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.

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