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Ripple’s XRP is behind numerous innovations — David Schwartz

Ripple’s XRP is behind numerous innovations — David Schwartz
Tanya AbrosimovaTanya AbrosimovaIndependent Analyst
  • Ripple’s CTO says XRP has brought a lot of innovative solutions.
  • XRP/USD has extended the recovery above $0.3000.

Ripple’s CTO David Schwartz named the innovations related to XRP during the Twitter conversation with Blockstream’s CEO Adam Back. Namely, he mentioned decentralized exchange (DEX), invariant checking and the fact that new keys can be issue receiving addresses. Also, XRP appears to be the first cryptocurrency that can be forked without the proof-of-work (PoW).

However, Adam Back was not impressed:

@JoelKatz you were waxing poetic about innovation. Explain that, lols: Jed and ripple dumping on retail insane amounts per day. The only puzzling things are a) why are retail so stupid to keep buying XRP, and b) why the SEC hasn't shut it down with prejudice already. "Innovation"

XRP/USD: Technical picture

At the time of writing, XRP/USD is changing hands at $0.3040 with marginal changes both on a day-to-day basis and since the beginning of the day. The local resistance is created by $0.3100. Once it is out of the way, the upside is likely to gain traction with the next focus on $0.3250, the highest level since August. On the downside, the local support is created by $0.3000.  The next barrier comes at the correction low of $0.2900.

XRP/USD daily chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

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