As Bitcoin and major altcoins retreat, XRP rises more than 10% on Aug. 12
As Bitcoin and major altcoins retreat, XRP rises more than 10% on Aug. 12 By Angel Di Matteo

@shadowargelAmid the fall seen this August 12, highlights the gains of XRP

which surpassed USD $1 per unit during the day.



rises more than 10% this August 12

We open our price report for this August 12 highlighting the increase capitalized by XRP, token launched by the company Ripple,

which amid the fall seen among the vast majority of the exponents of this market goes up with gains of 10.02%, trading at about USD $0.97 per unit by the time of editing.

According to data published in our CritpoMercados section, the highlight of what was seen with the XRP

token was that the digital currency managed to trade at a maximum of USD $1.09 per unit during the afternoon yesterday, a price that it had not reached since June 3 of this year. After registering these levels, its value went down and is currently located around the aforementioned levels, hovering around USD $1 per unit. Evolución precio de XRP este 12 de agostoEvolución precio de XRP este 12 de agostoXRP price evolution this August 12

Court case and trade settlements

While the XRP

token brought a pleasant surprise for its users and enthusiasts, the

US Securities and Exchange Commission (SEC) lawsuit against Ripple

continues in court, where things seem to be going in favor of the

Blockchain services company ,

precisely because of the number of small victories it has managed to achieve throughout the process.

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The most recent news surrounding the ongoing case is that the SEC</em

> requested Ripple to hand over the extensive history of conversations that the team has maintained through its Slack channels. This request was made when the latter acknowledged that they did not record all of the messages due to errors in the processing of information, so it is expected that they will record what was requested because they have openly acknowledged the failure in which they incurred.

However, the reason behind the increase capitalized by XRP in the last 24 hours could be mainly associated with the commercial agreements that Ripple continues to make despite the ongoing legal process. Among these is the most recent one with GME Remittance, one of South Korea’s largest remittance companies, which announced yesterday that it is integrating with the RippleNetpayment network.

It’s worth noting that last month Japan-based remittance service SBI Remit finalized a partnership with RippleNetpartner

Top altcoins going down on August 12

The good fortune of XRP s good fortune contrasts especially with the fall seen among the main exponents of this ecosystem, all of which are down for this August 12.

The following stand out in this order of ideas:

  • Bitcoin (BTC) is down to USD $44.648 per unit, down 3.55% in the last 24 hours.
  • Ethereum (ETH) is up to USD $3,109, down 3.91% from yesterday.
  • Cardano (ADA) is down to USD $1.7 per unit, down 3.43% in the last 24 hours.
  • Internet Computer (ICP) is down more than 10%, trading at around $62 per unit.
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In addition to the aforementioned cases, among the coins with the most prominent fluctuations for this August 12 are the following cryptocurrencies:

Winners of the day

Losers of the day

To buy cryptocurrencies through DiarioBitcoin

In the face of the uncertainty that shakes the market, if you are one of those who see opportunities and want to buy cryptocurrencies, we remind you that our section CryptoMarkets already has buttons for you to proceed to buy your favorite digital currencies.

If you want to buy Bitcoin (BTC ), prefer to buy Ethereum (ETH ) or want to get some Tether (USDT ), you just need to go to our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a larger number of digital currencies.

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Report by Angel Di Matteo / DiarioBitcoin

Image by Unsplash