Ripple is in Close Talks with the Trump Administration

Cornelia Mascio
Ottobre 18, 2018

After recovering through the afternoon from a late morning fall to $440 levels, a late in the day sell-off saw Bitcoin Cash slide through the first major support level at $445.93 to an intraday low $440.2 before finding support at the end of the day. At 0030 UTC, 15 October the market cap of XRP stood at $15.91 billion and it increased by a whopping 18.64% in a matter of 6 hours to $18.88 billion. One XRP coin can now be purchased for approximately $0.45 or 0.00006737 BTC on cryptocurrency exchanges including Binance, Coinrail, GOPAX and Coinsquare. The executive hinted that the company holds a lot of discussions with regulators and governments demonstrating the benefits of XRP, Ripple's digital coin.

Holo (HOT) is now trading at $0.00 against the United States dollar, a 6.35% change in the last 24h.

Neumark (NEU) is now trading at $0.35 against the USA dollar, a 5.89% change in the last 24h.

VeChain (VET) traded 1.2% higher against the dollar and now trades at $0.0116 or 0.00000186 BTC.

Maker (MKR) traded up 1.6% against the dollar and now trades at $648.88 or 0.10393911 BTC.

0x (ZRX) traded 0.8% higher against the dollar and now trades at $0.74 or 0.00011786 BTC.

BitTube (TUBE) is now trading at $0.10 against the USA dollar, a -1.06% change in the last 24h.

SingularityNET (AGI) is now trading at $0.05 against the USA dollar, a 2.24% change in the last 24h. It launched on 2nd February, 2013.

XRP has a maximum supply of 39,997,634,397 coins. The official website for XRP is ripple.com/xrp.

Driving the trend is likely not only the wider bear market, but bad press for Ripple, the startup most often associated with XRP, and which continues to be bombarded by and investor lawsuits stemming from the coin's price decline. Opposite from Bitcoin, there is no mining in Ripple. While Corry did not give any details about the ongoing talks Ripple is having with the white house, his comments show that something big is coming soon and Ripple's XRP is right in the middle. Investors planning to obtain XRP may well have to first of all buy Bitcoin or ETH using an exchange which provides Dollars trading pairs for instance Coinbase and GDAX. According to the interview, for the fact that the cryptocurrency mining market is mainly dominated by China, the current administration believes that XRP and Ripple will be the key to putting down the competition in this ever growing industry.

For the day ahead, a hold on to $446 levels through the morning would support another run at $450 levels to bring the day's first major resistance level at $453.07 into play, while Bitcoin Cash will likely continue to fall short of $460 levels as investors look on for news from the FSB and G20 on rules and regulations for the cryptomarket, the International Monetary Fund impact analysis of the market on financial stability suggesting the need for a more rigid framework.

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