January 6, 2018. Market Review. Results of the Day. Facts About Ripple!
January 6, 2018
- $1 billion market cap of Dogecoin worries the creator of this parody cryptocurrency.
- Royal Bank of Scotland refused to service Gibraltar blockchain accounts.
- Cryptocurrency exchanges in India will pay $1 billion in taxes.
- Three of the world's five largest money transfer companies will implement Ripple this year.
A few facts about Ripple:
The main function of Ripple is to be a medium of exchange for cross-border payments.
Today Ripple is used by more than 100 financial companies around the world.
The average transaction cost is a hundredths of a cent.
More than 1500 transactions are processed in 1 second.
Speed of a transaction is 4 seconds.
On January 2 a transaction of 1 billion coins was made.
Ripple wallets are paid and one must have at least 20 XRP on the balance.
BTC 16 600 $
ETH $ 1,006
XRP 2.71 $
BCH 2,618 $
Biggest gainers (24h):
Litecoin + 16.3%
Bitcoin Cash + 7.5%
Ripple + 5.9%
Today all major cryptocurrencies are green.
Trading volume fell by 10-40%.
The number of transactions slightly decreased.
BTC has secured above $16,000 and at the moment forms a continuation pattern. Support level is $16,000. Resistance level is $17,000. The goal in case of a breakout of the resistance level is $19,000.
XRP forms a continuation pattern in a short-term falling trend. We expect the price to continue to decline to a support level of $2.4 and to a further level of $2.2. The final goal of this correction is $1.6. The fact that today's growth took place on falling volumes only confirms the weakness of XRP and allows us to remain confident in a short position. Cancellation of the scenario: growth of a price and securing above the resistance level of $2.8.