Ripple's XRP Climbs Again, Hits New 52-Week High

Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term's XRP cryptocurrency seems unstoppable right now, adding another 11% to last week's gains to top the 5000 satoshi ($0.017) mark for the first time in over a year.

XRP continued to climb steadily after jumping to 4200 satoshi in the middle of last week and setting a new 2014 high, though the rate of ascent slowed considerably through the weekend.

Traded volume has weakened as well, currently at $1.16 million over the past 24 hours. The slowing pace of rise and the weakening volume suggest that a pullback is likely in the near-term. This leg of the rally is possibly being driven by traders reacting to the rally's earlier stages and making a bid for whatever is left.

Having gained nearly 670% since summer lows and 72% in December, and with recent positive developments such as its partnership with Earthport already priced in, a pullback is especially likely. Thereafter, gains may resume but may be dependent on the resumption of a steady stream of good news.

While Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term has struggled of late, XRP's gains over the past five days have been organic and less a result of bitcoin price weakness. BTC is at about break-even since XRP made its latest advance.

Its market cap has thus grown to $540 million, over one tenth that of Bitcoin.