Ripple xRapid Launch for Commercial Use

Ripple xRapid Launch for Commercial Use

Ripple’s xRapid goes into the world. The company stated it is now ‘commercially available’ in a press release on October 1, 2018

The xRapid system for cross-border payments will not require the need for a pre-funded nostro account. It administers on-demand liquidity and the speed of payments will almost be instantaneous as compared to days cross-border payments take to complete when made with the traditional system. MercuryFX, Cuallix, and Catalyst Corporate Federal Credit Union are among xRapid’s customers.

Ripple has been the hottest topic in recent weeks due to many exciting partnerships. With the launch of xRapid, Ripple continues the trend and draws more valuable players into the space. With that said, we cannot turn a blind eye on some of the less exciting aspects of Ripple and see how they are dealt with:

  • Ripple Labs owns more than half the total XRP supply. But the holdings are in escrow, released one billion a month, and usually sold on the over-the-counter markets, and don’t affect the general market.
  • Centralization. Not anyone can be a RippleNet validator, but the existing validators are verified entities like trusted banks and large tech companies like Microsoft.

Ripple’s XRP is the second largest cryptocurrency with a market cap of over $22 million. It is currently trading at $0.5637 (XRP/USD), yet, losing 3.25% for the last 24 hours.

XRP

XRP
Price
0.4543 USD -4.39%
0.00005200 BTC 7.35%
Volume, 24h
1,316,427,362 USD
0.00%
Marketcap
17,929,069,685 USD
6.5%
Emission
42%

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Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now trading with a few positive signs above the $0.3050 support area. Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is an upside break above the $0.3230 resistance area. Ripple Price Analysis Yesterday, we saw a strong drop in bitcoin and Ethereum, but dips were limited in ripple price against the US Dollar. The XRP/USD pair broke the $0.2940 support level and traded to a new monthly low. A swing low was formed near $0.2833 and recently the price started an upside correction. There was a break above the $0.2940 and $0.3000 resistance levels to start a recovery. Moreover, this week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair. It opened the doors for more gains above the $0.3150 resistance. However, the upward move is facing hurdles near the $0.0.3230 and $0.3240 resistance levels. As a result, the price corrected gains below $0.3150 and the 100 hourly simple moving average. Besides, there was a break below the 23.6% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high. However, there are many supports on the downside near the $0.3050 and $0.3040 levels. The 50% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high is also near the $0.3040 level. There is also a connecting bullish trend line forming with support at $0.3045 on the same chart. Therefore, the price is likely to find bids near the $0.3040 or $0.3050 level. Below the trend line and $0.3040, the price may perhaps test the $0.3000 pivot level. On the upside, the main resistance is near the $0.3230 and $0.3240 levels. If there is a convincing break above $0.3240, the price could accelerate gains in the near term. Looking at the chart, ripple price remains well bid above the $0.3040 level. As long as there is no close below $0.3000, the price is likely to continue higher. A clear break above $0.3240 might push the price to $0.3450. Technical Indicators Hourly MACD – The MACD for XRP/USD is likely to gain strength in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level, with a bullish angle. Major Support Levels – $0.3050, $0.3040 and $0.3000. Major Resistance Levels – $0.3230, $0.3240 and $0.3320. Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K was last modified: July 18th, 2019 by Aayush JindalThe post Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K appeared first on NewsBTC.
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One City Canned Natural Gas for New Home and Business Builds—and It Won’t Be the Last

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