Ripple initiates a transfer amounting to 522 million XRP; Bitcoin vs USD battle heats up – OBN

Whale watchers took note as XRP’s parent organization [responsible for the periodic dump involving escrow funds] carried out a transfer worth $132.4 million. The receiver’s identity hasn’t been verified yet. Some believe that this may be attributed to an OTC sale order.

Ripple still has ownership over the majority of XRP coins. Brad Garlinghouse claims that XRP is already the standard. But centralization and being backed by financial corporations should certainly not be the ideal example of a cryptocurrency. Then again, the XRPArmy firmly believes that this asset differs a lot from Bitcoin- this at least is a fact.

Till now, XRP has been one of the worst performers in the market. HODLers may still have faith in the network, but for how long? One cannot possibly wait for their pockets to run dry right? None of the executives care about the tech; their chief focus involves XRP sales.

XRP is ranked at #3 on coinmarketcap. The price surged at a rate of 1.36% in the course of the past 24-hours. The trading volume recorded is $1.167 billion, while the supply has 42,932,866,967 XRP coins in play. As of this instant, the total market cap of XRP is $10.966 billion. For now, XRP is priced at $0.255436.

Gold has breached the $1,530 mark, bringing it up to a new high. This achievement is cause for celebration for thousands of investors. Bitcoin is well on its way to becoming a replacement of the USD as a global reserve. Both the Pound and the Dollar is heading downwards, and BTC keeps prancing forward crushing all opposing forces.



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