{"id":265289,"date":"2022-10-20T11:00:50","date_gmt":"2022-10-20T05:30:50","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=265289"},"modified":"2024-01-30T02:21:52","modified_gmt":"2024-01-29T20:51:52","slug":"ripples-dramatic-entry-in-this-space-may-fetch-xrp-holders-some-profits","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ripples-dramatic-entry-in-this-space-may-fetch-xrp-holders-some-profits\/","title":{"rendered":"Ripple&#8217;s dramatic entry in this space may fetch XRP holders some profits \u00a0"},"content":{"rendered":"<p>Ripple [XRP] dropped a bunch of important updates around its ecosystem as of 18 October. <span style=\"font-weight: 400;\">While the <\/span><a href=\"http:\/\/ambcrypto.com\/will-xrp-survive-the-decentralization-trial-after-btc-maximalist-says\/\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> community was still buzzing about Ripple&#8217;s <\/span><a href=\"http:\/\/ambcrypto.com\/can-ripples-latest-development-appeal-to-a-dampened-xrp-investor-sentiment\/\"><span style=\"font-weight: 400;\">announcement<\/span><\/a><span style=\"font-weight: 400;\"> around launching a sidechain, a new update around Ripple&#8217;s creator fund was announced. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Second-round grantees of Ripple&#8217;s $250 million <a href=\"https:\/\/ripple.com\/creatorfund\/\">Creator Fund<\/a>, which intends to foster the growth of NFT initiatives on the XRP Ledger (XRPL), were revealed.<\/span><\/p>\n<p>______________________________________________________________________________________<\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Here\u2019s AMBCrypto\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\"><span style=\"font-weight: 400;\">Price Prediction for Ripple(XRP)<\/span><\/a><span style=\"font-weight: 400;\"> for 2022-2023<\/span><\/p>\n<p><span style=\"font-weight: 400;\">______________________________________________________________________________________<\/span><\/p>\n<h3><b>Ripple attempts to expand its NFT reach<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To help developers build NFTs and other XRPL tokenization projects, Ripple created the $250 million Ripple Creator Fund. <\/span><span style=\"font-weight: 400;\">On 18 October, Ripple <\/span><a href=\"https:\/\/www.businesswire.com\/news\/home\/20221018005201\/en\/Ripple-Signs-Second-Wave-of-Creators-Bringing-Entertainment-and-Media-NFT-Projects-to-the-XRP-Ledger\"><span style=\"font-weight: 400;\">revealed<\/span><\/a><span style=\"font-weight: 400;\"> the second group of creators who would be receiving financing from the Ripple Creator Fund. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The money went to artists and developers who are working to implement real-world use cases for XRP in various areas. These included gaming, the Metaverse, and the media and entertainment industries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple&#8217;s entry into the NFT market marks significance, and in a related move, one of the most prominent XRPLedger projects just <\/span><a href=\"https:\/\/twitter.com\/onXRPdotcom\/status\/1582342912641470464?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1582342912641470464%7Ctwgr%5Ef6236941e0dd2fed0c26db4bca5f6f131cc9c323%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Ftop-xrpl-project-makes-big-announcement-ahead-of-nft-revolution\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> the beta release of its NFT marketplace. The release was also announced for 18 October and the said launch would be deployed initially on the dev net.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8THIS IS NOT A TEST\ud83d\udea8<\/p>\n<p>Tonight, European time, our <a href=\"https:\/\/twitter.com\/hashtag\/NFTmarketplace?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTmarketplace<\/a> will open its public beta on devnet. We have been working hard on this platform since March. We are still working on it and adding features. <\/p>\n<p>We hope you will like it. <\/p>\n<p>Get ready for <a href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTs<\/a> on the <a href=\"https:\/\/twitter.com\/hashtag\/XRPL?src=hash&amp;ref_src=twsrc%5Etfw\">#XRPL<\/a><\/p>\n<p>&mdash; bidds.com (@biddsonxrpl) <a href=\"https:\/\/twitter.com\/biddsonxrpl\/status\/1582342912641470464?ref_src=twsrc%5Etfw\">October 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><b>No uptrend but trend looks good<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">As can be seen from the chart given below, XRP did not appear to be particularly amused by the above-mentioned developments. At press time, the price of XRP had decreased by more than 2%. In the daily time frame, it was noted to be trading around $0.45.<\/span><\/p>\n<figure id=\"attachment_265290\" aria-describedby=\"caption-attachment-265290\" style=\"width: 1791px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13.png\"><img decoding=\"async\" class=\"size-full wp-image-265290\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13.png\" alt=\"\" width=\"1791\" height=\"724\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13.png 1791w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13-300x121.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13-1024x414.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13-768x310.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/XRPUSD_2022-10-19_13-18-13-1536x621.png 1536w\" sizes=\"(max-width: 1791px) 100vw, 1791px\" \/><\/a><figcaption id=\"caption-attachment-265290\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A continuing increasing trend for XRP was also visible on the trend line in the daily time period. Around $0.45 and $0.41, the support line was perceived to be under pressure. Additionally, the $0.51 and $0.56 price points showed resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using the price range tool, a chart analysis revealed XRP lost more than 58% throughout the downtrend that began in April. However, from the time the uptrend began until the current level of resistance, it had increased by more than 65%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There were two Moving Averages displayed beneath the price: the 50-day (yellow line) and the 200-day (blue line) Marginal. If the yellow line does end up crossing over the blue line, a positive price activity could be expected.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Ripple expands its services, XRP holders may soon reap the benefits of increased demand. Allowing NFT projects a voice on Ripple would broaden the network&#8217;s potential user base and uses. This is the kind of progress that might increase the value of XRP and make its owners very happy.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple [XRP] dropped a bunch of important updates around its ecosystem as of 18 October. While the XRP community was still buzzing about Ripple&#8217;s announcement around launching a sidechain, a new update around Ripple&#8217;s creator fund was announced. Second-round grantees of Ripple&#8217;s $250 million Creator Fund, which intends to foster the growth of NFT initiatives<a href=\"https:\/\/ambcrypto.com\/ripples-dramatic-entry-in-this-space-may-fetch-xrp-holders-some-profits\/\">Continue reading <span class=\"sr-only\">&#8220;Ripple&#8217;s dramatic entry in this space may fetch XRP holders some profits \u00a0&#8220;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":265295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,4,20],"tags":[],"class_list":["post-265289","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ripple&#039;s dramatic entry in this space may fetch XRP holders some profits \u00a0 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Ripple [XRP] dropped a bunch of important updates around its ecosystem as of 18 October. 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