Is Ripple (XRP) the Liquid alternative of Tether or USDC?

2019-5-10 22:00

Ripple (XRP) prices slide 1.7 percent The rollout of xCurrent 4.0 is an opportunity for banks to upgrade and even adopt xRapid

That the World Bank and the IMF have Ripple Inc in their reports is bullish. At the core, Ripple Inc is introducing speed, efficiency and cost savings in the fund remittance sector searching for alternatives. Even so, the unregulated nature of XRP is slowing down adoption as prices range within a 4 cents zone.

Ripple (XRP) Price Analysis Fundamentals

For the extended consolidation, Ripple (XRP) is said to be a “sleeping” giant. However, it’s not a deep snore but a snooze, a power nap. We can glean all this from significant developments in the last few weeks.

First, there is xCurrent 4.0 that is available for the more than 200 banks and financial institutions. Although David Schwartz brought to light technical reasons that could slow down adoption—and upgrade to xCurrent 4.0 automatically activating xRapid, there are other positive developments. Ripple Inc, despite “stable” prices, is partnering with banks and working closely with regulators.

It is a necessary groundwork for laying infrastructure that the cryptocurrency industry would find useful in days ahead. Towards their grand goal, institutional grade investors are investing in XRP as the Q1 2019 XRP report reveals. With mention from the IMF, the EU via INATBA, the World Bank and the startup’s links with the White House, it is easy to see Ripple Inc’s fundamental trajectory. Even so, traders must be patient.

Currently, XRP resembles a stable coin, but if FIs migrate to xCurrent 4.0, then it would be only about time before there is an explosion above 40 cents.

Candlestick Arrangements

Meanwhile, Ripple (XRP) is down 1.7 percent in the last week, trading along 30 cents and pretty much stable like it has in the previous 24 hours. Therefore, in light with today’s development, our XRP/USD trade plan is valid. However, the longer this consolidation is, the stronger the breakout would be.

Even so, despite the likelihood that XRP could sink, printing towards the dredges, the fact that there is no movement despite Bitcoin (BTC) gains supportive of bulls.

That lag is bullish, and unless otherwise there is a drop below 30 cents, then any break above 34 cents could spur demand with targets at 40 cents and 60 cents.

Technical Indicators

With prices consolidating within a 10 cents trade range, participants are yearning for volatility that would lift prices above 40 cents in a breakout trade. Accompanying that break—or drop, should be high volumes exceeding averages of 11 million or preferable 36 million, the mean value of Apr-24-25 draw-down.

Chart courtesy of Trading View

The post Is Ripple (XRP) the Liquid alternative of Tether or USDC? appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5096 (-0.06%)
Объем 24H $563.044m
Изменеия 24h: -2.27 %, 7d: 2.04 %
Cегодня L: $0.5077 - H: $0.51
Капитализация $28.175b Rank 7
Цена в час новости $ 0.2964 (71.93%)

ripple xrp inc usdc liquid alternative tether

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


Will XRP’s Price Jump After Another Ripple Win Against the SEC Be Short-Lived?

According to analysis firm Santiment, XRP spiked 8% following news that the SEC’s appeal against Ripple was denied. The immediate aftermath saw Ripple’s native cryptocurrency, $XRP, experiencing a swift +8% surge, and it has swiftly become a focal point, constituting nearly a quarter of discussions related to the top 100 assets in the crypto space.

2023-10-4 10:19