Tag: XRP

Categories
Crypto

Ripple (XRP) Aims A Re-branding That Could Help XRP Boost By 200%

We were able to watch a Ripple (XRP) community event which culminated with a Snoop Dogg concert. But, that wasn’t the most significant aspect of the event. More interesting was the rebranding of Ripple and, as everybody knows, a change in a brand doesn’t occur without a good reason behind it. In Ripple (XRP) case, might be the desire to get on Coinbase cryptocurrency exchange. However, Ripple wants to rebrand itself, a fact which could boost XRP by 200%.

Ripple (XRP) & Coinbase

As we speak, the authorities are struggling to claim XRP as a security and some investors support the officials in this action.

Thus, Ripple team knows that the XRP will only be able to boost its value against the USD if it will get listed on big cryptocurrency exchange platforms. And, as it has been revealed in the latest news, Ripple is actually going after Coinbase.

But Coinbase cryptocurrency exchange and other major ones will not be interested in Ripple (XRP) as long as XRP has no legal status and is surrounded by turmoil.

This is why Ripple team re-thought its business and started to rebrand itself in order to increase the interest of big cryptocurrency exchange platforms in Ripple (XRP).

Ripple rebrand can help XRP boost by 200%

As reported on Bitcoin.com, Ripple wants to dissociate itself from its homonymous cryptocurrency in order to “de-securitize” the Ripple (XRP) crypto token.

The odds that XRP to be claimed as a security, in the conditions that Ripple holds the largest amounts of its crypto, are really big, thus, such a classification would have a substantial impact on the XRP price and its performance on the US stock exchanges. In this regard, Ripple would like to separate from XRP but could bump into more trouble in convincing people about the reliability of such a measure.

But, as XRP would become an asset on its own, a listing on one of the major cryptocurrency exchanges such as Coinbase, as well as on the US stock exchange, would bring more transactions, market cap, and value against the USD for the XRP. Thus, Ripple rebrand can help XRP boost by 200% only in the before-mentioned conditions.

Categories
Crypto Finance News

XRP is Not Meeting The Standards Of A Security

Ripple Foundation’s main market strategist, called Corey Johnson, said that the XRP isn’t a security in a meeting, as CNBC reports.

How sure is this thing?

Johnson disclosed to CNBC on Wednesday that Ripple was not a security as to alleviate hypothesis that XRP had not been added to digital currency trade Coinbase because of inquiries over its status. Johnson stated that they are not a security. Totally! They don’t meet the benchmarks for what a security depends on the historical background of a court of law.

Coinbase and Ripple had talked about the likelihood of adding its digital currency XRP to the trade, yet as per Johnson, they didn’t suggest the point of XRP’s status with regulators. Johnson also stated that Coinbase never, at any point, had the problems regardless of whether XRP is a security in their talk about posting XRP or not. They’re 100% clear that it’s not a security because they don’t meet the benchmarks.

Coinbase likewise revealed to CNBC that they didn’t talk about regulations with Ripple, and that their discussions spun around more wide criteria for adding assets for the trade.

They want to work with the government

Order of digital assets either as securities, property, or cash is troublesome in the US, as the government is yet to build up an unmistakable administrative structure. In a meeting with Cointelegraph from March, the CEO of Ripple, Brad Garlinghouse said that Ripple has dependably looked forward to working with the government.

He stated that they were from the earliest starting point looking into how they could function with governments, how they could work with banks. What’s more, they think that some people from the crypto group have been in particular thinking about how would they demolish the administration, how would they destroy the banks? He certainly thinks that that’s the thing that has separated them from the other and he thinks, at last, that governments aren’t going to stop their work and just vanish.

Categories
Crypto Finance News

The XRP Price Could Break Through the Resistance Level These Days

In the last period, the cryptocurrency has been going through some rough times. There is still a negative pressure over markets, so we will have to wait and see in which direction virtual coins will go.

Reports concerning the XRP prices for last week were not impressive, so experts say that we should see the latest trends as encouraging: in the last 24 hours, things have started to head towards the right direction, so the XRP prices are about to break the resistance level established at $0.50 again.

A stable ground is needed for keeping the flow up

Cryptocurrencies have had a bad start in 2018, but this does not mean that the situation will remain the same until the end of this year. Although the trend was negative so far, experts follow every activity in this area, so no move happens without them knowing about it.

They say that a bad start of the year is not a certain sign that the death of cryptocurrencies is near. On the contrary, the virtual coin can be reinvigorated if stability will enter the stage. After the latest fluctuations, the market needs some safety landmarks to lean on, but we are not sure yet what to count on.

The XRP price has gone very low in 2018, although at the end of 2017 it met one of the highest level in history. Now, if the price reaches almost $0.50, analysts say that we could be looking at a positive future trend. The price is rising very slowly, but any progress will be welcomed by those who follow the movement right now. However, we should also remain realistic and understand that everything can happen, because we cannot be sure about anything right now. All we can do is wait and we will see if the cryptocurrency can bring some Easter light.

Exit mobile version