Ripou's bullfighting (XRP) is coming
Ripou could be on the verge of a big bullfight. According to some analysts who follow the cryptocurrency market, this could be the biggest run the digital currency has experienced in years.
Analysts are noticing that XRP has improved considerably for most indications, altcoin could be gearing up for a rise says.
XRP becomes a viable competitor when it comes to bitcoin, the world's first and largest cryptography. While BTC has been around for much longer and with much greater value, XRP can claim to have performed remarkably well despite the Ripou v. SEC lawsuit.
XRP is superior to BTC in many ways, as coin makers are more looking to make their blockchains more trafficked. The XRP protocol's consensus algorithm can handle up to 1,500 transactions and scale up to 50,000 per second. BTC is only able to facilitate three to six transactions per second.
XRP drilling is said to be 90,000 times cleaner than bitcoin mining, which consumes exorbitant amounts of energy. Things could improve very soon on that front, however, as China hampers miners, greener options are emerging.
Analysts say that if the XRP price stays above the $0.50 support for the next few weeks, Ripou could rise above its historic high.
Very likely that a deal with the SEC will be reached, and this could trigger a major bullfight.