Ripple’s Expansion Strategic, xRapid Adoption Pivotal

Dalmas Ngetich

6 years ago

2 mins read

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Ripple (XRP) prices constant
Luiz Antonio Sacco will lead Ripple’s ambitions in South America

As part of their expansion plans in South America, Ripple is acquiring the services of Luiz Antonio Sacco. He will spearhead their initiative, implementing Ripple’s strategy. XRP is stable at press time, adding a paltry 1.4 percent in 24 hours.

Ripple Price Analysis

Fundamentals

Employing XRP as a facilitator, xRapid does two things. First, it lowers transaction costs while simultaneously hastening settlement. Secondly, it eliminates intermediaries like banks.

The reason for this is because of xRapid’s liaison with cryptocurrency exchanges. Bittrex and Bitstamp of the US, Coins.ph as well of Bitso of Mexico are pioneering exchanges.

Encouragingly, unsubstantiated speculation has it that Binance will so join the ranks and effect crypto to fiat conversions. Considering Binance operations and their affinity for joining forces for the betterment of its ecosystem, that proposal would work.

All that is needed is a confirmation from Changpeng. If he nods, then the only path of least resistance, for an asset that is mainly consolidating, would be up. Before then, Ripple’s drive and inclination to build networks in emerging economies saw them open an office in Brazil securing the services of Luiz Antonio Sacco.

With a view of expanding across South America, their slot in Brazil is strategic as Eric van Miltenburg, Ripple’s SVP of Global Operations said:

“The company is experiencing rapid customer growth across all markets, and is launching in Brazil in response to high customer demand in South America.”

Candlestick Arrangement

Hovering in a 14 cents trade range, XRP bulls are not dominant. Albeit hints of demand in smaller time frames, prices are constant and trading in tight ranges. Regardless, previous XRP/USD trade plans are valid as long as prices are above 30 cents and 34 cents.

Going forward, it is exigent for buyers to maintain the same momentum. Upon breaking out from this trading range and closing above 50 cents, Fibonacci extension rules place the next feasible target at 60 cents.

That is the 1.618 level assuming prices don’t cave in below 34 cents. Therefore, as low as volatility is, there is a window for accumulation. As such, aggressive traders can buy the dips in smaller time frames while aiming at 50 cents.

Technical Indicator

With dropping participation diverging with prices, May 14th bull candlestick anchors this trade plan. Because of that, any upsurge above 50 cents triggering XRP demand must be with high trading volumes ideally surpassing 187 million of May 14th. That will confirm this trade plan’s bias, setting in motion the next wave that will possibly lift XRP to 80 cents.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

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.