Ripple Price Analysis: XRP Up 4.3%, Next Stop 60 Cents

Dalmas Ngetich

1 year ago

2 mins read

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Ripple prices are back to green
Binance is open for collaboration with Ripple
There is an uptick in transactional volumes, XRP likely to register more gains

Binance is open for collaboration, and xRapid incorporation may be on the cards. Assuming that happens, XRP will surely rally above 34 cents to 60 cents in a matter of days as our trade plan reiteration come to pass.

Ripple Price Analysis

Fundamentals

Changpeng Zhao is straight up honest. In a recent podcast, he admitted that nothing is going on between Ripple and the world’s largest exchange by trading volumes as the team at Binance is busy with other projects—DEX updates and Project ICOs.

However, what’s interesting is that he said Binance is willing to partner with the real-time gross settlement platform in the future. That is precisely what the community wants to hear as prices try to maneuver and side step vicious bears.

Obviously, there are many benefits that the exchange stands to benefit once they collaborate with Ripple and even adopt xRapid. There would see immediate demand for the coin which is already in use by several payment processors and institutions. Remember, Binance made XRP base after numerous requests from the XRP community.

Candlestick Arrangements

Prices are back to green. As I write this, XRP is up 4.3 percent against the greenback bouncing off the 30 cents main support line as bulls flow back.

Now that there is a green bar, our last XRP/USD trade plan is valid, and we expect bull momentum to lift XRP from spot rates to above 34 cents and even to 40 cents as price action snap back to trend in line with events of mid-Dec 2018 and those of trend-defining surges of Sep 2018.

All in all, we shall maintain a neutral outlook until after prices race first above 34 cents, activating risk-off traders’ position and later 40 cents where risk-averse or the conservative type of traders can buy on dips with targets at Dec 2018 highs of 60 cents. The layout is highly likely to print out because Jan 30 upswings have already set momentum.

Technical Indicators

Our volumes indicators support buyers. However, before we recommend longs, prices must first clear and close above Jan 30 highs of 32 cents at the back of high volumes exceeding 47 million on the upside and 17 million on the lower limit. If anything, this is the only confirmation for bulls and the only way Jan 30 momentum will be set in motion lifting prices back to 40 cents.

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.