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XRP Could Fall 20% Says Trader Accusing Ripple of Manipulating Market

Peter Brandt joins critics of the third-largest altcoin, which currently trades at two-year lows against Bitcoin. Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses. Brandt: Ripple manipulated XRP for yearsIn a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation. XRP had dropped to its lowest level against Bitcoin (BTC) in over two years, while XRP/USD circled 11-month lows. For Brandt, however, even current levels of $0.26 are the result of manual intervention on the part of Ripple, and not natural market forces. Should the practice ultimately fail, the token could shed another 20%. “Will Ripple be able to manipulate the market to keep $XRP above .2400? A serious breakdown at this level, and .020725 is in the cards,” he wrote in comments accompanying an XRP/USD price chart. When challenged about his use of language, Brandt defended hi..

SEC Is Bringing ‘Thor’s Hammer’ Against Ripple, Warns Tone Vays

The veteran trader openly calls XRP a scam as Ripple lawsuit edges closer to unregistered securities verdict. Ripple is coming under fire from a serial Bitcoin (BTC) proponent this week after news emerged a lawsuit against the company has intensified. Ripple will feel U.S. regulators’ wrath, says VaysRipple, which notionally controls the token known as XRP, is currently being taken to court by an investor, Bradley Sostack, who claims the company engaged in selling unregistered securities. As Cointelegraph reported, the stakes increased this week, after Sostack amended his original claim to include fresh guidance from the United States Securities and Exchange Commission (SEC). According to reports, the SEC’s latest pronouncements lend weight to Sostack’s argument, and a filing now shows Ripple must respond to the accusations next month. “Thor’s hammer”Commenting on the events meanwhile, Tone Vays, the veteran trader and host of the Bitcoin Law Review podcast, levelled harsh criticism..

Ripple (XRP) Price Likely To Recover With The Recent Upward Correction...

Ripple News Update- Due to the recent steady fall of Ripple, the price dropped against the US Dollar below the support levels at $0.3050 and $0.3000. After trading at a new monthly low of $0.2897, the crypto asset began an upside correction of its losses against the Us Dollar. Ripple Price Prediction points out that the price of Ripple (XRP) will continue to increase as long as it is above $0.2950. Ripple News Today – XRP Price Prediction 2019 – XRP Price Prediction – Further Rise of XRP Price Expected An analysis of the XRP chart showed the token price making an upward movement. Above the $0.2950 support area, the crypto asset is showing a few positive signs. However, the bulls can push the price higher if they gain traction above $0.3050 and $0.3075. XRP may witness a further drop towards $0.2900 or even $0.2840 if the bulls find it difficult to increase the price. The technical indicators of XRP show the following statistics. The current hourly Relative Strength Index, RSI for XR..

Growing XRP Liquidity In Mexico May Be A Direct Result of...

Ripple News Today – Ripple has been paving the way to close the hassle of traditional payments with cryptocurrency even if a few XRP enthusiasts were a bit skeptical of the coin’s worth. The current MoneyGram partnership came as a breath of fresh air for the currency, as it has brought a noteworthy development to XRP’s liquidity, particularly in the Mexican market. XRP (XRP) Price Today – XRP / USD Name PriceXRP$0.301-0.22% Looking at it from a bigger perspective, the recent ripple price prediction indicates a developing ecosystem, the effect though might not be immediate on the XRP’s price. This development has also prompted the assumptions around the subsequent profits for conventional payment providers such as Ripple’s official partner Cuallix that are using the same channel. According to a tweet from @tenitoshi on twitter, he brought to the notice of the public that, Bitso, Mexico’s first licensed crypto exchange, purportedly demonstrated an unexpected spike in XRP’s liq..

South Korean Holding Company Uses Ripple Fork to Develop Donations Platform

South Korean holding company SK C&C has developed a platform for charitable donations, using a fork off of Ripple’s blockchain. South Korean holding company SK C&C has unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token. South Korean news daily Chosun reported about the company’s initiative on Aug. 9. According to the report, the donation platform is still strictly in the planning phase. SK C&C head Lee Sun-min explained that issues with regulation and infrastructure development present barriers to launching their proposed platform: "Since SK is a company, we cannot pursue profits in won stablecoins. Regulatory issues are not solved, too [...] It's hard to build a platform ecosystem [...] Not just a single company can do it. We are currently looking for a company to build a platform ecosystem.” As far as the details of the donation system ..

Ripple CEO: Moneygram Using XRP a Bigger Deal Than Facebook’s Libra

Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram. Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June. As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its investment by a further $20 million within two years. Moneygram starts using xRapidMoneyGram began using Ripple’s xRapid liquidity product on Aug. 3 — a central stipulation of the $30 million deal — as revealed by Moneygram CEO Alex Holmes during the company’s second-quarter earnings call earlier this month. XRapid — which uses the XRP token to facilitate the instant settlement of money sent in one currency into a destination currency — is notably not used by many of Ripple’s other clients..

Ripple Sets XRP To Become World Payment Standard Overtaking SWIFT And...

Ripple News Today – Ripple XRP may be trailing behind Bitcoin and Ethereum in position as top dog in the cryptocurrency industry but the company has shown that it’s no pushover when it comes to business transactions. The blockchain company has been at the forefront in advocating for the shift to the use of cryptocurrency in financial transactions globally. It boasts of a variety of different solutions for the global market. Ripple Latest Update – XRP News Today – Ripple News Today – Ripple Wants XRP To Be The Leader Across The Globe Ripple XRP and xRapid have become the standard for transactions across many banks in the world. Some of these banks include Euro Exim Bank, ATB Financial in Canada and Santander in the UK. This has made cryptocurrency analysts predict that Ripple may rise to overshadow Bitcoin. This may seem like a pipe dream as Bitcoin sits comfortably at the top of the cryptocurrency food chain. Of note is the disparity between the two cryptocurrency assets. XRP (XRP) P..

Ripple (XRP) Deals with Bear in the Intraday Market, But the...

Ripple News Today: Ripple’s XRP price continues to deteriorate following the July 31 price rebuff at the $0.323 level. After which Bitcoin’s price has been declining, after victoriously smashing the $10000 resistance support. Both XRP and BTC procession have been adverse since the outset of the year 2019. Presently, the 3rd biggest cryptocurrency is now healing from the loss of $0.032% as Bitcoin betters gains of 2.56%. The situation is prone to continue until traders and investors observe a reform in the trend of Ripple (XRP) following Bitcoin’s progress. Currently, the market remains bearish. XRP Price Prediction 2019 – XRP News Today – Ripple News Update – Future Indications of XRP Remains Bright Ripple is currently bargaining with the bear. The market is likewise proceeding with the same trend. The traders affirm that the XRP coin is altered over the same trend. The market repression would shortly be uplifted, and Ripple will once again shimmer. XRP (XRP) Price Today – XRP / USD..

Behind Ripple’s Regulation Call: ‘Do Not Paint Us With a Broad...

Ripple has a long history of pro-regulation declarations and actions, but this time, its fervor appears to be profoundly reactive... Ripple, whose business is built on providing financial institutions with an infrastructure to facilitate international payments and currency trades, has always been a more likely ally to governments and regulators than most other major blockchain projects and cryptocurrencies. Seeking to enhance rather than disrupt the operations of the legacy financial industry, the company has been long stressing the importance of a clear-cut policy framework for the banks to fully reap the fruits of blockchain-powered innovation. The regulatory pushback against Libra, Facebook’s recently announced cryptocurrency, has apparently spurred Ripple’s determination to publicly take an even more pro-market-regulation stance. Late July saw the company’s leadership publish an open letter to the United States Congress (which also appeared as a full-page ad in the Wall Street Jou..

Another Win For Ripple As It Expands Its University Blockchain Research...

In the ripple news today, top cryptocurrency, Ripple (XRP) has expanded its University Blockchain Research Initiative (UBRI) by striking partnerships with two Japanese Universities – Kyoto University and the University of Tokyo. This announcement was made by Ripple on July 30, 2019. Senior director of global operations at Ripple, Emi Yoshikawa stated that the interest in blockchain within the Japanese academic sphere is high. Ripple News Today – Changing the World With Blockchain Technology “Japan is quickly becoming a leading force in crypto assets and blockchain. The region has always been forward-thinking and exploring ways to improve the current financial system. We have seen high levels of interest from the academic community on topics around blockchain and crypto. Ripple is committed to engaging and inspiring students to become part of the workforce of the future, across areas such as blockchain, distributed computing, banking, and fin-tech”, he noted. Bitcoin (BTC) Price Today..
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