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Ripple Could Be Doing Massive Rebranding While Community Argues about 1 Bln XRP Release from Escrow

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    The Ripple community is having heated discussions over the recent 1 bln XRP release and Ripple removes links to its products – xRapid, xCurrent and xVia

Cover image via www.123rf.com
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Ripple seems to be in the midst of a massive rebranding, removing the links to its products from the website and promoting xRapid system under a new name.

Links to xCurrent, xRapid and xVia are gone

The major crypto company Ripple, which works with the third-largest currency XRP, has removed links to its global products from its website – xCurrent, which is a messaging system from Ripple that numerous banks are currently signing up to within RippleNet, xRapid – a product that offers instant transfers of XRP and xVia – another system for instant payments.

Ripple seems to have renamed xRapid into On-Demand Liquidity and it will continue to allow its customers to utilize XRP.

The page that previously explained how xRapid worked and invited customers to join, now speaks of the On-Demand Liquidity payment system. There is even a quote from MoneyGram payment provider that is known to use xRapid and XRP.

MoneyGram
Image by Ripple.com

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The XRParmy argues about the recent release of 1 bln XRP

On October 1, the Whale Alert account on Twitter reported another massive XRP release from escrow – 1 billion tokens were unlocked. The authors of the channel commented that this is a regular monthly XRP release from escrow.

Recently, the XRP community has divided in their attitude towards these and other acts of ‘XRP dumping’. As of late, a Twitter user named Crypto_Bitlord seems to have taken the position of an unofficial leader of those who believe that XRP dumps keep the coin’s price low.

The aforementioned person has even threatened to conduct an XRP hard fork to stop this and has approached John McAfee, supposedly, with an offer to shill the new XRP coin.

This time, Crypto_Bitlord was the first to leave his negative comment under the Whale Alert tweet to say that he has become ‘sick of this’.

This provoked a heated discussion between him and his supporters with those who believe that Ripple would not be manipulating the XRP market against themselves.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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