Ripple tested the key $0.2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0.2550 if it breaks $0.2420.

Ripple is revealing new insight on the company’s primary use case for the digital asset XRP. The company’s managing director for Southeast Asia, the Middle East and North Africa, Navin Gupta, says it won’t be long before countries begin launching their own digital currencies. However, he believes those digital forms of fiat currency will be used for domestic purposes.

In yet another milestone for the XRP Ledger [XRPL], an open finance hub called FinNexus has revealed its plans to leverage XRPL’s technology, according to a recent blog published on 17 January.

XRP-backed mobile crypto wallet BRD has recently launched a set of tools for building blockchain apps for enterprises. The new toolset is called Blockset, and it was announced yesterday, January 17th.

Ripple-backed MoneyGram is partnering with Lulu Exchange, an UAE-based exchange, to “help Lulu digitize its money transfer business and partner together to bring leading, consumer-centric capabilities to consumers in Oman and across the Asia-Pacific region.”

According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.

The crypto payments service BitPay is launching new support for XRP. BitPay co-founder Tony Gallippi confirms that users will be able to buy gift cards with XRP starting next week. Gallippi retweeted the news, which was first uncovered by a group of XRP enthusiasts.

A few hours ago, the Whale Alert Twitter account reported that somebody had transferred 45 million XRP ($10,737,513) from Bithump to a wallet with an unregistered owner. Some individuals in the crypto community reckon somebody is accumulating XRP.

Is Ripple centralized or decentralized? This question has been a widely debated ever since the company launched in 2012. Today, CTO David Schwartz has reaffirmed that the network is in fact decentralized and cannot block XRP transactions, despite what the rumors say.

We rarely make a big deal about crypto tech upgrades. We dissect them. We run them through our technology model. And we give you our objective analysis. Period.

FinNexus, a fintech company that’s developing an open-source finance protocol, says it plans to build a tokenized asset platform on the XRP Ledger.

The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360.

Ripple Labs is currently involved in a serious legal battle, as we have already reported. However, it doesn’t prevent the company from being rather positive about its future. And there are some grounds for it.

XRParrot, the Netherlands-based XRP-fiat gateway exchange for European customers will cease operations, citing new regulatory requirements. Even more sadly for the exchange, launched and run by Ripple developer, Wietse Wind, is that few seem to have noticed.

The altcoin market is fighting off Bitcoin’s dominance in the field as the “rest of the crypto market” started off on a bullish note. According to Coingecko, 13 of the top 15 cryptocurrencies in market capitalization soared by double digits in in the past week – only Bitcoin (8.2%) and Tezos (9%) did not break the threshold. XRP, the third largest crypto, soared over 10% in the past week, as the coin targets to break its bearish wedge channel resistance against its BTC pair.

A Redditor by the name reneveyj warned fellow XRP ledger users of a possible phishing attack on their accounts. Through a well-orchestrated plan, the XRPL users would become the victims of the attackers without their knowledge.

A crypto-focused exchange service captured a slice of the transaction volume between Mexico and the U.S. last year using XRP.

Cryptocurrency payment solution BitPay has added support for XRP to its wallet app on Tuesday, after first announcing its intent to do so in October 2019.

Earlier today, the price of Bitcoin (BTC) crashed by 7% as covered by this very outlet. Understandably, altcoins followed suit, with Ethereum, XRP, and all the rest posting losses that were similar to that of the cryptocurrency market’s leader.

One of the most “unpopular battles” in the crypto universe is definitely one of Ripple. The efforts of the company to prove that XRP isn’t a security became a prolonged battle.