Ripple News: XRP Down, Xpring News, Community Night at Consensus 2018

Ripple News

Ripple News: Ripple (XRP), the third largest virtual currency by market cap, is in the red zone Tuesday. The coin can’t take it too much to heart, though. Most of the top-ten coins are in the same position. 

That doesn’t mean Ripple doesn’t have exciting things going on, though. Especially this week, considering everything that’s going on at NYC Blockchain Week and Consensus 2018. Before we get into Tuesday’s Ripple news, however, we are going to need to look at XRP’s daily chart. 

Ripple (XRP) Daily Chart

Ripple (XRP) is currently selling for $0.721250. This puts XRP down 3.48% in the past twenty-four hours. 

Ripple News

Source: CoinMarketCap

As of right now, Ripple (XRP) has a market capitalization of $28.27 billion. It is ranked below Ethereum (ETH) – which is also currently down – and ahead of Bitcoin Cash (BCH). BCH is also down in the past twenty-four hours. 

Ripple News | May 15, 2018

Despite XRP being in the red on the crypto markets, there’s been some exciting Ripple news that has surfaced over the past twenty-four hours.

First, let’s start with the obvious: Ripple just announced a brand new initiative, one that is aimed at expanding the use of Ripple (XRP). The project also targets entrepreneurs, and it is called Xpring. It has offered support to various well-known figures, such as Scooter Braun.

There’s more, though. The Ripple website and Twitter page confirmed that Standard Chartered, Mitsubishi Corp., and Bank of Ayudhya will be testing payments between Thailand and Singapore using xCurrent. For those who don’t know, xCurrent is Ripple’s “enterprise software solution.” 

Ripple at Consensus 2018

It was a busy day yesterday at Consensus 2018, and some major Ripple news came out. Of course, the Xpring news was major, but so was Joel Katz demoing the first live xRapid payment.

There could be more Ripple news today, too. Tonight, Ripple will host the XRP Community Night. Keep in mind this is an invite-only event, but it’s possible something noteworthy will be said, shared with the masses on Wednesday. Snoop Dog is also set to perform, so hopefully, we’ll be able to see some videos of that! 

Ripple Community Response

So, what’s the Ripple community saying on social media? From the looks of it, Ripple has been getting quite a bit of love. As have hashtags such as #XRPCommunityNight, and #XRPNYC. 

The Ripple News Takeaway

Do you have a favorite announcement? Keep your eyes peeled throughout the rest of the week for more! After all, it is NYC Blockchain Week — anything could happen. 

Featured Image: Depositphotos/© Violka08

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