Cryptocurrency XRP is leading price increase as Ripple looks to new launch

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We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class. Especially, with the increasing demand by Ripple's enthusiasts. All of the lawsuits that were filed against Ripple Lab claim that XRP is a security.

Remarkably, since September 18, Ripple's trading volume has skyrocketed from a range of $200 million to $300 million to more $ 4.7 billion, more than 15-fold. Can McCaleb Go Against Ripple? This inference was drawn by reading between the lines of a segment of CNBC's Fast Money that's set to feature Ripple CEO Brad Garlinghouse and Coinbase President Asiff Hirji in what appears to be a panel discussion on cryptocurrency trends.

"I am very confident that in the next month or so, you will see some good news coming in where we launch the product live into production."
Asian exchanges dominated headlines; Zaif exchange suffered a $60 million hack and Binance opened beta for its Singapore exchange and announced plans to open 5 - 10 crypto to fiat exchanges by this time next year. For now, Treasury Management will only be accepting inbound transactions using the product. How exactly does it work?

IG Retail Sentimentshows that traders are 93.7% net-long of Ripple - a bearish contrarian signal - but recent daily and monthly changes give us a mixed trading bias. Now the questions arise what Ripple xRapid is and why this product is going to make nervous other cryptocurrencies.

Ripple has managed to secure a network of approximately 120 financial partners, including Western Union, Santander and MoneyGram. The founder of Stellar, Jed McCaleb, is also the ex-founder of Ripple. At any rate, Ripple's avant-garde financial technology outpaces its competitors in terms of effective down payments costs, processing fees, and transparency, ensuring expeditious transactions across the globe. However, Ripple then answered that the sample was quite small to see a difference.

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xRapid is already being tested by SBI holdings and several other financial institutions, which hints that Ripple is ready for their next biggest product that should come out during the next month or at the beginning of November, also indicating that XRP might be heading to the moon. But an announcement by Coinbase to "rapidly list more coins" has boosted XRP prices rapidly.

Ed Cooper, an Executive from Revolut, when discussing XRP's latest developments said that the sharp rise was driven by the sentiments from Ripple's announcement and it may not last seeing the bearish state of the tokens in the crypto markets.

Sarghai thinks that regulations helped the way the crypto market improved.

Cryptocurrencies performed strongly last week, with some of them seeing a dramatic rallies. Within the past 24 hours, the volume of the dominant cryptocurrencies has dropped by more than 20 percent.