The price of Ripple’s XRP has surged with 16% in the past 24 hours with commentators believing that the gains come as a result of a response to reports a looming fork of the token.
While Bitcoin price makes a comeback, XRP community investors warn Ripple overselling the XRP tokens as part of the company’s investments.
The petition to stop Ripple’s XRP dumping has been started by trader Crypto Bitlord, and it recommends that Ripple no longer release its supply of XRP onto the crypto market, suggesting this will lead to a pump, “like the good ol days.”
SendFriend incorporates Ripple’s xRapid software to enable Filipinos in the US to cut costs while sending money back to the Philippines in seconds instead of days.
XRP price is on the rise of 1.74% and is above the key $0.4250 support area. The price is currently facing a strong resistance near $0.4400 and $0.4420 levels, but a popular trader is sure: XRP will rise 50x in its next bull run.
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.
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.
Ripple’s xRapid, cross-border payment solution powered by XRP, forays into the new markets: Brazil and Argentina are now in its list.
As New York residents have had limited functionality with Coinbase because of its stricter financial rules, the approval of XRP is sure to be welcomed by the highly populated city. XRP price adds more than 20% on the news.
Bitcoin price makes massive gains moving closer to its crucial resistance of $7000 level. Crypto analysts call this a beginning of the new bull run in the market.