XRP is ranked at #3 in the market, beneath Ethereum as well as Bitcoin. The trading volume recorded is $936.911 million, while the supply has 43,024,433,511 XRP coins in play for now. The total market cap of XRP is $11.009 billion as of this instant. XRP is priced at $0.255894 at present after the price rose slightly at a rate of 0.49% in the course of the past 24-hours.
Sending $1000 from Australia to Mexico using a credit card.@MoneyGram fees – $1.00@WesternUnion fees – $70.00
MXN received with moneygram 12719.9
MXN received with western union 12169
x70 the fees and a 650 MXN less return from WU
No wonder moneygram stock is soaring #XRP pic.twitter.com/lNMdzu7WzZ
— Crypto Sausage (@xrphodla) September 8, 2019
Recently, CNN interviewed the CEO of Ripple who has vehemently defended “sales” tied to XRP. Crypto Bitlord is an XRP proponent who wishes to bring about a hard fork in order to put a stop to the continuous dump conducted by numerous executives [specifically Jed McCaleb who founded Ripple before breaking away to create Stellar Lumens].
This is what Brad had to say, “Ripple can’t control the price of XRP any more than the whales can control the price of Bitcoin…” This is exactly what we should worry about: whales do sway the rise and fall of the king coin. The action of a single individual with thousands of bitcoins can tilt the power balance in their favor. This isn’t rocket science, but something excruciatingly simple, yet “Brad” believes that Ripple has no authority over XRP’s poor performance for the past 2 years.
Garlinghouse stated that a fork isn’t completely out of the question. According to the XRP/USD candlestick chart, sellers are hard at work. The daily RSI is at 40.56, and the Ichimoku Cloud is red. Resistance may play a role when the price reaches $0.29374, and support can be found near the $0.23769 level.
About Post Author
Aditya Chatterjee
A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.
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