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XRP falls from the third position as Ethereum [ETH] drifts past to reclaim number two spot

Akash Anand



XRP falls from the third position as Ethereum [ETH] drifts past to reclaim number two spot
Source: Unsplash

The cryptocurrency market’s sporadic behavior has become evident again as several coins have started riding the bullish surf, including some changing positions on the chart. Ethereum [ETH], which has been languishing below XRP for more than two months now has finally clawed its way to the second position on the charts as XRP fell to the third. This overtake was assisted with the surprise price hike that has affected all the cryptocurrencies on the chart.

At the time of writing, Ethereum was green in all the time frames with the 3.1% shoot-up in the 24-hour spectrum being a help. The cryptocurrency was trading for $121.16 with a total market cap of $12.699 billion.

ETH’s 24-hour market volume of $2.109 billion was majorly shared between OEX and ZBG, two popular cryptocurrency exchanges. While the former saw $175,087 million worth of transactions taking place on the platform, ZBG had a grasp on $96.917 million of the total ETH trade.

XRP, which had a significant hold on the second position has lost traction after Ethereum enjoyed a more significant bull run. At press time, XRP was trading or $0.31 with a total market cap of $12.516 billion. XRP’s 24-hour growth was almost negligible, spiking by just 0.06%.

The cryptocurrency had a 24-hour market volume of $481.518 million with ZBG being a common factor with XRP too. ZB.COM held the lion’s share of XRP transactions as $49.66 million worth of transactions occurred on the platform. ZBG came in a close second, overseeing $27.89 million of all XRP trade.

XRP’s fall from the second position actually comes after a positive push from the institution department, as evidenced by Eva Kaili, a member of the European Parliament, speaking at a Ripple Regionals event. She had said:

“I believed that if we were not positive, the resistance of the traditional players would only increase and could even kill a technology that had so much potential for good.”

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Ripple-backed XRPL Labs releases XRPayments on Playstore and App store

Namrata Shukla



Ripple-backed XRPL Labs releases its XRPayments on Playstore and App store
Source: Pixabay

The Ripple-backed startup, XRPL Labs had been working on various technologies to develop the ecosystem. One of these technologies, XRPayment, was in its testing phase and has been finally launched and made available on the Google Play store and Apple app store.

Wietse Wind, the developer of XRPtipbot and one of the developers at XRPL Labs, informed the XRP community about this on his Twitter. Wind stated:

“Right on time! 🎉 🎉 🎉 Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google Play store, and start accepting $XRP for payments in your physical store!”

The application received a lot of traction, especially from the XRP enthusiasts, however, one of the users pointed out an issue he encountered while using the application. Twitter user @almost_summer_ asked Wind:

“hi Wietse great job! just downloaded it, if i open the coinbase or uphold wallet app i can scan the QR but it does not auto fill in the amount of XRP to send. the XRPay web version did fill in the amounts. is that supposed to be like that?”

Wind replied to the user saying that the team wanted users to think about the amount they and perhaps tip the service. He also added:

“Some wallet apps can read a pre filled amount, and the web version implemented that, thus breaking support with some other clients. For this app we wanted 100% support, so we left out the pre filled amount feature for now.”

Wind and the team are also working on a ‘signing platform’ which will enable the users to sign and approve transactions from an application or the web application from any developer, without sharing their mnemonic, through a push message or QR code.

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