Coin of the day is Ripple.
"The world’s only enterprise blockchain solution for global payments."
Ripple company classifies their product a real-time gross settlement system (RTGS), currency exchange and remittance network. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based on a shared and public database or ledger, which uses a consensus process that allows for payments, exchanges, and remittance in a distributed process. Their network builds the way that it can function without the Ripple company support. Among its validators are companies, internet service providers, and the Massachusetts Institute of Technology. Used by companies such as UniCredit, UBS, and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology.
Despite its distribution, one of the most dangerous shortcomings of this company is that, in its essence, it belongs to a closed circle of people who have complete control over it, and this runs counter to the idealistic concept of crypto-currencies.
Technicals
3.04.2018 XRPBTC found a bottom at the 0.000069 level, started the growth from this level. The confirmation of the reversal came on the 9th of April when the coin broke above the Bearish Trend line. Recently Ripple broke above the 100-days EMA, which completed the turnaround pattern, and the coin gained more upward momentum. Today we reached the 0.0001 level which is an important psychological barrier. The breakthrough of this level may come across difficulties as the coin looks oversold and some of the traders, who bought the bottom could start fixing the profits. As we can see from the distribution of today volumes, most of the volumes were traded below the 0.0001 level; this looks like profit-fixation orders triggered right below the important level. Nonetheless, the price reached above 0.0001 which is a bullish sign. The breakthrough of the 0.0001033 high will continue the uptrend. Break below the 0.98 level will send XRP into the correction.
"The world’s only enterprise blockchain solution for global payments."
Ripple company classifies their product a real-time gross settlement system (RTGS), currency exchange and remittance network. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based on a shared and public database or ledger, which uses a consensus process that allows for payments, exchanges, and remittance in a distributed process. Their network builds the way that it can function without the Ripple company support. Among its validators are companies, internet service providers, and the Massachusetts Institute of Technology. Used by companies such as UniCredit, UBS, and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology.
Despite its distribution, one of the most dangerous shortcomings of this company is that, in its essence, it belongs to a closed circle of people who have complete control over it, and this runs counter to the idealistic concept of crypto-currencies.
Technicals
3.04.2018 XRPBTC found a bottom at the 0.000069 level, started the growth from this level. The confirmation of the reversal came on the 9th of April when the coin broke above the Bearish Trend line. Recently Ripple broke above the 100-days EMA, which completed the turnaround pattern, and the coin gained more upward momentum. Today we reached the 0.0001 level which is an important psychological barrier. The breakthrough of this level may come across difficulties as the coin looks oversold and some of the traders, who bought the bottom could start fixing the profits. As we can see from the distribution of today volumes, most of the volumes were traded below the 0.0001 level; this looks like profit-fixation orders triggered right below the important level. Nonetheless, the price reached above 0.0001 which is a bullish sign. The breakthrough of the 0.0001033 high will continue the uptrend. Break below the 0.98 level will send XRP into the correction.
