Ripple Latest News – Top Headline for Ripple XRP, February 1st, 2020

  • Ripple’s XRP is a step ahead of 99% of all Crypto project – RyanSelkis
  • XRP records 8% weekly gain

Ripple News Update – Ryan Selkis, the founder of the blockchain analytics firm Messari recently shared his thought on the prospect of Ripple and its native token XRP. Previously, Selkis shared on his Twitter page that Ripple’s XRP is not decentralized. He stated that Ripple is in charge of managing and regulating the digital asset XRP. currently, Ripple owns over half of the whole supply of XRP and sells part of its holding regularly.

Ripple Latest Update – in a recent episode on the Money 3.0 podcast with Abra CEO Bill Barhydt, Selkis praised Ripple’s technology, stating that he is fascinated with it. Yet he claims Ripple lacks transparency and has a long way to go convincing banks and financial institutions to incorporate XRP for cross-border transactions.

Selkis explains:

“I think Ripple the company has built one of the more impressive tech stacks and has much closer to product-market fit than 99% of other projects that are in crypto. The issue has always been what I’ve called the ‘Jekyll and Hyde of crypto’.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

On the one hand, you’ve got Dr. Jekyll who’s trying to replace SWIFT and working with all these banks and got this phenomenal team and board and advisory members. And they are creating interesting tech, solving real problems, and were very early as pioneers in the industry.

XRP (XRP) Price Today – XRP / USD

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But then there’s Mr. Hyde who comes out with these bullshit transparency reports where they kind of obfuscate how funds are flowing, and they’re not quite transparent about the actual funding model for the company, which is more or less a continuous fundraising, but one that’s treated as revenue.”

Ripple News – commenting further, Selkis gives an example of a way Ripple can use to implore banks to incorporate XRP. He went thus:

“I’ll tell you right now, I still think that Ripple could end up doing very well if the banks take the bait and are offered sweetheart deals to buy some of these assets for pennies on the dollar, 50 cents on the dollar in return for actually partnering very publicly with Ripple. So, it’s like a fake-it-until-you-make-it coin.

The revenue model and what the company delivers are two very, very different things. The point of contention for me has always been how much XRP is being used within the company’s core payments platform. And the answer has typically been – not really.”

XRP records 8% weekly gain

XRP price was able to break above the $0.24 resistance level after two weeks. XRP ended the week at the $0.234 support level. XRP was able to garner an 8% increment at the end of the week. Recording $0.234, $0.218, and $0.212 support level against the XRP/USD pair. And $0.245, $0.25, and $0.26 resistance level.


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