Ripple (XRP) Price Holding Crucial Support & Likely To Bounce Back

There was a strong upward move above the $0.3480 resistance in ripple price against the US Dollar. The XRP/USD pair surged above the $0.3500 and $0.3600 resistance levels. The price traded close to the $0.3750 resistance and settled well above the 100 hourly simple moving average. Later, there was a downside correction, but the $0.3480 support acted as a buy zone. There was a fresh increase, but the price failed again near the $0.3750 resistance area.As a result, there was a sharp decline below the $0.3600 and $0.3480 support level. Moreover, yesterday’s highlighted important bullish trend line was breached with support at $0.3600 on the hourly chart of the XRP/USD pair. The decline was such that the price even spiked below the $0.3400 level. It tested the $0.3280 support area and the 100 hourly simple moving average. A strong buying interest emerged near $0.3280, resulting in a rebound above $0.3400. The price broke the 23.6% Fib retracement level of the recent decline from the $0.3746 high to $0.3281 low.

XRP Love: Ripple Confirms ‘Global Expansion’ Plan for Crypto-Powered xRapid

Ripple can partner with cryptocurrency exchanges across the globe that are capable of accepting fiat currency from banks. It then converts fiat money into XRP and transmits it to the destination, where it is instantly converted back into fiat. Birla explained that the current cross-border payments system is legacy in nature as sending money from one country to another is a time-consuming process. But Ripple needs to ensure that it complies with the regulations of those countries where it plans to set up a payments corridor.Ripple has been busy striking partnerships with payments providers and crypto exchanges to get xRapid off the ground.American Express is one more marquee name that’s partnering with Ripple’s XRP-enabled real-time payments platform.

Coinbase Expands Into Cross-Border Payments

Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the exchange’s stablecoin USDCoin (USDC) with no fee. The development reportedly enables users to send and receive money instantly, as well as convert them into local currency. March saw several new developments at Coinbase, including a service linking user accounts on its main platform to its Coinbase Wallet app, and a new market structure for the exchange’s professional trading platform, Coinbase Pro, which aims to increase liquidity, enhance price discovery and ensure smoother price movements.Earlier this month, India’s Federal Bank, a commercial private bank, began using Ripple’s network for cross-border remittances. The partnership with Ripple came as part of a wider initiative to apply new technologies to the bank’s remittances network. Also on March 28, Federal Bank launched two remittance platforms in the United Arab Emirates for making payments to India.

Crypto Trader Says XRP Poised to Outperform All Major Crypto Assets As Bitcoin Holds Above $5,000 – BTC, Ethereum, XRP Market Update

A crypto analyst known in the industry as Donalt says if the crypto bull market continues, XRP is poised to outperform all other major cryptocurrencies. In a new tweet, Donalt joked about the meme that XRP could one day hit $589, telling his 88,000 followers that if altcoins continue to pop, the digital asset is well-positioned to reap the biggest gains. During the last bull run, the digital asset recorded a staggering 68,782% increase from its price of $0.005415 on March 1, 2017, to its height of $3.73 on January 4, 2018. But in a sign of just how volatile and risky the crypto market is, XRP dropped 93% as the bear market took over, hitting a low of $0.25668 on September 12, 2018.

Litecoin Is Surging, Boosting Ethereum, Ripple’s XRP And Bitcoin–Here’s Why

The litecoin price rose to $37 after falling under the psychological $30 price last month amid a bitcoin and cryptocurrency bear market that’s dragged on the sector for the last 13 months. Litecoin fell to lows of around $22 late last year as the so-called crypto winter took its toll, down some 93% from its all-time high.Litecoin’s rapid rise saw it overtake first bitcoin cash, an offshoot of the original bitcoin, and then EOS, an ethereum rival, moving into fourth place on the list of the world’s biggest cryptocurrencies by market value, according to CoinMarketCap prices.”We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa,” Beam wrote in a Medium post. “Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.”Bitcoin and cryptocurrency fever gripped the world in 2017, with some major coins, including Ripple’s XRP, ethereum, and litecoin, seeing price percentage increases that far outstripped bitcoin itself.

Bitcoin Portfolio Beats S&P 500 ‘Every Year’, Plus Ripple and XRP, Ethereum, Tron, Cardano, Monero, VeChain

According to a new analysis comparing portfolios with and without Bitcoin, a 1% allocation of BTC can significantly boost investors’ returns.Independent analyst PlanB says holding 1% in Bitcoin in a 99% cash portfolio has historically yielded 10% returns, beating the S&P 500’s two-year risk/return mark “every year.”The Brazilian cross-border payment platform BeeTech has released a new ad showcasing how Ripple’s technology is helping it create a faster and simpler way to move money.The top three decentralized apps (DApps) are all running on the Tron network, according to DappRadar. The list is sorted by most users in the last 24 hours.Although Monero is designed to hide wallet addresses, Spagni says many people don’t realize it can be audited – if the wallet owner decides to hand over the info.The Ethereum-powered entertainment platform Breaker (formerly known as SingularDTV) has released its first on-demand film called ‘Prospect’. Breaker is designed to give people the power to distribute films and albums utilizing smart contracts to ensure funds are properly and automatically distributed to the creators.

Ripple’s managing director for South Asia talks about “high street banks” being interested in Ripple

The recent announcement by Ripple noted that they had partnered with over 200 banks and Financial Institutions [FIs] around the world and that 100 of these customers were signed within 2018. Navin Gupta mentioned how signing the first 100 partners took over two years as banks and FIs were hesitant about DLT and cryptocurrencies.In addition, Gupta mentioned how 2019 would be a much favorable year as compared to the previous years and also said that there were clear “regulatory signals” in ASEAN such as Thailand, Philippines and Singapore moving ahead on digital assets.The National Bank of Abu Dhabi [NBAD] was the first bank in the Middle East to sign on to RippleNet in February 2018 and FIs like Al Ahli Bank of Kuwait and BFC Bahrain are also part of RippleNet.

Ripple CEO Sends XRP Soaring, Boosting Bitcoin And Ethereum–Here’s Why

Ripple’s XRP leap triggered a rebound for bitcoin, up 1% over the last 24 hours, and ethereum, up 3.5% over the same period. Bitcoin cash climbed back over the $2 billion market cap mark, adding 6%, according to prices from CoinMarketCap, which tracks most major cryptocurrencies.The Ripple CEO was speaking alongside Gottfried Leibbrandt, Swift’s out-going chief executive, who announced the international payments network was partnering with Ripple rival, blockchain company R3.Swift’s network, which boasts some 11,000 financial institutions and moves $200 billion around the world every day, plans to link R3’s platform with its new payments standards framework Global Payments Innovation.

Ripple (XRP) in Pump-and-Dump Scenario, Sinks 12% from Weekly High

The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0.3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.3429 owing to global banking giant Swift’s announcement of integrating R3 Corda, which supports XRP as its native token. Traders treated the event as the sign of the next bull wave. The price surged impressively but found its upside momentum capped on a higher high formation towards $0.3429. A correction ensued and spent its Thursday maximizing.It could have appeared organic had the price sustained its gains. On January 31, the XRP market posted three consecutive selling sessions on an hourly basis. Between 0700 UTC and 1000 UTC, the XRP/USD rate had fallen from 0.3329 to 0.3103. Meanwhile, traders exited their short positions that translated into a brief upside correction. The pair again switched sides after it tested 0.3206 for a breakout, forming three long red candlesticks.A rising trendline, meanwhile, is capping the XRP/USD rate from forming any more lower lows. The support area, in a best-case scenario, could allow the pair to sustain its upside action. However, if broken, the XRP/USD rate could fall toward its next downside target area, defined between 0.2898 and 0.2853.

XRP Breaks Below $0.30, Creating Fresh 2019 Lows — Will This Be A Short-Lived Market Drop

Ripple has seen a sharp price decline totaling 5.75% over the past 24 hours of trading, bringing the current trading price down to around $0.2935. This latest move has caused Ripple to break below $0.30 for the first time in 2019.The market continued to fall aggressively below further support at the short-term .886 Fibonacci Retracement level (drawn in green) priced at $0.3028 and the short-term downside 1.618 Fibonacci Extension level (drawn in red) priced at $0.2989.The market continued to break further below additional support at the short-term .382 Fibonacci Retracement level (drawn in green) priced at 8,543 SATS.  XRP/BTC is now quickly approaching further support at the short-term downside 1.618 Fibonacci Extension level (drawn in purple) priced at 8,283 SATS. However, if the bulls can hold at the $0.2924 handle and begin to push price action higher, this may be a short-lived market drop.