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XRP Price Prediction: What to Expect in the Next 48 Hours

Published 09/02/2023, 09:21
Updated 09/02/2023, 09:45
© Reuters. XRP Price Prediction: What to Expect in the Next 48 Hours
XRP/USD
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  • XRP’s price fell victim to the market-wide selloff over the last 24 hours.

  • The remittance token’s price breached the $0.3971 and $0.3937 support levels.

  • The price of XRP may rise in the coming 24-48 hours if it does not break below $0.3860.

Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb.

Ripple’s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.

The token used for the cryptocurrency is premined and utilizes the ticker symbol XRP. Ripple is the name of the company and the network, and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks – as a sort of temporary settlement layer.

XRP Current Market Standing

XRP (XRP) is ranked as the sixth biggest crypto by market cap, according to CoinMarketCap. It experienced a 2.18% drop in price in the last…

The post XRP Price Prediction: What to Expect in the Next 48 Hours appeared first on Coin Edition.

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