Will XRP Be Trump's Answer to China?

Ripple Market Performance Rapidly Outperforming Ethereum Is ETH Losing Traction

Buyers have since managed to maintain this level.

Forty Seven Bank (FSBT) is now trading at $0.16 against the U.S. dollar, a 4.71% change in the last 24h.

Failure to hold on to $0.411 levels through the morning could see Ripple's XRP hit reverse later in the day, with a pullback through to sub-$0.40 levels bringing the first major support level at $0.3931 back into play before any recovery, sub-$0.39 support levels unlikely to be tested. However, following the brief bears, XRP price started towards the bottom to trade as low as $0.35.

Neumark (NEU) is now trading at $0.35 against the U.S. dollar, a 5.89% change in the last 24h.

Bitcoin Cash fell by 2.67% on Sunday, reversing Saturday's 0.71% gain, to end the week down 15.6% at $441.7. The Bitcoin price of NEU now sits at 0.00005277 BTC.


Zilliqa (ZIL) traded up 1% against the dollar and now trades at $0.0331 or 0.00000528 BTC. XRP's official Twitter account is @Ripple and its Facebook page is accessible here. The Reddit community for XRP is /r/ripple and the currency's Github account can be viewed here. "XRP is decentralised in a way that Ripple can't control it, even if we wanted to".

According to CryptoCompare, "The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database".

Tom Lee, head of research at Fundstrat Global Advisors predicted that Bitcoin will reach $25,000 and hence Ripple will be propelled to $10 by the close of the year and to $24 by 2022. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol.

One of the issues creating confusion is that Ripple and XRP are one and the same.

. It runs on computers around the world, all working together to continually maintain a flawless, shared record of accounts, balances, and transactions. Because the network is "self-clearing", it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). They also tend to be more secure, due to their open source nature. Though there are no mentions of names, this is extremely bullish of XRP and Ripple as they move towards becoming a global phenomenon and perhaps replace the rigid SWIFT system which is expensive and with high latency.

US president Donald Trump's White House seems to be concerned about China's Bitcoin dominance, and with Chinese mining pools controlling more than 70% of the Bitcoin network's collective hash rate, it might be for good reason. It is usually not now possible to buy alternative cryptocurrencies such as XRP directly using USA dollars. Investors can then use their newly-acquired Ethereum or Bitcoin to buy XRP using one of the aforementioned exchanges.

Related News:

  • Over 50 feared dead as train runs them over during Dussehra celebrations

    Over 50 feared dead as train runs them over during Dussehra celebrations

    At least 300 people were at the spot watching "Ravan dahan " at a ground near the tracks. Officials said the priority now was to take the injured to local hospitals.
    Amazon's Alexa 'whisper mode' starts rolling out today

    Amazon's Alexa 'whisper mode' starts rolling out today

    Amazon is rolling out a new update for Alexa users in the U.S. which brings the new Whisper Mode to the smart speaker. Before you can use Whisper Mode, you'll need to enable it either through the Alexa App or through voice commands.
    Red Dead Redemption 2

    Red Dead Redemption 2

    It makes for pretty grim reading, including one individual who spoke of his experience with the Grand Theft Auto V crunch. Have you pre-ordered Red Dead Redemption 2 digitally?
  • Essential cuts 30% of its workforce

    Essential cuts 30% of its workforce

    According to Bloomberg , the startup scrapped plans to release another Essential Phone over the product's disappointing sales. That said, the company had a valuation of almost $1 billion in 2017 and was seeking additional financing earlier this year.
    Rival coach delivers brutal Usain Bolt slap down

    Rival coach delivers brutal Usain Bolt slap down

    Wolves winger Adama Traore is now the fastest player in the game with a rating of 96, but Bolt will surely be given a 99. He is in charge of a new club, which has had the biggest player turnover of any A-League club during the off season.
    Here's Red Dead Redemption 2's launch trailer

    Here's Red Dead Redemption 2's launch trailer

    In fact, a leak of the Japanese version's dust cover seems to indicate the physical game will come on two discs. The train robbery will likely be a crucial part of the conflict as the clip focuses a lot on it.
  • Keller @ Large: Stephen Hawking’s Warning For Us About Our Tech Obsession

    Keller @ Large: Stephen Hawking’s Warning For Us About Our Tech Obsession

    Hawking also suggests that "within the next hundred years we will be able to travel to anywhere in the Solar System". In the book Hawking does not rule out the possibility of doing a Back to The Future.
    Blizzard asks that you temper your expectations for Diablo reveals at BlizzCon

    Blizzard asks that you temper your expectations for Diablo reveals at BlizzCon

    Blizzard had to do something, as the anticipation of a new Diablo game was growing more fervent as BlizzCon approached. The team claimed that while " good things come to those who wait ", evil things often take longer.
    Assassin's Creed Odyssey forced to cancel first Elite Mercenary event

    Assassin's Creed Odyssey forced to cancel first Elite Mercenary event

    The first live event in Assassin's Creed Odyssey was set to go live on Tuesday, October 16, but was was cancelled by Ubisoft . Ubisoft went on to say that the events should be up-and-running again come October 23.
  • Google Maps update brings real-time ETA

    Google Maps update brings real-time ETA

    If you don't have the update there's no use spamming the Google Play Store, this looks like a server-side switch. In a recent blog post, Google made the announcement that the new and improved Maps application just got better.
    Apple Event Scheduled for 10/30, New iPads Expected

    Apple Event Scheduled for 10/30, New iPads Expected

    Reporters were emailed invitations to the event on Thursday, which featured colourful, artistic renderings of the Apple logo. In March, the company announced new education software and an update to the entry-level iPad at a Chicago-area high school.
    US announces withdrawal from UN's Universal Postal Union

    US announces withdrawal from UN's Universal Postal Union

    Trump administration officials say the leg up, granted under a 1969 provision, was meant to promote growth in poor countries. Under a deal reached in 1969, developing countries can ship smaller items at lower rates than developed nations like the US.


Most liked

Prince Harry and Meghan tackle mental health on Australian tour
Meghan's done some things with my dad, but in my heart, I love her and I want her and the baby to do well. Meghan noted that she was up at 4:30 am that morning to do some yoga herself.

InMobi acquires Sprint’s advertising and data analysis unit Pinsight Media
Pinsight Media, meanwhile, offers insight into mobile data through its portfolio of services. The financial terms of the all-stock deal, however, remained undisclosed.

Facebook ‘Ripley’ could turn your TV into a huge Portal
Pat Walshe of Privacy Matters claimed that Portal could be compared to Dracula given the responsibility of manning the blood bank. This month, Facebook announced its entry into the smart speaker/camera market, the video conferencing tool Portal .

South Korea rejects Yemeni asylum-seekers
An online petition calling for their dismissal was signed by more than half a million people in the first 15 days of its posting. The South Korean government has a no-visa policy on Jeju to attract tourists, but has since amended it to exclude Yemenis.

Startup plans to launch small satellites from Virginia coast
Rocket Lab already has a working launch pad in New Zealand where it sent its first rocket into orbit in January. Rocket Lab has sent up two rockets so far, humorously calling those missions "It's a test" and "Still testing".

Video Shows George Lopez Fighting Trump Supporter At Hooters
One 24-year-old man smashed Trump's star on the Walk Of Fame with a pick-ax and was later taken into police custody. In 2016, he shared a photo of Mexican drug lord Joaquin "El Chapo" Guzmán holding Trump's detached head.

Tom Holland Shows Off New Spider-Man: Far From Home Costume
Smoove, Oli Hill, Remy Hii, Marisa Tomei, Michael Keaton, Cobie Smulders, and Samuel L. Spider-Man: Far From Home will be released in theaters on July 5, 2019.

Have the Pelicans finally given Anthony Davis a real supporting cast?
I know what I can bring, and I know what I still can do and what I still have. For the most part, I think we will all enjoy it". For everybody it's an adjustment.

Hazard: I could finish my career at Chelsea
Eden Hazard insists he will be happy to end his career at Chelsea should his dream move to Real Madrid not materialise. United are in the midst of a hard spell, while Chelsea are defending an unbeaten start to their campaign.

Porsche launches Cayenne at a starting price of Rs 1.19 cr
The Panamera influence extends to the interiors too with the centre console getting the new 12.3-inches infotainment touchscreen. The e-Hybrid version draws power from a 3.0-litre V6 mill coupled with an electric motor delivering 462bhp and 700Nm of torque.

Trump threatens to send military against immigrant ‘onslaught’
In April , the president did deploy the National Guard to assist at the border, a move previously done by both President George W. In June, former Vice President Joe Biden called on the Trump Administration to try aid again.

Great Flood A'Coming? 'Ominous' Sounds of Melting Antarctic Ice Registered
Mr Chaput and his team were using seismic sensors to learn more about the structure and movements of the Ross Ice Shelf.

'Rogue Killers' May Have Murdered Saudi Journalist, Trump Suggests
On Sunday, a Treasury Department spokesman told CNN , "We will be evaluating the information that comes out this week". President Trump, however, suggested Monday that " rogue killers " may be the reason for Khashoggi's disappearance.

Russian Orthodox Church breaks with Constantinople in row over Ukraine
The Moscow Patriarchate says its worshippers should no longer attend any services conducted by clergy loyal to Constantinople. The Constantinople-Moscow split is a hard issue for many Orthodox churches in Eastern Europe, Mr Shterin says.

Samsung Galaxy Book 2 announced with Snapdragon 850 SoC, AMOLED display
The Galaxy Book 2 also runs Windows 10 with S Mode enabled, so you can upgrade to the full version of Windows for free. What are the Samsung Galaxy Book 2 specs? The Galaxy Book 2 offers 20 hours of battery life according to Samsung.