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Bitcoin&XRP(Ripple) Analysis/23.02.22-Right perspective

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Written by   31
7 months ago
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Hello my friends.

I think we are in better shape than yesterday.I'm not saying we are in very good shape, don't get me wrong :) just yesterday was a scarier day..

Our support levels have worked well, which is good news.

Let's Start with Bitcoin

Market Cap
$717,816,252,211

Currently Price
$37,817.38

https://coinmarketcap.com/currencies/bitcoin/

Bitcoin 4H

Do you see our blue support zone??
Price got support where it should be.We can see good rises with good news from russia.. I hope.


Next is XRP(Ripple)

Market Cap
$33,974,339,722

Currently Price
$0.7078

https://coinmarketcap.com/currencies/xrp/

XRP H


I'm positive for this coin for some reason:) It looks very nice.we have to pass level 0.75-0.76 fast...but all conditions will be broken if the war continues..



I want to give some information about XRP(Ripple).
What Is XRP?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

How Does XRP Work?

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.

How Do You Store XRP?

You can either store your XRP on an exchange, where the exchange is responsible for the safety of your asset, or store your XRP in a cold or hot wallet.

source: https://coinmarketcap.com/currencies/xrp/

Btw I'm thinking of increasing the analysis of altcoins day by day.

Those were my market comments today, thank you for reading.

See you again soon. I will be here after this.
Respects.

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Comments

My dear friend, I also hope that the situation is improving and that good news is coming in the future days. Thanks for the today analysis.

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7 months ago

Thanks for the info of the XRP. Enjoy your day and God bless

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