david schwartz warned xrp will explode on june 1st xrp to 65 000 in a recent tweet
fintech giant ripple shared a video in which some of its i.t engineers shared
their experience working for a company that builds a global network of cross-border payments
welcome to the rich club channel if you like this video don't forget to like it and subscribe to the
channel do you think the analysts are right about xrp write the answers in the comments
giving away 500 xrp at the end of the week one random subscriber will receive xrp coins
take a look at the instructions in the comments section all you need to do is write the word xrp
watch the video to the end to like and subscribe the company's technical director david schwartz
mentioned that people often ask him how much cryptocurrency they need to have in order
to get a job at ripple he pointed out that it doesn't matter at all so the answer here is zero
even previous experience with blockchain or cryptocurrency is not so important discover
how our engineers are helping transform today's international payments system and more through
innovative crypto solutions according to david schwartz the ability to quickly acquire new skills
and constantly learn new things is much more important for ripple xrp the native coin for the
ripple network has been on a roller coaster ride since hitting an all-time high of three dollars
85 in january 2018 difficulties the price of the coin has fallen by about 80 compared to last year
according to the report xrp is trading at around zero dollars 385 after rising one 95
on the day nevertheless although this level can be described as dangerous given that the coin has
overcome the multi-year support of zero dollars for in general a lot is happening which suggests
that investors are confident that the price may soon come out of the woods according to sentiment
the xrp whales have been particularly busy with falling prices lately in a tweet this
week the analytics firm wrote xrp network whales owning from one to ten million dollars of xrp
collectively accumulated and now hold the highest percentage of the asset supply for two months
xrp whales in this category are the most active in the non-exchange holders category
and currently own six twelve percent of all coins in circulation this level of activity was also
reflected in the fact that xrp maintains a strong market capitalization currently xrp ranked sixth
with a market valuation of eighteen dollars six billion just behind bnb binance chain after the
fall of busd and cardano the positive effect of xrp may also be related to the fact that ripple
is doing more beyond the price factor in the last two years or so the ripple team has mainly been
creating products aimed at improving the network in the long term while simultaneously promoting
their first cross-border payment products in the first quarter of 2022 ripple's on demand liquidity
odl product for cross-border payments totaled 8 billion dollars compared to one billion dollars at
the same time last year in an interview with cnbc earlier this week ripple ceo brad garlinghouse
also hinted at a plan to explore the possibility of an initial public offering ipo after the end of
the lawsuit with the sec if this happens xrp could recover and start a steady bullish growth when the
major u.s exchanges register it at the moment xrp risks falling to zero dollars 33 if it loses
support at zero dollars 35 however the strong deviation on the daily candles over the past two
weeks along the zero dollars 38 level suggests a strong one which may slow down the sell-off
at least for now ripple co-founder jed mccaleb has sold more than 450 million xrp tokens this year
and according to xrp ledger explorer xrp scan there are about 220 million tokens left in his
taco stand wallet mccaleb is said to have started working on ripple back in 2011 and was part of
its founding team when the firm launched in 2013 although he left it in 2014 to work on stellar xlm
he received 8 billion xrp tokens for his work role in the development and foundation of opencoin
which was later renamed ripple the entrepreneur receives funds on a fixed schedule and has made
it clear through xrp talk a forum for investors and supporters of xrp that he plans to sell the
funds received since he has already donated part of the funds to charities such as give
directly the literacy bridge and others since then he has been selling xrp periodically this month
mccaleb sold about 464. 8 million xrp tokens which at the time of writing were worth more
than 181 million dollars the cryptocurrency is currently trading below zero dollars
40 after losing almost 60 percent of its value over the past 12 months amid a broader sell-off
in the cryptocurrency market it is worth noting that mccaleb's large sales of xrp continued
even after the cryptocurrency experienced a major sell-off due to a lawsuit by the u
s securities and exchange commission assisi against ripple labs last year the securities
and exchange commission said that ripple and two of its executives raised more than one dollar
three billion through an unregistered ongoing offering of digital asset securities on-chain
data showed that the whales in the xrp ledger registry having from one to ten million dollars of
xrp on their wallets quietly accumulated tokens to such an extent that their assets increased by two
four percent over the past eleven days and now on six twelve percent of the cryptocurrency supply
ripple the largest holder of xrp confirmed its intention to become carbon neutral by 2030 at the
end of last month over the past seven days the market has not been able to recover and at the
time of writing this article everything indicates that both xrp and bitcoin are likely to close the
red weekly candle for the ninth week in a row but without new lows for btc this is the first
time in the entire history of observations however the dominance of bitcoin in the market is growing
and now it is already 45. nine percent and this indicates that altcoins have suffered even more
recent months have been characterized by a high correlation of the cryptocurrency and stock market
now the cryptocurrency market has broken away from the stock market
but for the worse this week stock markets started to turn a little green the nasdaq composite stock
market index rose by three one percent and the cryptocurrency fell by three percent
investors remain scared and do not buy the cheaper coins because they believe that the fall is not
over yet the fear and greed index has been in the zone of extreme fear for more than three weeks
there are no factors for a significant growth of the global market there is no place to wait for
fundamental news on the cryptocurrency market itself in the current macroeconomic environment
with inflation and the threat of recession plus geopolitical tensions can give another round of
decline all investors dream of buying a coin at its bottom although numerous data confirm
that the cryptocurrency market is in a completely bear market there are signs that the exhaustion of
sellers may be reaching its limit and that the market is looking for a bottom where it will
eventually be found remains unknown but according to many experts and analysts several indicators
currently indicate a reliable level of support for bitcoin near the 20 000 level the maximum of 2017.
so according to glassnote after bitcoin fell below 30 thousand dollars in early may
network activity increased as more and more offers changed hands while the network was losing
value according to glassnode this phenomenon has historically signaled a great buying opportunity
mayor multiple a metric from blockwear solutions that compares the current market
price with a 200-day moving average currently shows approximately the lowest figures in the
entire history of observations this also indicates that the market may be in search of a bottom
in a note to its client stated may 25th jp morgan stated that the fall of bitcoin looks like a
capitulation and they expect a rally of bitcoin in the crypto market the bank's analysts believe that
the fair value of bitcoin is 38 000 dollars which is about 30 percent higher than the current level
the current price of x rp for today you can see yourself on the screens
and the trading volume for twenty four hours is one two nine four four three six zero six
five u s dollars we are updating our xrp price in us dollars in real time xrp has dropped four
eight percent in the last 24 hours do you think xrp will be able to win the court and restore its
former price write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel