Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Ripple (XRP): Price Update, Recent Developments, Future Events, Community

CryptocurrencyAug 28, 2021 12:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Ripple (XRP): Price Update, Recent Developments, Future Events, Community

  • Cross-border blockchain payment solution, Ripple, has been taking the heat as the prolonged lawsuit with the SEC is affecting its price.
  • Ripple, the company behind XRP, is known for its innovation, making transactions faster with records done on XRPL every 3-5 seconds.
  • Ripple is set to launch smart contracts like Cardano on its XRPL, XRP Ledger, and its plans to go public are still in sight.
  • The community behind XRP. has been the pillar of the coin and there is a clear roadmap for more participation.

Ripple (XRP) was launched in 2012 with 100 billion XRP tokens mined and 46 billion in circulation. XRP was designed to facilitate and enhance global cross-border payments.

Traditional payment systems have helped economic development but these companies were limited, highlighting the need for an advanced payment solution.

Ripple is the company responsible for the creation and marketing of XRP. It has created a system for money to be moved around the world without barriers, improving financial institutions’ ability to expand into new markets.

What is Affecting the Price of XRP?

Ripple (XRP) was launched as an alternative to Bitcoin. For a period, XRP lived up to expectations as an altcoin and even challenged Ethereum for the second spot in 2017 and 2018.

With its utility and adoption as a cross-border payment solution, the price of XRP. is supposed to be much higher than it is presently.

Five day price chart of Ripple (XRP). Source

Currently trading at $1.15, XRP should have performed better given its development this year. However, two main factors have affected the price of XRP.

The main reason is its prolonged legal battle with the SEC, which has led to reduced media coverage of its developments. The second reason is the continued sale of XRP coins by Jed McCaleb.

Recent Development and Future Events

Since the launch of XRP, Ripple has been an innovative company. The project has always looked for ways to stay ahead of every competition. For example, XRP partnered with MoneyGram allowing MoneyGram to use Ripple’s solution for decision-making.

This year, Ripple has been on several partnerships improving its Asian dominance, especially the Japanese remittance deal. In addition, Ripple plans to add a smart contract feature to XRPL.

Smart contracts are essential for blockchains and their addition to the XRP Ledger is a step in the right direction for the company. The company has also revealed plans to go public after the conclusion of the lawsuit with the SEC

On The Flipside

  • Competition from Stellar amid Ripple’s current troubles is bad for its progress.
  • XRP adding smart contracts will increase its price even though the lawsuit with the SEC continues

Ripple (XRP) Price: Technical Analysis

XRP suffered a significant correction in July, seeing the coin trade as low as $0.5179 on the 20th. However, XRP picked up the pace, amassing gains of 160% in the next 26 days. The coin reached a peak of $1.35 on the 15th of August.

The daily chart of XRP showing the sharp rise from Jul 20’s low: Source Binance

The daily chart shows a mixed picture for XRP. Ripple has been unable to break out of the highs it registered ten days ago, suggesting that it is trapped in between strong support below and robust trend line resistance above.

The 4H chart of XRP: Source Binance

The 4H chart of XRP paints the same picture. After several attempts to break above $1.200, if XRP succeeds, we could see it retest the $1.3 of two days ago. If that is the case, XRP could make a possible move as high as $1.3950 before retracing. Closing below $1.1000 may well force the price of XRP to go as low as the 200-day moving average at $0.8080.

After a blistering bull run, the price of XRP is correcting, much like the entire crypto market. XRP now trades at $1.15. Currently, XRP. is ranked 6th by CoinMarketCap with a market capitalization of $52,190,220,191.


XRP is a community-based coin with decentralized governance. The community and Ripple are involved in the decision making process to the point where Ripple itself is considered part of the community.

Users maintain the XRP Ledger, individual validator nodes approve transactions for the ledger with participants getting rewarded.

RippleNet consists of leading financial institutions that govern it democratically to improve the platform.

Although XRP hasn’t lived up to expectations, DailyCoin found some believers in the project still positive about the future of the Ripple. A Twitter (NYSE:TWTR) user going by the moniker JackTheRippler wrote;

“Investing in # XRP. is like investing in Amazon (NASDAQ:AMZN) back in the '90s.” Others are still unsure about XRP. until the SEC case is settled. In reply, Still J.U.L.E.S who wrote;

“I don't know if you guys see it, but I think I do. So, I'm calling it - we'll be breaking A.T.H. in weeks. # XRP.” Cryptoarya123 replied;

“Are you blind or something? Xrp price won't go that high unless sec settlement. Without settlement, i don’t expect much price action like others do.” There has been a largely mixed reaction about the performance of XRP since the SEC lawsuit. While a faction is cheering on XRP to new highs, the other half cannot wait until the SEC case is resolved.

Why You Should Care?

Smart Contracts have always led to mass adoption because of decentralized applications brought to the system. The addition of smart contracts on XRPL is a good reason you should board the Ripple train now. Furthermore, Ripple will likely go public after the SEC case, meaning that XRP still has more to offer.


Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Ripple (XRP): Price Update, Recent Developments, Future Events, Community

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email