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XRP/USD NEXT STOP $1.00 (HODL)Flare Network Crypto Airdrop(INFO) Flare Network $SPARK Crypto Airdrop: what you need to know - TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- PRICE ACTION Free Flare Network tokens known as Spark ($SPARK) are coming. They will be distributed by airdrop to those cryptoasset wallets holding $XRP – a cryptoasset native to the XRP Ledger created by US-based technology giant Ripple, Inc. – at 00:00 on 12 December 2020. Unfortunately – and controversially – not all wallets and exchanges are "supporting" the airdrop, i.e. owners of $XRP that hold their $XRP in those wallets or on those exchanges will not receive their much sought-after $SPARK. This article provides an introduction to Flare and $SPARK, lists some of the high profile exchanges that have confirmed their support for the airdrop, and provides some recommended steps if you are reading this article after the airdrop and want to understand your rights. Background – Flare Network's $SPARK $SPARK is the native cryptoasset of the Flare Network, a system intended to bring smart contract functionality to the XRP ecosystem, enabling trusted automation and efficiencies. Smart contracts have been a central part of the blockchain ecosystem since Ethereum's launch in 2014, and the MDRxTECH team have been engineering and auditing them for a number of years. Interestingly, Flare Network claims to be "the world's first Turing complete Federated Byzantine Agreement (FBA) network." This is an important development as, if implement properly, it will enable a new way of scaling smart contract platforms while decoupling security with the value of the token, i.e. it will no longer rely on economic incentives that can be distorted to maintain a robust system. This marks a step change from many of the major blockchain platforms including Bitcoin (using proof of work consensus) and Ethereum (now using proof of stake consensus). Which exchanges are supporting the airdrop? A large number of exchanges have announced that they are supporting the $SPARK airdrop, most recently including Coinbase. Others include Binance, Huobi, Kraken, Kucoin and Poloniex. +The Flare Network website includes a list of supporting exchanges + FEW EXAMPLES-----> Binance, BinanceUS, Coinbase, Bitstamp. Bitfinex, cryptowallet and many. more If you are reading this before the airdrop and hold your $XRP either in self custody or on an exchange that will not be supporting the airdrop, you need to act to ensure you receive $SPARK. There are many guides online setting out the required steps, but get in touch if you are unsure and require any assistance.Spark Airdrop What is the Spark airdrop? Spark is the native token of the Flare Network, designed to offer smart contract functionality to XRP, but on a separate blockchain. Will Coinbase support Flare Networks’ Spark airdrop? Yes, Coinbase will facilitate the future airdrop of Spark tokens to eligible Coinbase,Pro and Prime customers. No action will be required from you to receive Spark tokens if you are participating in the airdrop. Coinbase is yet to determine whether it will support the buying, selling or trading of Spark. In the event Coinbase does not support these features, any Spark held in your Coinbase account will be available to withdraw only. Who is eligible for the Spark airdrop? Coinbase, Pro and Prime customers in eligible regions holding XRP in their accounts on the snapshot date of December 12, 2020 at 00:00 UTC (December 11, 2020 at 4:00 PM PT) will be automatically qualified to participate in the airdrop at a later date. XRP Send/Receives will be paused 15 minutes prior to the snapshot and re-enabled shortly after. Trading XRP will not be affected. There is no minimum balance required. Coinbase Wallet app will not offer native support. If you’re a Wallet user, you won’t be able to claim Airdrop tokens through Coinbase Wallet. Coinbase Wallet users will instead have two options: You can use your 12 word recovery phrase on another wallet that does support the Spark airdrop. This method is less secure but you’ll be able to can claim for the full amount You can transfer to Coinbase, but wallets outside of Coinbase may require a minimum balance of 20 XRP. This means some amount will get left behind. What regions will support the Spark airdrop? At launch, we anticipate that Spark will be available in all regions with the exception of New York. Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some regions. We therefore cannot guarantee whether or when the airdrop, buying, selling or trading of Spark will be available in any region. What if I have XRP in my Coinbase vault? Any XRP in your Coinbase vault will be included in the snapshot. How many Spark tokens will I receive? The amount of Spark you'll receive depends on how much XRP you have in your account at the snapshot time stated above. Coinbase intends to distribute this pro-rata to each user based on the number of Spark tokens Coinbase receives for all its users. For example, if you hold 1% of eligible XRP on our platform, you will receive 1% of airdropped Spark tokens to your Coinbase accounts that were holding XRP at the snapshot time. How do I get the airdropped Spark tokens? No action is required from XRP holders. You will get Spark from Coinbase at a later date after the Flare network launches. When will I get Spark tokens? You’ll receive Spark tokens from Coinbase at a later date after the Flare network launch. Do Custody clients need to move funds to Pro/Prime? No, Custody clients just need to email Client Services to indicate they would like to participate in the airdrop. Is there a minimum balance of XRP that Coinbase.com/Pro users need? No minimum balance is required. For further information on how Spark will be distributed to XRP holders, please refer to Flare Network’s announcement. Key Support Levels: $0.47500, $0.4600, $0.44500. Key Resistance Levels: $0.55, $0.68, $0.78, $0.86, $0.96,$1.00. Title: XRP/USD BUY LIMIT Asset: Crypto Symbol: XRP/USD Type: Buy Limit Time Frame: 1D Entry Price 1: 0.47500(PENDING) Entry Price 2: 0.45500 (PENDING) Stop Loss: 0.43500(400 pips) Take Profit 1: $0.55500 (800 Pips) Take Profit 2: $0.65500 (1800 Pips) Take Profit 3: $0.77500 (3000 Pips) Take Profit 4: $0.87500 (4000 Pips) Take Profit 5: $0.97500 (5000 Pips) Take Profit 6: $1.07500 (6000 Pips) Status: ACTIVE David Schwartz, the chief technical officer of the San Francisco-based blockchain company ripple has recently explained how much XRP he owns. Technically, because he owns such a mass sum, it makes him a whale in crypto terms. David Schwartz, the chief technical officer of the San Francisco-based blockchain company ripple has recently explained how much XRP he owns. Technically, because he owns such a mass sum, it makes him a whale in crypto terms. As one of the original developers and designers of the token and XRP Ledger, David revealed that he would leave his job when the price of the token reaches $1. David did not disclose the exact amount of the token that he owns however, he did say that it was less than 10 million and more than 1 million. As a result of his public tweet explaining his portfolio for the token, the community reacted and questioned why he had very little exposure to the token while other founders of the ledger such as Chris Larsen have billions of the token in their possession. The token for the San Francisco company has been performing quite mildly over the course of this year. Not much has happened in 2020 for the token but who knows what the future will hold. Many believe that 2021 will be the year for XRP but only time will tell. Earlier this year, David gave even more details on his cryptocurrency portfolio saying that he regretted dumping such huge amounts of bitcoin and ethereum for cheap at the time. However, he did explain that he did this as a part of a “derisking plan“ that he had contact with his wife.
BITFINEX:XRPUSDLong
by MavRich_Trading
4
3 SCENARIOS for XRP Breakout IMMINENTRipple is trading under intense overhead pressure, with a massive freefall back to $0.4 as scenario 3. For scenario 3, the path of least resistance is downwards, as seen on the 4-hour chart. The lower boundary of the descending parallel channel appears to be holding the fort for the bulls. However, the Relative Strength Index has reinforced the ongoing bearish momentum. If the indicator hits the oversold area, selling orders are likely to increase significantly. The 200 Simple Moving Average on the 4-hour chart is also in line to offer immediate support, and buyers must hold this crucial support. Otherwise, XRP/USD could tumble to $0.4 (next tentative support area). The daily chart also confirms the bearish outlook on scenario 3, suggesting that the next critical support lies at the 50 SMA. Similarly, the RSI is in a sloping motion but has not hit the oversold area yet. On the other hand, the bearish picture will be invalidated if Ripple closed the day above $0.5. Moreover, the support at the channel’s lower boundary as well as the 200 SMA on the 4-hour would secure the uptrend if they remain intact. (Scenario 1 & 2) The most significant upward movement for XRP would be to overcome the hurdle of $0.6. There was a sharp upward move in bitcoin price above the USD 18,500 and USD 19,000 resistance levels. BTC even broke the USD 19,200 resistance, but it struggled near the main USD 19,450 and USD 19,500 resistance levels. For XRP, breakout above reaches previous major resistance at approximately 0.79. At this point, we will likely see a correction where our previous .68 resistance line was back when BTC broke $19800. This line will act as support and likely lead to a bounce and break scenario. Price target for this breakout is $1.00. This will likely send XRP into a second descending channel as XRP faces the $1.00 resistance level as seen in my previous chart linked below.
BITSTAMP:XRPUSDLong
by eifwifeiwjfeiwfw
1
XRP/USD BULL RUN (HODL) BULLS READY TO BREAK $1.00What Is RippleNet? Creating a New Global Payments Infrastructure The needs of individuals and businesses sending cross-border payments have dramatically evolved. These customers are now demanding real-time, low-cost and fully trackable payments on a global scale. Yet, today’s global payments infrastructure yields an experience that is slow, costly and opaque. Ripple solves these pain points through RippleNet, a network of banks, payment providers and others. Employing Ripple’s solutions and a standardized ruleset allows for those connected on RippleNet to efficiently send and receive payments around the world. Benefits of RippleNet Access- Gain a single point of access into a global network of institutions using standard rules, formats and governance. Speed- Route payments efficiently and leverage instant settlement to transact in seconds, instead of days. Certainty- Maximize end-to-end visibility of fees, delivery time, status and customer information through a bidirectional messenger API. Cost- Reduce total payment costs by minimizing capital requirements and lowering processing costs. Access a Global Standard Current global payments systems are outdated, irregular and fragmented. As a result, banks, payment providers and others working with new partners in foreign markets create bespoke connections that are often cumbersome and costly. RippleNet avoids these issues by creating technical and operational standardization at the global level. The RippleNet Rulebook provides the operational standardization. The Rulebook is a legal framework about the rights, obligations and business rules of network participants. RippleNet’s standardized technology infrastructure complements the Rulebook. RippleNet utilizes a single and decentralized infrastructure across the entire network, eliminating the need for custom integration work. Together, the Rulebook and technology infrastructure create global consistency, making it easy for RippleNet customers to transact with new partners. Speed Up Payments In an age where emails can travel around the world in seconds, it’s unacceptable that payments often take days to reach their destination. On RippleNet, payments reach their destination immediately, thanks to pathfinding and instant settlement. RippleNet’s pathfinding capability ensures that payments are routed from the originator to the beneficiary in the most efficient way possible. Once a route has been selected, payments settle instantly. This is achieved by securing all transaction legs with a single pass-fail outcome, regardless of the number of transacting parties involved, prior to payments being sent. Increase Payment Certainty All too often payments reach their final destination and the amount received is less than expected, which can be devastating for families and businesses relying on that money. The issues lie with legacy messaging systems that make it difficult to see transaction fees prior to a payment being initiated. RippleNet ensures payment certainty with instant bidirectional messaging through a messenger API. RippleNet’s messenger API enables financial institutions to exchange information on know your customer (KYC) requirements, fees, FX rates, payment details and the expected delivery time of funds, providing unprecedented visibility into the total cost of the transaction. As a consequence, all transacting parties are aware of associated costs, and hence, the amount the beneficiary will receive. Lower Costs Existing payment networks depend on intensive capital requirements in the form of nostro account funding, a cost that currently ties up trillions of dollars globally. RippleNet makes accessing on-demand liquidity easy, lowering capital costs. Additionally, RippleNet’s standardized connectivity and rich data APIs allow for lower processing costs. For those customers who choose it, on-demand liquidity using digital assets eliminates the need to pre-fund foreign accounts. To enable this, the originating currency is converted to XRP on a domestic digital asset exchange, sent across the XRP Ledger, and then converted back to fiat at an exchange in the destination country – all in an instant How to Join RippleNet All participants on RippleNet connect through Ripple’s standardized technology, enabling them to message and settle their transactions with increased speed, transparency and low-cost across RippleNet’s global network of banks, payment providers and other institutions. There are two ways to access RippleNet. Standard Access Seamlessly initiate a payment to any entity on RippleNet with a standardized interface through xVia Easily send payments through RippleNet with standard API connectivity Reduce reconciliation issues by including rich payment data Receive guaranteed transaction fees prior to sending a payment Gain end-to-end transparency into payment status Remove risk with real-time settlement Full Access Process frictionless payments on RippleNet for your own institution or others through xCurrent Contribute to a single rulebook, enabling a standardized payments network Easily send and receive payments through RippleNet with standard API connectivity Send and receive rich information with any payment Receive and provide guaranteed transaction fees, and provide FX liquidity for payments Gain end-to-end transparency into payment status Remove risk with real-time settlement Access On-demand Liquidity with Digital Assets Both access levels have the ability to settle transactions instantly through XRP, a digital asset, used in Ripple’s xRapid product. Eliminate pre-funding in foreign accounts and send payments 24/7 using XRP. About Ripple Ripple provides one frictionless experience to send money globally using the power of blockchain technology. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. Globally recognized venture capital firms and strategic partners invest in Ripple. Our Customers -Banks -Banks join RippleNet to offer a differentiated experience to their customers and capture new revenue opportunities. -Payment Providers -Payment providers join RippleNet to accelerate their time to market in new corners of the world. Others -Financial software providers, mobile wallets and others leverage RippleNet to enhance their cross-border payment breadth and depth. Key Support Levels: $0.50, $0.47500, $0.45. Key Resistance Levels: $0.68, $0.78, $0.89, $1.08
POLONIEX:XRPUSDLong
by MavRich_Trading
4
XRP/USD LONG SET UP (HODL )WE GOING TO THE MOON!(FULL BREAKDOWN)TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” A new poll reveals interesting XRP facts The Daily Hodl online publication spotted a new Twitter poll that’s been conducted by pseudonymous Ripple and crypto enthusiast XRP_Cro, and this reveals that most of XRP investors believe the coin will surge above $100. “A new poll that targets the XRP community and involves over 1,000 participants shows that 43% say they plan to partially or fully sell their XRP holdings around $100. 39% say they look to sell between $10 – $50, while the remaining 18% claim that they’ll unload between $3 – $10,” according to the notes. As the Daily Hodl continues and reveals, “On the question of which crypto asset they think will give the biggest return on investment (ROI) in the next bull cycle, 77.9% chose XRP, while 15.7% placed their bets on supply chain management protocol VeChain (VET). Bitcoin (BTC) and Ethereum (ETH) garnered 2.9% and 3.5% of the votes, respectively.” Participants have also been asked which digital assets they are holding besides XRP – 65% of the respondents picked VeChain (VET), while 27% chose Cardano (ADA), 14% favored Stellar (XLM), and only 4.1% selected Ethereum. Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.20500, $0.19000, $0.18000 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average . We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels. BUY XRPUSD WE GOING TO THE MOON (Highly Advise Buying Actual Shares Of XRP ON COINBASE) Ripple’s XRP slid by 5.21% in the week ending 18th October. Reversing a 3.07% gain from the previous week, Ripple’s XRP ended the week at $0.24216. It was a mixed start to the week. Ripple’s XRP rose to a Tuesday intraweek high $0.25998 before hitting reverse. Falling short of the first major resistance level at $0.2638, Ripple’s XRP slid to a Friday intraweek low $0.23783 and into the deep red. Ripple’s XRP fell through the first major support level at $0.2438 before finding support through the weekend. In spite of 2 consecutive days in the green, however, Ripple’s XRP failed to break back through the first major support level. 3-days in the red that included a 2.89% slide on Tuesday and a 2.36% fall on Friday delivered the downside for the week. For the week ahead Ripple’s XRP would need to move through the $0.2467 pivot level to support a run at the first major resistance level at $0.2555. Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2550 levels. Barring an extended crypto rally, the first major resistance level and last week’s high $0.25998 would likely cap any upside. In the event of a breakout, Ripple’s XRP could test resistance at $0.26 before any pullback. The second major resistance level sits at $0.2688. Failure to move through the $0.2467 would bring the first major support level at $0.2333 into play. Barring an extended crypto market sell-off, however, Ripple’s XRP should steer clear well clear of sub-$0.23 levels. The second major support level sits at $0.2245. At the time of writing, Ripple’s XRP was down by 0.01% to $0.24214. A mixed start to the week saw Ripple’s XRP rise to an early Monday morning high $0.24281 before falling to a low $0.24203. Ripple’s XRP left the major support and resistance levels untested at the start of the week. LONG TERM SWING TRADE) ENTRY 1 $0.20580 (1/3) position size ENTRY 2 $0.18468 (2/3) position size ENTRY 3 $0.16000(3/3) position size SL $0.14580 TP.1 $0.21468 TP.2 $0.24580 (TRAIL STOP LOSS FROM TP.1 Or BREAK EVEN) TP.3 $0.29468 TP.4 $0.34580--- (TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30 XRP and its role in the growing blockchain adoption Another key point revealed by the Ripple report is the diversification in use cases by companies using blockchain technology. 98% of participants using a blockchain have deployed technology for supply chain management (62%), commerce, and finance (51%). So it’s not surprising that 99% of participants said their company could use a digital asset such as XRP to process payments or as a medium of exchange. In contrast to the 2018 results, this figure has grown by 94%. Among the strengths that participants said blockchain technology has, the speed to make cross-border transactions received 40% of the responses. In this aspect, the digital asset XRP and its instantaneous transfers with Ripple’s On-Demand Liquidity solution offer the most important benefit for respondent companies. Along with cost (32%) and reliability (27%), as shown below.Among the obstacles to blockchain adoption, participants mentioned a lack of regulatory clarity, the amount of investment required to implement the technology, and security. However, the results show that digital assets such as XRP are increasingly becoming an important part of the development of the blockchain industry. The report concludes: Emerging markets are leading the charge, recognizing that responsible usage of blockchain and digital assets can unleash tremendous potential for their economy. Without a doubt, both will drive greater financial inclusion and economic growth not unlike the Internet’s impact. Mature markets stand to benefit as well
BITSTAMP:XRPUSDLong
by MavRich_Trading
7
RIPPLE coin buying opportunity around 50% FibonacciRIPPLE XRPUSD is currently trading above the 50% Fibonacci level and 61.8% Fibonacci is acting as resistance for the bull.And started trading in a tight range. 0% Fibonacci level give a strong support for the bull market. Buying after the broke and retest on the upper side of the range will give us a good risk ratio. Stop lose may place below the 38.2% Fibonacci level. In volume profile Point of control is coordinates with 38.2% Fibonacci Give a like if you found useful and share with your friends and trading community.And tell about your opinion in the comment section below
BITSTAMP:XRPUSDLong
by forexorbit
XRP NATION (HODL) BULL RUN ONCE WE BREAK $0.34XRP suffered a smaller 4% price drop this week as it falls into the $0.286 support, provided by a .236 Fib Retracement. XRP started the week above $0.3 as it pushed above a shallow falling price channel. It managed to spike as high as $0.331 before the sellers stepped in and sold XRP lower. On Tuesday, XRP penetrated beneath $0.3 as it fell back into the previous falling price channel. The coin continued to drop over the following days until reaching support at $0.286 (.236 Fib Retracement). If the bulls can regroup at $0.286 and push higher, the first level of resistance lies at $0.3. Following this, resistance lies at $0.313 (1.414 Fib ExtensioN), $0.321 (bearish .886 Fib Retracement), and $0.331 (1.618 Fib Extension). Against Bitcoin, XRP headed lower this week as it reached the 2435 SAT support (.382 Fib Retracement). The coin had attempted to push higher as it spiked toward 2700 SAT. However, the bears did not allow it to close a daily candle above 2560 SAT this week. After rolling over from 2560 SAT, XRP headed lower and eventually broke beneath the 100-days EMA to reach the current 2435 SAT support (.382 Fib Retracement). If the sellers push beneath the 2435 SAT, the first level of support lies at 2400 SAT. This is followed by support at 2333 SAT (.5 Fib Retracement & 200-days EMA), 2230 SAT (.618 Fib Retracement), and 2100 SAT. Alternatively, if the sellers break beneath $0.286, the first level of support lies at $0.28. This is followed by support at the lower boundary of the channel, $0.264 (.382 Fib Retracement), and $0.25. The weak rebound off the 20-day EMA ($0.285) on Aug. 20 suggests a lack of buyers at higher levels. If the bears can now sink XRP below the 20-day EMA, a drop to $0.268478 is possible. The 20-day EMA has flattened out and the RSI has dropped close to the midpoint, which suggests a range-bound action in the short-term. A strong bounce off the $0.268478 support will signal strength and the bulls will try to push the price back to $0.326113. Contrary to this assumption, if the bears sink the XRP/USD pair below $0.268478, a deeper correction to the 50-day SMA ($0.243) is likely. With the launch of the latest Ripple gateway, gold just got a lot more useful. Gold Bullion International (GBI), one of the world’s leading precious metals providers, now enables people to trade digital units of physical gold, send it to friends and family, or even spend it online. -Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements, such as Xpring and RippleNet partnerships, and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive communication and transparency are part of being a responsible stakeholder. Moreover, Ripple urges others in the industry to follow its lead to build trust, foster open communication and raise the bar, industry-wide.Disciplined, Responsible Stakeholders: Continued Pause in XRP Programmatic SalesIn Q2 2020, total XRP sales were $32.55 million (USD) vs. $1.75 million the previous quarter. Ripple continued the pause of programmatic sales, focusing solely on its over-the-counter (OTC) sales as part of providing increased XRP liquidity to RippleNet’s On-Demand Liquidity (ODL) customers. This added liquidity is vital as ODL continues to evolve and expand into new corridors. A healthy, orderly XRP market is required to minimize cost and risk for customers, and Ripple plays a responsible role in the liquidity process. As more financial institutions leverage RippleNet’s ODL service, more liquidity is added into the XRP market. That said, Ripple has been a buyer in the secondary market and may continue to undertake purchases in the future at market prices.Total sales (OTC-only, given programmatic pause) ended the quarter at 18 bps of CryptoCompare TopTier volumes. This is compared to total sales in the previous quarter (OTC-only, given programmatic pause) of 0.60 bps of CryptoCompare TopTier. -Volatility XRP’s standard deviation of daily returns over Q2 was 3.0%, representing a decrease in volatility from Q1’s 6.2%. XRP’s volatility over the quarter was lower than that of bitcoin (3.4%), and lower than that of Ethereum (4.2%). Escrow In Q2 2020, three billion XRP were released out of escrow (one billion each month). In total across the quarter, 2.6 billion XRP were returned and subsequently put into new escrow contracts. For more information on the escrow process On-Demand Liquidity (ODL) More than ever, financial institutions are seeing the value of RippleNet’s ODL service to provide instant, global payments and meet market demand, especially during times of crisis due to the exposed risk and increased volatility. In Q2 2020, ODL accounted for nearly 20% of RippleNet volume. Comparing just H1 2019 with H1 2020, RippleNet experienced 11x year-over-year growth in ODL transaction volume. Liquidity and Volume Major distribution territories: $0.28, $0.31500, $0.34 • Major accumulation territories: $0.20, $0.24, $0.26 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.26580 & ENTRY 2 $0.24468 SL $0.16460 TP.1 $0.30468 --TP.2 $0.32500 -- TP.3 $0.34580--- TRAIL STOP LOSS FROM TP.3) TP.4 0.38400 tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 As for overall liquidity and volume, XRP ended the quarter as the fifth most traded digital asset as measured by rolling 30D volume. XRP volume remained relatively strong as overall digital asset volume saw a dip in the second quarter of 2020. The XRP Ledger saw over 85 million in total transactions and XRP’s adjusted transfer value (NVT) ratio was 200.512—the highest among all digital assets in Q2. The NVT ratio compares market cap to on-chain transactional usage, making it a good determination of an asset’s utility. XRPL also saw $20,138 in total transaction fees over the ledger—the lowest among all digital assets in Q2. Early on, Ripple identified remittances as its primary use case, and will continue to focus on supporting low-value, high-frequency payments with ODL. -Gold has served monetary and symbolic functions since before the beginning of recorded history. Today, individuals, institutional investors, and central banks continue to maintain strategic holdings in the highly sought-after precious metal. In all, the total market for gold is worth over $8 trillion. The yellow element Au has stayed in vogue because of its physical properties. Beyond being yellow like the sun, it’s malleable, fungible, and moderately rare. But these same physical properties can also make it unwieldy to manage in the context of the modern world. By integrating with the Ripple protocol, GBI combines the historic qualities of gold with the capabilities of digital currency. “Ripple changes the dynamics of value, allowing for a real-time market that can instantly trade between gold, currency, mobile minutes, and more,” said Steven Feldman, co-founder and CEO of GBI. “We have been leaders in combining technology and precious metals, and our integration into Ripple allows us to continue our push into digital currencies by enabling investors to now buy digital physical gold.” This means that anyone holding bitcoin can purchase gold on the Ripple network in the form of XAU balances issued by GBI. These balances are backed by physical gold deposited in secure vaults around the world in cities like New York, London, and Zurich. The firm has over $1 billion in completed transactions, providing services to a broad range of institutional customers including Merrill Lynch. Not only can users easily send gold to friends and family, anyone can redeem their XAU balances for physical gold delivery at any time. And thanks to the flexibility of the Ripple protocol, which seamlessly manages all necessary currency conversions behind the scenes, holders of XAU can spend their gold wherever Bitcoin is accepted, such as Overstock, Expedia, and most recently, Dell
BITSTAMP:XRPUSDLong
by MavRich_Trading
4
XRP/USD LONG(HODL) Ever Heard The Phrase"History Repeats Itself"TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION history repeats itself used to say that things often happen in the same way as they did before Bullish traders have clearly had momentum behind them since the turn of the month the wider cryptocurrency market experiencing a tremendous uptick. Altcoins like OMG token have surged dramatically with it reaching a $9.50 valuation despite being worth just $1.50 at the start of August. If this trend of altcoin rallies continue, tokens like XRP will react well as it is one of the most notable cryptocurrencies in terms of its overall brand a visibility to new investors. XRP suffered a smaller 4% price drop this week as it falls into the $0.286 support, provided by a .236 Fib Retracement. XRP started the week above $0.3 as it pushed above a shallow falling price channel. It managed to spike as high as $0.331 before the sellers stepped in and sold XRP lower. On Tuesday, XRP penetrated beneath $0.3 as it fell back into the previous falling price channel. The coin continued to drop over the following days until reaching support at $0.286 (.236 Fib Retracement). If the bulls can regroup at $0.286 and push higher, the first level of resistance lies at $0.3. Following this, resistance lies at $0.313 (1.414 Fib ExtensioN), $0.321 (bearish .886 Fib Retracement), and $0.331 (1.618 Fib Extension). Against Bitcoin, XRP headed lower this week as it reached the 2435 SAT support (.382 Fib Retracement). The coin had attempted to push higher as it spiked toward 2700 SAT. However, the bears did not allow it to close a daily candle above 2560 SAT this week. After rolling over from 2560 SAT, XRP headed lower and eventually broke beneath the 100-days EMA to reach the current 2435 SAT support (.382 Fib Retracement). If the sellers push beneath the 2435 SAT, the first level of support lies at 2400 SAT. This is followed by support at 2333 SAT (.5 Fib Retracement & 200-days EMA), 2230 SAT (.618 Fib Retracement), and 2100 SAT. Alternatively, if the sellers break beneath $0.286, the first level of support lies at $0.28. This is followed by support at the lower boundary of the channel, $0.264 (.382 Fib Retracement), and $0.25. While in the short term it seems as though XRP may suffer a drop to the downside, the macro remains bullish with price targets emerging at $0.3475 and $0.36907. Ripple’s Director of Product Launches XRP Payments and E-Commerce Platform Ripple’s director of product is rolling out the beta version of Payburner, an XRP-based e-commerce payment platform. In a new Twitter thread, Craig DeWitt, says Payburner is designed to make it extremely easy to send and receive instant global payments. The new product, which started as DeWitt’s side project, functions as a non-custodial wallet. DeWitt says the responsibility of safely storing the funds falls on the users as Payburner won’t have access to their passwords. *XpringKit provides a Swift based SDK for interacting with Xpring Platform (XRP/ ILP ) Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a series of both spectacular rises and precipitous falls in each. But that digital asset roller coaster ride smoothed out over the course of 2019 as speculation subsided and specialized use cases began to emerge. That utility helped demonstrate value in digital assets beyond trading and contributed to increased stability. While skeptics and critics might still view digital assets as a giant game of Jenga, just waiting for a wrong move to send all the blocks tumbling down, we here at Ripple see the future of digital assets as more like a vast set of Legos. By carefully piecing them together, it’s possible to reimagine familiar worlds or create entirely new ones. Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries. In particular, we expect three major themes to develop in this first year of the new decade that will lead to a more mainstream embrace of digital assets. Digital Assets Underpin Consumer Financial Products XRP is a digital asset custom-designed to facilitate cross-border payments. A number of companies, including MoneyGram and goLance, and applications have endorsed this use case and we anticipate even more will join the adoption curve over the coming year. But our team expects other digital assets and use cases to find traction in the coming year and decade. Ripple SVP of Product Asheesh Birla predicts that mobile wallets will enter the blockchain and crypto industries in a big way. Specifically, he believes that “adoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks.” According to Asheesh, that adoption will continue expanding to include new credit and loan products. He expects that these more mainstream use cases will first emerge in developing markets like Kenya, Nigeria and parts of Latin America where the need is most acute. These applications will be aided by friendlier regulations towards digital assets, which will also make them more attractive to tech companies seeking paths to expansion. Similarly, Ripple SVP of Customer Success Marcus Treacher sees international and micropayments expanding to facilitate new consumer uses. In particular, he envisions purchase solutions for tourists and travelers that no longer rely on cards or card rails taking root in 2020. “Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account. If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!” Marcus also predicts that big tech companies will continue to enter the payment space, hastening the growth of micro and wallet payments supporting immediate, low-value payment flows. This expansion of micropayments beyond traditional messaging apps like Telegram and Line to deep pocketed enterprises should create a resulting surge of developers flocking to digital assets. Institutional Adoption of Digital Assets Accelerates For digital assets and associated applications to have long-term staying power, institutional players must embrace the technology. We anticipate that just such a wave of institutional adoption will begin in 2020 with more traditional firms deploying digital asset and blockchain-based solutions. Breanne Madigan, our Head of Global Institutional Markets, says this will be enabled by trusted custody brands such as State Street or Bank of New York becoming involved in digital assets. “The presence of recognized players will increase institutional confidence in the space and pave the way for greater institutional adoption next year,” explains Breanne. CEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year. While SVP of Xpring Ethan Beard expects at least one central bank to launch a tokenized representation of their fiat currency in 2020, Brad forecasts at least one non-G20 currency—like the Argentine peso or similar—will become fully digitized within the next year. Xpring SDK provides the ability to work with PayID, using libraries provided in JavaScript, Java, and Swift The weak rebound off the support line of the symmetrical triangle indicates a lack of buyers at higher levels. Currently, the bears are attempting to sink XRP below the triangle. The downsloping 20-day EMA ($0.197) and the relative strength index in the negative territory suggests an advantage to the bears. XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” Major distribution territories: $0.28, $0.31500, $0.34 • Major accumulation territories: $0.20, $0.24, $0.26 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.26580 & ENTRY 2 $0.24468 SL $0.16460 TP.1 $0.30468 --TP.2 $0.32500 -- TP.3 $0.34580--- TRAIL STOP LOSS FROM TP.3) TP.4 0.38400 tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels.
BITSTAMP:XRPUSDLong
by MavRich_Trading
12
XRP/USD LONG TO THE MOON (HODL!)XRP Payments and E-Commerce PlatTECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION Ripple’s Director of Product Launches XRP Payments and E-Commerce Platform Ripple’s director of product is rolling out the beta version of Payburner, an XRP-based e-commerce payment platform. In a new Twitter thread, Craig DeWitt, says Payburner is designed to make it extremely easy to send and receive instant global payments. The new product, which started as DeWitt’s side project, functions as a non-custodial wallet. DeWitt says the responsibility of safely storing the funds falls on the users as Payburner won’t have access to their passwords. *XpringKit provides a Swift based SDK for interacting with Xpring Platform (XRP/ ILP ) Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a series of both spectacular rises and precipitous falls in each. But that digital asset roller coaster ride smoothed out over the course of 2019 as speculation subsided and specialized use cases began to emerge. That utility helped demonstrate value in digital assets beyond trading and contributed to increased stability. While skeptics and critics might still view digital assets as a giant game of Jenga, just waiting for a wrong move to send all the blocks tumbling down, we here at Ripple see the future of digital assets as more like a vast set of Legos. By carefully piecing them together, it’s possible to reimagine familiar worlds or create entirely new ones. Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries. In particular, we expect three major themes to develop in this first year of the new decade that will lead to a more mainstream embrace of digital assets. Digital Assets Underpin Consumer Financial Products XRP is a digital asset custom-designed to facilitate cross-border payments. A number of companies, including MoneyGram and goLance, and applications have endorsed this use case and we anticipate even more will join the adoption curve over the coming year. But our team expects other digital assets and use cases to find traction in the coming year and decade. Ripple SVP of Product Asheesh Birla predicts that mobile wallets will enter the blockchain and crypto industries in a big way. Specifically, he believes that “adoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks.” According to Asheesh, that adoption will continue expanding to include new credit and loan products. He expects that these more mainstream use cases will first emerge in developing markets like Kenya, Nigeria and parts of Latin America where the need is most acute. These applications will be aided by friendlier regulations towards digital assets, which will also make them more attractive to tech companies seeking paths to expansion. Similarly, Ripple SVP of Customer Success Marcus Treacher sees international and micropayments expanding to facilitate new consumer uses. In particular, he envisions purchase solutions for tourists and travelers that no longer rely on cards or card rails taking root in 2020. “Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account. If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!” Marcus also predicts that big tech companies will continue to enter the payment space, hastening the growth of micro and wallet payments supporting immediate, low-value payment flows. This expansion of micropayments beyond traditional messaging apps like Telegram and Line to deep pocketed enterprises should create a resulting surge of developers flocking to digital assets. Institutional Adoption of Digital Assets Accelerates For digital assets and associated applications to have long-term staying power, institutional players must embrace the technology. We anticipate that just such a wave of institutional adoption will begin in 2020 with more traditional firms deploying digital asset and blockchain-based solutions. Breanne Madigan, our Head of Global Institutional Markets, says this will be enabled by trusted custody brands such as State Street or Bank of New York becoming involved in digital assets. “The presence of recognized players will increase institutional confidence in the space and pave the way for greater institutional adoption next year,” explains Breanne. CEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year. While SVP of Xpring Ethan Beard expects at least one central bank to launch a tokenized representation of their fiat currency in 2020, Brad forecasts at least one non-G20 currency—like the Argentine peso or similar—will become fully digitized within the next year. Xpring SDK provides the ability to work with PayID, using libraries provided in JavaScript, Java, and Swift The weak rebound off the support line of the symmetrical triangle indicates a lack of buyers at higher levels. Currently, the bears are attempting to sink XRP below the triangle. The downsloping 20-day EMA ($0.197) and the relative strength index in the negative territory suggests an advantage to the bears. XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.18, $0.16, $0.14 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460 TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average . We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels. BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460 TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50
BITSTAMP:XRPUSDLong
by MavRich_Trading
1
XRP/USD TO THE MOON (AMAZON PARTNERS WILL RIPPLE) PayID !HODL!TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION Ripple (XRP) at Major Inflection Point And Candles Warn Bullish Reversal. Ripple is following a bullish path above the $0.2320 (mic laggy sorry) AWS Partner Profile: Ripple 600x400_ripple RippleNet RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing,and settlement of financial transactions. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally. Key Ripple products that enable RippleNet members include: xCurrent- Process Real-Time Payments Ripple’s software, xCurrent, enables banks to differentiate themselves by offering new cross-border payments services while lowering their total cost of settlement. The solution is specifically designed to meet the needs of banks by fitting within their existing risk, compliance,and information security frameworks. Ripple’s software is installed within the bank’s infrastructure and is built to interface with the bank’s systems using an API interface or through a translation layer that can consume traditional payment message formats to compress the integration time frame into weeks. xRapid- Source On-Demand Liquidity xRapid lets payment providers and other financial institutions minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid helps to lower the capital requirements for liquidity. xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers an efficient, scalable, reliable liquidity option to service cross-border payments. xVia –Send Global Payments with a Single Integration xVia is for corporations, payment providers,and banks that want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to send payments globally with transparency into the payment status and with rich information, like invoices, attached. RippleNet Use Cases By joining RippleNet, banks, payment providers, exchanges, and corporates can address many commercial use cases, including: e-Invoicing International supply chain payments Global currency account Real-time cashpooling International bill pay Real-time remittances and international P2P payments RippleNet Members Ripple collaborates with financial institutions worldwide; more than 100 financial institutions have joined RippleNet, including: Santander (USA) Canadian Imperial Bank of Commerce (Canada) Kotak Mahindra Bank (India) Itaú Unibanco (Brazil) IndusInd (India) InstaReM (Singapore) BeeTech (Brazil) Zip Remit (Canada) LianLian (China) RAKBANK (U.A.E.) IFX (U.K.) TransferGo (U.K.) Currencies Direct (U.K.) Airwallex (Australia) SEB (Sweden) SBI Remit (Japan) Siam Commercial Bank (Thailand) Krungsri (Thailand) Is XRP bullish? Ripple (XRP) at Major Inflection Point And Candles Warn Bullish Reversal. Ripple is following a bullish path above the $0.2320 support zone against the US Dollar. XRP price is likely to accelerate higher above the $0.2400 and $0.2420 resistance levels. Marcus Treacher announced in an interview that Ripple will open up new payment corridors in Asia-Pacific, the Middle East and Africa. Ripple aims to provide the payment solution On-Demand Liquidity to the local population to help them process cross-border transactions quickly and cost-effectively. Marcus Treacher, Senior Vice President of Customer Success at Ripple, explained in a recent interview that despite the coronavirus, the company is planning to open up new payment corridors in Asia Pacific, the Middle East and Africa. Ripple will use the On-Demand Liquidity (ODL) payment service, formerly known as xRapid, to process cross-border payments quickly and cost-effectively. Under ODL, XRP acts as a bridge currency between two Fiat currencies, eliminating the need for pre-financing through a nostro account. It also eliminates the risk of currency price fluctuations. As Treacher explained, the expansion of ODL is to be further advanced by the end of this year: We have established On Demand Liquidity corridors into Mexico, the Philippines, Australia and Europe, and we’re hoping to further this expansion by opening corridors to APAC and EMEA this year. Treacher stressed the need to support companies and individuals who are severely restricted by COVID19 and have no means of sending money home to their families without the inherent high fees and long transfer times. In response, Ripple has partnered with industry leaders to reduce or eliminate transaction fees during the pandemic: Search Results Featured snippet from the web PayID is a simple service that makes paying money into your account easier. You can create a PayID by choosing something easy to remember, like your phone number, and registering it with your bank. The next time you want someone to pay you, instead of sharing your BSB and account number, simply share your PayID. In response, we’ve partnered with global financial institutions such as Azimo, TransferGo and Siam Commercial Bank to reduce or waive transaction fees during the pandemic. Treacher continued to criticize the lack of initiative by major financial institutions to open up to the innovations of the blockchain market. Although not all projects are delivering promising results, Treacher said it was time for banks to move to the “next level of development” and offer customers modern services such as fast and cheap transfers worldwide. BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.18580 & ENTRY 2 $0.17608 SL $0.16460 TP.1 $0.22468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 He describes that the average transaction costs of $14 for a global transfer are disproportionately high for a $200 transfer, and that smart systems such as RippleNet bring far-reaching benefits for the banks’ customers: Innovation could be at the forefront of product development, combining the established reach and influence of traditional banks with the industry-leading tech and new talent at the disposal of fintechs. Ripple plans further expansion in Asia with SBI Ripple Partner SBI announced a few days ago that a pilot project is currently underway and SBI is completely satisfied with the results. The XRP-based platform is scheduled to go live by the end of the year. According to the initial results, ODL is far superior to traditional bank transfers, so that the adaptation in Japan will progress rapidly thanks to the company’s large network. Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.18, $0.16, $0.14 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level.
BITSTAMP:XRPUSDLong
by MavRich_Trading
7
XRP / U.S. DOLLAR XRPUSDIn this Weekly chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average. We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 (38.2% retracement), 0.15825 (50% retracement), 0.146891 (61.8% retracement), and 0.130937 (78.6% retracement) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 (38.2% retracement), 0.314 (50% retracement), 0.362026 (61.8% retracement), and 0.430402 (78.6% retracement) levels.
POLONIEX:XRPUSDLong
by MavRich_Trading
2
XRP/USD BULL RUN LONG SET UP BUY XRPUSD ENTRY 1 .26480 ENTRY 2 .28500 SL .25500 TP.1 .29500 TP.2 .30500 TP.3 .32000 TP.4 .33500 tp.5 .36000 tp.6 .3800 tp.7 .4000 Major resistance levels: $0.36, $0.38, $0.40 Major support levels: $0.28, $0.26, $0.24 Ripple (XRP) Price Analysis XRP/USD price valuation has eventually strived to surge upwards to touch a high resistance market line at a $0.34 mark today. A vital resistance point at $0.30 has been pushed-off over northwardly to now serve as the first main point that any downward price movement will have a breakthrough before probably thinking of the crypto’s possibility of losing momentum in the present upward swings. The USD hasn’t had a strong stance to presently suggest its gaining of grand against the base cryptocurrency. Ripple Technical Indicators Reading The 14-day trading indicator still points to the north direction below the current market position. There is a space between the 14-day SMA and the 50-day SMA while the latter is located a bit over the current major support level at $0.28 price line. That adds more to the validation of setting the first support line at that price point. The Stochastic Oscillators still consolidate around the overbought region and range 80. But, the bulls are being in favor of the hovering moves. Conclusion The XRP/USD market bulls are still to some extent being in the control of this crypto market until now. However, another strong resistance line has just been hit at a $0.34 mark. And, that price line and $0.30 point are potentially prone to witnessing variant formations of trading activities for a number of hours or a few days.
BITFINEX:XRPUSDLong
by MavRich_Trading