Ripple CEO, Brad Garlinghouse, revealed that a remittance company, which he wouldn’t disclose, has gained +800% in clients overnight because it recently began using Ripple’s technology. The main reason in this rise in the change in transaction fee.
The crypto market has responded positively to apparent demand from venture capitalists and institutional investors. Analysts think that none of the Bitcoin’s previous price rallies had the same optimism.
Should $0.39 level hold, the Bulls will push up the coin and may break up $0.42 supply level. In case the Bears increase their momentum, XRP price will decrease further towards the previous low of $0.35.
Because of the halving FOMO, LTC could peak by doubling its price just a few days before the halvening event, which could allow it to flip over XRP. But, is a 100 percent surge from current levels possible?
Ripple has entered the Latin American market by opening an office in Brazil in a move that aims to accelerate the speed of blockchain technology adoption and usage throughout the world.
Bitcoin expert Max Keiser has said that XRP and other digital currencies will be destroyed by GlobalCoin, the yet-to-be-launched cryptocurrency by the social network giant Facebook. The only one who will survive, thinks Keiser, will be Bitcoin.
Thailand’s largest commercial bank, the Siam Commercial Bank (SCB), which recently tweeted on possibility of launching an XRP-based system, decided suddenly, to issue a statement, according to which, the bank “has no plan on using XRP.”
The Bulls will have to gain more pressure in order to push XRP price to reach $0.46 supply level. Should the Bears exert more pressure and defend $0.42 level, the price may decline towards the demand level of $0.39.
After a rumor broke out yesterday that a California-based crypto start-up Ripple has acquired the major US-based money transfer company MoneyGram, both companies refused to comment. Still, even the rumor was enough for XRP price 8% boost.
Ripple has made substantial success by launching a new office in Zurich, Switzerland. The main purpose for this is to sell XRP to institutional buyers.
After the short pullback, XRP price may continue the bearish trend, $0.39 demand level may be broken and the pair may target $0.35 demand level. In case the demand level of $0.39 hold, the price may reverse and rally to the north side.
Citing a strong technical build-up a number of crypto analysts are predicting a price surge for XRP which has been silent so far in the crypto bull run of 2019.
Binance had hinted that it would introduce margin trading on its platform for several months but the long-awaited feature is now live with margin trading capabilities available for Bitcoin, XRP, Binance Coin, TRON, and Ethereum.
XRP price may decrease further as long as the Bears maintain or increase their pressure, and reach a previous low of $0.35. In case the Bulls further defend $0.39 demand level, XRP price may bounce and rally towards $0.46 level.
Should the Bears maintain their pressure or increase their momentum, further decrease in XRP price is certain and this may reach $0.39 demand level in case $0.42 level does not hold. Should the $0.42 level hold; the price may resume uptrend movement.