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[BMF]

Ripple is one of the popular cryptocurrency next to bitcoin. The symbol or code for Ripple is XRP. Apart from the cryptocurrency, the name Ripple also stands for the beta version of the open source payment system that will help the users to transfer any kind of currency without any fee.

Ripple is different when compared with bitcoin even though both have some similar features. Bitcoin transactions can be done with zero fees if a user can wait patiently for some time. But the ripple transactions always have a small fee in XRP to make the transaction secure.

XRP can be bought from many exchanges like Bitstamp, Gatehub, Coincheck and more.

Pros:

1. High Speed: Ripple transactions can be completed very quickly within seconds when compared with other cryptocurrencies which take minutes or hours to complete a transaction

2. Scalability: Studies say that XRP can handle more than 1000 transactions per second. Bitcoin can handle only up to 5 transactions per second. So XRP transactions are highly scalable.

3. Ripple Consensus Ledger (RCL): RCL is nothing but an open source and distributed ledger maintained by a set of computers to keep track of all the ripple transactions. Every new transaction is validated and compared with past transactions until it reaches a majority. This checking helps to make the transactions more secure and discard the invalid or disputed transactions.

4. Stability: Ripple is more stable when compared with other cryptocurrencies because the RCL is governed by many banks and financial institutions. Bitcoin and Ethereum do not have this type of governance.

Cons:

1. It is not possible to make free ripple transactions, unlike bitcoins.

2. Ripple doesn't support any decentralization.

3. Even though the ledger is public, the value of ripple is mainly controlled by banks.

What's your opinion about RIPPLE? SHARE IT!

 

[Yugocean]

Market Effect Of Lawsuit

This time too Ripple has been included in the list of the fastest growing 5000 companies in US by Ink magazine. Although the SEC's lawsuit has had an adverse effect on the company, it has also declined in the ranking position compared to the previous year. Ripple is ranked 2456th this year, compared to 123rd in 2020 prior to the lawsuit.

 

[Yugocean]

Is Ripple Lab planning to move to Portgaul?
Now all Ripple updates are coming in portuguese, and we have to rely on google translation to understand it.
I tried to understand Portuguese with the help of a Portuguese friend, but she also warned that it was a complex language.
For now we will do google translation.

 

[GoldenLady]

Market Effect Of Lawsuit

This time too Ripple has been included in the list of the fastest growing 5000 companies in US by Ink magazine. Although the SEC's lawsuit has had an adverse effect on the company, it has also declined in the ranking position compared to the previous year. Ripple is ranked 2456th this year, compared to 123rd in 2020 prior to the lawsuit.

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This was a coin that had a lot of promise especially due to the low transaction fees. Such a low ranking also doesn't look good especially to potential investors.

Hopefully it recovers as soon as this market stabilizes and when it does, it will definitely have people wishing they had more of it.

 

[Yugocean]

This was a coin that had a lot of promise especially due to the low transaction fees. Such a low ranking also doesn't look good especially to potential investors.

Ripple is a financial service network, and XRP is its native cryptocurrency.
(It costed me 20 ripples when I first got into my trust wallet, so since I transferred my ripple to exchange (no fees was charged by exchange), I no longer withdraw XRP to non custodial wallet.

Currently, it is facing bear and SEC.

 

[Yugocean]

Update
The value of XRP has risen by over 8% this week, after a complete weakness in August, its value has started to rise at the moment, but it is still higher in its value compared to its maximum price of 0.39 in the month of August has not increased. It is still struggling to improve.

 

[BullyMaguire]

I hope the lawsuit ends already it has hindered the growth by lots. For me Xrp is one of the best coins crypto currency market has to offer. The fees are so cheap the transactions are fast. It has opened a lot of opportunities for me. Something that i would probably only dream about that's why i will stay invested in xrp

 

[Yugocean]

After ETH scam, now Blue Tick scammers are targeting XRP under the name of Garlinghouse, yes fake blue tick account.

My advice is never to fell for these scammers, creators do not advertise giveaway of established cryptos in such manner.

That is a scam post by scammer, Alert, do not even click on its link.

 

[Yugocean]

SEC's loss is CFTC's gain

The outcome of the SEC vs. Ripple lawsuit is now near, and the SEC appears to be losing the case. On this occasion, United States Commodity Futures Trading Commission (CFTC) Commissioner Carolyn Pham has a friendly meeting with Ripple CEO Brad Garlinghouse. This can be considered an impressive move by the CFTC in the crypto sector, which is in contrast to the harshness of the SEC.

 

[Yugocean]

Ripple is winning the case

The judge Analisa Torres has turned down SEC's application, and ordered the agency to provide documents of former SEC Director William Hinman.
Ripple was requesting this since long, it is considered to be crucial evidence of SEC 's misuse of authority and framing Ripple officials

 

[Yugocean]

Update on SEC
Ripple and the SEC are no longer in dispute, leading some analysts to speculate that the SEC has lost its lawsuit. But the court's decision is not yet clearly known, so some analysts are of the view that Ripple is strengthening its defense.

 

[ipol12]

What I liked about Ripple is the low fees and fast transactions. I buy Ripple when cashing out to fiat because it only takes 0.0001 XRP fee when transferring. It may have its issue on SEC but I hope things will be positive.

 

[Yugocean]

Lawsuit To End

Ripple CEO Brad Garlinghouse claims that the lawsuit with the SEC will be resolved this year itself. Garlinghouse claims it looks like it'll win the lawsuit or settle with the SEC.

 

[Yugocean]

XRP Shining
There has been a good increase in the value of XRP this time. Its value has now gone above 50 cents. I sold it at a huge loss; its value is still very low at the moment. Ripple vs SEC case will decide more.

 

[Japhnet]

The ripple xrp is a coin initial created to facilitate inter border payments. Xrp faced a lawsuit by the Sec and the case went on for months and it eventually increased in value after the proposed lawsuit, which was bizarre.

 

[Yugocean]

The ripple xrp is a coin initial created to facilitate inter border payments. Xrp faced a lawsuit by the Sec and the case went on for months and it eventually increased in value after the proposed lawsuit, which was bizarre.

Not really, XRP is still facing the lawsuit, and there is hardly any result coming up. It claimed many times about reaching to the end, but nothing achaived yet. However, at rank 6, XRP remains among top 10.

 

[Yugocean]

Stable for now

XRP, which has gained 25% in one week, is currently experiencing a lot of volatility in its value, hovering around 53 cents. Investing in it for trading is not looking profitable at the moment, but if you want to take a risk, then it's your choice.

 

[Yugocean]

Costly SEC lawsuit
The SEC case may be pending, but it has taken a heavy toll on Ripple. Brad Garlinghouse informed the crowd in a fireside chat at the Dubai Fintech Summit on May 8 that the Ripple lab has spent $200 million on the case.

 

[Yugocean]

XRP in Trouble again? This time with BoA
Even after winning the SEC lawsuit, Ripple is not growing much, the value of XRP has come down to where it started growing. The news is coming that something has happened between Bank of America and Ripple that could make the bears, many big hodlers have sold or are selling their XRP.

 

[Yugocean]

Ripple Down

Ripple is no longer investor's favourite, its CBDC effect is making people shy away from investing in it. Majority of crypto users are not happy with economic control over them, so XRP is also suspicious.

 

[Yugocean]

XRP not a security

SEC has finally removed Ripple XRP from its list of securities. Although SEC is still going for second circuit appeal, but it will not request to consider XRP as security.