Cryptocurrencies are absolutely booming this morning, just in time for the holidays! All but five digital currencies that are in the top 100 are trading green. This is quite a shift, as 2018 has been a negative year for digital currencies. Today, we’ll take a look at Ripple (available on Binance) (XRP) and Bitcoin (available on Coinbase) Cash (Bitcoin (available on Coinbase) ABC).

Ripple (available on Binance) (XRP)

The CEO of Ripple (available on Binance), Brad Garlinghouse, sat down yesterday for a ‘Ask Me Anything‘ chat with the company’s VP of Marketing. Monica Long asked Garlinghouse a series of questions surrounding Ripple (available on Binance) and XRP. Of course, she asked Mr. Garlinghouse if XRP was a security or not. The Ripple (available on Binance) CEO has been asked this countless times, and every time he answers with a resounding, “No.”

Garlinghouse explained:

“I think it is very clear XRP is not a security. There is a whole bunch of base layer reasons for that. One of the most important I think is if Ripple (available on Binance) the company shuts down, XRP trades on over a hundred exchanges around the world and XRP will continue to trade. Ripple (available on Binance) is one important participant in the XRP ecosystem but there are a whole bunch of participants.”

Thus the difference between XRP and Ripple (available on Binance), which are often confused. However, XRP often rises when Ripple (available on Binance) makes major announcements.

According to CoinMarketCap, XRP is trading at $0.372 a share, up +11.99% in 24 hours.