CoinWrath
  • News
    • Bitcoin News
    • Altcoin News
    • Regulations
  • Contact
  • Disclaimer
No Result
View All Result
CoinWrath
  • News
    • Bitcoin News
    • Altcoin News
    • Regulations
  • Contact
  • Disclaimer
No Result
View All Result
No Result
View All Result
CoinWrath
Home Altcoins

XRP Ledger Sets New Daily Transaction Record

Ash Bonga by Ash Bonga
November 25, 2019
in Altcoins
0
0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

Ripple’s CEO, Brad Garlinghouse recently claimed that 2019 had been the firm’s strongest year, to date. The blockchain payments firm’s RippleNet platform now boasts a client base over 300 global financial firms strong. Ripple counts international remittances firm, MoneyGram, as wells as banking giant, Santander among its customers. Puncuating Ripple’s good run of 2019, on November 23rd, the firm’s XRP ledger processed a record 4 million transactions.

Shattering a previous record of 1.7 million transactions, set back in January, Ripple has outperformed the transaction records of rival digital assets, Bitcoin, Ethereum, Litecoin and BitcoinCash. All of which have yet to cross the 1 million transactions mark.

“$XRP Ledger Transactions Hit All-Time High, Blast Ahead of Bitcoin, Ethereum, Bitcoin Cash and Litecoin. pic.twitter.com/EJS6capeC6” – tweeted, @CryptoWelson, 24 November 2019

This news, unfortunately, coincided with a bearish trend in crypto markets and failed to spur an upswing in XRP prices. The XRP ledger’s liquidity token, has beenlanguishing in the sub- $0.30 price doldrums for a number of months now, and fell to about $0.26 on the 22nd of November (a low last seen in 2017). XRP traded at a high of $0.29 on November 24th, to a low of about $0.22 (at time of writing)

Social Media price predictions for the digital asset have been rather bearish, despite the XRP community bustling with positive outlooks regarding the firm’s, as well as the coin’s, future performance. A Twitter user and digital asset trader, DonAlt, even went as far as predicting a drop to the $0.19 price level.

“$XRP update:$0.30 was quite important, let’s hope $0.19 will be as well. The price action on XRPUSD is uncannily technical. pic.twitter.com/gJyzZeRYbm” — tweeted @CryptoDonAlt, November 22, 2019

Price forecast agency 30Rates also predicts that XRP’s price will take a battering in the week to come. Factors like continued bearish momentum playing havoc on crypto markets, coupled with the crypto community’s continued distrust of a firm that believes in working hand-in-hand with the established financial system – which cryptocurrency is meant to be against – may play a role in a continued slide.

Tags: ledgertransaction recordXRP

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Q3's Top Crypto Exchange's, According To Crypto Compare Exchange Benchmark.

Next Post

University Study Finds Lightning Network Economically Unviable

Related Posts

Ethereum's Instanbul Upgrade: A Concise Breakdown
Altcoins

Ethereum’s Instanbul Upgrade: A Concise Breakdown

December 8, 2019
Altcoins

Ripple Releases A Billion XRP From Escrow, Prompting Fears Of Bearish Price Action

December 1, 2019
Adoption

African Countries Ranked Among The Biggest Global Crypto Markets

December 1, 2019
China’s War on Crypto Trading Claims Five Victims
Regulations

China’s War on Crypto Trading Claims Five Victims

November 29, 2019
Load More
Next Post

University Study Finds Lightning Network Economically Unviable

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • News
  • Contact
  • Disclaimer

© 2019 CoinWrath - Cryptocurrency News

No Result
View All Result
  • News
    • Bitcoin News
    • Altcoin News
    • Regulations
  • Contact
  • Disclaimer

© 2019 CoinWrath - Cryptocurrency News

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok