Ripple and its native token XRP received a considerable boost from significant players of the crypto market.
San Francisco based Ripple blockchain payment firm hit top bulletins in the last seven days. Besides the partnership announcement by Ripple, its native token, XRP, also received a considerable boost from significant players of the crypto market.
Ripple Expands Partnership and Acquisition
Ahead of its yearly conference, Swell by Ripple, the payment firm hosted its first Annual Academic Event, UBRI Connect 2019, for two days. UBRI is the Ripple’s University Blockchain Research Initiative launched in June last year to accelerate the “academic research and innovation in the crypto-blockchain sector.
With UBRICon2019 conducted on Oct 3-4, Ripple successfully gathered the plethora of university experts, researchers, partners, and special guests to support further and encourage universities to join this initiative of Ripple.
Besides this flagship event, Ripple’s investment arm Xpring launched the XRP developer platform, which was majorly intent to support developers working on different protocols and projects.
The platform continued its partnership and acquisition despite the native token bleeding drastically. It’s worth noting that the firm Acqui-Hire, Iceland based Algrim crypto exchange, which has resulted in Ripple doubled up its team of engineers for Xpring.
XRP Gains Huge Boost from Industry Leaders
As for the native token XRP, the major decentralized crypto exchange Binance DEX announced the addition of XRP and stated that the platform is launching XRP pegged native token on Binance
To boost the XRP ecosystem, one of the leading crypto payment solutions, Bitpay announced to add XRP by the end of this year. Bitpay’s XRP integration would undoubtedly increase the XRP adoption as it will enable numerous merchants to accept XRP besides Bitcoin, Bitcoin Cash, and Ethereum.
Other thrilling news in Ripple and XRP ecosystem includes, Bitrue crypto exchange launched XRP loans, Gatehub XRP ledger partnered with content monetization platform Coil to facilitate XRP payment to content creators. Besides acquisition in blockchain startup Logos, Crypto ATM network Coinome, and other emerging blockchain projects, Ripple’s Xpring also bet high on Vega protocol, an open blockchain-backed public network.
Moving forward, there’s a high probability that Ripple’s funded San Francisco will acquire Omni blockchain rental startup based Coinbase crypto exchange. While nothing has officially announced by exchange yet, it said that some of Omni employees had been interviewed by Coinbase exchange recently.
Swell 2019 and XRP
Furthermore, Ripple will soon host its current annual event, Swell 2019, in Singapore on November 7-8 (tomorrow). As for now, there is no substantial progress in XRP’s daily trading value, but there’s a high possibility that Swell 2019 might push XRP’s value forward – as it happens every year.
At the time of reporting this, Ripple’s XRP is trading at $0.25 against USD, gaining the trading volume by 0.47 percent within the past 24Hrs. Moreover, the third-largest cryptocurrency, XRP currently counts $11,013,930,972 market capitalization.
News and Top Headline for Ripple XRP, January 18th, 2020
- Ripple Price Analysis – Ripple XRP price faces hurdles at the 100 MA as BTC tries to retest $9,000
- XRP/USD – XRP Price attains 100-Days EMA But strives to exceed the level
- XRP/BTC – XRP/BTC pair retest the 2600 SAT
Ripple XRP price traded in the positive zone this week recording a 13% price surge as it enters resistance at $0.234. The BTC/USD pair continues to trade sideways as it settles at the 2600 SAT level. Once the XRP price manages to resist $0.2345, the coin might rise back toward $0.30. The major support levels for XRP/USD pair are $0.22, $0.20, $0.185. While the major resistance level is $0.2345, $0.25, $0.262.
XRP (XRP) Price Today – XRP / USD
For the XRP/BTC pair, the major support levels are 2600 SAT, 2350 SAT, 2455 SAT. While the major resistance levels are 2710 SAT, 2800 SAT, 2900 SAT.
XRP/USD – XRP Price attains 100-Days EMA But strives to exceed the level
Ripple XRP has persisted in the positive zone, although, it encountered the projected resistance at $0.2345 and was unable to resist here. This resistance level is further strengthened by the 100-days EMA. XRP price is currently supported by $0.228 as the bulls try to
XRP Price Prediction – Ripple XRP Price Prediction
If the bullish trend persists and breaks the resistance at the 100-days EMA, instant resistance lies at $0.24. Above this level, next resistance is to be anticipated at $0.25, $257 (1.414 FIb Extension), and $0.262 (bearish .618 Fib Retracement). The resistance at $0.262 is strengthened by the 200-days EMA. Contrarily, if the sellers drive XRP price below $0.228, early support toward the downside lies at $0.22. Below this level, support is at $0.212, $0.20, and $0.185.
The RSI persists above the 50 the level which indicates that the bulls are in charge of the market trend. Also, the Stochastic RSI is bracing for a bearish crossover cue which might aid to bring the market price lower.
XRP/BTC – XRP/BTC pair retest the 2600 SAT
XRP/BTC pair has managed to correct back above the support level at 2600 SAT. XRP also surged higher into 2780 SAT but rapidly reversed and decline well below2700 SAT. It proceeds to trade sideways between 2600 SAT and 2700 SAT as investors and traders await the next price direction. XRP is still neutral at this level and must exceed the resistance at 3000 SAT to turn bullish. Alternatively, if XRP price decline below the support at 2350 SAT it would turn bearish.
Ripple (XRP/USD) forecast and analysis on January 18, 2020
Cryptocurrency Ripple (XRP/USD) is trading at 0.2333. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indica
Ripple (XRP/USD) forecast and analysis on January 18, 2020
As part of the Ripple course forecast, a test level of 0.2280 is expected. Where should we expect an attempt to continue the growth of XRP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 0.2540. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator strip at 0.2140.
Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of 0.2100. This will indicate a change in the current trend in favor of the bearish for XRP/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ripple (XRP/USD) forecast and analysis on January 18, 2020 implies a test level of 0.2280. Further, growth is expected to continue to the area above the level of 0.2540. The conservative buying area is located is near the area of 0.2140. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 0.2100. In this case, we should expect continued fall.
Ripple’s XRP is a Brilliant Technology, According to American Institute of Economic Research’s Jeffrey Tucker
American economist Jeffrey Tucker, who also works as the editorial director at the American Institute for Economic Research (AIES), called Ripple XRP “brilliant technology” in a recent interview on Russia Today. Tucker shared his opinion that Ripple’s growing popularity had been influenced by sometimes outdated traditional financial systems such as SWIFT.
When asked to explain why the recent partnerships, alliances, and increased capacity of Ripple had no positive effect on XRP, Tucker explained that the digital token XRP is a “specific kind of crypto” and at this moment many regular investors are not interested in the technology. He continued by saying:
That does not mean it’s not going to change the world. I think it’s an extremely important technology
Tucker stated Ripple is doing what traditional financial systems failed to do, provide fast and cheap money transfers.
Our legacy financial systems are incapable of dealing with the new age of globalization so taking crypto to kind of fill this market niche… and XRP has been really valuable in that sense,
Ripple itself continues to promote XRP adoption. Brad Garlinghouse will give his speech during the 55th Global Forum event in Singapore. Global Forum gathers together business leaders, government officials, and academics from different countries who share their views on different business spheres. Apart from Ripple’s CEO, who will be the sole representer of the cryptocurrency industry at the event, list of speakers includes representatives from Central Banks, JPMorgan, Goldman Sachs, MasterCard