XRP gets more decentralized as Proof-of-Work-based cryptocurrencies face extinction

Opinion:
XRP and Ripple, together have created quite a buzz in the financial system, especially in the remittance industry with their blockchain solutions.
XRP has faced all the major cryptocurrencies and triumphed to become the second-largest cryptocurrency by market cap in the space. The only other thing that’s left for XRP to do is, overthrow the reigning champion i.e., Bitcoin [BTC], which obviously had the first-mover advantage and peoples’ sentiment.
Bitcoin’s Proof-of-Work [PoW] Vs. XRP Ledger’s Distributed Agreement Protocol
Bitcoin was the first cryptocurrency that was created and it uses PoW algorithm, which is how the transactions are verified and solves the problem of “double spending”. PoW algorithm consists of miners, who validate the transactions by putting in their resources and, hence, they are rewarded for the same. This process, which seemed good enough, will be relatively rejected by the miners as the reward for mining decreases after mining every 210,000 blocks.
Eventually, the miners will be left with no option, but to quit. Moreover, the PoW algorithm uses massive resources, which extracts a heavy toll on the world we live in. Furthermore, miners that are spread out across the globe is what makes the Bitcoin network decentralized, but it is also what makes it less decentralized and susceptible to attacks.
Since Bitcoin gained a lot of notoriety as its prices sky-rocketed, mining Bitcoins suddenly gained attention, causing a lot of miners to pool their resources to mine the coin, resulting in large pools with huge resources. If some of these pools ever decide to collude, they could easily perform an attack on the Bitcoin’s network, create a second chain, double spend, stop/reverse transactions etc.
Ethereum Classic, a PoW-based cryptocurrency, recently faced a brutal 51% attack, resulting in a loss of $2.1 million worth of assets. The attacker had enough hash-rate to disrupt the original chain and double spend assets.
Unlike Bitcoin [BTC] and Ethereum [ETH], XRP uses Distributed Agreement Protocol aka Consensus Protocol. XRP solves the problem of double spending in a more efficient way in comparison to PoW cryptocurrencies. It uses a distributed agreement protocol that relies on validators to group transactions into ordered units and agreeing on one such order.
These validators are spread across the globe and unlike Bitcoin’s miners, these validators are not rewarded for grouping transactions into ordered units.
In addition, XRP Ledger requires a total of 80% of all the validators on the entire network to support and vote for a change over a period of two weeks before it goes into effect. The two-week timeframe provides an incentive for the users to upgrade their software to accommodate the change. If the change is not agreed upon by the 80% of the users, then it won’t go into effect.
Furthermore, Schwartz said that if more than 20% of the nodes disagree with the majority, the network would halt and reconfigure a new list that has a majority of the nodes in agreement. This would create more than one ledger and the ledger that has the supermajority would be selected as the final ledger.
Moreover, if the validators become selfish and collude to disrupt the normal flow of transactions, then the users would have to agree on a new list that would provide enough overlap so that they can continue to interoperate.
David Schwartz, the CTO of Ripple commented on this matter [about attacking XRP Ledger] in a tweet, he said:
“This has never been a problem for any blockchain in the past, and it’s required by every blockchain when previous agreements fail to be sufficient. Decentralized systems fundamentally allow interoperation only among people who continue to agree on a large number of things.”
“Surprisingly, the lack of incentives in the XRPL design actually makes this much easier. All honest participants want the network to work well and have perfectly aligned interests. There’s no power over anything to give out, no rewards to argue over splitting, or the like.”
Hence, when compared to other PoW cryptocurrencies, XRP is better at resisting attacks by collusion or bad actors, as it does not provide any opportunities for a person to develop control over the ledger due to its consensus protocol. In addition, XRP Ledger uses a deterministic protocol making the validation of transactions impossible to edit.
Other advantages of XRP that makes it a superior cryptocurrency over others would be the transaction speed and cost. XRP can perform 1500 transactions per second, whereas Bitcoin can do only 6 transactions per second and Ethereum can do only 15 transactions per second. Below is a chart which illustrates the same.
Source: Ripple.com
Cryptocurrencies, even Bitcoin, were created as an alternate form payment from the centralized and controlling authorities, and for it succeed it should have higher transaction speed with negligible fees. XRP checks all these boxes, whereas Bitcoin and Ethereum, on the other hand, struggle with these features as they struggle in terms of scalability.
Hodor, a contributor to the XRP community said it best in a blog:
“While Bitcoin maximalists will point to overlay software such as Lightning, there have been numerous intractable problems with using secondary software to interact with POW networks. Using a secondary network to scale doesn’t solve the problem of using a completely inadequate base-layer technology. “
Bitcoin’s transaction cost aka fees skyrocketed when the coin reached its all-time high in December 2017. The average transaction fee for Bitcoin reached a maximum of $55.
Moreover, XRP makes it easier to settle cross-border payments in a matter of seconds and also provides solutions to various remittance problems with Ripple’s blockchain solutions like xRapid, xVia, and xCurrent. With more than 200+ partnerships in over 40+ countries, Ripple and XRP are on a journey to become the world standard in payment and financial industry.
All the above-mentioned facts converge leads to a single conclusion, which is, XRP is getting more decentralized while other PoW cryptocurrencies are trying to catch up with XRP. It is only a matter of time that XRP becomes a widely accepted form of payment, overtaking Bitcoin even with its first-mover advantage.
The post XRP gets more decentralized as Proof-of-Work-based cryptocurrencies face extinction appeared first on AMBCrypto.
Source: AMB Crypto

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple prices stable above 30 cents
SWIFT—Ripple competition should heat up in coming days
Transactional volumes low and dropping

XRP success depends on adoption. That’s why an increase in xRapid users is bullish for investors. Even still, the slide of XRP prices have been deflating, and after 12 months of lower lows, we expect Sep 2018 to guide medium to long term price trajectory.
Ripple Price Analysis
Fundamentals
As long as SWIFT dominates, we expect determined competitors to step up their marketing, pitch to potential clients—mostly in areas where most are unbanked and without access to financial services. Such has been the effort of Ripple.
With three main products—xCurrent, xVia, and xRapid, we can conclusively say they have been largely successful. However, they still have a long way to go. As a ledger that caters explicitly for financial institutions, the only way average investors will reap benefits is when majority banks incorporate Ripple’s technologies and adopt xRapid.
The latter is a solution that guarantees speed, efficiency and cost saving made possible because it uses XRP as a liquidity tool. Thus far, 13 companies are benefiting from xRapid, but 13 is a mere drop in a cross border global payment system estimated to move $2 trillion by 2020. Should Ripple win over clients and there is regulatory clarity around XRP and xRapid, we expect demand to surge, lifting prices with it.
Candlestick Arrangements

At the time of press, XRP was up 1.2 percent from yesterday’s close, exchanging hands at around 32 cents against the USD. Considering yesterday’s price sinks, this is positive and cements our previous assertions.
However, conservative as well as aggressive traders ought to be on the sidelines until after our trading conditions are valid. Because we are net bullish with guidance from Sep 2018 surges, a safe approach is to wait until clear price swings are driving XRP above 34 cents.
A simple Fibonacci retracement between Dec 2018 high low places this buy trigger line at the 50 percent level. That’s above Jan 20 highs meaning for the first wave of higher highs to hold then buyers must reverse yesterday’s losses preferably at the back of above average trade volumes—above 24 million.
After that, the foundation for further gains towards 40 cents would be firm and conservative traders would be anticipating possible rallies towards Dec 2018 highs of 60 cents.
Technical Indicators
From a conservative approach, traders and investors would be tracking XRP buyers’ ability to reverse yesterdays and Jan 10 losses. With volumes of 83 million against 30 million averages, a bull buildup is necessary. To reiterate our stand, any volume surge driving prices above 34 cents (or below 30 cents) should exceed 24 million and ideally 83 million confirming demand or supply depending on breakout direction.
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Euro Exim Becomes the First Official Bank to Fully Integrate Ripple’s xRapid

CoinSpeaker

Euro Exim Becomes the First Official Bank to Fully Integrate Ripple’s xRapid

London-based Euro Exim Bank will become the first financial institution to fully integrate the XRP-powered xRapid in the first quarter of this year.

Euro Exim Becomes the First Official Bank to Fully Integrate Ripple’s xRapid

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Source: CoinSpeaker

Ripple Partners with National Bank of Kuwait Closing Out the Year

CoinSpeaker

Ripple Partners with National Bank of Kuwait Closing Out the Year

National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers. The bank announced the launched of the new remittance service, that enables “immediate” payments using Ripple tech.

Ripple Partners with National Bank of Kuwait Closing Out the Year

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Source: CoinSpeaker

Western Union Claims It is Ready for Cryptos, Ripple Tech Put Through Tests

CoinSpeaker

Western Union Claims It is Ready for Cryptos, Ripple Tech Put Through Tests

Western Union recently released a short video in which it explains that it is ready to begin working with cryptocurrencies. That being said, the video does seem to go on to outline how they actually aren’t ready and don’t fully understand crypto.

Western Union Claims It is Ready for Cryptos, Ripple Tech Put Through Tests

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Source: CoinSpeaker

NO banking institutions are using xRapid – Marjan Delatinne, Ripple

Despite Ripple and XRP’s most recent peak in terms of acceptance and value, few crypto enthusiasts talking unenthusiastic about Ripple’s product. The latest tweet spread out today on December 18, 2018 hit mainstream media stating ‘NO banking institutions are using xRapid’.
XRP Regulations and The Application of xRapid
xRapid is one of the product by Ripple Labs which particularly focusing on ‘cross-border remittance’. A Twitter user name ‘Steven Diep’ posted a video of Marjan Delatinne, Global Head of Banking at Ripple, and notes that only ‘payment service providers are using xRapid and not banking institutions.
The tweet goes as follows;

Due to regulation uncertainty, NO banking institutions are using xRapid as of now, ONLY payment service providers.
Marjan Delatinne, Ripple
NOV18#XRP #xrapid #ripple #iov pic.twitter.com/QeLxLQQaKJ
— Steven Diep (@DiepSanh) December 18, 2018

In no time, many other enthusiast joined the conversation and few pointed out what Ripple CEO Brad Garlinghouse said about xRapid in Mid 2018. They pointed out how Brad was very confident about xRapid and its usage across the various bank.

so brad was wrong, no banks will use xrapid this year ?
— nIlSO (@fingerinpomexi1) December 18, 2018

Nevertheless, the other twitter enthusiast speaks about the regulatory stances happening over XRP and the potential of xRapid. Few says, there seems no clarity yet on a matter of ‘XRP as security’. One of the Twitter user said;
With current lawsuit around XRP as a security could we b waiting potentially years for the end of the court case and finality on regulatory clarity meaning no Xrapid use for US banks & countries waiting on their lead ? or could Govt. present clarity prior ?
As far as this conversation is concerned, Marjan Delatinne explained how crypto and digital assets are building global economy by associating it with liquidity management system. In her words;
No banking institution is using that, regulatory framework around the usage of digital assets is not very clear for banks but payment service provider or other finance institutions are less governed by these obligations.  
She gave instances of how currency’s liquidity is managed adding that one can use liquidity when needed and when you don’t needed it, you don’t use it.
Moreover, few enthusiasts are hoping Brad to discuss on this matter tonight;
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Source: CoinGape

XRP Seems to Be the Top Candidate For the Bull Run in 2019, and Here’s Why

CoinSpeaker

XRP Seems to Be the Top Candidate For the Bull Run in 2019, and Here’s Why

XRP has been pretty much asleep for a very long time and as we are approaching the end of 2018, the much-needed news about Ripple’s partnerships with major financial institutions have started erupting in the crypto-space.

XRP Seems to Be the Top Candidate For the Bull Run in 2019, and Here’s Why

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Source: CoinSpeaker

Ripple’s blockchain technology to be used to transfer GBP to UK’s Santander Bank from Turkey

Akbank, a Turkish bank, has announced that it is using Ripple’s blockchain technology to transfer Great Britain Pound [GBP] to UK’s Santander Bank from Turkey.
As the most devastating bear year approaches the end, some good news comes afloat as Olga Ulutaş, Executive Vice-President in charge of Direct Banking made his satisfaction of becoming the first bank to use Ripple’s blockchain technology for cross-border payments clear.
Referring to the announcement made last year about adopting Ripple’s blockchain technology, Ulutaş said that they’ve started international money transfer using blockchain technology. He continued:
“Now we have started to transfer money from GBP via Ripple to Santander UK with Blockchain infrastructure. With this important technology, our customers will now be able to benefit from the possibility of transferring money to international money transfers at a much lower cost. With the participation of new banks in the system, we continue our journey to expand this service through cooperation with different banks.”
GMT Israel’s largest and leading financial services company announced in their blog that they are authorized in using Ripple’s blockchain technology.
The blog stated:
“GMT is joining companies like MoneyGram, AmericanExpress, CIBC, Earthport, AKBANK and many more, who are already authorized to use Ripple’s platform.”
Although there are no mentions about the use of xRapid to facilitate the transactions, some people in the community are speculating that it could be xCurrent and not xRapid.
Back in June, Brad Garlinghouse, the CEO of Ripple said at CBInsights that he is sure that at least one bank would use XRP. He said:
“I have publicly said we expect this year for at least one bank to use XRP in their payment flows to use xRapid”
When asked if he was sure, he replied that he was “… a 100% sure”. The community is putting two and two together and speculating that this could very well be that bank as 2018 has only 15 days left.
A Redditor mikenard77 commented:
“They are transferring GBP to Santander. This means they are using Santander as a hub, to pay out in multiple currencies with one bilateral relationship. Santander will send the needed currency to the recipient. Multihop does not require xRapid, but the most efficient multi-hop payments are done through xRapid.”
The news might also bring back the familiar “$589+ by the EoY” to life as it coincides with the well-known BearableGuy123’s riddle and Brad Garlinghouse’s comments.
The post Ripple’s blockchain technology to be used to transfer GBP to UK’s Santander Bank from Turkey appeared first on AMBCrypto.
Source: AMB Crypto

ECB Launches TIPS, Allegedly Ripple Instant Payment Service

CoinSpeaker

ECB Launches TIPS, Allegedly Ripple Instant Payment Service

TIPS aims to offer low-fee instant settlements in Euros to customers across the continent. Eurozone bank customers will be able to access TIPS 24 hours a day to enjoy easy and secure payments – similar to Venmo in the United States.

ECB Launches TIPS, Allegedly Ripple Instant Payment Service

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Source: CoinSpeaker

Ripple Price Analysis: XRP/USD Floor at 35 Cents, Recovery Possible

Latest Ripple News
Talks of decentralization, securities and whatnot is a non-issuer—at least now that prices are terrible, Ripple is an independent Enterprise Level Software solution which leverages XRP for expediency, speed and efficiency. Companies that choose to adopt the technology can do so without being coerced. It’s what the technology has to offer. Once these companies pilot the system and compare results then have the liberty to choose what’s best for them.
Read: Investor: China Has a “Love-Hate” Relationship with Crypto and Blockchain
Already, two international banks in American Express and Santander did upgrade their version of xCurrent; one of the three main solutions Ripple has been fronting in the last couple of years. Now, what’s unique about this is that this upgrade will give these banks an option of plugging in xRapid—a payment processing solution that makes use of XRP–a digital asset that investors are interested in.
Interesting Read: Tim Draper: Cryptocurrencies Will Consume Half the Fiat Currency Market
The upgrade began in September but while the option is on the table, there is laxity of switching over to xRapid according to sources. At the moment, three institutions–MercuryFX, Cuallix and Catalyst Corporate Credit Union– are using xRapid for speed and cost cutting while three exchanges Bittrex, Coins.ph and Bitso will integrate xRapid to boost cross border payments between Mexico, Philippines and the US.
XRP/USD Price Analysis
Weekly Chart

Though XRP might be the second most valuable coin after flipping ETH to second hours after the upheavals around Bitcoin Cash hark fork, the coin is not immune to price shocks. It is down 27 percent in the last week. While other coins stabilize, XRP is down two percent in the last day and risk sliding lower now that we have a bear breakout pattern after yesterday’s dips below 35 cents.
As stated in previous XRP/USD trade plans, we shall only take longs as long as prices are trending above 35 cents—the lower limit of our clear support zone defined by 40 cents on the upside and 35 cents on the lower edge. And what’s worse is that the above average market participation of last week—770 million versus 540 million could fuel further losses towards Sep 2018 lows crashing XRP bulls. Because our stops at 40 cents and 35 cents are no longer valid, we suggest taking a neutral position and recommending sells in lower time frames.
Daily Chart

Despite attempts of higher highs on Nov 25—note the long lower wick indicative of bulls in lower time frames, the follow through has been dismissive of buyers. Instead what we have are two lower lows and which have so far led to losses below the 78.6 percent Fibonacci retracement level and 35 cents triggering shorts with first targets at 25 cents and 15 cents.
However, for this proposal to hold true we suggest waiting for a full bear bar to close below 35 cents and thereafter sellers can unload with stops at 40 cents with clear bear targets at August lows of 25 cents. If not and prices recover today complete with above average volume spikes then we shall bin this bearish proposal and trade in line with Sep 2018 trend aiming at 60 cents and later 80 cents as we sync with previous XRP/USD trade plans.
All Charts Courtesy of Trading View
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
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Ripple Price Analysis: XRP/USD is Bullish, Coin a Store of Value

Latest Ripple News
Considering prevailing market conditions, it is clear that it has been a tough week for market participants. With double digit losses and breaks below important support levels, the meltdown was—and continues to be unforgiving. But even as participants despair, XRP did emerge as the winner of the “store of value” race edging Bitcoin and flipping Ethereum as the second most valuable coin in the space.
Read: The Crypto Bubble Hasn’t Burst, It Hasn’t Even Begun Yet
Ethereum is teetering and as the gap widen, mainstream hopium is that XRP would soon replace Bitcoin at the mantle. From our price charts, XRP is down 17 percent in the last week and as a safe harbor during this storm, the expanding number of partnerships, the zeal of the community advocating for “base” at Binance and on-chain technological advancement as the launch of xRapid and xVia to complement xCurrent is giving it a foothold in the space.

The xrp base shill is strong. Let's get it out of your system, and put all your shills under this one tweet, and let's see how much we get. https://t.co/usiISCtuSj
— CZ Binance (@cz_binance) November 18, 2018

Interesting Read: Edward Snowden Bullish On Crypto: Blockchain Money Makes Sense
Of course, this is a step in the right direction for a platform that draws it value from offering banks solutions that help them move funds faster, cheaply and more efficiently. Ripple’s aim is to create this maze of banks, the internet of value allowing for instantaneous movement of funds.
XRP/USD Price Analysis
Weekly Chart

Even though losses are sharp as bears press the sell pedal, XRP/USD is technically bullish. It is our expectations that price shall print higher by close of 2018. It’s easy to see why. In an effort versus result scenario, bulls are obviously shoring prices.
Note that in the midst of marauding bears, XRP/USD is yet to print below 25 cents for a complete reversal of week ending Sep 23 gains. As a matter of fact, prices are trading above 35 cents-40 cents support zone. As long as it remains that way, traders can begin picking up longs in lower time frames with targets at 80 cents or higher.
This preview shall no longer be valid if losses extend below 35 cents. In that case sellers would most likely drive prices below 25 cents towards 15 cents or lower.
Daily Chart

As it is XRP/USD is now trading within our ideal buy zone set between the 78.6 percent and 38.2 percent Fibonacci retracement zones. In line with our XRP/USD trade plan, we suggest aggressive traders to buy at spot prices with stops at 35 cents—the 78.6 percent Fibonacci retracement level with first targets at Sep 2018 highs of 80 cents.
On the other hand, conservative traders should wait for strong gains above the 60 cents before buying on dips with targets at $1.65. Conversely, dips below 35 cents cancel this preview. In that case, aggressive traders ought to sell at spot with stops at the highs of that breakout bar as they aim for 15 cents.
All Charts Courtesy of Trading View
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
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Two Major Banks Set to Bridge Japan and Brazil Using Ripple Tech

CoinSpeaker

Two Major Banks Set to Bridge Japan and Brazil Using Ripple Tech

MFUG Bank is set to utilise Ripple, as it turns to cryptocurrency for a new payment service that has just been announced.

Two Major Banks Set to Bridge Japan and Brazil Using Ripple Tech

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Source: CoinSpeaker

XRP Price & Technical Analysis: XRP Again under Bearish Pressure

CoinSpeaker

XRP Price & Technical Analysis: XRP Again under Bearish Pressure

XRP is still slightly moving down on Thursday Nov 8, trading at $0.5169, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

XRP Price & Technical Analysis: XRP Again under Bearish Pressure

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Source: CoinSpeaker

XRP’s Cobinhood Listing may Trigger a Bullish Trend

Any listing of coin on prominent exchanges does give an upward push to prices of that coin. But considering the wider reach of Cobinhood exchange and the popularity of XRP, a lot of analyst on the street believe this listing could be much more than just an upward push to the prices of XRP and but altogether could trigger a bullish trend.
XRP’s wider reach could probably push it to second place ahead of Ethereum
Ripple’s XRP is the third largest cryptocurrency by market capitalization behind bitcoin and Ethereum, though not mined like other digital currencies because it is owned by one company. It has triggered a lot of interests, in the crypto market, and obviously heading to take over Ethereum and even challenge Bitcoin’s top position.      
The current listing is on the Cobinhood exchange, a crypto service platform known to charge zero fees on transactions. Following this listing, investors can deposit, trade and withdraw XRP on this exchange platform. This is yet another aggressive move to increase XRP token utility level.
Not just Cobinhood listing, fundamentally too XRP has been proving itself much faster and cheaper than Ethereum and Bitcoin. This was reaffirmed by Ripple CEO, Brad Garlinghouse who said, in a recent interview, that XRP is a thousand times cheaper and faster than bitcoin transactions. To quote him
”We use a digital asset called XRP as part of that flow and we use XRP because it’s a thousand times faster than bitcoin transactions and a thousand times cheaper than a bitcoin transaction. We think that the utility of XRP is such that it’s the most efficient digital asset to solve this problem on cross-border payments. So, Ripple, the company is really building on top of this open-sourced eco-system that I call the XRP eco-system, and Ripple’s building vertically on top of that – as a payments company.”
Ripple portrays an image of an aggressive, target driven set up. Its focus is on pushing their token as far high as it can reach, by improving the utility derived from its uses. This, they have demonstrated by creating a liquidity tool called X rapid, among others.
According to Ripple CEO, this tool enables financial institutions to save up to 70% compared to other existing tools in managing and spreading liquidity. Its expected acceptance is high because it has been introduced to major banks.
Considering the recent happening in XRP, its incorporation by banks on RippleNet and introduction of blockchain based products like xCurrent, xPring and xRapid, and current listing on Cobinhood. It is justified to say the bulls are unleashed.
XRP will surely gain on the back of the Cobinhood listing and its fundamental achievements. One has to just wait and watch when does that happen
Do you think XRP can overtake Ethereum and challenge bitcoins supermacy? DO let us know your views on the same.
The post XRP’s Cobinhood Listing may Trigger a Bullish Trend appeared first on Coingape.
Source: CoinGape

XRP Down by 25% this Month, Brazilian Crypto Platform with +1M Customers add Support

While XRP has lost about 25 percent of its value this month, its liquidity is rising as Brazilian digital asset company with over 1 million customers adds XRP to its limited list of cryptos. With XRP trading below $0.50 level, it can extend its losses but Sibos event just might bring a change of momentum.
Mercado Bitcoin adds XRP to its over 1 million customer market
XRP liquidity keeps on rising as exchanges from all over the globe are adding the world’s 3rd largest cryptocurrency. The latest one is Mercado Bitcoin that caters to Brazil and Latin American market. As per the rough translation, the digital asset company announced on Twitter,
“Already have XRP? Transfer now to the Bitcoin Market and participate in the opening of the market. You will soon be able to trade on our platform.”

Já tem XRP? Transfira agora para o Mercado Bitcoin e participe da abertura do mercado. Em breve você poderá negociar em nossa plataforma.
Saiba mais:https://t.co/rmUQF7QxLY pic.twitter.com/V6KUShqSGd
— Mercado Bitcoin (@MercadoBitcoin) October 9, 2018

In order to buy the cryptocurrencies, the process requires you to first create an account. It requires you to have a balance in Reais for which you have to got to deposit page to get credit in your account. The website mentions zero rate for deposit. Then, select the digital asset and buy the cryptocurrency.
The crypto exchange has only a limited number of cryptocurrencies listed on its platform viz. Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and now XRP.
With over 1 million customers, this is another progressive step for XRP that adds to its liquidity and further to its global presence.
Also, read: Ripple to Exhibit RippleNet at Swift’s Sibos 2018 Event, Is another XRP Jump Coming?  
XRP trading below the critical $0.50 level
At the time of writing, XRP has been trading at $0.4727 while being down by close to 2 percent in the past 24-hours. Today’s trading range has been between $0.4623 and $0.4818. With a market cap of $18.7 billion, it has been managing the daily trading volume of $441 million.
XRP 1-day price chart, Source: TradingView
Just last month, XRP price took a surgeon the anticipation of the launch of xRapid reaching about $0.70. Since this month has started, the digital asset has been on a downward spiral. From $0.6306 on September 30 to today’s $0.4727, it has lost 25 percent of its value.
XRP 1-month price chart, Source: TradingView
Now the question that arises is if XRP will wipe out all the September gains? The XRP/USD pair is at a risk of losing more of its value as it is below $0.50 mark. However, Swift’s upcoming Sibos 2018 event could be a silver lining for XRP where Ripple is exhibiting RippleNet and enthusiasts and investors alike are expecting Ripple to make some big announcement.
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Source: CoinGape