Ripple

In October 2019, Bitcoin, Ethereum, Ripple, Monero, and many other cryptocurrencies on coinmarketcap show bearish trends. However, cryptocurrency investors have no time to wait till the market rise again.

The XRP/USD pair continues to battle the $0.30 overhead resistance. The bearish trend may resume if the price fails to breach the resistance level.

Ripple (XRP) Price Analysis: The XRP price attempts to break the $0.30 resistance level for the second time in less than a month. The XRP/USD pair is in the bullish trend zone as the coin resumes its upward move.

The Ripple cryptocurrency (XRP) is presumed to have reversed as its price rebounds recently at the bottom. Previously, the world cryptocurrency market was making a series of lower highs and lower lows. Today, October 10, 2019, XRP's price is attempting to break the $0.29 and $0.32 supply zones.

Giant electronic payment system provider to offer users of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and other digital assets in the Philippines the ability to purchase cryptocurrencies at around 6,000 retail stores in different parts of the republic.

According to a recent study conducted in May 2019, it is clear that the number of people ready to invest in cryptocurrencies including Bitcoin, Libra, Ether, Ripple, etc. is growing rapidly. Since last year, the digital asset market has soared by over 45%, and if the trend remains like this, the American cryptoasset market is expected to expand further in the next one year.

Cloud mining provides an established system to mine a digital asset like Bitcoin, Ethereum, Ripple, etc. without installing all the hardware and other necessary equipment. There are some firms which enable people to create accounts with them and go ahead to take part in the practice of mining for a simple cost. The practice enables the process to be globally accessible by massive participants. There are so far 3 models including hosted, virtual host and leased hashing power.

It is not ‘unreasonable’ for businesses and networks to develop, promote and use their own tokens and cryptocurrencies. Many Initial Coin Offerings (ICOs) have been questioning whether or not a network needs its own cryptocurrency (token). The networks want to replace Bitcoin, Ethereum, Ripple and other major coins with their own tokens.

A report by the Financial Intelligence Unit (UIF) of the central Bank of Italy shows that the recycling alert on Bitcoin, Ether, Ripple and other major cryptocurrencies is greatly increasing. The report largely focused on the suspicious transactions carried out between 2017 and 2018, and found out that they soared by around 208 to 499 – which is 140% in terms of percentage. The report of suspicious transactions mainly talks about transactions for the buying or sale of digital currencies.