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Information about XRP (XRP)
Ripple (XRP) is a cryptocurrency created in 2012 by Ryan Fugger, Jed McCaleb, and Chris Larson. The Ripple project was developed to enable users to use financial institutions, banks, PayPal, and other services at meager costs and lightning-fast processing speed.
Ripple is a distributed peer-to-peer payment system that is open source. Ripple, like Bitcoin, uses blockchain technology to provide secure payment solutions that assist in the settlement of financial transactions between banks at meager costs.
Furthermore, the benefit of Ripple is that transactions are quick and do not require time to authenticate. Simultaneously, the Ripple platform enables users to trade everything from currency to gold to cryptocurrencies.
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XRP is currently trading at 2.05 USD, with a market capitalization of 119 billion USD. The trading volume over 24 hours is reported at 6.51 billion USD. XRP remains 40.2% below its all-time high, with bearish signals prevailing in the market.
Eric Weiss suggests Bitcoin is set for explosive growth as trade wars impact global markets. He argues that Bitcoin functions as a resilient alternative to traditional investments, predicting a strong divergence from equity correlations.
Michael Saylor reinforces Weiss’s assertions about Bitcoin’s liquidity during market panic, while XRP is trading at 2.05 USD, showing signs of short-term recovery despite bearish trends. Traders are advised to exercise caution with XRP due to persistent resistance.
Max Keiser emphasizes Bitcoin’s resilience amid President Trump’s new tariff-based trade order. He argues that traditional finance won’t significantly improve Americans’ quality of life and asserts that accumulating Bitcoin is vital for real enhancement.
XRP is currently trading at 2.05 USD, facing resistance with a significant support level noted at 1.90 USD. The daily charts indicate a bearish trend, with lower highs, while technical indicators show a neutral market without strong momentum.
Traders should be cautious as XRP’s price remains below key resistance levels, reinforcing the bearish outlook. However, a recovery could be possible if XRP establishes support above 1.96 USD, with increased volume indicating potential upward momentum.
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