XRP vs. Stellar Lumens [XLM] Price Analysis: XLM prices perform better than its rival, XRP

XRP and XLM joined other altcoins and pumped on the back of Bitcoin’s sudden surge. XRP and XLM continued the same trend, at press time.
The price of XRP was $0.36 with a market cap of $14.9 billion, while the price of XLM was $0.128 and the market cap was hovering at $2.45 billion, at press time. XRP, the third largest cryptocurrency by market cap, was facing competition from XLM after Stellar and IBM partnered with a vision to develop a cross-border payments system.
Ripple’s xRapid already has 200+ partners signed up to use Ripple’s blockchain technologies. However, a few of these use xRapid technology to transfer funds across borders by leveraging XRP. World Wire, developed by IBM in tandem with Stellar, will do the same things as xRapid, but is currency agnostic and hence, any currency, including XLM, can be used.
XRP 1 Day chart
Source: TradingView
Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041
The Aroon indicator showed a falling downtrend and an uptrend, which indicated XRP prices heading into the consolidation phase or sideways movement.
The Chaikin Money Flow crossed the zero-line to the bottom, indicating that money was flowing out of the market.
The Relative Strength Index was above the 50-line, indicating higher buyers’ momentum.
XLM 1 Day chart
Source: TradingView
Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796
The Aroon indicator for XLM showed a rising downtrend, while the uptrend i.e., the Aroon green line was collapsing. This indicated an increase in the strength of the downtrend.
The Chaikin Money Flow for XLM was above the zero-line, indicating steady money flow into the XLM market since 1 February, 2019.
The Relative Strength Index was above the 50-line, indicating that the momentum was skewed towards the buyers.
Conclusion
XRP indicated that it was going into a consolidation phase after the recent pump, while XLM prices were holding up well and indicated a slightly bullish trend, as confirmed by Aroon, Chaikin Money Flow and Relative Strength index indicators.
The post XRP vs. Stellar Lumens [XLM] Price Analysis: XLM prices perform better than its rival, XRP appeared first on AMBCrypto.
Source: AMB Crypto

Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion

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Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion
Tata Consultancy Service, a part of Tata Group, has mentioned that its Quartz blockchain solution will now work with RippleNet.
Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion

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Source: CoinSpeaker

Santander Announces Huge Upgrade for Its Ripple-Based One Pay FX App

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Santander Announces Huge Upgrade for Its Ripple-Based One Pay FX App
Spanish banking giant Santander is planning a massive expansion of its international payment platform One Pay FX app, which currently operates in 19 countries, including the US.
Santander Announces Huge Upgrade for Its Ripple-Based One Pay FX App

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Source: CoinSpeaker

Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Ripple-Powered XRPL Labs Set to Launch New XRP Payments App
XRPL Labs, a startup backed by Ripple, wants to make the process of accepting XRP easier for merchants as a mainstream option. The company has designed a payments app that will act as the transition that they need as a point-of-sale system.
Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Source: CoinSpeaker

BitStamp, Bitso Ripple (XRP) Volumes Spike, Will Prices Follow Suit?

Ripple prices up 1.3 percent
Volumes surge as xRapid benefits flow

Bitstamp, Bitso, and Coins.Ph XRP related volumes are surging. As a results, it could support Ripple (XRP) prices as xRapid is now commercially available. Now that prices are steady in a bullish arrangement, it is likely that prices will break higher towards 40 cents as our trade conditions come to live.
Ripple Price Analysis
Fundamentals
We are in the early stages of a remittance revolution. Banks changing their time-tested systems in response to new technology seldom happen. They need evidence of efficiency, and Ripple Inc is fronting a solution that promises to change status quo and change the lives of the unbanked and those who pay intermediation fees cutting deep into their earnings.
Good news is more and more banks are reaping benefits of leveraging xCurrent or xRapid. The latest to join the fray was Federal Bank, the sixth bank from India to upgrade and settle on Ripple solutions. We are yet to determine which of the three options they prefer but should they choose xRapid then XRP prices could increase in response.

Some quick stats on Bitstamp -> https://t.co/8ifOy81Qdy over the past week or so. Noticeable jump in transfer frequency and average size pic.twitter.com/t0Jz92uXLc
— BehindtheLedger (@behindtheledger) March 29, 2019

Already, XRP prices are inching higher, reversing from current lows now that xRapid as a liquidity provider is commercially available. Keen XRP enthusiasts discovered a spike in transaction levels between BitSo, Bitstamp, and Coins.Ph, two of Ripple Inc recommended exchanges. Bitso facilitates transfers between the US and Mexico while Coins. Ph opens up the US—Philippines corridor with Bittrex as well as BitStamp facilitating USD conversion via xRapid.

Bitso's xrp/mxn pair, which was #150 on Coinmarketcap's volume ranking two days ago, has jumped up to #84 pic.twitter.com/8w3XZwM0mu
— BehindtheLedger (@behindtheledger) March 29, 2019

Candlestick Arrangements

At the time of press, XRP is up 1.5 percent from yesterday’s close, inching higher as prices correct Mar 26 under-valuation. All in all, what is apparent is that Ripple (XRP) bulls are once again finding support from Q1 2019 lows and could rally from Jan 30 lows more so if bulls build enough momentum closing above our minor resistance line at 34 cents.
Encouragingly, volumes are increasing as prices expand meaning there is a likelihood of this BB squeeze breaking above 34 cents as bulls of Sep 2018 flow cementing our overall bullish stance.
Complementing this is the fact that prices are trading within Jan 30 high-lows which from an effort versus results perspective is supportive of our projection.
Technical Indicator
Like we mentioned above, bulls are firm, and participation is picking up as prices bounce off from 30 cents, the first level of support. As aforementioned, bulls are technically in control if we consider the relation between bulls and bears off Jan 30 bar. Thirty-two days after printout, price action is concentrated on its lower half as prices consolidate above 30 cents meaning bulls are likely building up momentum in readiness of a lighting breakout above 40 cents.
Chart courtesy of Trading View
The post BitStamp, Bitso Ripple (XRP) Volumes Spike, Will Prices Follow Suit? appeared first on NewsBTC.
Source: New feedNewsBTC.com

XRP and Stellar Lumens [XLM] Price Analysis: XLM rides the bull while XRP crumbles under bearish pressure

Considering the recent price fluctuations, it is now safe to say that XLM has become Ripple and XRP’s nemesis. XLM has been performing slightly better than XRP on the daily chart. The price of XRP, at press time, was $0.3076 and the market cap was $12.83 billion, while the price of XLM was $0.107, registering a market cap of $2.06 billion.
XRP is the third largest cryptocurrency, while Stellar Lumens [XLM] is slowly climbing the charts as it was the eighth largest cryptocurrency, according to data obtained from CoinMarketCap.
XRP
Source: TradingView
Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041
The Aroon indicator showed a rising downtrend that reversed. However, the uptrend also collapsed.
The Chaikin Money Flow crossed the zero-line, indicating that money is flowing into the market.
The Relative Strength Index was near the 50-line, indicating an equilibrium between the buyers and the sellers.
XLM
Source: TradingView
Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796
The Aroon indicator for XLM showed a rising downtrend that soon reversed, which was quite similar to that of XRP. However, the uptrend also collapsed.
The Chaikin Money Flow for XLM has been above the zero-line, which indicated steady money flow into the XLM market since February 01, 2019.
The Relative Strength Index was above the 50-line, which indicated that the momentum is skewed towards the buyers.
Conclusion
XRP showed an overall consolidating move as indicated by the Aroon, CMF, and RSI. The XLM daily chart showed a higher bullish momentum than that of XRP.
The post XRP and Stellar Lumens [XLM] Price Analysis: XLM rides the bull while XRP crumbles under bearish pressure appeared first on AMBCrypto.
Source: AMB Crypto

Ripple-Powered MoneyTap Receives Investing from 13 Leading Banks, Announces SBI Holdings

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Ripple-Powered MoneyTap Receives Investing from 13 Leading Banks, Announces SBI Holdings
Ripple is receiving investments from 13 banks into its MoneyTap App, which handles money transfers between banks as well as between individuals via smartphones. The app does not use XRP, but employs xCurrent for powering payments.
Ripple-Powered MoneyTap Receives Investing from 13 Leading Banks, Announces SBI Holdings

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Source: CoinSpeaker

XRP and XLM Price Analysis: Rival coins show bearish pressure of slightly different magnitudes

XRP and XLM became rivals ever since IBM and Stellar launched World Wire, a direct competitor to Ripple’s xRapid. However, the prices of XRP and XLM seemed to be stagnating.
The price of XRP dropped by approximately 7% over four days and broke two major supports. XLM dropped by 11% in the same timeframe and also broke its immediate supports.
At press time, the 24-hour price change showed that XRP was down by 1.92% and that XLM was down by a massive 5.10%.
The price of XRP was $0.3038, with a market cap of $12.62 billion. The price of XLM was $0.10, with a market cap of $1.92 billion.
XRP
Source: TradingView
Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041
The Aroon indicator showed a rising downtrend, suggesting a bearish pressure looming over XRP.
The CMF was below the zero-line, which also indicated a bearish pressure and an outflow of money.
The Relative Strength Index showed a dipping line, indicating buyers’ waning momentum.
XLM
Source: TradingView
Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796
The Aroon indicator showed a declining uptrend, while the downtrend showed complete exhaustion. This suggested a consolidation in play.
The CMF indicator pictured declining money influx into the XLM market.
The Relative Strength Index for XLM was similar to that of XRP, with the buyers’ momentum waning.
Conclusion
Strong bearish pressure was seen for XRP in the daily chart, as indicated by Aroon, CMF, and RSI indicators. The XLM daily chart showed a slightly bullish trend owing to the projections made by its indicators.
The post XRP and XLM Price Analysis: Rival coins show bearish pressure of slightly different magnitudes appeared first on AMBCrypto.
Source: AMB Crypto

Western Union Ties Up with Stellar-backed Thunes for Direct Mobile Wallet Transfers

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Western Union Ties Up with Stellar-backed Thunes for Direct Mobile Wallet Transfers
With the help of Stellar-backed Thunes, Western Union is going to allow its clients to transfer funds directly to mobile wallets globally.
Western Union Ties Up with Stellar-backed Thunes for Direct Mobile Wallet Transfers

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Source: CoinSpeaker

XRP: Santander apologizes for misinformation regarding usage of XRP for international transfers

Santander, a Ripple partner and leading retail and commercial bank headquartered in Spain, apologized in a tweet about misinformation regarding the use of XRP for international payments and corrected their statement hours after the incident.
A Twitter user Wes G [@wesgranger] tweeted:
“Hi all how is Santander getting on with using XRP for payments ?”
Santander replied saying that they were using XRP for international payments.

Hey Wes, we're doing great. We're using XRP for international payments to 18 EU countries and the USA. This is on our iPhone app called One Pay FX. ^TC
— Santander UK Help (@santanderukhelp) March 23, 2019

Santander’s tweet sent the XRP fans into a frenzy as they ‘found proof’ that Santander was using xRapid for international transfers.
This development was important as the XRP community believed that xRapid and xCurrent 4.0 [which also uses XRP] would push the price of XRP higher. This has been the long-standing belief of a lot of people in the XRP community.
xRapid is a payment solution developed by Ripple that leverages XRP to source liquidity and allows payments to flow without friction across the borders. Ripple partnered with more than 250 partners, including banks and other financial institutions, in order to bring them onto a single network called RippleNet.
There were a few who weren’t sure about the rumor and said that if XRP was actually being used by Santander, there would be a huge volume on the XRP Ledger.
However, Santander corrected their statement a few hours later via a tweet that read:
“We are sorry, unfortunately due to a misunderstanding we have given incorrect information. We do apologise for the confusion this has caused. One Pay FX uses xCurrent only.”
This was the second rumor that the XRP community braced with after misinformation about the Cobalt update was put to rest by the lead scientist at Coil, who is also the main man behind the update.
@stefanhash, a Twitter user commented:
“Well #xcurrent has #xrapid integrated ! They didn’t mistake , they just realize they give inside informacion !”
@francovgaete, another Twitter user commented:
“kind of relief.. if volume and prices are like this even with them using #xrp to move money to over 18 countries, then something was very wrong…. phew!!”
The post XRP: Santander apologizes for misinformation regarding usage of XRP for international transfers appeared first on AMBCrypto.
Source: AMB Crypto

xRapid will not ‘flip the switch’ on XRP price, say prominent XRP community enthusiasts

XRP, the cryptocurrency closely related with the company Ripple, has been at the center of speculation and arguments, with respect to xRapid and XRP’s price.
There have been a lot of accounts on Twitter promoting the fact that the price of XRP will rise and shoot to the moon, after banks and financial institutions start using xRapid for cross-border payments.
The most famous theory put out by people was the price of XRP hitting $589 by the end of 2018, which didn’t happen.
However, a recent conversation started by prominent XRP enthusiasts, has suggested that xRapid would not massively affect the price of XRP.
Nayer Malik [@sinjunsmyth], a Twitter user, stated,
“@galgitron @Hodor @jungleincxrp @C3_Nik …Guys what r ur thoughts on Bob Way’s view regarding X-Rapid usage not increasing the price in and of itself?”
In response, Galgitron [@galgitron], a prominent XRP enthusiast and a contributor to the XRP community, added that he had “been saying that all along.” In one of his blogs Galgitron stated,
“Sure, there may be some massive FOMO buy-in once banks announce they are starting to use xRapid, and that will send the monkey [price action] hundreds of feet into the air, but, only speculation creates parabolics..”
C3|Nik [@C3_Nik] acknowledged the above and replied,
“It was seen like blasphemy to say that xRapid would not move prices that much by itself (e.g. “not the flip-the-switch kind of event”). It is interesting that the people who spread that narrative and misled others still have so many followers. Selling dreams.”
A Twitter user, @Crypt_Megalodon, voiced his opinion, which was different from the others. He tweeted,
“Well when you consider the US money supply being 15 trillion alone, the XRP cap doesn’t worry me. If/when XRP becomes the standard world wide, inflation will be rapid with mass adoption. I agree, with years, but, the value can be prodigious! The cryptoloution has already started.”
Considering the price of XRP at press time was only $0.31, and that there were more than a couple of Ripple customers that had already started using xRapid for cross-border transactions, the increase in the price of XRP due to xRapid seemed highly unlikely.
The post xRapid will not ‘flip the switch’ on XRP price, say prominent XRP community enthusiasts appeared first on AMBCrypto.
Source: AMB Crypto

Mercury FX Makes History Completing First Commercial Payment with Ripple’s xRapid

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Mercury FX Makes History Completing First Commercial Payment with Ripple’s xRapid

Ripple’s xRapid allowed Mercury FX to complete the payment in a few seconds compared to 31 hours usually required. What is more, the fees saved made up $102.

Mercury FX Makes History Completing First Commercial Payment with Ripple’s xRapid

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Source: CoinSpeaker

Ripple/XRP: Mercury FX completes first commercial payment to Philippines using xRapid

Ripple’s plan to emerge as a leader in the field of global payments settlement were boosted after its partner, Mercury FX, successfully completed a cross-border payment to the Philippines on February 5, 2019.
Mercury FX tweeted,
“Mercury has just made history and completed the first ever commercial payment using #xRapid to the Philippines… The payment was made for an individual client to pay for his honeymoon at the @edgewaterdive Spa Resort in the Philippines.”
The company further mentioned that they were open for business for payments to two countries, Mexico and the Philippines. The fact that the movement of cryptocurrency payments between the two countries was processed within seconds suggested that the technology around payments is radically improving.
According to Mercury FX’s tweets, people can now send money by opening an account that supports over 40 currencies. However, any such payment has to be over £5,000 for it to be profitable.
At the recent Ripple Regionals conference, Alastair Constance, the CEO, and founder of Mercury FX, stated,
“We did our first live commercial payments a couple of weeks ago. So we are now making payments for a UK corporate to Mexico to import Mexican food. And they are moving a lot faster than payments would go through Swift, at a much lower cost…”
Constance revealed the company’s future plans at the same conference, which involved the expansion of their xRapid corridors by setting up shops in the Middle East and Canada.
Apart from Mercury FX, banks in the UAE are already gearing up to establish xRapid corridors, according to Mohsen Al Zahrani, VP Strategy & Excellence at Saudi Payments. He also said that two banks in the UAE will be going live soon. SendFriend, another startup that focuses on cross-border payments to the Philippines to help overseas Filipino workers is already using xRapid.
@sarcasticlegend, a Twitter user commented,
“But wouldn’t it have been easier for him and the spa to both prefund a lightning channel…send 20-30 smaller payments to not clog the system (so it had a good chance of going through) and wait 24 hours praying a node didn’t go offline during the transaction?
What’s the hurry?”
A Twitter user @kalycabos tweeted,
“congratulations and welcome to the new era of cross-border transactions business!!!”
The post Ripple/XRP: Mercury FX completes first commercial payment to Philippines using xRapid appeared first on AMBCrypto.
Source: AMB Crypto

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

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Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

Coinhako announced listing XRP on its platform and mentioned the XRP pairings with SGD, IDR, and VND. 

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

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Source: CoinSpeaker

SBI CEO: ‘Every Bank In Japan Will Use Ripple’s XRP By 2025’

CoinSpeaker

SBI CEO: ‘Every Bank In Japan Will Use Ripple’s XRP By 2025’

Ripple‘s XRP token currently bears further uplifting news as SBI, which is a Ripple enthusiast, has planned to have a few banks in Japan and utilize the token by the 2025 Osaka Expo.

SBI CEO: ‘Every Bank In Japan Will Use Ripple’s XRP By 2025’

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Source: CoinSpeaker