Ripple news: It’s not looking great on the crypto market this Monday morning. Bitcoin (BTC) has fallen below the $8,000 mark and is chugging along to the critical $7,000 handle. Meanwhile, coins like Ripple (XRP) are following a similar pattern.
What’s going on with Ripple, though? Is there specific Ripple news causing the coin to be in the red? Or, is the XRP price just following the overall market decline? Let’s see what we can find out.
Ripple News | XRP Price
Ripple (XRP) is currently selling for $0.579943. This puts the coin down 4.55% in the past twenty-four hours. An unfortunate way to start the week, but hey, at least Ripple (XRP) is still the third largest digital currency by market cap.
Ripple News | The Latest
There is positive Ripple news floating around the crypto space this week, so it’s likely XRP is down today because the majority of the market is. On Friday, Propy, Inc. announced that it added Ripple (XRP) as one of its accepted virtual currencies. The others include Bitcoin and Ethereum. Essentially this means individuals are now able to purchase land in California using XRP. Cool, right?
Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy: https://t.co/ZuM4gBEdk2
— Propy (@PropyInc) May 25, 2018
Ripple was just as excited about the news, tweeting that there are new cases emerging every day for Ripple. This is true, considering it was only last week we heard that Ashton Kutcher and Ripple had teamed up, and donated $4M to Ellen DeGeneres wildlife fund.
— Ripple (@Ripple) May 25, 2018
Ripple in the Long Run
Moving forward, many want to know the direction Ripple (XRP) will be heading in. It’s hard to say, as there are both good and bad things centered around Ripple right now. Those that are involved with Ripple truly believe it has the potential to revolutionize the world, while others continue to question certain aspects of the institution.
Specifically, the world is unsure of the role Ripple Lab’s play in the performance of the coin. Moreover, we have yet to see the outcome of the lawsuit that is currently looking into whether XRP is a security or not. But, the fact remains that XRP has proven to have practical value in a space that is not digital. Plus, Ripple Labs is doing some major things for the crypto space, such as creating the xRapid and the new Xpring initiative.
The Ripple News Takeaway
The crypto market is always changing, and things are always being announced. So, while the future of Ripple (XRP) is not set in stone, it’s important that we don’t lose interest, and that we keep an eye on the coin and Ripple Labs.
Check back in later this week to see if there is anymore Ripple news to report!
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