• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
XRP

XRP Price Drops While 2 Bullish Events Are Kicking Off

Jake Simmons by Jake Simmons
5 months ago
in Ripple
Reading Time: 2 mins read
Advertisement
Advertisement

The XRP price cannot escape the broader market sentiment at the moment and was trading at $0.3781 at press time. With this, XRP was unable to defend yesterday’s gains of over 9%, and continues to show itself trapped in a price channel between $0.32 and $0.40.

The channel was established when XRP price fell from above $0.50 to near the 1-month low at around $0.32 on November 09 as a result of the FTX collapse. In the 1-hour chart, XRP is currently trading above the 50 and 100 Simple Moving Average (SMA), but below the 200 SMA.

Related Reading: XRP Price Rallies 15%, Why Ripple Could Outperform Bitcoin and Ethereum

To signal an uptrend, XRP price needs to climb above $0.40, and could then meet the first notable resistance at around $0.43, before facing major resistance at $0.50. To avoid another downside move, XRP should not fall below $0.3650.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
XRP price XRP/USD
XRP ranging, 1-hour-hour. Source: TradingView

Good News Incoming For Ripple And The XRP Price

In a recent tweet, Ripple announced an expanded strategic partnership with MFS Africa.

The fintech company has the largest mobile money presence in Africa with over 400 million connected users and over 800 payment corridors across the continent and growing. The blockchain company tweeted:

We’re thrilled to announce that our On-Demand Liquidity (ODL) solution is expanding via our partnership with MFS Africa ! Africa holds 70% of the world’s $1T mobile money value, and ODL will further enhance digital payment rails across the continent.

The new partnership is designed to optimize real-time mobile payments for their customers in 35 countries. Notably, the XRP-based payment On-Demand Liquidity Solution (ODL) will play a role.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Related Reading: Why XRP Holders Who Are Taking Profit Should Check These Data In The Coming Days

The goal with this is to bypass friction and bottlenecks associated with sending money across borders via traditional payment systems. On the potential, Ripple writes:

While mobile money users in Africa have grown exponentially in recent years, the number of users worldwide is expected to reach 70% of the global population.

Another event XRP that could impact the XRP price massively is “Swell Global”. The annual event will take place in London this year, from Nov. 16-17.

Notable speakers will include Brad Garlinghouse (Ripple CEO), Eowyn Chen (Trust Wallet CEO), Jorn Lambert (Mastercard, Chief Digital Officer), Emma Joyce (GBBC Digital Finance, CEO), Alex Manson (SC Ventures) and Derrick Walton (Bank of America, Head of GTS Emerging Payments and Innovation).

Among others, James Wallis, head of RippleX, will discuss “Strategy and Best Practices For Central Bank Digital Currencies”. In addition, Wallis will announce the winners of the “CBDC Innovate Global Hackathon”.

On the second day, Derrick Walton of Bank of America will participate in a discussion panel on the role of commercial banks in the adoption of CBDCs. Mastercards Lambert will talk about the question: “Is Cryptocurrency The Next Internet?”.

A major news could give new life to the XRP price.

The day has finally arrived! @BGarlinghouse will soon be kicking off #RippleSwell Global in London surrounded by our esteemed speakers, valued customers, and riveting discussions on the latest in #crypto.

Check back in for updates you won’t want to miss! pic.twitter.com/HFz5g3Xmf2

— Ripple (@Ripple) November 16, 2022

Tags: Ripplexrp
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Jake Simmons

Jake Simmons

Related Posts

XRP

John E. Deaton Claims XRP Is The Top Altcoin With A Comeback Story

4 days ago
XRP

XRP “Social Dominance” Hits 1-Year High, Here’s What This Means

5 days ago
Ripple XRP

Ripple Scores New ODL Partner As XRP Bulls Target These Price Levels

1 month ago
XRP Whale Moves $19.7 Million Away From Binance, Bullish Sign?

XRP Whale Moves $19.7 Million Away From Binance, Bullish Sign?

1 month ago
XRP Japan

Study: XRP More Popular In Japan Than US, But Bulls Lack Strength

1 month ago
Ripple XRP

XRP Price Still Looks Bearish, But This Ripple Visa Rumor Might Change It

2 months ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    2 weeks ago
  • Crypto Investment for Long Term Growth in 2023

    2 weeks ago
  • 5 Cryptocurrency To Invest In 2023

    2 weeks ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • The Next Big Players in DeFi: Aptos (APT), Polygon (MATIC)...

    2 mins ago
  • Ripple XRP Price Prediction 2023 – 2025 plus 5 Tokens...

    13 hours ago
  • Ethereum Price Prediction 2023 – Why This New Meme...

    17 hours ago
  • Discover Big Eyes Coin And Optimism As They Continue To...

    20 hours ago
  • Ethereum’s Shanghai Upgrade Goes Live April 12...

    20 hours ago

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

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

Technical Analysis

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

Company

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

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.