The campaign will run for almost three months lasting from 23rd Aug to 29th Nov 2019.
One of the Ripple’s leading banking partners SBI VC has started a campaign in which they will distribute XRP coins as gifts to the existing and new account holders.
Yesterday, SBI VC Trade announced that they have begun a campaign for the account holders in which the bank will give XRP coins as a prize. The existing account holders can win up to 200,000 Yen worth XRP all depending upon the transaction money. Moreover, the new account holder will be gifted XRP worth 1,000 Yen soon after the account goes live.
The new account holders will have to open their account on VCTRADE to be eligible for winning XRP. The account holders that will be part of this campaign are the Neomova account holders. Besides, the more the transaction amount of XRP, the more chances to win maximum Ripple coins.
The campaign will run for almost three months lasting from 23rd Aug to 29th Nov 2019. The eligibility criteria for the users to be part of this campaign is; for winning XRP gift worth 1,000 Yen, users must have a Neomova account, VCTRADE account opening, and entry on the campaign screen.
Same criteria lie for those users who would be participating based on the transaction amount. The transaction amount varies, and so does the gift prize.
|No.||XRP Transaction Amount||XRP Present Quantity|
|01.||100,000 yen or more to less than 1 million yen||XRP gift worth 1,500 yen|
|02.||1 million yen or more to less than 3 million yen||XRP gift worth 15,000 yen|
|03.||3 million yen or more to less than 10 million yen||XRP gift worth 30,000 yen|
|04.||10 million yen or more to less than 20 million yen||XRP gift worth 100,000 yen|
|05.||More than 20 million yen||XRP gift worth 200,000 yen|
* 1 to 5 are the total transaction amount during the campaign period
Key Things to Notice about SBI Ripple gift campaign
Despite opening an account on SBI, if the users still don’t have one on VCTRADE, they would not be the part of the XRP campaign. If the users are unable to identify the e-mail address currently used in VCTRADE and SBI Neomobile Securities Department Store or Account Number that they had entered in the entry form, they will not be eligible for the campaign.
So, every user needs to make sure that they enter the correct e-mail address currently used in VCTRADE and SBI Neomobile Securities Department Store/Account Number. Also, the decision of whether the customer who entered is eligible for this campaign will be made by SBI VC.
Moreover, the clients would not have opened an account with VCTRADE by 5:00 pm on November 29, 2019; they will not be eligible for this campaign. It takes almost ten days from application for opening an account to completion, including screening and mailing. So, this is another point to notice, if you are willing to be the part of Ripple (XRP) campaign.
The goods receipt quantity and goods issue quantity are not subject to the transaction amount. Moreover, if the Company determines that any facts that violate the Company’s ‘Terms and Conditions’ are found; it will be excluded from this campaign. And also, if the account is canceled at the time of grant, users will not be eligible for this campaign.
A Good Push for XRP
As the campaign will last for three months, it will allow more users to enter and use the services of SBI VC and win XRP coins, and ultimately get to know about Ripple to a reasonable extent. More than winning, its a sort of an awareness campaign regarding cryptocurrencies and especially Ripple’s XRP. XRP being a core aspect of this movement will help boost the promotion of Ripple’s native coin in Japan (at least).
Ripple Price (XRP) Facing Uphill Task, Can Bulls Make It?
- Ripple price is still struggling to surpass the main $0.2650 resistance area against the US dollar.
- The price is showing a few positive signs, but it must break the $0.2650 resistance level.
- There is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The price could either rally above $0.2650 or it might resume its decline below the $0.2580 level.
Ripple price is trading well below the $0.2650 resistance against the US Dollar, and ranging vs bitcoin. XRP price could soon make the next move either above $0.2650 or towards $0.2500.
Ripple Price Analysis
In the past 2-3 weeks, XRP price made many attempts to surpass the $0.2650 resistance area against the US Dollar. However, the bulls failed to gain momentum above $0.2640 and $0.2650. On the other hand, Ethereum was able to break the $185 resistance area to start an upward move. Therefore, ripple bulls need to gain pace above $0.2650 to start a solid upward move in the coming days.
The last swing low was formed near $0.2566 and the recent high was near $0.2628. At the moment, the price is correcting lower below $0.2610 and trading well above the 100 hourly simple moving average. An immediate support is near the $0.2600 level. It coincides with the 50% Fib retracement level of the recent wave from the $0.2566 low to $0.2628 high.
The main support on the downside is near the $0.2590 level and the 100 hourly simple moving average. Additionally, the 61.8% Fib retracement level of the recent wave from the $0.2566 low to $0.2628 high is near $0.2590. More importantly, there is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP/USD pair.
Therefore, ripple price seems to be preparing for the next major break either above $0.2650 or towards $0.2500. This time, the chances of an upside break above $0.2650 are high. If the bulls gain control above $0.2650, the price could climb higher significantly towards $0.2850 or even $0.3000 in the near term. Conversely, if it fails again near $0.2650, there could be a fresh decline towards the $0.2500 support.
Looking at the chart, ripple price is confined in a broad range below the $0.2650 resistance. There could be more ranging moves, but sooner or later, the price is likely to break the $0.2650 resistance area.
Hourly MACD – The MACD for XRP/USD is currently placed nicely in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is correcting lower towards the 50 level.
Major Support Levels – $0.2600, $0.2580 and $0.2550.
Major Resistance Levels – $0.2640, $0.2650 and $0.2720.
Ripple bulls woke up and pushed XRP/USD towards $0.27 in a matter of minutes
- XRP/USD gains over 2% of its value in a matter of minutes.
- The further upside is limited at this stage.
Ripple’s XRP has jumped from $0.2600 to $0.2680 in a matter of minutes. By the time of writing, XRP/USD has retreated to $0.2670, though the upside momentum remains strong. The third largest digital asset has gained over 2% since the beginning of the day and 1.4% on a day-on-day basis.
The fundamental triggers of the move remain unknown so far.
Looking technically, the price has returned to the area below the upper line of four-hour Bollinger Band currently at $0.2676. Considering that the Relative Strength Index (RSI) is reversing to the downside on the intraday timeframes, XRP/USD is vulnerable to the technical correction after a strong movement. The first area of support is located on the approach to $0.2660 ( the upper line of one-hour Bollinger Band). Once below, the sell-off may be extended towards $0.2610-$0.2600 area strengthened by SMA200 (Simple Moving Average) four-hour.
On the upside, a new attempt at $0.2680 looks unlikely thus far; however, if it is cleared, the upside trend wil gain traction with the next focus on $0.2775 (SMA50 daily).
Ripple technical analysis: XRP/USD keeps crawling along horizontally
- XRP/USD went down from $0.262 to $0.261 so far this Tuesday.
- The SMA 20 curve acts as immediate market support.
XRP/USD daily chart
XRP/USD daily price keeps trending along horizontally. The price has gone down so far from $0.262 to $0.261 this Tuesday. The 200-day simple moving average (SMA 200) and SMA 50 curves are trending above the XRP/USD price. The SMA 20 curve acts as immediate market support.
XRP/USD 4-hour chart
The 4-hour XRP/USD is consolidating within a triangle formation. The price broke above the red Ichimoku cloud. The SMA 200 acts as market resistance while trending above the SMA 50 and SMA 20 curves. The Elliott oscillator shows 11 straight bearish sessions.
XRP/USD hourly chart
The hourly XRP/USD chart is trending in a downward channel formation. The narrowing of the 20-day Bollinger jaw shows decreasing market volatility. The latest price session has dropped below the SMA 50 curve, while it above the SMA 200 and SMA 20 curves. The relative strength index (RSI) indicator is trending around 50.
|Today last price||0.2607|
|Today Daily Change||-0.0010|
|Today Daily Change %||-0.38|
|Today daily open||0.2617|
|Previous Daily High||0.2637|
|Previous Daily Low||0.2569|
|Previous Weekly High||0.2665|
|Previous Weekly Low||0.2511|
|Previous Monthly High||0.3308|
|Previous Monthly Low||0.2392|
|Daily Fibonacci 38.2%||0.2611|
|Daily Fibonacci 61.8%||0.2595|
|Daily Pivot Point S1||0.2578|
|Daily Pivot Point S2||0.254|
|Daily Pivot Point S3||0.251|
|Daily Pivot Point R1||0.2646|
|Daily Pivot Point R2||0.2676|
|Daily Pivot Point R3||0.2715|