All of the top-ten coins are sporting a bright red look Wednesday. That means Ripple (XRP) is down, despite there being quite a bit of positive Ripple news out there in the world, for one thing, Ripple was the reason we had Snoop Dogg at Consensus 2018!

Ripple (XRP) Daily Chart 

Ripple (XRP) is currently selling for $0.692468. This puts XRP down 4.24% in the past twenty-four hours.  

Source: CoinMarketCap

Ripple is still ranked below Ethereum (ETH), holding the position of third largest cryptocurrency. XRP has a market cap of $27.14 billion. 

Ripple News | May 16, 2018 – Snoop Dogg at Consensus 2018!

There’s a chance that members’ of the Ripple community are feeling a little worse for wear themselves this morning, considering the Ripple team hosted its XRP Community Night at Consensus 2018 last night — and things really took off. Understandable, though, when Snoop Dogg is the headliner, and XRP enthusiasts are being served champagne.

#XRPCommunity night is a wrap! pic.twitter.com/X7dgo7Zg1e

— Ripple (@Ripple) May 16, 2018

First, however, we are going to look at some Ripple news that already surfaced this week. This Ripple news was announced both on Ripple’s Insights blog, and Twitter. It was also confirmed at Consensus 2018 and NYC Blockchain Week. 

This week so far, we have seen the following pieces of Ripple news surface: Ripple announced the Xpring initiative, companies are using xCurrent to test payments, and Ripple has proposed a new symbol, based on the request of the Ripple community.

Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D

— Ripple (@Ripple) May 14, 2018

Mitsubishi Corporation, @StanChart and @KrungsriSimple will test payments between Singapore and Thailand with #xCurrent! More on the potential new RippleNet corridor:https://t.co/tf3VJKLvU0

— Emi Yoshikawa (@emy_wng) May 14, 2018

XRP Community Night at Consensus 2018

Controversy surrounded the event in the days prior, so it was thought that there would be some trending Ripple news after last night’s XRP Community Night. Before last night, some argued that Ripple shouldn’t have selected Snoop Dogg to be the headliner. Others were angry at Ripple in general, claiming it depends on banks, instead of disrupting the banking sector.

That didn’t stop Ripple and the XRP community from having fun, though. During Snoop Dogg’s performance, the rapper refrained from discussing cryptocurrencies, but the crowd didn’t seem to mind; happily leaving the financials at the door, chanting back whenever the rapper asked them questions. 

The one and only @SnoopDogg performing live at #XRPCommunity Night! pic.twitter.com/lWHhU6s1V6

— Ripple (@Ripple) May 16, 2018

Snoop Dogg is immensely popular, and he has shown support to the crypto sector since 2013, so it’s no wonder his participation is trending Ripple news this morning. But what are people saying? Was the XRP Community Night everything it was supposed to be? Let’s see what we can find out.

Ripple Community Response 

The majority of the XRP community response was positive. Those that were there shared photos of their night and those that weren’t there seemed pleased with what was going on at Consensus 2018. Some users even defended Ripple against the criticism for holding the invite-only event. Here are some tweets that stuck out: 

So much hate on display tonight. It looks like everyone at the event had an awesome time and it was a really cool thing for the #xrpcommunity

— Michelle (@chellefire) May 16, 2018

.@JoelKatz playing super mario bros. #XRPCommunityNight pic.twitter.com/gMXV7e0wzD

— Emi Yoshikawa (@emy_wng) May 16, 2018

Waiting for the first song about crypto 💃 #SnoopDogg at the xrp party pic.twitter.com/ZEYd2L1Fq5

— Camila Russo (@CamiRusso) May 16, 2018

#XRPCommunity night is everything I dreamed it would be. People from across the community, and across the world, coming together to celebrate something bigger than each of us. 🥂to the dream team @Ripple pic.twitter.com/9s5equv2b3

— Claire (@clairearthurs) May 16, 2018

The Ripple News Takeaway

What did you think about the event? Surprised to see Snoop Dogg at Consensus 2018? How do you feel about XRP being down today? Let me know, and stay alert for more Ripple news throughout the week! 

Featured Image: twitter

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