim that the funds from the tokens that are being sold are used to boost the XRP ecosystem. However, the community claims that the company is doubling down on XRP dumping in a bid to
XRP (XRP) Price Today – XRP / USD
As Ripple’s quarterly earnings for XRP increased, the price of the XRP token dropped. Right now, the price of XRP is struggling to stay above the crypto winter support level. It’s true that the entire market is currently taking a hit. However, the rate at which XRP is falling is alarming. It is among the top 10 biggest losers since the beginning of the year 2019. Every month, Ripple sells XRP to institutional and retail investors and it isn’t going to end its dumping anytime soon. Last week, as reported by smartereum.com, a prominent member of the XRP community created a petition on change.org to stop XRP from dumping XRP tokens. This was followed by another petition by another member of the XRP community to encourage XRP dumping by Ripple.
In other news, LinkedIn has removed Ripple from its top 10 list of hottest companies in the United States. Ripple, just like Coinbase, has been featured in the top 10 on the list of top 50 companies for a while has now fallen to the top 20. Right now, Ripple has fallen to the 28th position while Coinbase fell to the 29th position.
Ripple has made a lot of progress in the past few months when it comes to adoption and partnerships. RippleNet has over 250 partners signed in with more joining from time to time. However, many members of the XRP community still use the price of XRP as a yardstick for measuring the success of the company.
XRP Sets New Liquidity Record
Bitso, the largest crypto exchange in Mexico, which utilizes Ripple On-Demand Liquidity (ODL) product, added another million on top of XRP’s Liquidity Index, breaking the all-time high record.
Previously, XRP/MXN transaction volume figure stood at around 8.5 million. It was surpassed yesterday with the new record now being over 9 million U.S. dollars and the daily progress is 92 percent.
XRP gets positive feedback from the US government
In sperate development, the US governmental agency, the Consumer Financial Protection Bureau (CFPB), has mentioned Ripple’s XRP in relation to cross-border transactions. XRP was mentioned in a document on Remittance Transfers Under the Electronic Fund Transfer Act, which is still in discussion until January 2021.
These developments suggest that in the future there may be means by which banks and credit unions could reduce their remaining reliance on estimates. These developments all share a fundamental similarity: They all apply elements of a closed network payments system to cross-border money transfers sent by banks and credit unions.
However, CFPB also recognizes that those solutions are not going to be having any significant effect on the market, at least in a short time. Companies will still have to rely on traditional banking to handle their payments.
Ripple Forecast and Analysis December 16 — 20, 2019
Ripple XRP/USD complete the trading week at 0.2168 and continue to move as part of the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1655. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3705.
Ripple Forecast and Analysis December 16 — 20, 2019
In favor of the growth of XRP/USD quotes in the current trading week December 16 — 20, 2019, a test of the support area on the relative strength index (RSI) will come out. The second signal will be the completion
Ripple Forecast and Analysis December 16 — 20, 2019 involves an attempt to test the support level near the area of 0.1655. Where can we expect continued growth of quotations with a potential target at the level of 0.3705. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the option to reduce cryptocurrency will be the breakdown of the 0.1255 area. This will indicate a continued decline with a target below the level of 0.1005.
CRYPTO ADOPTION INTENSIFIES: NEW CRYPTO PLATFORM EXPLORES ADDING XRP
XRP has been boosted a lot this year by Ripple. The San Francisco-based company has been promoting all of its products and has been making sure to boost the adoption of the digital asset XRP as well.
New platform to add XRP
Now, the crypto trading platform called Luno is exploring the addition of XRP in Malaysia.
The company’s GM of Southeast Asia, David Low, said that XRP could debt on the exchange as early as 2020, according to the Malaysian Reserve.
He also cited Ripple’s efforts to use the coin to power cross-border remittances.
“It is definitely a possibility we are exploring. However, it is not yet listed on Luno…” Low said.
He continued and explained that “Ripple also has a remittance use case which we are excited about. That’s why we want to introduce it to Malaysians, as it allows people on the platform to access and learn about it, and figure out new
According to the reports coming from the online publication the Daily Hodl, Luno is one of three exchanges that has been approved to sell digital assets in the country.
Ripple launches a new portal for developers
Ripple created a new portal for developers.
The portal that Ripple is creating is called Xpring.io and it’s designed to provide developers a one-stop-shop in order to manage “everything they need when it comes to integrating payments into their applications and a way to unify the various platforms they already use,” according to official notes.
The platform also features a custom wallet that allows engineers to test XRP payments and also to create addresses.
This can all be achieved without having to spend fiat currency.
Other than this, in terms of pricing, Ripple and XRP fans have been hoping to see a boost in the price of the digital asset, but this failed to happen in 2019.