Ripple (XRP) is one company that has gone up quite a bit today. The coin managed to gain about 5%. Over the past seven days, we’ve seen a drop of about 4%. XRP is ranked sixth in terms of market capitalization at the time of writing.
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What is ripple?
It is very important to understand the difference between XRP, Ripple and RippleNet. Ripple is an umbrella company that operates XRP and RippleNet. XRP is different from Ripple again. This is the currency that runs on the digital payment platform RippleNet that is located in the distributed ledger “XRP Ledger”. Although XRP is operated by Ripple, the XRP Ledger remains an open source network. The goal of XRP is to be a fast, cheaper and more scalable alternative to both other digital assets and existing cash payment platforms such as SWIFT.
Why is the value of XRP rising?
The increase can be explained by has evolved In a long-running lawsuit between the Securities and Exchange Commission (SEC), US financial market regulators, and Ripple Inc. In the lawsuit, new documents were released showing that Ripple legal aides actually told Ripple in 2012 that they should not offer their XRP tokens in certain ways because the tokens could then be sold as Guarantees or goods can see. Ripple has strictly adhered to this.
This is another positive development in the lawsuit as Ripple now has evidence that it did consider in 2012 that it wanted to comply with the correct laws and regulations and did so.
XRP price since Previous analysis It hasn’t changed much. However, it is clear that the price was not able to break out of the triangle pattern. The test was also stuck at the top of the form on only one test exam REPETITON† It is also clear that the candle tops of the past few days are dropping more and more. So these tops perfectly follow the pattern. As indicated in the previous analysis, it is a neutral pattern, so we cannot say upfront about which way we are likely to exit. So this is still waiting time.
What are the expectations for the coming period?
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