Ripple price LIVE: XRP holding firm at $52.9BILLION - up 17% on Monday
RIPPLE’s price is holding relatively stable today, after XRP bounced back more than 17 percent on Monday’s low. Here is the latest Ripple news and live updates XRP, bitcoin and Ethereum.
Morgan Stanley CEO: Bitcoin is not going away, it's not a fad
Ripple’s signature XRP cryptocurrency has been hovering around the $1.35 mark since yesterday afternoon when the entire crypto market spiked.
The token dipped to a low $1.16 on Monday evening after it successful clawed back the losses made on January 18 when it plunged well below $1.
Ripple’s market capitalisation is now fluctuating between $52.5 and $53billion, according to CoinMarketCap.
Rivals bitcoin and Ethereum are putting in a similar performance today, staying around the $11,200 and $1,000 marks respectively.
The CoinMarketCap crypto tracker below shows XRP’s price and market cap value in real time. Click here to read our previous Ripple live updates.
Here are all the latest Ripple updates from CoinMarketCap, CoinDesk and leading crypto experts.
Thursday January 25
2.40am: Ripple given 'fair' rating by Weiss
Weiss Ratings have released the first high-profile cryptocurrency ratings saw Ripple earn a "fair" grade C.
Ethereum and Steem were given B ratings.
10.26pm: Ripple sets out 2018 vision
Ripple has said that 2018 will be a “pivotal” year for the cryptocurrency, as it expressed its vision for the first quarter.
Miguel Vias of Ripple said: “2018 is likely to be a pivotal year for the broader digital asset markets as a whole, as well as for XRP markets specifically.
“Q1 will be key to ensuring XRP’s liquidity eventually becomes more like that of existing foreign exchange markets and XRP achieves its goal of becoming the digital standard for international value transfer.”
9.27pm: Ripple commentary on its fourth quarter performance
In an article about XRP’s final quarter of 2017, Miguel Vias of Ripple wrote: “XRP markets ended the year with a statement — one that will likely be remembered as a defining milestone in XRP’s history.
“Though the beginning of the quarter was relatively quiet — with prices trading in a range between $0.203 and $0.30 — XRP began rallying on December 12 and continued moving upwards throughout the month.
“It quickly reached and exceeded dollar parity on December 21. From there it climbed higher, briefly touching $2.19 on December 30 before retracing somewhat and finishing the quarter at $1.91.
“This price appreciation represents an impressive quarter-over-quarter increase of 887 percent and a year-over-year gain of 29,631 percent.”
9.06pm: Ripple sold more than $90 million of XRP last quarter
Ripple dumped $91.6 million worth of it XRP tokens at the end of last year to take advantage of its phenomenal growth rate.
The company said in a financial statement: “XRP markets ended the year with a statement — one that will likely be remembered as a defining milestone in XRP's history.”
Ripple is thought to own about 60 percent of the world’s XRP.
8.32pm: Arsenal jump on the cryptocurrency bandwagon
Arsenal Football Club is entering the cryptocurrency world after signing a deal to promote new digital tokens being sold by an American gaming software company.
California-based CashBet said on Wednesday the Premier League club had agreed to become its "exclusive and official Blockchain Partner" ahead of the upcoming "initial coin offering" (ICO) of its new cryptocurrency, "CashBet Coin".
The partnership makes Arsenal "the first major team in world football to officially partner with a cryptocurrency", CashBet said in a statement.
Arsenal's Chief Commercial Officer, Vinai Venkatesham, said the North London club was "looking forward to working with CashBet Coin as they launch their new cryptocurrency".
Read more: ARSENAL SIGNS CRYPTOCURRENCY DEAL
8pm: Ripple announces deals with new Global payment providers
XRP has announced partnerships with IDT Corporation and MercuryFX, after both firms expressed an interest in using Ripple’s xRapid service.
Ripple boasts its xRapid service allows money to be sent anywhere in the world cheaply and quickly.
Transactions that would take a traditional bank days to complete can be carried out almost instantly, according to Ripple CEO Brad Garlinghouse.
He said: “It’s no secret that XRP is faster and more efficient than bitcoin or any other digital asset. It settles in three seconds and at fractions of a penny.”
“Payment providers like IDT Corporation and MercuryFX are early movers because they understand what XRP can do for their business and customer experience.
“We’re excited to have them at the forefront of the Internet of Value.”
Read more: RIPPLE ANNOUNCES PARTNERSHIPS WITH IDT AND MERCURYFX