Ripple Price Analysis: What to Expect in the Next 48 Hours
- The price of XRP has dropped 2.68% in the past 24 hours according to CoinMarketCap.
- A short-term bearish cycle has begun for the price of the remittance token.
- Technical indicators suggest that the price of XRP may continue to decline in the next 24-48 hours.
is a technology that acts as a cryptocurrency and digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb.
Ripple’s main process is a payment asset exchange and remittance system, similar to the SWIFT system for international and secure transfers, used by banks and financial intermediaries to transact currencies. .
The token is used for pre-mined cryptocurrency and uses the XRP ticker symbol. Ripple is the name of the company and network and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediary exchange mechanism between two currencies or networks – as a kind of temporary payment layer.
Current market
Ripple (XRP) ranks as the 6th largest cryptocurrency by market cap, according to CoinMarketCap, and has dropped 2.68% to…
The post Ripple Price Analysis: What to Expect in the Next 48 Hours appeared first on Coin Edition.
