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Ripple (XRP) Price Goes Down by 90%

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Ripple

Recent price correction has been hard on a lot of cryptos. However, while most of them are showing signs of recovery, Ripple (XRP) continues to struggle in the red.

Ripple (XRP) losses reach 90%

After days of price drops, a lot of cryptos have seemingly entered another period of recovery, however brief it may turn out to be. However, while the majority of the top 20 cryptos got a well-deserved break, Ripple (XRP) doesn’t seem to be so lucky, and it actually continues to remain quite weak. XRP/USD is down by 0.50% in the previous 24 hours, which might mean that Ripple is only late, and the price correction seems to be slowing down.

However, the correction has been extremely hard on Ripple, and its extended nature took up to 90% of the crypto’s value. This puts XRP among the worst-performing coins of the year, and that is saying a lot considering how bad this year has been for cryptos, in general.

Ripple’ trading volume is down to a little over $188 million, which is a new low for this coin. However, the number of the coin’s supporters still remains the same, and a lot of them remain positive regarding the coin’s future. For now, however, that future will have to wait, as Ripple has yet to go through with the process of price correction.

Experts claim that Ripple’s price will continue to drop until the coin finds a bottom or the lowest possible worth that it can have. While all of this seems to be pretty bad for Ripple, many actually see it as a positive progress. While the price is going down, this is seen as an opportunity to see what Ripple’s bottom is like. In the long run, the coin’s price can easily jump back up, as seen with numerous other coins times and times again. After all, Ripple cannot reach new heights without first exploring its deepest lows.

The good thing is that Ripple holders are still holding on to their coins, even as price continues to drop. It is believed that these investors still hold XRP in high regard and that they believe that the coin will pull its own weight when the time comes. After all, XRP’s behavior has been proven to follow a certain cycle, and when the time comes and its price spikes up again, many are confident that it might even go as high as $5 per coin.

Ripple has had some big setbacks

Ripple has suffered a lot of setbacks recently, even if this year has been quite successful in other aspects. One of its biggest disappointments was the fact that Coinbase decided to add Ethereum Classic (ETC) instead of XRP, as everyone expected. And while Ripple’s partnership with Western Union was originally seen as a big deal, the company’s CEO stated that the use of Ripple’s products is not making almost any difference.

Despite all of these setbacks, Ripple managed to remain relevant and to keep its supporters. Recently, it also received support from Madonna, as well as Bill Clinton. However, while Ripple (the company) received a significant amount of credibility thanks to this support, Ripple (the cryptocurrency) did not really benefit from the support at all. Many believe that this won’t happen until Ripple’s products become the main method of sending money for a significant financial institution, or institutions.

Fundamentally speaking, Ripple might be appearing uncertain. However, this is clearly not the case if we take a look at technical details. For example, XRP/BTC tells a completely different story, especially now when Ripple’s price against Bitcoin has completed its correction. The next few weeks are expected to see Ripple rise against Bitcoin, but there is still a question of how will this affect the XRP/USD situation.

Many believe that Ripple will soon find its bottom and that this will be followed by the largest price spike that XRP has experienced so far. While there are still positive developments regarding the coin, and it is known to be moving in cycles, it is everyone’s hope that the things will move for the better sooner, rather than later.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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