Ripple News: Ripple (XRP), the third largest virtual currency by market cap, is in the red zone Tuesday. The coin can’t take it too much to heart, though. Most of the top-ten coins are in the same position.
That doesn’t mean Ripple doesn’t have exciting things going on, though. Especially this week, considering everything that’s going on at NYC Blockchain Week and Consensus 2018. Before we get into Tuesday’s Ripple news, however, we are going to need to look at XRP’s daily chart.
Ripple (XRP) Daily Chart
Ripple (XRP) is currently selling for $0.721250. This puts XRP down 3.48% in the past twenty-four hours.
Source: CoinMarketCap[1]
As of right now, Ripple (XRP) has a market capitalization of $28.27 billion. It is ranked below Ethereum (ETH) – which is also currently down – and ahead of Bitcoin Cash (BCH). BCH is also down in the past twenty-four hours.
Ripple News | May 15, 2018
Despite XRP being in the red on the crypto markets, there’s been some exciting Ripple news that has surfaced over the past twenty-four hours.
First, let’s start with the obvious: Ripple just announced a brand new initiative, one that is aimed at expanding the use of Ripple (XRP). The project also targets entrepreneurs, and it is called Xpring. It has offered support to various well-known figures, such as Scooter Braun.
Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D[2][3][4][5][6][7]
— Ripple (@Ripple) May 14, 2018[8]
