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XRP broke above descending trendline resistance! | 6th July 2020Today we will take a good look at XRPUSD and what possible key levels to look out for. Right from the long term, down to the short term! I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the XRPUSD! Let me know your thoughts and what other pairs you'd like me to take a look at next! Cheers! Entry:0.17480 SL:0.17060 TP:0.18400
XLong
by FXCM
2
XRP/USD TO THE MOON (AMAZON PARTNERS WILL RIPPLE) PayID !HODL!TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION Ripple (XRP) at Major Inflection Point And Candles Warn Bullish Reversal. Ripple is following a bullish path above the $0.2320 (mic laggy sorry) AWS Partner Profile: Ripple 600x400_ripple RippleNet RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing,and settlement of financial transactions. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally. Key Ripple products that enable RippleNet members include: xCurrent- Process Real-Time Payments Ripple’s software, xCurrent, enables banks to differentiate themselves by offering new cross-border payments services while lowering their total cost of settlement. The solution is specifically designed to meet the needs of banks by fitting within their existing risk, compliance,and information security frameworks. Ripple’s software is installed within the bank’s infrastructure and is built to interface with the bank’s systems using an API interface or through a translation layer that can consume traditional payment message formats to compress the integration time frame into weeks. xRapid- Source On-Demand Liquidity xRapid lets payment providers and other financial institutions minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid helps to lower the capital requirements for liquidity. xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers an efficient, scalable, reliable liquidity option to service cross-border payments. xVia –Send Global Payments with a Single Integration xVia is for corporations, payment providers,and banks that want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to send payments globally with transparency into the payment status and with rich information, like invoices, attached. RippleNet Use Cases By joining RippleNet, banks, payment providers, exchanges, and corporates can address many commercial use cases, including: e-Invoicing International supply chain payments Global currency account Real-time cashpooling International bill pay Real-time remittances and international P2P payments RippleNet Members Ripple collaborates with financial institutions worldwide; more than 100 financial institutions have joined RippleNet, including: Santander (USA) Canadian Imperial Bank of Commerce (Canada) Kotak Mahindra Bank (India) Itaú Unibanco (Brazil) IndusInd (India) InstaReM (Singapore) BeeTech (Brazil) Zip Remit (Canada) LianLian (China) RAKBANK (U.A.E.) IFX (U.K.) TransferGo (U.K.) Currencies Direct (U.K.) Airwallex (Australia) SEB (Sweden) SBI Remit (Japan) Siam Commercial Bank (Thailand) Krungsri (Thailand) Is XRP bullish? Ripple (XRP) at Major Inflection Point And Candles Warn Bullish Reversal. Ripple is following a bullish path above the $0.2320 support zone against the US Dollar. XRP price is likely to accelerate higher above the $0.2400 and $0.2420 resistance levels. Marcus Treacher announced in an interview that Ripple will open up new payment corridors in Asia-Pacific, the Middle East and Africa. Ripple aims to provide the payment solution On-Demand Liquidity to the local population to help them process cross-border transactions quickly and cost-effectively. Marcus Treacher, Senior Vice President of Customer Success at Ripple, explained in a recent interview that despite the coronavirus, the company is planning to open up new payment corridors in Asia Pacific, the Middle East and Africa. Ripple will use the On-Demand Liquidity (ODL) payment service, formerly known as xRapid, to process cross-border payments quickly and cost-effectively. Under ODL, XRP acts as a bridge currency between two Fiat currencies, eliminating the need for pre-financing through a nostro account. It also eliminates the risk of currency price fluctuations. As Treacher explained, the expansion of ODL is to be further advanced by the end of this year: We have established On Demand Liquidity corridors into Mexico, the Philippines, Australia and Europe, and we’re hoping to further this expansion by opening corridors to APAC and EMEA this year. Treacher stressed the need to support companies and individuals who are severely restricted by COVID19 and have no means of sending money home to their families without the inherent high fees and long transfer times. In response, Ripple has partnered with industry leaders to reduce or eliminate transaction fees during the pandemic: Search Results Featured snippet from the web PayID is a simple service that makes paying money into your account easier. You can create a PayID by choosing something easy to remember, like your phone number, and registering it with your bank. The next time you want someone to pay you, instead of sharing your BSB and account number, simply share your PayID. In response, we’ve partnered with global financial institutions such as Azimo, TransferGo and Siam Commercial Bank to reduce or waive transaction fees during the pandemic. Treacher continued to criticize the lack of initiative by major financial institutions to open up to the innovations of the blockchain market. Although not all projects are delivering promising results, Treacher said it was time for banks to move to the “next level of development” and offer customers modern services such as fast and cheap transfers worldwide. BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.18580 & ENTRY 2 $0.17608 SL $0.16460 TP.1 $0.22468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 He describes that the average transaction costs of $14 for a global transfer are disproportionately high for a $200 transfer, and that smart systems such as RippleNet bring far-reaching benefits for the banks’ customers: Innovation could be at the forefront of product development, combining the established reach and influence of traditional banks with the industry-leading tech and new talent at the disposal of fintechs. Ripple plans further expansion in Asia with SBI Ripple Partner SBI announced a few days ago that a pilot project is currently underway and SBI is completely satisfied with the results. The XRP-based platform is scheduled to go live by the end of the year. According to the initial results, ODL is far superior to traditional bank transfers, so that the adaptation in Japan will progress rapidly thanks to the company’s large network. Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.18, $0.16, $0.14 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level.
BITSTAMP:XRPUSDLong
by MavRich_Trading
7
I think there're BULLS here.Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:XRPUSD
by Nathan_The_Finance_Hydra
ALTSEASON STARTS NOW - XRP AND ALTS ARE ON ------- HIGH ALERTHi I am MartyBoots and i've been trading the markets for 13+ years POLONIEX:XRPBTC This could be the most important video you EVER watch Just sit back and enjoy, we have all been waiting on this day ALTSEASON STARTS NOW - XRP AND ADA ON HIGH ALERT XRP / ADA and almost ALL ALT coins have formed beautiful bottoming patterns , these opportunities dont happen often to allow us get in on the lows of stocks or coins that have serious potential to move into a bull market . We need to grab these opportunities with both hands . Do not miss this video because if this pattern plays out then this is the low on XRP before bull market moon time . The price action and the moving averages are setting up beautifully. On top of that the indicators are also setting up .
Long
by CryptoCheck-
26