‘s (XRP) rallied 72% from Aug. 7 to Aug. 14 but since then, every attempt to break out of the descending channel has been quickly suppressed. The last ten days have seen the price of XRP correct by 15%.

Ripple was created by RippleLabs in the United States and is an open-source distributed protocol. The company provides cross-border payment solutions through domestic partnerships or by offering RippleNet services.