- Ripple is more decentralized than Ethereum and Bitcoin according to CTO David Schwartz.
- XRP/USD slight dip finds support; bullish momentum could see more growth in the short-term.
Ripple buyers are making a comeback following the sharp declines on Friday, Asian trading session. The European session has seen the asset make a reversal above $0.30. Ripple had dipped below the vital support at $0.31 and formed a low around $0.2978.
The centralization of Ripple’s network has been and still is a topic on contention. However, the chief technology officer of the company, David Schwartz reckons that Ripple is becoming more and more decentralized. He claims that its level of decentralization is surpassing that of Bitcoin and Ethereum.
On the other hand, Ripple is making a significant bullish move above $0.30. The second largest crypto in the market is currently trading at $0.3054 while the upside is immediately limited at the 15-minutes 50-day Simple Moving Average (SMA). The bulls have their eyes glued on $0.31 support turned resistance but first, they must clear the hurdles at the 23.6% Fibonacci retracement level with the last swing high of $0.3382 and a low of $0.2978 and the 100-day SMA on the same chart. The technical indicators are strongly positive which means that the upward momentum will continue in the short-term.
XRP/USD 15-minutes chart 
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