XRP Price Prediction: What to Expect in the Next 48 Hours
CoinEdition
Published Feb 02, 2023 03:31AM ET
Updated Feb 02, 2023 04:00AM ET
XRP Price Prediction: What to Expect in the Next 48 Hours
- XRP’s price has risen 2.86% over the last 24 hours.
- The remittance token’s price is trading within a consolidation channel.
- Technical indicators suggest that XRP’s price may drop in the coming 24-48 hours.
Ripple is a technology that acts as both a cryptocurrency and a 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 settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.
The token used for the cryptocurrency is premined and utilizes the ticker symbol XRP. Ripple is the name of the company and the network, and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks – as a sort of temporary settlement layer.
XRP Current Market Standing/h2
XRP (XRP) is ranked as the 6th biggest crypto by market cap, according to CoinMarketCap, and experienced a 24-hour rise in the price ...
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