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, it’s just on my 📱 or on others too?? 🤣
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What is XRP? answer for newbies and all XRP is a digital currency created by a company called Ripple Labs. It's designed to help people send money across the world quickly and at a lower cost compared to traditional methods like bank wires. How does it work? Imagine you want to send money from the United States to a friend in Japan. With traditional methods, this can take days or even weeks. XRP is like a special tool that helps speed up this process, allowing the money to be transferred in just a few seconds. What's the difference between XRP and Bitcoin? Bitcoin is a type of cryptocurrency that is mined by individuals using powerful computers. XRP, on the other hand, was pre-created by Ripple Labs and has a total supply of 100 billion tokens. Ripple Labs controls a significant portion of these tokens, which allows them to manage how they're released into the market. What is a bridge currency? A bridge currency is a type of currency that helps convert one type of money into another smoothly. In the case of XRP, it's like a bridge that helps connect different currencies, making it easier to send money across the world. Key points to remember: XRP is a digital currency designed for fast and cheap international transactions.It's pre-created and controlled by Ripple Labs.It's not meant to replace traditional currencies, but rather to speed up the process of sending money globally. #Write2Earn #fornewbies #Xrp🔥🔥 $XRP
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XRP’s Next Possible Move. According to crypto news site cryptopotato. The cryptocurrency market experienced a resurgence today (May 13), with numerous digital assets entering green territory. For instance, Bitcoin (BTC) briefly exceeded the $63,000 level, whereas Ethereum (ETH) neared the $3K mark. Ripple’s XRP lagged behind the leaders, registering little-to-no volatility and maintaining its $0.50 level. Numerous analysts, though, believe the asset is yet to witness a rapid price revival. One example is the X user EGRAG CRYPTO, who praised XRP’s recent consolidation and suggested it will soon be replaced by a bull run: “XRP is holding strong LIKE A BOSS. The Launching Channel features partial wicking candles, with the top end showing an ascending consolidation, indicating Bullish strength.” The analyst predicted that the token remains poised to skyrocket to $6.40 in the following months as long as it keeps trading above the $0.49 resistance level. CrediBULL Crypto chipped in, too, arguing that XRP’s potential price ascent in the future partially depends on Bitcoin. In their view, a BTC spike towards $69-70K could be one factor fueling a rally for Ripple’s native token: “If BTC bounces soon as expected, let’s see how strong the reaction on XRP is. If it’s strong enough to get us back above .64, then that is a very good sign.” Some Previous Forecasts Other analysts who envisioned an XRP rally in the near future are David Watt and Crypto Tony. The former assumed the asset’s price could climb to $0.56 in the next few days. Crypto Tony was even more bullish, predicting a bull run once XRP reclaims the major support zone of $0.67. Recall that the last time it reached that level was in mid-March. Many industry participants believe the ongoing lawsuit between Ripple and the US SEC is the main obstacle standing in the way of an XRP rally. Those curious to learn the specifics of the case and its possible impact on the token’s value.
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