XRP is a renowned digital currency that is being used by several banks scattered across the globe to settle cross-border transactions; it is positioned at #3 as of this instant. The trading volume recorded stands at approximately $1.514 billion, while the supply has 43,248,091,671 XRP coins involved as part of circulation. The total market cap of XRP amounts to $12.732 billion for now. The price rose slightly, at a rate of 0.21% in the course of the past 24-hours; this, in turn, helped $XRP surge all the way up to the $0.294417 mark where it presently holds.
Thinking of those across California affected by the wildfires. We @Ripple are supporting the community impacted by the #Kincadefire through the Community Foundation Sonoma County Resilience Fund. Learn how you can help: https://t.co/vbnUGPT3FM
— Brad Garlinghouse (@bgarlinghouse) November 1, 2019
Stellar, which was established under the leadership of Jed McCaleb [a co-founder of Ripple who had previously worked alongside David Schwartz], had rallied greatly a day back. Several analysts feel that $XLM was affected as a result of the Meridian Conference which shall soon take place in Mexico.
XRP and XLM are quite similar; both assets were pre-mined which is a huge cause for controversy even today, and the man behind the mask has had a rough mask [the Mt. Gox fiasco practically crippled the industry for a while since it was a leading and trusted exchange whose services were used by thousands from around the world].
I’m ULTRA Bullish on Ripple $XRP! 📈
For the last year, It’s been fairly stagnant and been in the accumulation phase. With so much news and partnerships, this thing is ready to launch. 📊
The FOMO will be something we’ve never seen before.
Who’s ready? 🤑 🚀 pic.twitter.com/RjBp7snr2W
— CryptoWelson 📊 (@CryptoWelson) November 1, 2019
Personally, I don’t believe that XRP is on the verge of achieving something extraordinary, although mass adoption would definitely go a long way.