Will XRP Be Trump's Answer to China?

Mae Love
October 18, 2018

The coin also showed the maximum gains during the last month's trading session, rising from $o.28 to $0.60. The Bitcoin price of ZEIT now sits at 0.000000005 BTC. At 0030 UTC, 15 October the market cap of XRP stood at $15.91 billion and it increased by a whopping 18.64% in a matter of 6 hours to $18.88 billion. He aims to eliminate the confusion surrounding Ripple and the XRP coin. In reality, Ripple changed the name of their crypto token from Ripple (XRP) to XRP (XRP) just to avoid confusion among users and cryptocurrency fans.

Holo (HOT) is now trading at $0.00 against the U.S. dollar, a 6.35% change in the last 24h.

Binance Coin (BNB) traded up 3.9% against the dollar and now trades at $9.96 or 0.00149551 BTC. Below these, the price will most likely move back in a bearish zone towards the $0.4000 and $0.3800 levels.

NEO (NEO) traded 2.4% higher against the dollar and now trades at $16.52 or 0.00248148 BTC. The Bitcoin price of FSBT now sits at 0.00002411 BTC. The Bitcoin price of AGI now sits at 0.00000752 BTC.

SingularityNET (AGI) is now trading at $0.05 against the United States dollar, a 2.24% change in the last 24h.

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IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.

They recently launched xRapid, a solution that leverages on XRP for cross border fund transfer. XRP's total supply is 99,991,817,275 coins and its circulating supply is 39,997,634,397 coins.

Range bound through the majority of the day, an early morning intraday high $0.4300, coming off the back of a start of a day morning low $0.42027, was the biggest move of the day leading up to a late cryptomarket sell-off, Ripple's XRP sliding through the first major support level at $0.4159 and second major support level at $0.4091 to an intraday low $0.39928 before recovering to $0.40 levels by the day's end.

CryptoCompare claims that: "Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners". As such, there are reports that the Trump administration wants to use Ripple as a countermeasure. Overall, ripple buyers remain in control as long as the price is above the $0.4400 and $0.4300 support levels. Investors seeking to trade XRP should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini.

For the day ahead, a hold on to $446 levels through the morning would support another run at $450 levels to bring the day's first major resistance level at $453.07 into play, while Bitcoin Cash will likely continue to fall short of $460 levels as investors look on for news from the FSB and G20 on rules and regulations for the cryptomarket, the International Monetary Fund impact analysis of the market on financial stability suggesting the need for a more rigid framework.

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