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Has XRP (XRP) Run Out of Bullish Steam?

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This week has started off pretty well for most of the digital currencies in the market. Almost all the top twenty digital currencies are now trading in the green except XRP, Binance Coin (BNB), and Tether (USDT). Over the past day, some digital currencies have even recorded gains of more than 10 percent. At the press time, Bitcoin Cash price is up by more than 5 percent. The price of Cardano (ADA) is recording gains of almost 10 percent. The highest gainer so far is Cosmos, with an increase of more than 12 percent.

However, the price of XRP is still in the red at the time of writing according to coinmarketcap.com. XRP USD live price is down by about one percent over the past day. This has left some digital asset investors wondering if the short-term XRP price prediction 2019 is still attainable before the end of this month.

Ethereum (ETH) Distances Itself from XRP (XRP) – Which Is the Best Cryptocurrency to Invest in 2019?

Late last year and earlier this year, Ethereum was sharing its long-held position with XRP. The battle for the second largest digital currency by market cap was pretty tough. XRP took over the position and held it for a little while. However, Ethereum later gained traction and reclaimed its position. Since then, the second largest digital currency in the world – Ethereum (ETH) – has not given XRP a chance to get close.

XRP (XRP) Price Today – XRP / USD

NamePrice24H (%)
XRP
$0.326073
-0.35%

At the moment, XRP is very far from testing that position as the gap between the market cap of XRP and that of Ethereum is

very large. At the press time, the distance between both market caps is over $5 billion. It is really going to take a lot for XRP to get close that position, as Ethereum doesn’t look like slowing down anytime. Ethereum USD live price is $176 after an increase of more than two percent over the past day. The market cap of Ethereum is $18.38 billion while the market cap of XRP is $13.67 billion.

XRP price forecast is still pretty bullish. More investors are still attracted by XRP price prediction 2019. XRP news today is still trending, with Alex Cobb XRP prediction making waves. Many digital asset investors still consider XRP the best cryptocurrency to invest in 2019. XRP is still on fire, but right now, there is no bullish XRP news today to boost the fire.

XRP Price Analysis – XRP Price Prediction 2019 – XRP Price Forecast – XRP USD Live Price

The price of XRP recently plunged drastically below the 34 cents level against the USD. The downward correction continued and XRP price broke the $0.3320 and $0.3250 support levels. The digital currency also broke below the 32 cents level and plunged towards the $0.3175 level. The price of XRP later amassed momentum and corrected over the 32 cents level. XRP price also broke over the 23.6 percent Fibonacci retracement level of the previous swing from the high of $0.3470 to the low of $0.3174.

At the moment, the digital currency is currently supported at the 32 cents level. The immediate resistance is at the $0.335 level. The price of XRP is currently lagging behind in the ongoing crypto price recovery. However, a break over its immediate hurdle point could pave the way for more gains. This could trigger the price of XRP to meet up with the market, and the short-term XRP price prediction 2019 could be attained.

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CRYPTO ADOPTION INTENSIFIES: NEW CRYPTO PLATFORM EXPLORES ADDING XRP

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XRP has been boosted a lot this year by Ripple. The San Francisco-based company has been promoting all of its products and has been making sure to boost the adoption of the digital asset XRP as well.

New platform to add XRP

Now, the crypto trading platform called Luno is exploring the addition of XRP in Malaysia.

The company’s GM of Southeast Asia, David Low, said that XRP could debt on the exchange as early as 2020, according to the Malaysian Reserve.

He also cited Ripple’s efforts to use the coin to power cross-border remittances.

“It is definitely a possibility we are exploring. However, it is not yet listed on Luno…” Low said.

He continued and explained that “Ripple also has a remittance use case which we are excited about. That’s why we want to introduce it to Malaysians, as it allows people on the platform to access and learn about it, and figure out new

ways to use this technology for their benefits.”

According to the reports coming from the online publication the Daily Hodl, Luno is one of three exchanges that has been approved to sell digital assets in the country.

Ripple launches a new portal for developers

Ripple created a new portal for developers.

The portal that Ripple is creating is called Xpring.io and it’s designed to provide developers a one-stop-shop in order to manage “everything they need when it comes to integrating payments into their applications and a way to unify the various platforms they already use,” according to official notes.

The platform also features a custom wallet that allows engineers to test XRP payments and also to create addresses.

This can all be achieved without having to spend fiat currency.

Other than this, in terms of pricing, Ripple and XRP fans have been hoping to see a boost in the price of the digital asset, but this failed to happen in 2019.

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XRP Liquidity Index Surges Past 9 Bln, Leaving Previous All-Time High Behind

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The Liquidity Index for XRP paired with MXN reaches another all-time high of 9 mln, taking the XRP adoption in this sector to a new level-

The Ripple-invested Mexican Bitso exchange is a partner of Ripple and MoneyGram in the Mexican On-Demand Liquidity corridor launched this year. Bitso is the largest Mexican exchange and its participation in the Ripple and MoneyGram’s project has been successful.

The Liquidity Index for XRP in Mexico adds another million

The Liquidity Index for the XRP/MXN pair is growing fast, leaving behind one all-time high after another.

Today, on December 14, this index has taken a new level and got over the 9-mln mark with the daily progress being 92 percent.

The highest liquidity mark achieved previously was slightly under 8,568,000.

Another active ODL corridor leads to the Philippines through the local Coin.Ph exchange and its liquidity index has also risen for the first time recently.

XRP gets mentioned by the US government

As reported by U.Today, the US governmental agency, the Consumer Financial Protection Bureau (CFPB), has for the first time mentioned XRP in its document, describing the asset as a reliable remittance method which makes the process much

faster and cheaper for companies that have a limit on conducting money wires each year.

The document called Ripple and XRP a safe harbor. It also called Ripple one of disruptors of the remittance industry, as well as the new SWIFT’s GPI system, a rival of Ripple.👉MUST READ

Large XRP transactions keep pestering the community

Recently, a large XRP transaction was spotted by the Whale Alert Twitter account when a whopping 150 mln XRP was sent from one anonymous account to another.

Many in the XRP community often criticize those who do them, with Ripple getting the largest portion of criticism, when every month it releases 1 bln XRP from its escrow account. The community believes that these dumps keep the coin’s price low.

There may be a grain of truth in this, since the XRP price has been unable to cross the $0.30 threshold for a long time and recently, after dropping below $0.22, it has been floating in the $0,21 area.

Even the much-expected SWELL conference, annually conducted by Ripple, did not push the XRP price to the North, breaking expectations of many investors.

XRP price CMC

Image via CoinMarketCap

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Ripple-Based Remittance Firm SendFriend Claims to Save Up to 80% in Fees

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Blockchain-based money transfer startup SendFriend utilizes Ripple’s technology to save up to 80% in remittance fees, according to a blog post published on Dec. 12.

SendFriend uses Ripple’s xRapid product for cross-border payments, converting between the United States dollar, XRP and Philippine pesos and circumventing the longer process of traditional banking systems.

Philippines-focused remittance platform

SendFriend’s money transfer app aimed at reducing annual remittance fees for cross-border Filipino workers claims to lower such transaction costs by up to 75%. What makes it possible, according to the startup’s CEO, David Lighton, is RippleNet’s On-Demand Liquidity (ODL) technology.

With ODL, RippleNet’s users can utilize digital token XRP to bridge two currencies in three seconds. “We can now source liquidity, on-demand and depress those transaction costs by

up to 75%,” said Lighton, and further added that the firm managed to reduce charge up to 2%.

Blockchain payment network enhancement

SendFriend joined the RippleNet payment network in January, along with other financial industry players such as JNFX, Transpaygo, FTCS and Euro Exim Bank. In February, SendFriend received $1.7 million in investments from Ripple, the Mastercard Foundation, MIT Media Lab and Barclays among others in a funding round. 

In late July, Chile-based peer-to-peer remittance company CurrencyBird also joined RippleNet. The partnership ostensibly allows CurrencyBird to add new routes to its more than 50 already existing destinations, new currencies, better prices and faster transfer speeds.

That same month, in a bid to drive greater financial inclusion, Philippines-based UnionBank launched a payments-focused stablecoin pegged to the Philippine peso.

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