Ripple Executive Claims XRP is More Decentralized Than Bitcoin - Ripple News, XRP Price Chart. Saturday, August 25
Important Ripple Cryptocurrency News
Ripple Executive Claims XRP is More Decentralized Than Bitcoin
David Schwartz, the Ripple CTO has claimed that Ripple is more decentralized than Bitcoin. He said that the reason networks such as Bitcoin and Ethereum are considered the gold standard for decentralization is their inherent ability at ensuring that individuals do not take control of the networks.
He wrote, “Since these blockchains are considered decentralized, then by design, the XRP Ledger is also — if not more so — decentralized than both Bitcoin and Ethereum.”
Coinsquare, A Canadian Exchange Moves to Europe
A little known Canadian exchange Coinsquare announced that it is following through with its expansion project by moving into the European market. Coinsquare in the release said that it will support the trading of digital currencies such as Bitcoin, Ethereum, XRP, Litecoin, Dogecoin, Dash and Bitcoin Cash.
Ripple Adds 1 Percent As Coin Struggles to Make Gain
The XRP pullback is faced resistance at the 20-day EMA as the bulls struggled to sustain the MA. In any case, the uptrend will likely face selling pressure on the way in regions above the 50-day SMA.
Beyond this region the coin could move up to $0.5 where bearish pressure will again mount on the XRP/USD pair.
As at Friday morning, XRP has added just 1 percent and was trading at $0.32 at the time of filing this report. Data from Coinmarketcap shows that the coin traded at the same value less than 24 hours ago. Though this is the fourth day the volume of XRP is dropping. Presently the volume stands at $215 million down from $238 million on Thursday indicating a lot of selling pressure on the coin.
It doesn’t look as if the coin will turn bullish in the meantime as the bulls are defending $0.31 on the downside. Every indication shows that trading will be sideways for some time. However if the position breaks, the next support is located at $0.27255 bringing $0.24508 within range.
XRP/USD Price Chart, Saturday August 25th:
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