XRP News – In the past month, the crypto market has taken a bit of a beating. Now, the SEC has deemed that Ethereum (ETH) isn’t a security, and the market is turning around. Bitcoin is up in the past 24 hours, as is Ripple (XRP) and Stellar (XLM).
In this article, we’re going to look at XRP news. Specifically, XRP price news. Then, to end, we will look at Ripple news — pieces that have come from the software company.
XRP News | XRP Daily Chart
Ripple (XRP) is currently selling for $0.55. This puts XRP up 1.94% in the past twenty-four hours. Right now, XRP has a market cap of $21.66 billion, and its 24-hour trading volume is around $303.19 million.
Ripple News | The Company
While not correlated, it is thought that the more success Ripple, the software company, has, the more successful XRP will be. So, has Ripple done anything successful lately? You bet!
Donating Money to Schools Across the Globe
A couple weeks ago, Ripple donated $50M to Universities across the globe, in order to further blockchain research. Then, yesterday, Ripple added one more thing to the conversation: the San Francisco-based company said that it will be investing $2M over the next 5 years in the University of Texas at Austin’s school of business.
This is just one of the many initiatives that have allowed Ripple to have one of its best quarters. Ripple, which owns a lot of XRP, has had more partnerships and collaborations than ever before. Not to mention we’ve seen two banks join the RippleNet in less than two months.
Sector Drama Doesn’t Faze the Company
The company has done a lot of good lately. However, it’s important to mention that Ripple isn’t a company that will hide its opinions on the crypto sector just to spare the feelings of investors. Need an example? Here are two.
Brad Garlinghouse, Ripple CEO, has been pretty vocal about his opinions on Bitcoin. At the end of May, Garlinghouse said Bitcoin is the “Napster of Digital Assets.” Then, a couple days ago, the Ripple CEO stated with utter confidence that BTC is “controlled by China.”
India Crypto Ban? Ripple isn’t Worried
Word has surfaced that Ripple isn’t worried about the mandate on restricting banks from dealing with virtual currencies. The mandate was implemented by the Indian Central Bank. According to various reports, Ripple believes that the bank will soon overturn the ban.
What did you think of the XRP news today? Do you think XRP could continue to be in the green during the weekend trade? What did you think about the Ripple news? Do you agree with Ripple’s thoughts on the India crypto ban?
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