Ripple price (XRP/USD) stabilises after Monday gains

Marco Green
October 18, 2018

XRP (CURRENCY:XRP) traded up 6.5% against the dollar during the twenty-four hour period ending at 4:00 AM ET on September 30th. The Bitcoin price of ZEIT now sits at 0.000000005 BTC.

This weekend, the price of XRP got a sudden 10% boost but the price started a downside correction shortly after. The coin saw a huge increase in daily trading volume on Monday, with some $1 billion worth of XRP tokens changing hands during the session. Over the last seven days, XRP has traded down 12.1% against the dollar. The Bitcoin price of HOT now sits at 0.00000016 BTC.

Neumark (NEU) is now trading at $0.35 against the United States dollar, a 5.89% change in the last 24h. The Bitcoin price of FSBT now sits at 0.00002411 BTC.

BitTube (TUBE) is now trading at $0.10 against the U.S. dollar, a -1.06% change in the last 24h. XRP's total supply is 99,991,817,275 coins and its circulating supply is 39,997,634,397 coins.

XRP launched on February 2nd, 2013. Realizing that breaking the Chinese mining companies' hegemony would be hard, the US administration thinks it would be better to introduce a competition to limit Bitcoin's exposure in the country. Former US President Bill Clinton did speak at a Ripple event in October, but that was not in an official capacity.

XRP can be purchased on these cryptocurrency exchanges: Bitlish, Bitstamp (Ripple Gateway), CoinBene, Koineks, ZB.COM, Upbit, Kraken, Stellar Decentralized Exchange, CoinEgg, Bittrex, LiteBit.eu, GOPAX, Coinhub, Zebpay, Exmo, Bitbank, Huobi, Kuna, Gatehub, Altcoin Trader, Gate.io, Sistemkoin, Bitbns, Coindeal, Ovis, Stellarport, Koinex, OpenLedger DEX, HitBTC, Bithumb, BtcTurk, FCoin, Cryptomate, OKEx, RippleFox, Coinsquare, Exrates, BX Thailand, Coinbe, Independent Reserve, Tripe Dice Exchange, Coinsuper, LakeBTC, Korbit, WazirX, Bitsane, Coinrail, Ripple China, BitMarket, Bits Blockchain, Bitfinex, CEX.IO, DragonEX, Poloniex, Bitstamp, CoinFalcon, Bitinka, C2CX, DigiFinex, Braziliex, BCEX, BTC Trade UA, ABCC, Vebitcoin, BTC Markets, Coinone, Binance, Cryptohub, BitBay, BitFlip, Bitso, Indodax, Fatbtc, Liquid, OTCBTC, MBAex, Instant Bitex and B2BX.

However, it can be argued that with XRP, foreign control is replaced by private control. While Corry did not give any details about the ongoing talks Ripple is having with the white house, his comments show that something big is coming soon and Ripple's XRP is right in the middle. Unlike Bitcoin and Ethereum, it is not generated through mining.

For the day ahead, a hold on to $446 levels through the morning would support another run at $450 levels to bring the day's first major resistance level at $453.07 into play, while Bitcoin Cash will likely continue to fall short of $460 levels as investors look on for news from the FSB and G20 on rules and regulations for the cryptomarket, the International Monetary Fund impact analysis of the market on financial stability suggesting the need for a more rigid framework.

Other reports by Click Lancashire

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