Ripple (XRP) Conquering Asia, But Why the Divergence With Price?

Dalmas Ngetich

1 year ago

2 mins read

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Ripple (XRP) support at 30 cents
Standard Charter expanding to Asia

Adoption means day-to-day settlement using XRP and CoinBase is experimenting with Litecoin, BTC, and ETH after partnering with Visa. With time they may add Ripple (XRP) but at the moment Standard Charter, a partner with Ripple, is extending their services to Asia to meet increasing demand.

Ripple Price Analysis

Fundamentals

Fact is, for the space to flourish, there must be an avenue allowing not only investment but expenditure of digital assets. Ripple (XRP) may the third most liquid meaning conversion is fast, but it is yet to be mainstream in not many merchants accept the coin as a medium of exchange.

Good news is, the situation is about to change. While we know XRP is fast with a near instantaneous settlement, CoinBase has solid plans of changing this situation thanks to their collaboration with Visa. Even so, the partnership will allow LTC, BTC, and ETH coin holders to “spend crypto as effortlessly as the money in their bank.” If there is a solution and XRP is part of this arrangement, then we expect the coin to be a leader, facilitating cross-border payments between financial institutions but act as a medium of exchange, allowing micro-payments.

Already, Coil is working towards monetizing content, and by integrating InterLedger Protocol, there is interoperability as coin holders can change XRP for ETH and vice versa at the same time make micro-payments.

Standard Chartered announced the expansion of Straight2Bank Pay, its award-winning digital collections gateway for corporate clients, to additional markets in Asia to further support its clients’ growing e-Commerce and m-Commerce aspirations.
https://t.co/uKLyhEyJpv

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) April 15, 2019

Meanwhile, Ripple’s partner Standard Chartered is expanding its Straight2Bank Pay—their “award-winning digital collections gateway for corporate clients”—to Asia in a bid to “further support its clients’ growing e-Commerce and m-Commerce aspirations.”Straight2Bank is an innovative proposition that “simplifies collections from various payment methods including instant and QR-based payments, bank transfers, cards and mobile wallets across online, mobile and in-store interfaces.”

Candlestick Arrangement

At the time of press, Ripple (XRP) is stable in the last day, steadying but shedding 1.6 percent in the previous day. Cumulatively, the coin is down 11 percent in the last day as buyers flow in shoring prices. Note that Ripple (XRP) is under pressure and yesterday’s bear bar did minimize odds of higher highs.

To some extent, it did confirm sellers of Apr-11. However, what is noteworthy is the complete reversal of early April gains and support at 30 cents. Since we are back to support, our trade conditions are valid. Therefore, unless otherwise there is movement above 34 cents, we shall retain a neutral but bullish objective.

On the flip side, any drop below 30 cents reinforces bears of Apr-11, setting the motion for lower lows towards 25 cents or even 15 cents.

Technical Indicators

Accompanying yesterday’s losses are light volumes—19 million versus 22 million. As we reiterate our stance, risk-off buyers ought to initiate longs once prices rally past 34 cents with above average volumes exceeding 79 million of Apr-2.

Chart courtesy of Trading View

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.