• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Ripple

XRP Bulls Await Ripple Labs’ Bank Partnerships And Collaborative Efforts

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in Ripple
Reading Time: 2min read
Altcoins Technical Analysis
Advertisement
Listen to Article
  • Ripple (XRP) sinks 4.1 percent
  • Collaboration with traditional banks will cement Ripple Inc’s position as a provider of SWIFT alternative

The casual handling of Coin Metrics report could end up biting Ripple, that’s according to a crypto advocate Fernando Nieto. At spot rates, Ripple (XRP) is back to consolidation as bears flirt with our immediate support at 34 cents.

Ripple Price Analysis

Fundamentals

That Ripple’s goal is to see speed, efficiency, and a system that benefits the unbanked is true. To that end, they are developing a solution that is irresistible for bankers. Incorporating speed, efficiency, and cost savings, Ripple now has a foothold in Southeast Asia and the Middle East through their fruitful collaboration with SAMA of the Kingdom of Saudi Arabia.

Even so, the consensus is that the network cannot shift gears, operate full throttle without addressing regulatory and centralization concerns. Of note, the handling of XRP escrow as per Coin Metrics report.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

With David Schwartz handling it casually, an analyst now says the discrepancies of Ripple Labs reporting and the deviation away from the laid-out procedure, which was set out back in 2017, could negatively impact prices. Fernando Nieto, a developer and cryptocurrency advocate said on the matter:

“Coin issuance schedule has an impact on market price. The greater the amount of new coins put in circulation; the more capital is required to flow into the currency every day to keep the price. Monetary inflation consumes liquidity, so currencies with high inflation will tend to be less valuable and more volatile.”

Candlestick Arrangement

Ripple XRP

Down 4.1 percent and 17.6 percent in 24 hours and from last week’s close, respectively, Ripple (XRP), albeit the selling pressure, is stable. As seen in the chart, the digital asset is ranging in between its local peaks of 40 to 43 cents and the range low of 30 cents.

As a result, it is clear that prices are in range mode, allowing aggressive traders to load up in smaller time frames as long as prices are above the Feb to Mar 2019 highs. Because of this, our XRP/USD trade plan remains valid, but conservative traders should maybe stay out of the game right now.

However, once there is a satisfactory break and close above our immediate resistance, caused as a result of at the back of high trading volumes, conservative traders should be free to buy on dips, and should target 60 cents and beyond.

Technical Indicators

Our anchor bar is May 19th bar with 56 million versus 68 million of volumes. For trend continuation, breaks above 43 cents ought to exceed 56 million on the lower limit or 187 million of May 14th.

On the other hand, liquidation below 34 cents with participation exceeding 56 million will invalidate our short-term trend. Furthermore, sell-offs below 30 cents with higher volumes above 187 million will usher in sellers aiming at 25 cents.

Chart courtesy of Trading View. Image Courtesy of Shutterstock
Tags: David SchwartzRippleripple labsxrp
TweetShare101
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

What Are Ripple’s Chances of Beating The SEC in Court?

What Are Ripple’s Chances of Beating The SEC in Court?

3 weeks ago
Ripple Fires Back Saying SEC to Blame For Harm to Innocent XRP Holders

Ripple Fires Back Saying SEC to Blame For Harm to Innocent XRP Holders

3 weeks ago
Ripple CEO Turns Down SEC Settlement Offer Electing to Fight Charges Instead

Ripple CEO Turns Down SEC Settlement Offer Electing to Fight Charges Instead

1 month ago
Buterin Blasts Ripple’s Defence Against Pending SEC Lawsuit

Buterin Blasts Ripple’s Defence Against Pending SEC Lawsuit

1 month ago
Ripple’s XRP Slides 13% on SEC Lawsuit Worries; What’s Next?

Ripple’s XRP Slides 13% on SEC Lawsuit Worries; What’s Next?

1 month ago
IRS Clamps Down on Airdrops Starting With Ripple’s Spark Token Airdrop

IRS Clamps Down on Airdrops Starting With Ripple’s Spark Token Airdrop

2 months ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Cryptowisser Releases Report on Exchanges With Lowest Fees

January 22, 2021

LABS Group Announced Strategic Partnership with Centifuge to Provide DeFi Collateralized Property Backed Lending

January 22, 2021

Jump-starting Crypto Adoption: Aurix IEO Scheduled for January 21st on ExMarkets!

January 22, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.