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
Volatility in the cryptocurrency market is unlike volatility in stocks. No matter how many times I tell that to investors, they still react with shock when prices fall as much as they did today.
Turbulence in the cryptocurrency market outshone any relevant Litecoin news on Wednesday morning, driving the LTC price down 8.3%.
“Should I invest in Bitcoin?” is a question I hear quite often.
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.
Considering the Ripple news that broke on Monday, it was surprising to see XRP prices drop overnight. There were at least two important revelations from the first day of SWELL, Ripple’s inaugural conference in Toronto. Investors must be ignoring those factors.
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.
The Litecoin to USD exchange rate rose 10.31% on Friday morning, bringing the currency to a month-long high of $59.63. Then, after scoring another 6.3% gain on the weekend, Litecoin prices reached $63.37.
It’s official: the Ethereum update is now live.
Investors that bought Bitcoin last month are looking really smart right now. Some of them, especially those who bought at the bottom, would have gained upwards of 90% on their investment.
For those who watch the cryptocurrency market closely, the $400.00 price level is to Ethereum what the $5,000 level is to Bitcoin. It is a crucial milestone that can bolster support for the long-term Ethereum price forecast.
On Thursday, Bitcoin prices took flight across the all-important $5,000 level. It is a landmark moment for the currency, made all the sweeter because it comes on the heels of Russia’s anti-Bitcoin posturing.