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
0.3194 USD 0.16%
0.00008858 BTC -1.03%
Volume, 24h
207,393,298 USD
24.19%
Marketcap
13,112,409,428 USD
11%
Emission
41%

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XRP Daily Price Forecast – January 23

XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0.61, $0.63, $ 0.65 Support Levels: $0.32, $0.30, $0.28 Yesterday, January 22, the XRP price is in the bearish trend zone. The bulls defended the $0.32 price level as the bears failed to break the $0.32 price level. The crypto’s price is still in the bearish trend zone, as the bulls are making frantic efforts to break the 12-day EMA and the 26-day EMA to the bullish trend zone. As it was earlier suggested, that traders should initiate long trades at the lower price level in anticipation of a bullish trend. Today, the crypto’s price is rising and attempting to break the 26-day EMA. Meanwhile, the MACD line and signal line are below the zero line which indicates a sell signal. XRP/USD Short-term Trend: Bullish On the 1-hour chart, the XRP price is in a bullish trend zone. Today, a price reversal candlestick like a hammer appears at the support level reversing the downtrend. The bulls have broken the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The crypto’s price is expected to reach the $0.34 price level and break it. If the bulls break the $0.34 price level, the crypto will be out of the $0.32 and $0.34 price range. Meanwhile, the stochastic is out of the overbought region but below the 60% range indicating that the crypto is in a bearish momentum and a sell signal The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

CoinSpeaker XRP Price Analysis: XRP/USD Trends of January 23–29, 2019 Key Highlights: Another ranging movement on the XRP market; the bears still hold control of the market; traders should exercise patient before placing a trade. XRP/USD Price Long-term Trend: Ranging Supply levels: $0.33, $0.38, $0.42 Demand levels: $0.28, $0.25, $0.22On the long-term outlook, XRP/USD resumes another range-bound movement. Another sideways movement commenced shortly after the coin broke out of the sideways movement that took place on December 27 till January 10 by the big bearish candle that broke down the former demand level of $0.33. The XRP price started consolidating below the $0.33 price level. The XRP price will remain on this state of consolidation until there is a breakout on either side of the range level. The $0.28 demand level is already been exposed. XRP price is trading below the 21-day EMA and 50-day EMA and the two EMAs are fanned apart which indicate the bearish pressure in the XRP market. Should the bears defend the supply level of $0.33 the coin may fall to the $0.25 price level. In case the XRP price decline to the previous low of $0.28 and the price bounces then the traders should look for an opportunity to place a long position and take their profit at $0.38 price level. The Relative Strength Index period 14 is at 40 levels flat horizontally at the level implies that the consolidation movement may continue for a short period of time. XRP/USD Price Medium-term Trend: Bearish XRP/USD is on the bearish trend on the medium-term outlook. The cryptos maintain its bearish trend last week. The bulls made attempts to break up the supply level of $0.33 on January 19 but were resisted and the coin resumed its bearish trend. Currently, the XRP price is below the 21-day EMA and the 50-day EMA is above the two. The Relative Strength Index period 14 is at 50 levels horizontally flat at the level without showing direction indicates that ranging movement is ongoing and may take few hours before the breakout. XRP Price Analysis: XRP/USD Trends of January 23–29, 2019
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