Published: Fri, October 19, 2018
Business | By Tara Barton

Ripple talks with Trump administration send XRP on bull run

Ripple talks with Trump administration send XRP on bull run

Tether (USDT) traded up 0.1% against the dollar and now trades at $0.99 or 0.00015895 BTC. Over the last seven days, XRP has traded down 12.1% against the dollar. He aims to eliminate the confusion surrounding Ripple and the XRP coin. However, following the brief bears, XRP price started towards the bottom to trade as low as $0.35.

Maker (MKR) traded 0.2% lower against the dollar and now trades at $649.90 or 0.10380880 BTC.

VeChain (VET) traded up 3.1% against the dollar and now trades at $0.0116 or 0.00000186 BTC. The Bitcoin price of NEU now sits at 0.00005277 BTC.

Zilliqa (ZIL) traded 2.8% higher against the dollar and now trades at $0.0327 or 0.00000523 BTC.

Driving the trend is likely not only the wider bear market, but bad press for Ripple, the startup most often associated with XRP, and which continues to be bombarded by and investor lawsuits stemming from the coin's price decline. The Reddit community for XRP is /r/ripple and the currency's Github account can be viewed here. The official website for XRP is The main agenda being cryptocurrency mining, in particular, Ripple mining. This database includes a ledger, which serves to track accounts and the balances associated with them. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world.

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In time, perhaps even President Trump will see Ripple in a positive light. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus.

Tom Lee, head of research at Fundstrat Global Advisors predicted that Bitcoin will reach $25,000 and hence Ripple will be propelled to $10 by the close of the year and to $24 by 2022. It runs on computers around the world, all working together to continually maintain a ideal, shared record of accounts, balances, and transactions. They also tend to be more secure, due to their open source nature. Cory also reported that when he accepted the CMS position at Ripple, he faced tons of fear uncertainty and doubt, the so-called FUD, regarding the firm and its XRP (XRP) cryptocurrency.

USA president Donald Trump's White House seems to be concerned about China's Bitcoin dominance, and with Chinese mining pools controlling more than 70% of the Bitcoin network's collective hash rate, it might be for good reason.

Of course, before XRP can become institutionalised in the U.S., it will need to be regulated.

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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