|Day's range||0.174 - 0.181|
|52-week range||0.1364 - 0.3967|
|Volume (24 hrs)||1.36B|
|Volume (24 hrs) all currencies||1.36B|
It’s back into the red at the start of the day. A move through key levels by late morning would support another breakout later today.
According to Fortune magazine, blockchain behemoth Ripple is one of the best places to work in the Bay Area. In a 2020 ranking of small and medium-sized companies, Ripple comes in 25th place. This is the second consecutive year that the cryptocurrency company has made the Fortune list. In 2019, Ripple was ranked in 17th place. The young company may have dropped a few points since last year, but the listing proves Ripple's doing something right. Brad Garlinghouse ‘humbled’ by the ranking Ripple CEO Brad Garlinghouse reacted to the news on Twitter, stating that he is “humbled” by the ranking and that it is all down to his “insanely talented team”. Every day I’m humbled by this insanely talented teamThe post Ripple ranked among best places to work in 2020 by Fortune appeared first on Coin Rivet.
It’s a mixed start to the day as investors lock-in gains from Tuesday. A move back through the early highs would signal another breakout.
Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has said that it is not clear yet whether XRP is a security or a commodity. “It’s unclear. Stay tuned I’d say,” Tarbert told news outlet Cheddar on Monday, adding: "Part of the issue is that our jurisdiction we share with the SEC [Securities and Exchange Commission]. […]The post It’s ‘unclear’ whether XRP is security or commodity, says CFTC Chairman appeared first on The Block.
Ripple-backed remittance services provider MoneyGram has brought its services to India. MoneyGram has partnered with Indian money transfer firm EbixCash, a wholly-owned subsidiary of Nasdaq-listed Ebix, for expansion into the country, according to an announcement Monday. EbixCash will be MoneyGram’s “exclusive” partner in India. MoneyGram aims to serve “millions” of users in the country via […]The post Ripple partner MoneyGram expands into India appeared first on The Block.
International money remittance service MoneyGram has announced it experienced a record number of online transactions over the Christmas 2019 period. The company claimed in a press release this week that the number of transactions made through MoneyGram grew by more than 70% on a year-on-year basis between December 1 and December 25. The number of non-US transactions saw even bigger growth, rising over 120% from 2018. The majority of these transactions - over 80% - came from mobile users. MoneyGram relaunched its mobile app in 2018, with the app receiving 1.6 million downloads since its update. According to Kamila Chytil, COO of MoneyGram, the company's future focus will be mainly mobile based. Chytil shared: "Our app is enabling us to reachThe post MoneyGram reports record number of online transactions over Christmas appeared first on Coin Rivet.
Bitbox, the cryptocurrency exchange by Japanese messaging giant LINE, is delisting XRP. Announcing the news on Monday, Singapore-based Bitbox said it is also delisting XRP pairs tied against bitcoin (BTC), ether (ETH) and Tether (USDT). The delisting takes place on Jan. 16. Accordingly, users will no longer be able to trade and deposit XRP, and […]The post Messaging giant LINE’s crypto exchange Bitbox delisting XRP appeared first on The Block.
Binance Futures, the cryptocurrency exchange’s futures trading platform, has rolled out a perpetual contract for the XRP cryptocurrency. The contract, paired against Tether (USDT), offers leverage of up to 75 times, according to an announcement Monday. The XRP/USDT contract appears to be the first such contract from a notable exchange. Currently, little-known Delta and BaseFEX […]The post Binance Futures launches XRP perpetual contract, with up to 75x leverage appeared first on The Block.
Blockchain payments firm Ripple, which recently hit a valuation of $10 billion, is targeting more partnerships with Brazilian banks in the coming year. The firm’s current focus is to coordinate with banks and regulators in the country to make remittances more efficient, Luiz Antonio Sacco, managing director of South America at Ripple, told Reuters Brazil. Ripple launched operations in […]The post Ripple plans to expand partnerships with Brazilian banks in 2020 appeared first on The Block.
Cryptocurrency exchange Binance now has an option to directly add Visa debit and credit cards on its platform. The feature allows buying four cryptocurrencies - bitcoin (BTC), ether (ETH), Binance’s native token (BNB) and XRP - directly with Visa cards, according to an announcement Thursday. The exchange already supports the buying of crypto via debit […]The post Binance now allows adding Visa cards directly on its platform to buy crypto, including XRP appeared first on The Block.
It’s a bearish start to the day for the majors… Failure to move through to key levels by late morning will pressure the pack.
Ripple's XRP token is now trading at its lowest point since October 2017 following a 16% drop over the last 48 hours. The sell-off has been reflected across all major cryptocurrencies, with Bitcoin also falling to $6,600 while Ethereum continues to stutter at around $122. XRP's market cap is now shockingly below $8 billion - a stark contrast to the $142 billion high it reached in January 2018. From a technical standpoint, XRP's price chart looks extremely fragile as a number of key support levels have been taken out to the downside. Moving forwards, XRP needs to rally back above the $0.21 level, which now becomes a stern point of resistance. A break above the 22 EMA on the dailyThe post Ripple's XRP crashes to $0.18 amid massive sell-off appeared first on Coin Rivet.
The price of Ripple (XRP) has fallen over 40% since the beginning of November and is currently hovering around $0.21. XRP gained 3% at the start of December, but those gains have now evaporated with this week's bearish trend. Over the past 24 hours, XRP is down around 1%. Since late June, Ripple has been bouncing between lower highs and lower lows - a clear sign the cryptocurrency could be in trouble. Not only that, price is now below all its EMAs and XRP is currently trading around its yearly low. Will the altcoin recover soon? Or will it fall further? Let's take a look at the XRP chart, courtesy of TradingView. As you can see from the chart above,The post Latest Ripple price and analysis (XRP to USD) appeared first on Coin Rivet.
Money transfer firm SendFriend, which utilizes Ripple’s XRP payment solution, claims to help customers save up to 80% in remittance fees.The post Ripple’s XRP payment solution helps save customers up to 80% in remittance fees, says SendFriend CEO appeared first on The Block.
Blockchain payments processor BitPay has added support for three stablecoins - Circle’s USD coin (USDC), the Gemini dollar (GUSD) and Paxos Standard token (PAX).The post BitPay now lets merchants accept three stablecoins, including Gemini dollar appeared first on The Block.
Luno Malaysia, one of the only three regulated cryptocurrency exchanges in the country, is set to list XRP on its platform.The post Crypto exchange Luno set to list XRP on its platform after receiving regulatory nod appeared first on The Block.
Ripple's XRP token is attempting to break out of the $0.23 level of resistance for the second time in two weeks after rallying by 8% since Thursday. The current level is proving to be a tough hurdle to overcome, especially as $0.23 provided support on three occasions since August before the eventual breakdown on November 24. One thing to point out is that the 22 exponential moving average on the daily chart is also currently suppressing a move to the upside. If this can be taken out, it could well provide the fuel for a rally to the next level of resistance at $0.244. A rejection at this level would be disastrous for XRP given it is already trading atThe post XRP attempts breakout after rising 8% over the weekend appeared first on Coin Rivet.
Japanese conglomerate SBI Holdings, which also owns SBI Ripple Asia, is considering offering its shareholders dividends paid in popular cryptocurrency XRP. As detailed in the recent SBI Holdings Information Meeting, the firm is planning to use Ripple’s On-Demand Liquidity (ODL) technology more heavily in the coming months, and is trialling a number of initiatives alongside Ripple. Among these initiatives are plans to reward SBI Holdings shareholders in XRP tokens, which the group plans to make available to all shareholders by March 2020. MorningStar, the financial research group based in Chicago, provided its Japanese shareholders with XRP dividends earlier this year. Investors who held more than one trading unit of MorningStar stock as of September 30 2019 were ‘gifted’ 30 XRPThe post SBI Holdings indicates shareholders could receive dividends in Ripple appeared first on Coin Rivet.
Ripple's XRP token is in dire straits after yet another red weekend that saw the world's third-largest cryptocurrency fall by more than 5%. XRP was rejected from the $0.23 level of resistance which previously acted as support throughout September, indicating that more downside price action is likely in the coming weeks. It desperately needs to hold above $0.21 or it could well drop to its lowest point in more than two years, with analysts suggesting it could reach the $0.16 and $0.11 levels of support. The nervous descent in price comes after a rocky year for XRP and the company behind it, Ripple. Ripple CEO Brad Garlinghouse has vocally defended the project in spite of criticism surrounding its status asThe post XRP continues to struggle at $0.22 as bear market pressure mounts appeared first on Coin Rivet.
Japanese cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has added trading support for XRP cryptocurrency.The post Japanese crypto exchange BitFlyer adds trading support for XRP appeared first on The Block.
One of the most important aspects of cryptocurrency is adoption. Without mass adoption by new blood, the future for crypto looks bleak, and there will likely never be another bull run. As such, it is critical that cryptocurrency projects close deals with major retail-oriented brands to increase visibility and get the word out there. Over the last month, there has been some movement in this area by a handful of projects. In this article, I will discuss the ones I found the most promising in terms of spreading awareness about cryptocurrencies. Ripple partners with MoneyGram I spoke with @bgarlinghouse at SwellbyRipple about the @MoneyGram partnership with @Ripple and what's next for the money transfer industry. Using ODL will strengthen andThe post Which crypto projects are closing partnerships with major brands? appeared first on Coin Rivet.
Ripple has completed its commitment to buy $50 million worth of equity in money remittance service MoneyGram. In a press release shared with Coin Rivet, MoneyGram announced that Ripple had successfully acquired a further $20 million worth of equity in the NASDAQ-listed company having already invested $30 million earlier this year. Ripple purchased newly created equity at a price of $4.10 per share, which is significantly higher than MoneyGram’s current market price of around $3.00. However, the extra capital will be used to develop 'On-Demand Liquidity' (ODL) solutions. Ripple’s ODL technology uses XRP digital assets to send money globally and instantly for low fees. Chairman and CEO of MoneyGram Alex Holmes said of the investment: "Our partnership with Ripple isThe post Ripple completes investment in MoneyGram with additional $20 million appeared first on Coin Rivet.