Ripple (XRP) See-Saws, Bulls Flowing In, 40 Cents Possible

Dalmas Ngetich

1 year ago

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ripple prices up, could print above 40 cents
Binance’s Trust Wallet offer XRP support
Transaction volumes likely to increase as XRP close above 40 cents

Binance will continue supporting Ripple (XRP) as long as it is a utility. Therefore, with these developments, odds are XRP prices will close above 40 cents and even 60 cents.

Ripple Price Analysis

Fundamentals

Pointing out that in the last AMA session someone said he was the leader of the so-called XRP Army Changpeng Zhao has announced that their latest acquisition, Trust wallet, now supports XRP and credit card purchases.

“We are happy to announce that we are releasing support for XRP. A lot of you have been asking for this addition. And it goes back to our promise of adding the top 20 cryptocurrencies. It was only a matter of time until we completed the Top 3 cryptocurrencies by market cap with newly integrated XRP.”

Fiat support is possible thanks to Binance partnership with Simplex back in January. The announcement is days after Binance rolled out the first of the kind open source, cross-blockchain Trust Wallet Core allowing interested developers to build decentralized dApps and their version of wallets or adapt wallets to the new platform thereby expanding its capacity.

“Our main motivation for open-sourcing was to enable developers to build their dApps and wallets natively without having to worry about the low-level implementation details. We know that working together as a community is better for everyone.”

From all indications, it is likely that Trust Wallet—now that it is open source with cross-blockchain capabilities, will be incorporated in the Binance DEX which is in test-net.

Candlestick Arrangement

Despite this, Ripple (XRP) prices are flat and trending in a tight trade range. Nonetheless, we are bullish and expect a breakout above 34 cents and 40 cents in days ahead. Founding our optimism are supportive candlestick arrangements and solid fundamentals.

In the daily chart, prices are consolidating. Besides, with a flat MA and a BB squeeze, a breakout is on the cards. Additionally, the failure of bears to satisfactorily reverse gains of Feb 25 confirming losses of Feb 24, buyers have the upper hand from an effort versus result perspective.

The only way for buyers to be in charge is if prices rally above 34 cents confirming bulls of Mar 5.

Technical Indicators

We expect XRP prices to print higher and confirm the bulls of the London session. However, for trend resumption and momentum building, highs of Mar 5 must be cleared. Blasting these highs should be a bar with high volumes exceeding 14 million average and 18 million of Mar 5.

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.