XRP News – Following the news of the Coinrail hack, the crypto market suffered a major dip. This dip has continued well into the week, with numerous coins plummeting Wednesday. Take, Ripple (available on Binance) (XRP), for instance. The cryptocurrency is down nearly 10% in the past twenty-four hours.
In this article, we’re going to be looking at XRP news, as well as noting some recent comments from Brad Garlinghouse, CEO of the company Ripple (available on Binance), about the market.
Ripple (available on Binance) (XRP) is currently selling for $0.52. This is a significant drop in price in terms of where XRP was sitting at last week. In the past twenty-four hours, XRP is down 9.05%.
Source: CoinMarketCap
Last week, the price of XRP was around $0.67. In 2018, the crypto market as a whole has lost over 50% of its total value. In the last 3 days, Ripple (available on Binance) has lost around 10%.
Ripple (available on Binance)’s Thoughts on the Crypto Market
So, as many know but few understand, Ripple (available on Binance) and XRP are not, contrary to popular belief, the same thing. To put simply: Ripple (available on Binance) is a company, and XRP is a digital asset. Now, just because Ripple (available on Binance) is a software company, and while Ripple (available on Binance) does own a lot of XRP, that doesn’t mean members of the company don’t vocalize their thoughts on the crypto market.
Just recently it was reported that Brad Garlinghouse, CEO of Ripple (available on Binance), said that Bitcoin (available on Coinbase) is controlled by China. This is not the first time Garlinghouse has bashed on Bitcoin (available on Coinbase), but it is the lastest. Earlier this month, Garlinghouse is quoted as saying BTC “is not the panacea we thought it would be.”
The XRP News Takeaway
What do you think about the performance of XRP this week? How about the comments from Ripple (available on Binance)’s CEO about the market? It will be interesting to see where XRP is at at the end of the work week, and how it will be going into weekend trading.
Featured Image: Depositphotos/© BiancoBlue
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