Cryptocurrency Ripple (XRP/USD) is trading at 0.3384. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Ripple (XRP/USD) forecast and analysis on July 14, 2019
As part of the Ripple course forecast, a test level of 0.3500 is expected. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.2800. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator at 0.3910.
Cancellation of the option to continue the decline of the Ripple rate will be the breakdown of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above the 0.4200 area. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on July 14, 2019 implies a test level of 0.3500. Further, it is expected to continue falling to the area below the level of 0.2800. The conservative area for selling Ripple is located area of 0.3910. Canceling the option of falling cryptocurrency will be a breakdown of the level of 0.4200. In this case, we should expect continued growth.
It’s important to ensure crypto-industry is mature and battle-tested, claims Ripple’s Brad Garlinghouse
The Senate’s hearing on Facebook’s Libra with David Marcus is the talk of the town. Brad Garlinghouse, CEO of Ripple, is the latest to give his views on the hearing. Garlinghouse said that the debate was necessary for the crypto-industry to mature.
“I’m heartened by the (largely) thoughtful dialogue from this week’s congressional hearings on @Libra_ . Committee members are supportive of blockchain and “payments innovation in the U.S., but skeptical that Facebook is the right steward given the history of broken trust.”
He added that the crypto-industry needs to mature and it would only happen if tough questions are asked, ensuring that the crypto-industry is “battle-tested” with proper regulatory oversight to protect investors and customers.
The Senate is today acknowledging the existence of cryptocurrencies and blockchain technology that is taking the world by the storm. This hearing comes after President Donald Trump sent out a slew of tweets outlining his negative views on Bitcoin.
Congressman Patrick McHenry was also one to add fuel to this fire, stating,
“Whether Facebook is involved or not, change is here. Digital currencies exist. Blockchain technology is real… So the question then becomes – what are American policymakers going to do to meet the challenges and the opportunities of this new world of innovation?”
One particular word that keeps popping up in the hearing and with the SEC is ‘innovation.’ While regulators and policymakers are trying their best to make regulations happen, it has been a slow ride. SEC commissioner Hester Peirce said it best when she said that the SEC might be driving innovation to other places. However, she reiterated that the SEC wants it to be a “safe harbor” approach.
A Twitter user, @XRPCryptoWolf, commented,
“I kept telling everyone since the beginning of the year that 2019 is the year that we finally get regulatory clarity on #Crypto & #Blockchain from many countries around the world Also Brad has been tweeting a lot of threads lately so I’m guessing this is a bullish sign for 2019?”
Puma Browser takes on Brave, Chrome; launches first full browser with native Coil support on App Store
Ripple and Coil have taken their partnership forward, with Coil’s Puma Browser being linked with Ripple’s Interledger protocol. The web browser was made available on the app store on July 17, with Puma Browser’s official Twitter handle announcing the same,
“1/ We’ve been hard at work re-building Puma Browser with Firefox-iOS as base.
Polina, who joined as founding iOS engineer, has made amazing progress and we’re happy to announce that we are now in the App Store with much better @Coil support!”
Stefan Thomas, Co-creator of Interledger and the Founder and CEO of Coil, also relished in the news of Puma browser being the first browser with native Coil support. The beta version of the browser was released in April for users to take a spin at. However, during the same, various problems in the payments feature and other user experience issues were found. Following the finding, the team worked on those problems and released the “more than needed” update.
Twitter user and beta tester, @nixerFFM, commented,
“This is great news! I am a beta tester from the early days on and I must say that change to the iOS Firefox core was more than needed.
For sure it made things easier for you and the user experience so so much better for us. Keep it up!”
The Android version of the application was available on Play Store, but according to @PumaBrowser, the android applications lacks the swiftness and isn’t “as mature for now.” Although users appeared satisfied with the browser, it has to compete with other existing browsers now. Since Puma Browser is based on Firefox, the browser is already in the big leagues, but the competition is real with Chrome and Brave browser in the mix.
Ripple price analysis: XRP/USD on course of recovering Tuesday’s losses
- XRP/USD went up from $0.295 to $0.309 this Wednesday.
- The relative strength index (RSI) bounced up from the oversold zone.
XRP/USD went up from $0.295 to $0.309 this Wednesday, on course to recover this Tuesday’s losses wherein it went down from $0.312 to $0.295. The 60-min intraday chart shows that the price went up to $0.321, where it met resistance and went back down to $0.309.
XRP/USD daily chart
The daily price chart is trending just above the lower curve of the 20-day Bollinger band, showing that the price is not undervalued yet. The price is also trending below the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The moving average convergence/divergence (MACD) indicator shows sustained bearish momentum. The Elliot oscillator shows eight straight bearish sessions. Finally, the relative strength index (RSI) bounced up from the oversold zone.