Trade XRP/USD

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    1. Regardless of the bad publicity that Ripple might be piling up due to not following the steps of many of their sister cryptocurrencies, it has raised to the top5. Something that indeed shares with the rest of Cryptos is that it is highly volatile, and it might hit double digits in a single day. This makes of the XRP/USD a great instrument for day traders. 2. Due to its differences when compared to other Cryptos, some of the factors that will affect the cryptocurrency ?s price will differ from those of Bitcoin and Ethereum. In that case, the pair XRP/USD is a great addition to diversify the portfolio.
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This pair essentially represents how many XRP (ticker symbol to Ripple's cryptocurrency) is worth against the USD. Ripple was created in 2012 in an American technology company walled Ripple Labs which developed the Ripple payment protocol and its exchange network.Unlike most of the cryptocurrencies known to date, Ripple is the only one that might not be considered a proper cryptocurrency. As we all know by now, some of the main advantages and reasons why cryptocurrency was created was the fact of it being a decentralised blockchain-base currency that could be mined. Well, Ripple is neither decentralised, nor backed up by the traditional blockchain, and it also cannot be mined. As one of the most traded crypto-fiat pairs it will be affected by the latest US news, political factors and policy changes. Its current price is at $0.379.

1. One main problem that the XRP/USD might be facing, is the monopoly of XRP by its parent company, Ripple Labs. This is considered antithetical to the standard principles of any cryptocurrency. If this unpopular opinion was to spread, it might impact XRP and XRP/USD. 2. In May 2019 the largest Thai bank, Siam Commercial Bank (SCB) hinted that they are going to use Ripple (XRP) tokens. If this was to happen it would boost XRP price, and the pair XRP/USD would skyrocket.

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