Ripple price LIVE: XRP comeback continues as token surges by nearly 20% in 24 hours

Ripple price LIVE: XRP comeback continues as token surges by nearly 20% in 24 hours

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’s XRP token kicked off trading today at $1.58 (£1.13) – an almost 78 percent surge on its Wednesday low of $0.89 (£0.89), according to CoinMarketCap.

XRP fell below $1 for the first time since December this week after the threat of South Korean regulators banning cryptocurrency trade sent Ripple, bitcoin and Ethereum crashing on the markets.

Ripple was dealt a crushing loss of more than $114billion (£82billion) to its January 4 record market capitalisation of £148billion (£106billion), falling on Wednesday to a new year low of $34billion (£24billion).

XRP has now rallied to clawback $25billion (£18billion) in just 12 hours, at 3.24am. The CoinMarketCap crypto tracker below shows the latest XRP price and market cap in real time.

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Here is all the latest Ripple news and price updates from CoinDesk, CoinMarketCap and leading crypto experts. All times GMT.

Friday, January 19

8.30am: XRP continues price rise opening at 20 percent higher than yesterday

XRP opened at $1.58 (£1.13) this morning and had climbed to $1.63 (£1.17) at 8.14am, surging by 19.14 percent in 24 hours – almost three times as much as Bitcoin and Ethereum. 

Ripple has shot up by almost 78 percent since its collapse on Tuesday, making a remarkable recovery.

All three cryptos continue to be in the green. 

Ripple price live: XRP chart shows continued riseCoinMarketCap

Ripple price live: XRP chart shows token’s continued rise

10.15pm: Ripple pushes past $1.70

XRP briefly broke the $1.70 barrier this evening, pushing as high as $1.73.

The cryptocurrency has since dipped back to $1.64, but investors will be encouraged by today’s performance overall. 

9.14pm: Bitcoin market cap near $200billion again

Bitcoin’s total market capitalisation is creeping back towards the $200billion mark, following this week’s crash.

The crypto is currently worth just over $199billion, far ahead Ethereum at $102billion and Ripple at $62.5billion.

7.53pm: ‘Banks hesitant to use Ripple’

Hank Uberoi, chief executive of cross-border payments specialist Earthport, has said that established banks might hold back on using Ripple’s service because they are “unsure” about how it is regulated. 

Speaking to the Financial Times, he said: “Banks are hesitant to use XRP because they are unsure of the regulatory aspects of it. 

“If money is in transition and the price of XRP collapses in that time, what happens then?”

Mr Uberoi is also concerned that Ripple is pointless unless everyone is using it. 

“It is only of value if everyone is connected to the network — like a fax machine, if others don’t have one, then it is not much use,” he explained.

6.10pm: Recent bitcoin crash not a bubble, says expert

Blockchain investor Spencer Bogart has said that bitcoin’s recent dip is not the bubble some investors have been predicting. 

Speaking to Bloomberg about bitcoin’s recent downturn, he said: “There’s couple of different ways to frame this, is that the markets down 50 percent from it’s all time highs.

“The other way to frame this is it’s up a 1,000 percent over the past year, right, so when we talk about a correction here, really all we’ve done is go back to the all time highs that we set only six weeks ago.

“It hasn’t been much of a correction yet at least not in comparison to some historical corrections.”

Read more:

Cryptocurrency price chartCOINMARKETCAP

Cryptocurrency price chart: The global crypto market is up by more than $150billion today

5.40pm: Crypto investors getting used to idea of regulation, expert says

Speculators are starting to accept that governments in South Korea, China and France are planning to put restrictions on cryptocurrency trading, according to Mati Greenspan, senior market analyst at eToro, which has helped the market recover today.

He told CNBC: “Now that the reasons for the recent sell-off are more clear to everyone and the slightly sour regulatory concerns have been priced in and the Asian premiums are evening out, traders will most likely start focusing on the technicals.”

4.59pm: All top-100 cryptocurrencies up today

Price charts from CoinMarketCap show that all the top-100 cryptos have surged today following a crash earlier this week. 

The total cryptocurrency market capitalisation is now more than $586.5billion compared to a low of $417.6billion yesterday afternoon. 

3.54pm: TransferWise ‘open’ to using Ripple

Money sending service TransferWise has said that it is considering using XRP in the future. 

Replying to queries on Twitter, TransferWise said: “We’re not using Ripple tech right now, but not ruling out the possibility – always considering new ways to make TransferWise better for customers.”

Ripple has already secured a number of high-profile deals with titans of the financial industry, including American Express, Santander and MoneyGram.

3.30pm: Ripple soars past $1.60

XRP’s surge looks set to continue into this evening as the cryptocurrency pushes past the $1.60 mark. 

Ripple has leapt by about 70 percent in the past 24 hours, with its coin market capitalisation currently sitting at more than $63billion. 

3.15: Joe Tambini takes over live reporting from Sebastian Kettley.

2.46pm: Too early to tell if markets have bounced back, claims strategist

Hussein Sayed, chief market strategist at FXTM, argued in a letter today that it is still too early to say whether or not bitcoin recovered from its two day slump.

He said: “Most people who were buying bitcoin and other cryptocurrencies most recently, are not using them for transactions, but holding them in the expectation of profiting from the endless rising price.

“Whether the animal spirits have already released their grip, remains to be seen and this cannot be ascertained from a two-day slump.”

Ripple price chartCOINRAKING.COM

Ripple price: XRP has just pushed past the $1.60 mark

1.50pm: An overheated market drove the market crash, says finance expert

Thomas Bertani, CEO of crypto-wallet Eidoo, argued that the cryptocurrency crash was caused by unsustainable growth and not regulation threats in South Korea.

He said: “The biggest factor driving the current crypto crash is the market overheating. Bitcoin rose by over 200% from October to December 2017 as huge numbers of new investors poured cash into it.

“Other cryptocurrencies rose alongside bitcoin, and many market watchers argued that this created unsustainable bubble-like market conditions. The recent crash is just some of the air coming out of the bubble.”

Mr Bertani added: “The hypothesis of South Korea banning cryptocurrencies, more than a driving factor, is really just an excuse for the market to rest down for a little bit before continuing with its growth.”

1.15pm: Crypto price rebound is good news for investors, assures CryptoCompare founder

Charles Hater, founder of the popular CryptoCompare tracker website, said that the markets have corrected themselves after this week’s crash.

He said: “The market has been carnage and a lot of investors are starting to take a step back and breathe a sigh of relief as the price has stabilised.

“”Trading volumes were extraordinarily frenetic across the exchanges yesterday.

“The correction was expected and it has been a big one.”

Ripple prices on LiveCoinWatchLIVECOINWATCH

Ripple price LATEST: Analysts are arguing that the market is correcting itself after the crash

1.02pm: Visa hints at expanding into Ripple and bitcoin technology

A job opening at Visa suggests that the credit card gains is looking to expand its operations into Ripple and bitcoin.

Via posted on its career website: “We are working on Blockchain technology and want to add a highly motivated Engineer to our team in Foster City,CA. 

“We’re seeking a strong developer experienced with Ethereum and blockchain architecture to be a part of team tasked with building distributed application. 

“Our ideal candidate has built and released distributed applications, has worked with the Ripple, R3, Ethereum and/or Bitcoin blockchain, and has experience with Solidity.”

11.30am: Ripple rally breaks through $1.53

XRP is up 43.94 percent over the past 24 hours and has now hit the $1.50 price tag.

Bitcoin is also up by 12.67 percent and is trading at $11,634.50.

Ethereal has also joined in the rally and has picked up the pace at 14.58 percent, and has once again broken above $1,000 per token.

DailyFX contributor Nick Cawley said: “XRP currently trades around $1.40, a 60% gain on yesterday’s low trade.

“Looking ahead, the downtrend channel should remain in place as trader sentiment has been dented by this week’s heavy losses. 

“The upper bound of the channel is around $1.53 and this should provide initial resistance today, ahead of the 61.8% retracement level at $1.75.”

Ripple price charts from CoinMarketCapCOINMARKETCAP

Ripple price LATEST: The XRP token is on the mend after crashing on the markets this week

10.32am: This is not the end for cryptocurrencies, claims analyst

Iqbal Gandham, UK managing director at eToro, argued that virtual currencies are far from dying and the markets will correct themselves eventually.

He said: “This continued volatility does not mark the beginning of the end for cryptocurrencies.

“Many theories are circulating about the cause behind the fall, the but the reality is a correction in the market is to be expected given the rapid growth that cryptocurrencies have experienced in recent months.

“With more investors likely to enter the market, particularly now there are lower entry points, we should expect further  price volatility in the coming months.

“But you just have to compare the price of one Bitcoin now with its price a few months ago to see that the long-term trend is positive.”

9.34am The cryptocurrency crash is here, warns finance columnist

Taha Meli Arvas, a daily columnist at the Daily Sabah, is convinced that this week’s crash on the markets was “imminent”.

He wrote: “As governments begin to jump on the regulation bandwagon, these cryptocurrencies will soon be stripped of their most appealing aspects. 

“While the ledger-keeping advantages of blockchain technology will still be kept intact, the point at which the currencies are exchanged for traditional currencies will be regulated. 

“At this point, governments will know who is exchanging their cryptocurrencies for domestic currencies. As anonymity disappears, so too will the allure of cryptocurrencies.”

He added that the crypto bubble is eerily reminiscent of the 17th century “Dutch Tulip Mania” and f bitcoin crashes, it could become the biggest financial bubble in the history of bubbles.

9.02: Ripple is ‘the only crypto in the green’

While the crypto markets are reeling in the aftermaths of the steep crash, Ripple showed good signs of improvement, said FXEmpire contributor Bob Mason.

He said: “At the time of writing, bitcoin is down 3.19% to $10,833.89, sitting just above an intraday low $10,693, while easing back from an intraday high $11,823.56 hit in the early hours of this morning.

“Bitcoin Cash has also struggled this morning, down 1.69% to $1,712, giving up strong gains from earlier in the day, with Ripple being the only major crypto sitting in positive territory at the time of writing, up 1.51% to $1.32248, though Ripple had managed to splash through to $1.5 levels in the early hours.”

8.50am: Ripple rally leads the markets

XRP’s price has averaged a 19.72 growth rate over the past 24 hours at 8.50am, more than its main competitors bitcoin and Ethereum.

All three cryptos are now in the green after prices collapsed on Tuesday.

Dhwani Mehta of FXStreet said: “The crypto markets appear to have ignored the latest South Korean headline, citing that the South Korean regulator is said to consider shutting down all virtual currency exchanges. 

“Most industry veterans view the sell-off as a good buying opportunity while adding that the traders could still continue to trading the digital currencies by switching onto exchanges in the countries that haven’t banned the cryptocurrencies.

“Meanwhile, the cryptocurrency market cap also increased to $ 544 billion versus yesterday’s $503 billion. More than $200 billion has been wiped off the value of global cryptocurrencies over the last four trading sessions.”

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