Connect with us


Luxembourg House of Finance & Tech: XRP is the Best Digital Asset for Payment




Ripple, the US-based Blockchian Tech that’s known to be the steward of XRP, has since been working to convince and stamp its authority globally in terms of cross-border remittance. We are recalling the recognition it received from Luxembourg House of Finance & Technology (LHoFT) Innovators Directory, in a scroll that was released in January 2019.

Referring to the description given to Ripple by the Organisation – it is noteworthy enough to notify XRP community members, as the expected results play out for the Blockchain Tech by and by

LHoFT is a Luxembourg dedicated Fintech center, where finance and technology interact to foster innovation and develop solutions to shape the future of financial services.

The organisation released the list of some notable companies, their attributes and qualities. The list unsurprisingly included Ripple and recognised XRP, the third largest cryptocurrency by market cap.

How LHoFT Described Ripple and its Digital Token XRP

Ripple has indeed welcomed a host of backlashes from within and without its community of members. The criticism arose due to what’s described as indiscriminate sell-off of its digital token, XRP. However, Ripple later came out to defend the reasons and importance of the sales.

Despite the criticisms directed at Ripple in the past and present, it keeps gaining global recognition. In the early days of 2019, Luxembourg House of Finance & Technology (LHoFT) described Ripple as the provider of a solution to cross-border payment unreliability.

It also pointed that Ripple proffered solution to slow and expensive transaction via its fast and cheap services. This is one of the attributes that basically sets the Payment Company and its token, XRP apart in the industry.

Citing the competitive advantage which Ripple possesses over others in its chain, LHoFT pointed that the payment tech’s network has included over 100 banks and financial institutions. Particularly mentioning the strategic partnership it earlier sealed with the payment giant, MoneyGram, which is expected to make full use of XRP.

Furthermore, the organisation described XRP as the best digital asset for payments, averring that Ripple is the Blockchain tech that’s best positioned to bring transformation to global payment.

Luxembourg House of Finance & Tech: XRP, the Best Digital Asset for Payment

Image Credit: ISSUU.COM

Ripple Makes 28th on the List of LinkedIn Top 50 United States Startups
Being part of top 50 startups, among countless startups of its kind in the United States is not easy to come by. Ripple is 28th on the list released by the world’s largest professional network, LinkedIn, a couple of days ago.

The achievement is second year in a row. Unlike this year, Ripple made top 10 in 2018, but its performance shows the stern competition it is faced with daily, and its ability keep competing.

Ripple has been blamed each time XRP’s price faces retrogression in the market, but the payment giant has always come forth to defend its interest in broaden the scope of the digital currency, which would be beneficial to its price subsequently.

Despite the tons of backlashes towards Ripple, some XRP investors still showcase their solidarity on daily basis, assuring that they can never trade their XRP holdings for any form of cryptocurrency, due to the glowing future they might have foreseen.


Click to comment


Ripple’s Community Shows Interest in Forking XRP Into “RippleOne”



What better way to kick off a new week in the crypto industry than by having some potential drama. While Ripple and XRP are prominent entities in the industry, a lot of people have a genuine dislike for both. Things have gotten out of hand recently, as Crypto Bitlord claims he will effectively fork XRP. There is even a Discord channel created for this specific purpose, albeit it seems unlikely much will come of it.

The XRP Fork Plan

While it is not uncommon in the cryptocurrency industry to fork existing projects, most of these ventures are never overly successful. In the case of Bitcoin, there have been so many spin-offs that most people have stopped bothering to keep track of it all. Ethereum also has its own fork, as do numerous other cryptocurrencies on the market today. Surprisingly, it now seems XRP may be added to this list in the near future, assuming the speculation and rumors on Twitter will effectively lead to some plan of action. 

If Crypto Bitlord is to be believed, there will be a fork of XRP in the very near future. The new fork will be known as RippleOne and aims to disrupt the existing ecosystem as a whole. Why anyone would try to fork a project which isn’t even a traditional cryptocurrency in the first place, remains rather unclear. It appears this particular user is not too pleased by the way XRP has performed in recent months, although the same can be said about all cryptocurrencies, tokens, and assets on the market right now. 

The Discord Channel Goes Live

As is often the case in the cryptocurrency industry, an idea like this tends to get some attention sooner or later. There appear to be many XRP holders who are displeased with how Ripple is handling the sale of XRP through its escrow contracts. Even though that move was designed to bring more legitimacy to the project as a whole, it seems a lot of people don’t understand the purpose of taking this approach. There are also concerns as to how Ripple is effectively pushing the XRP price down by continually selling these locked assets every single month. 

As the RippleOne concept gains more traction, it now appears there is a dedicated Discord channel for like-minded users to come together.  Although this is a big step in the right direction toward creating RippleOne, it doesn’t necessarily mean an XRP fork will ever occur. More often than not, this is merely smoke and mirrors to try and cause a ruckus. Effectively forking a project and making it successful is a lot more difficult than people might expect.  If it wasn’t, everyone would so at their leisure, which is the last thing the cryptocurrency industry needs.

Would it Even Pose a Threat?

To this date, no one can deny Ripple has seen its fair share of success over the past few years. While it is true XRP has lost tremendous value compared to its multi-dollar all-time high, the same goes for most of the markets today, with the exception of Bitcoin. Even that currency is down by nearly 50% compared to its all-time high of late 2017. There is no reason to believe these markets will not recover in due time. That being said, not everyone has the patience of a true holder, which is only to be expected under the current circumstances.

Even if this XRP fork were to be created, one has to wonder if it can pose a legitimate threat. Since everyone knows RIpple and XRP by now, it seems unlikely RippleOne will make much of an impact. Moreover, Ripple has the partnerships necessary to become a successful company, whereas RippleOne would have to start from scratch. There are far easier projects to fork if developers want to make a quick buck, as going after XRP will involve a lot of patience and hard work. 

News Source

Continue Reading


Ripple’s XRP technical analysis: XRP/USD bulls are lifeless with a position to capitalize to the north



  • Ripple’s XRP price on Monday is trading marginally in the green, up some 0.20%. 
  • XRP/USD price action is moving in consolidation mode, sitting just above a breakout pennant structure. 
  • Upside appears to be very much capped by resistance within the $0.2600 price area. 

Spot rate:                 0.2542

Relative change:      -0.65%

High:                         0.2637

Low:                          0.2605


Today last price0.2611
Today Daily Change0.0004
Today Daily Change %0.15
Today daily open0.2607
Daily SMA200.2587
Daily SMA500.2793
Daily SMA1000.3312
Daily SMA2000.3365
Previous Daily High0.2647
Previous Daily Low0.2592
Previous Weekly High0.2665
Previous Weekly Low0.2511
Previous Monthly High0.3308
Previous Monthly Low0.2392
Daily Fibonacci 38.2%0.2613
Daily Fibonacci 61.8%0.2626
Daily Pivot Point S10.2584
Daily Pivot Point S20.256
Daily Pivot Point S30.2529
Daily Pivot Point R10.2639
Daily Pivot Point R20.267
Daily Pivot Point R30.2694

XRP/USD daily chart

  • XRP is sitting just above a breached bearish technical pennant, there is a lack of commitment for now. 

XRP/USD 60-minute chart

  •  The heavy near-term supply can be observed within the $0.2600 region, as sellers remain capped within region. 

News Source

Continue Reading


Ripple (XRP/USD) forecast and analysis on September 16, 2019



Cryptocurrency Ripple (XRP/USD) is trading at 0.2627. 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 upper border of the Bollinger Bands indicator stripes.

Ripple (XRP/USD) forecast and analysis on September 16, 2019

As part of the Ripple course forecast, a test level of 0.2600 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 0.2740. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator strip at 0.2480.

Ripple (XRP/USD) forecast and analysis on September 16, 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 0.2460 area. 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 September 16, 2019 implies a test level of 0.2600. Further, growth is expected to continue to the area above the level of 0.2740. The conservative area for buying Ripple is located area of 0.2480. The cancellation of the option of cryptocurrency growth will be a breakdown of the level of 0.2460. In this case, we should expect the continuation of the fall.

News Source

Continue Reading