XRP and Bitcoin are both cryptocurrencies, but they have significant differences in purpose, technology, and usage. Here’s a concise comparison: 1. Purpose - Bitcoin (BTC): Created as a decentralized digital currency for peer-to-peer transactions, Bitcoin aims to serve as a store of value and a medium of exchange. - XRP: Developed by Ripple Labs, XRP is primarily designed to facilitate fast and low-cost international money transfers. It acts as a bridge currency for cross-border payments. 2. Technology - Bitcoin: Built on a proof-of-work (PoW) consensus mechanism, which requires significant computational power and energy. Transactions are verified by miners. - XRP: Uses a consensus protocol, where transactions are validated by a network of independent validators, making the process faster and less energy-intensive than Bitcoin's mining. 3. Transaction Speed and Costs - Bitcoin: Transactions can take from a few minutes to over an hour, especially during peak times, with fees that can vary widely. - XRP: Transactions are confirmed in about 3-5 seconds, with transaction fees typically much lower than Bitcoin. 4.Supply and Distribution - Bitcoin: Has a capped supply of 21 million coins, which are distributed through mining. - XRP: Has a total supply of 100 billion XRP, which was pre-mined, and a portion is held by Ripple Labs. Some XRP is released periodically to manage supply. 5. Use Cases - Bitcoin: Considered 'digital gold,' used mainly for holding value and speculation. - XRP: Focused on financial institutions and payment service providers to facilitate quick and cheap cross-border transactions. 6. Decentralization - Bitcoin: Highly decentralized, with no central authority controlling it. - XRP: More centralized due to Ripple Labs' significant influence over the network and its governance. 7. Regulatory Environment - Bitcoin: Generally viewed positively by regulators worldwide. - XRP: Has faced legal scrutiny, notably from the SEC, questioning whether it should be classified as a security. Overall, while both are cryptocurrencies, Bitcoin is more widely recognized as a form of digital gold, while XRP focuses on enhancing the efficiency of global financial transactions. If you’d like more in-depth information on a specific aspect, feel free to ask! #BTC☀ #XRPGoal #BinanceSquareFamily #ETHETFsApproved #EarnFreeCrypto2024 $BTC
It recovers when the whales do not dominate the bottom.
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CryptoBeat
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🚨 Crypto Alert: XRP Takes a Dip! 🚨
- XRP price fell over 5% on Wednesday, wiping out Tuesday's gains post-RLUSD stablecoin launch. - Liquidations hit hard, with $15.19M in bullish positions closed, alongside $4.6M in shorts. - RLUSD enters a crowded stablecoin market, competing with giants like Tether and USD Coin. - Market jitters ahead of the Fed's interest rate decision add to the volatility. - XRP's future? Eyes on SEC's potential ETF approval and Ripple's IPO plans.
What do you think? Will XRP bounce back or continue its slide? Share your thoughts below! 💬
It was consolidated at 2.47 your theory is no longer valid
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Ezabaila guide
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Bullish
‼️ATTENTION ‼️📈📈 $XRP /USDT Never Give This Bullish Sign...🚀📈 Be Ready Guys ...
........................................................................................................... Never see this Bullish🐮 signals in the last 24 hours$XRP is currently trading at $2.5404,.The price hit a high of $2.7281 before pulling back slightly, now consolidating above key support at $2.6432.
Technical Overview: RSI: 50.73, showing neutral momentum. MACD: Bullish signals are fading, indicating some market indecision. Trade Plan: Entry: $2.550
Outlook: XRP's recent breakout brought strong gains, but momentum is currently so Bullish. If the price pushes above $2.7281, it could trigger another bullish move. On the other hand, if XRP fails to hold above $2.6432, it may see a short-term dip. Traders should keep an eye on volume and MACD for clearer signals before committing to new trades.DYOR #XRPGoal #XRPPumping #XRPatATH
You're kidding me, I still haven't reached 3 and you're already thinking about 30! Hahahahahha
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OUSSAMA ELH
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Now I will explain how to earn $30 per day from $XRP
How do you calculate profit when buying a digital currency?
For example, if you bought 100 units of $XRP XRP at $2.4 per unit, and then the price rose to $2.7 per unit, you can calculate your profit by looking at the difference between the price you bought it at and the price you can sell it at. In this case, the difference is $0.3 per unit.
Based on that, if you have 100 units of XRP, the profit will be multiplied by the number of units you own. If the unit has increased in value by $0.3, and the quantity you own is 100 units, the total profit will be $30.
It is important to remember that when calculating profit, you should take into account any fees that may be associated with the purchase or sale. There may be fees on the platform you use to trade or currency conversion fees, which may affect the net profit you make.
In summary, calculating the difference between the buy and sell price helps you know how much you will make from the trade, making it easier to make future trading decisions.
It is unknown, the market is so manipulated that we have to wait to see what Binance and Ripple do. They talk about decentralization, and this is super centralized.
Stop messing around, it's super manipulated. I'm still waiting for the 3 in December.
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koinmilyoner
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Bullish
XRP To Reach $5 In January, $10 Soon
X predicted on social media that XRP might reach $5 by 2024 and double digits by 2025. With December halfway over, the expert predicts a stunning XRP spike that will push it into new pricing zones in the next two to three weeks.
XRP is now trading at $2.5, thus it must double and rise 100% to fulfill my forecast. This predicted 100% growth is tiny compared to the XRP price's prior two months. November's 285% XRP price explosion to $1.93 is one example. Remember that the inflow required for a run to $5 at the present price would make the expected 100% growth more meaningful.
Reaching $5 would set new XRP all-time highs, since its current high is $3.4. The optimistic Cryptoinsightuk projection goes over $5 by year-end. The expert said XRP may reach double-digits between January and March next year. This would put XRP beyond $10, a major milestone for the cryptocurrency.
Poll Results Show Strong XRP Bullishness Less than $2, $2–$3.30, $3.30–$5, and more than $5 were polled. The findings showed a tight race across higher price ranges, although the community was positive on XRP.
Bears projected XRP under $2 with 8.3% of the vote. However, several respondents were more positive. 35.9% of participants bet on XRP trading between $2 and $3.30, while 30.2% projected $3.30 to $5. Notably, 25.6% of participants said XRP might top $5, indicating considerable confidence in a rise.
The $2 to $3.30 bracket garnered the most votes, although most crypto investors expect XRP to rise soon.
The main holders of XRP, the cryptocurrency issued by Ripple Labs, include both the company itself and various exchange platforms and unknown entities.
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Binance News
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U.S. Treasury Yields Fluctuate Amid Fed Rate Decision Anticipation
According to Odaily, U.S. Treasury yields experienced fluctuations ahead of the Federal Reserve's rate decision announcement. Initially, yields rose, but they later retreated following the release of economic data indicating a decline in new home construction both month-over-month and year-over-year. This downturn in housing starts contributed to the easing of Treasury yields.
Market expectations are currently leaning towards a 25 basis point rate cut by the Federal Reserve, with indications that rate hikes may be paused in January. This anticipation has added a hawkish tone to the market sentiment. As a result, the settlement price for the 10-year U.S. Treasury yield is poised to reach its highest level in over a month. The interplay between economic indicators and monetary policy expectations continues to shape the dynamics of the U.S. Treasury market.
The main holders of XRP, the cryptocurrency issued by Ripple Labs, include both the company itself and various exchange platforms and unknown entities. Below are the 10 largest holders of XRP:
In total, the top 10 holders of XRP accumulate more than 39% of the total token supply, while the top 100 hold more than 72%. This concentration suggests that a small number of entities control a significant portion of XRP, which could influence the volatility and price of the cryptocurrency.
Additionally, it has been recently observed that large investors, known as "whales," have accumulated approximately $1.29 billion in XRP, indicating confidence in the long-term potential of the cryptocurrency.
It is important to highlight that, although Ripple Labs and exchange platforms like Binance and Upbit are identifiable, some wallet addresses remain anonymous, adding a level of opacity regarding the exact distribution of XRP among investors.
Greetings to Croatia Comrade .... Tomorrow, December 19, XRP will be able to be locked and receive bills from the American government to generate yield. Greetings and stay tuned for the XRP scan.
Bro, with the marketing that the currency has, you won't be able to buy it in less than 2.5
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Wilfred Angleberger E07v
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I made a terrible mistake during a major correction a few days ago. I bought 80 XRP at $1.30 when the price peaked at $2.70. Suddenly, it dropped to $1.80, I panicked, and now I have to hope for another correction. There’s nothing I can do about it—I’m new and inexperienced, but we learn from our mistakes. My question is, how soon might we see a correction so I can catch this gem at least around $2.20 or lower if possible? #XRP $XRP