Ripple prices have moderated since their extraordinary surge on Thursday morning, but the currency is still up more than 10% on Friday.
The Ripple to USD exchange rate appreciated from $0.210449 to $0.232294, an increase of 10.38%.
It all happened so quickly. I started writing my daily Ripple news update, and halfway through, Ripple announced that American Express Company (NYSE:AXP) would add to its growing pile of clients.
Investors were ecstatic to hear that American Express—a known giant of finance—will partner with Santander UK “to create a transaction channel between the U.S. and U.K.” (Source: ".
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Ripple Price Forecast: Ripple Says XRP Will “Come into Play Later”
Litecoin is the “silver to Bitcoin’s gold.”
Ripple News Update
The worst thing about fear is that it starts a vicious cycle. Panic only begets more panic. And if you’re looking for proof of this phenomenon, look no further than today’s Ripple news.
Have you ever hiked for so long that you needed a break? The current lull in ETH prices appears to be nothing more than that. Investors simply needed a breather before continuing the upward trek toward our $400.00 Ethereum price forecast.
Ripple prices are upbeat on Monday morning, benefitting from two tailwinds: A reverse-rotation from Bitcoin to altcoins, and the start of Ripple’s SWELL conference.
Bitcoin’s ascent to $5,000 was put on hold yesterday as investors priced in harsh comments from Russian authorities. Based on those comments—some of them from President Vladimir Putin himself—it seems as if the Kremlin is turning bearish on cryptocurrencies.
Yesterday, I wrote that Ripple appeared to be stuck around the $0.20 handle and that something extraordinary could help it break free. Well, that event is almost here: SWELL.
In the last week, XRP prices have crossed the $0.20 handle 12 different times. Half on the way up, half on the way down. Did Ripple news really fluctuate that much day to day? Of course not.
Although BTC slipped 3.74% on Monday, there is more than enough Bitcoin news to reenergize the price.
Bitcoin Price Forecast
As predicted, Bitcoin (BTC) has only continued to climb since getting past that pesky $4,000 threshold. While the coin has been in this territory before, the major event that waylaid the cryptocurrency's progress was that unexpected Chinese ICO block.
Bitcoin (BTC) and cryptocurrencies, in general, are already well-known for their ability to travel. After all, for a "currency" totally based in the ether of the Internet, it makes sense that it would be one of the best industries for overcoming borders. No shipping required. Today, we're seeing a lot of news come in that goes to show that BTC is indeed a global phenomenon coupled with a spike in the Bitcoin prices.
Ethereum has green ink across its “1h,” “24h,” and “7d” categories on the CoinMarketCap website, something that we haven’t seen in quite some time. What a beautiful sight to see.