New Petition Wants Ripple to Stop Dumping XRP into the Market

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New Petition Wants Ripple to Stop Dumping XRP into the Market
A new petition requires Ripple to stop dumping XRP which could ensure a stronger demand for the coin and would let its price grow naturally.
New Petition Wants Ripple to Stop Dumping XRP into the Market

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Source: CoinSpeaker

Ripple (XRP) Prices in Consolidation Mode Despite Institutional Demand

Ripple (XRP) prices are firm above 30 cents
XRP sales in Q2 2019 topped $251 million

Ripple’s Q2 2019 XRP market report is enlightening. Revealing the level of XRP demand, investors now know that institutions form the bulk of buyers. In the medium-to-long term, this will help strengthen bulls targeting 50 cents and 80 cents respectively.
Ripple Price Analysis
Fundamentals
Before shifting strategy, Ripple’s solutions were meant for institutions. As a distributed ledger technology firm with interests in global payment, their decision to focus on individuals is proving to be a stroke of genius. Not only are they positively impacting livelihoods, but statistics reveal that deep-pocketed institutions are interested with XRP.
The coin is both a utility and a liquidity agent, useful for xRapid. Hints of demand were made clear from the recent market report, detailing Ripple’s progress in Q2 2019. Emerging from the brief is the irrefutable interest of XRP from institutions.
For example, in Q2 2019, the total sale of XRP rose by 48 percent to $251 million from $169 million of Q1 2019. From this, the demand from institutions was 73 percent of the total sales.
In summary, these are Q2 2019 highlights as drawn from the XRP market report:

The overall market capitalization of digital assets sharply increased in Q2.
Ripple sold $251.51 million XRP in Q2 2019 and is substantially reducing future sales of XRP.
Given the concerns about overstated market trading volumes, CryptoCompare will be Ripple’s primary benchmark for XRP market volume going forward.
Three billion XRP were released out of cryptographic escrow, 2.10 billion returned to escrow.
XRP is now listed on over 130 exchanges worldwide.

Candlestick Arrangements

From an investor’s perspective, the involvement of institutions is unequivocally bullish. Besides, Ripple’s plan of improving transparency is a big plus.
Therefore, while XRP is flat-lining but trending above 30 cents, Q2 2019 report could shape investor sentiment. In that case, prices may correct higher in line with previous XRP/USD trade plans. Presently, there is liquidation pressure but XRP buyers are resilient.
As such, every retracement is an opportunity as reiterated before. For the risk-averse, trend continuation will be valid once prices edge past 40 cents, ideally boosted by above-average participation.
In light of this, aggressive traders can buy the dips with a fitting stop-limit just below 30 cents. The first target will be 40 cents. On the flip side, sharp losses below Q1 2019 primary support with high trading volumes would trigger a precipitous fall to 20 cents.
Technical Indicators
Because of the above, July 10 bear candlestick is leading. It pierced below the 40 cents support, now resistance. Furthermore, it is unique with high trading volumes of 40 million. As a result, any surge above 40 cents, ushering bulls, ought to be with high participation with similar or better trading volumes.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple’s Asheesh Birla requests SEC’s Hester Peirce for a timeline on bringing clarity to crypto-regulations

Cryptocurrency regulations in the U.S. have been nothing but tough for both the SEC and the companies working on cryptocurrencies. Companies like Ripple, whose products involve the usage of cryptocurrencies, have regularly faced setbacks in terms of innovation due to a lack of regulatory clarity. At the Fortune Brainstorm tech event, Ripple’s Asheesh Birla asked […]
The post Ripple’s Asheesh Birla requests SEC’s Hester Peirce for a timeline on bringing clarity to crypto-regulations appeared first on AMBCrypto.
Source: AMB Crypto

Exclusive: IBM Blockchain’s Todd Scott on Maersk, World Wire and Food Trust

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Exclusive: IBM Blockchain’s Todd Scott on Maersk, World Wire and Food Trust
Todd Scott, vice president of IBM Blockchain Global Trade spoke about blockchain projects IBM is engaged in as well as IBM’s cooperation with Stellar. He also said that Wold Wire will enable the use of stablecoins, and much more.
Exclusive: IBM Blockchain’s Todd Scott on Maersk, World Wire and Food Trust

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Source: CoinSpeaker

Ripple: SendFriend’s xRapid-powered remittance service to the Philippines goes live

The Philippines has been one of the key focus areas for Ripple, one of the world’s leading fintech firms. The firm that utilizes XRP to settle cross-border payments, which is faster, cheaper and frictionless than other service providers, partnered with SendFriend in order to establish a proper base in the country. The reason behind Ripple’s […]
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Source: AMB Crypto

Ripple Ambitious, XRP Prices Break Out From A Bull Flag

Ripple (XRP) bullish after June 22nd price rally
Over the counter (OTC) XRP trading and non-disclosure agreement could be limiting bullish price action. 

Relative to BTC or ETH, XRP is lagging. Even though there is Libra and much hubbub about MoneyGram, bulls will begin to show their faces once again once there is a close above 50 cents.
Ripple Price Analysis
Fundamentals
The cryptocurrency landscape can be overwhelming. Complex and multifaceted, the so-called “cryptosphere” is an amalgam of diverse fields. As a result, crypto and blockchain is a melting pot. Armed with clashing opinions, analysts are always at loggerheads.
Despite the diversity in the cryptocurrency asset class, most prefer investing in Bitcoin. However, XRP is breaking away from BTC’s influence. Acting as a base asset for most crypto-to-crypto trading pairs, BTC has a direct correlation with most digital assets. But, as mentioned, XRP is gradually pulling away.
Confined in a trading space for the first half of the year, XRP is ranging and likely undervalued. Even though recent events could catalyze participation by bulls, attracting investors to the third largest asset, most are skeptical.
Because Ripple controls most of XRP in circulation, there are claims of centralization — and even manipulation as some suggest Ripple tries to keep prices as low as possible. That and countless non-disclosures with partnering financial institutions buying XRP through over-the-counter exchanges, supply-demand statistics are not readily available.
It is only after Ripple’s decentralization strategy is fully implemented that market forces would satisfactorily price XRP.
Candlestick Arrangements

Even so, XRP demand is up at the time of writing. Changing hands at 46 cents and 16.1% higher from last week’s settlement price, bulls are vibrant. Regardless of liquidation of the last 24 hours, the path of least resistance is northwards. It is easy to see why.
First, notice that XRP is trading within a bull flag, within May 2019 trade range. However, before today’s stagnation, June 22nd breakout above the resistance trend line, at the back of high trading volumes, signal buyers.
In that case, risk off traders can buy the retracements while aiming at 60 cents. Meanwhile, if buyers build up momentum leading to a close above May high at 50 cents with equally high participation, conservative traders can buy the breakout. Targets will be at 80 cents and $1.40.
Technical Indicators
Anchoring this XRP/USD trade plan is June 22 bull candlestick. Reflecting its significance is participation at 113 million.
Therefore, any breakout above 50 cents or confirmation of the leading bar, thrusting prices over and above 43 cents ought to be with better trading volumes exceeding 113 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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SendFriend Launches XRP-based Cross-border Payments in New Jersey

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SendFriend Launches XRP-based Cross-border Payments in New Jersey
SendFriend incorporates Ripple’s xRapid software to enable Filipinos in the US to cut costs while sending money back to the Philippines in seconds instead of days.
SendFriend Launches XRP-based Cross-border Payments in New Jersey

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Source: CoinSpeaker

Latin American banks test Ripple’s xCurrent payment solutions; eyes XRP-based xRapid solutions

Facebook’s announcement of Libra has allowed cryptocurrencies to gain mainstream attention, inadvertently helping Ripple, suggested Brad Garlinghouse during the recent Brainstorm Finance 2019 event. In a recent development, Latin banks – Banesco Panama and Scotiabank Chile have reportedly run proof-of-concept for cross-border payments with Ripple. According to iupana, Banesco Panama is aiming to use blockchain technology […]
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Source: AMB Crypto

Up 15.1%, Ripple (XRP) Likely To Emulate BTC’s Performance

Ripple (XRP) up 15.1 percent
Widespread use of xRapid is the only insurance for XRP investors

Armed with solutions that speed up processes, Ripple may replace SWIFT. Use of xRapid draws demand. For XRP investors, widespread adoption is the only route for better prices. Expectedly, demand for XRP will fuel the next wave, propelling prices out of this 10 cents range towards 60 cents or higher.
Ripple Price Analysis
Fundamentals
There is hype around Libra and Facebook’s Libra. Supporters argue that Ripple will  weather through Libra disruption and cement its position as a cheaper alternative for the unbanked. Given the edge that Ripple as a platform has like speed, the entry of Libra will no doubt be a game changer.
However, countering Facebook’s broad base, Ripple will capitalize on their growing number of banks and payment processors. Aware that Libra could disrupt existing financial and money transfer landscape, Ripple could offer a way through.
MoneyGram is indisputably a selling point. Despite struggling with finances, leveraging xRapid will be the turnaround for MoneyGram investors. The option is speedy, efficient, and above all, equally beneficial for XRP investors in that demand will mostly stem from their operations.
Furthermore, through Xpring, is financing startups that are actively building use case around XRP. Wietse Wind and Stefan Thomas are rolling out products that in the long run, allows XRP not only to be a bridge currency but as a medium of exchange.
Candlestick Arrangement

Price wise, XRP bulls are on a roll. Even though they are struggling below 50 cents, there is a notable spike in activity. Catalyzing this are external events like the rise of BTC and fundamental factors favoring xRapid use.
From the charts, it is essential that bulls generate enough momentum, thrusting prices above 50 cents with high transaction volumes. After all, XRP is technically bullish if dissection is from a top-down approach.
Note that XRP prices are oscillating within the week ending May 19th bull candlestick. Instead, the bullish bar is also within the trend defining Sep 2018 candlestick. The failure of bears to wipe out May gains a hint of underlying demand. As such, aggressive traders can load up in readiness for a probable close above 50 cents with targets at 60 cents and higher.
Technical Indicators
Trading volumes matter in this trade plan. Revealing the correct trend and willingness of participants, it would be perfect if the rally past 50 cents is with high trading volumes exceeding 94 million of May 30th. That will surpass current averages of 32 million as bulls commit.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple executives discuss the need for XRP and on-demand liquidity in RippleNet

Ripple has been known to create waves when it comes to making money flow like information does – smoothly. They’ve achieved this through the use of blockchain technology and cryptocurrency, XRP. RippleNet is a web of all the users that can move money around without massive friction by the use of Ripple’s xCurrent, xRapid, and xVia.
In the recent episode of Ripple Drop, Pegah Soltani, Ripple’s Senior Market Intelligence Manager, spoke about RippleNet and said that SMEs and other individuals who have problems gaining access to global payments can make use of RippleNet, without friction.
She added:
“In small business payments and market place payout is where we see the most opportunity; It is a $10 to $15 trillion market growing at a 5-10% per year. And in emerging markets where the pain points are the highest and the customers are least well-served, is where we think we can double-down on.”
Kevin Mole, vice president of product marketing spoke about on-demand liquidity and how XRP plays a huge role in the same. He also outlined how liquidity can solve problems of legacy payment systems.
Mole said:
“On-demand liquidity is the way for customers to send fast, low-cost payments, without having to pre-fund destination accounts. On-demand liquidity puts XRP in the middle of that payment, from one country to another.”
Ripple’s xRapid makes use of XRP as a way to source liquidity to facilitate the transaction. Since XRP Ledger allows settlement of transactions in under 5 seconds, the cross-border payments typically take about the same time to complete a transaction. However, traditional payment methods require banks to have Nostro-Vostro accounts which needs massive amounts of cash to be stored as liquidity. xRapid takes away all that and makes a cross-border transaction happen within seconds, which otherwise would normally take days.
Mole further added that on-demand liquidity was currently between Mexico and the Philippines and that more corridors for the same would develop over the course of 2019.
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Source: AMB Crypto

XRP Down 7.5%, Prices Could Freeze Because Of Ripple’s Goals

XRP falls 7.5 percent week-to-date
Ripple game plan demands stable prices

Behind Ripple is a drive to change the status quo. Their goal is to dislodge SWIFT and improve livelihoods through cheaper transactions with XRP as a tool. Therefore, it means XRP must be affordable, pouring cold water on the $579 talk. At the time of writing, XRP is down 4.5 percent.
Ripple Price Analysis
Fundamentals
It promises to be another display. An extravaganza where innovation shapes the sphere, ten years after Bitcoin became a breather. Bitcoin is, well, fair. The platform is global, decentralized, and has the backing of developers. Because of an inevitable “evolution,” traders and investors do gravitate to the asset drawing capital.
However, the rise of Ripple and their unwavering objective of slicing part of SWIFT’s market share is a magnet for investors. Analysts reckon that there is a gross undervaluation of XRP with supporters expecting prices to surge to $579.
All the same, such expectations could be crashing because, by design, XRP is nothing else but a tool. Behind Brad Garlinghouse are three leading solutions in xVia, xCurrent, and xRapid. The stability of XRP prices, of which Ripple owns a majority, will guarantee the success of xRapid.
Leveraging on xCurrent rails, the option is a route for settling transactions in seconds via trusted exchanges. Bitstamp, Bittrex, Coins.ph and Bitso are pioneers.  Therefore, it is evident that while investors are optimistically expecting a surge, XRP is by default capped. Banks and financial institutions wishing to use XRP for cross border transactions will opt in if the facilitator is affordable.
Candlestick Arrangements

Decoupling from Bitcoin (BTC), Ripple (XRP) is in a range mode. In the last day, the coin is stable, falling 4.5 percent from last week’s close. Regardless, the fact that XRP is trading above 40 cents is bullish.
From previous XRP/USD trade plans, the coin is in an uptrend. XRP is trading within a bullish breakout pattern after clearing 34 cents, testing 50 cents and correcting back to 35 cents in a retest. Because of this, there is an opportunity for aggressive traders to buy the dips while targeting May high of 50 cents.
On the other hand, conservative traders can wait for clear-cut opportunities. That will either print out if prices rally above 50 cents or drop below 30 and 34 cents as bulls crash out. Any breakout above 50 cents with an uptick of trading volumes could see XRP expand to 80 cents.
Technical Indicators
In light of the above, May 30th bear candlestick guides this trade plan. Any surge or fall below 50 cents or 34 cents should be with decent trade volumes exceeding 94 million of May 30thor better, 187 million of May 14th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Siam Commercial Bank Denies Plans to Use XRP After All

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Siam Commercial Bank Denies Plans to Use XRP After All
Thailand’s largest commercial bank, the Siam Commercial Bank (SCB), which recently tweeted on possibility of launching an XRP-based system, decided suddenly, to issue a statement, according to which, the bank “has no plan on using XRP.”
Siam Commercial Bank Denies Plans to Use XRP After All

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Source: CoinSpeaker

World’s Major Banking Giants Invest $63M into the New Digital Token

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World’s Major Banking Giants Invest $63M into the New Digital Token
Global banking giants together announce the Utility Settlement Coin (USC) cryptocurrency to leverage instant cross-border settlements at reduced costs.
World’s Major Banking Giants Invest $63M into the New Digital Token

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Source: CoinSpeaker

Ripple Prices Ranging, Will Siam Commercial Bank Leverage XRP?

XRP up 3.2 percent. 
Thailand’s oldest bank, Siam Commercial Bank (SCB), to pioneer Ripple’s Multi-hop.

Siam Commercial Bank (SCB) will pioneer Ripple’s Multi-hop feature, although the public will wait for further announcement on whether the bank will utilize XRP in their future transactions. Meanwhile, XRP is ranging, adding 3.2 percent from May 23rd close.
Ripple Price Analysis
Fundamentals
For any cryptocurrency project to be successful, it must partner with companies, finding use cases in the process. That is what many have disclosed in their white papers, and Ripple is no exception.
Described as a banker’s coin, XRP is the medium of exchange for such interactions. It is liquid and highly capitalized, attracting investors and speculators in the process. Nonetheless, Ripple is struggling to draw banks. With SWIFT retaining the lion’s share of global bank transfers, it will take a lot of convincing and proof before a large-scale migration happen.
Presently, most banks plugged to the RippleNet make use of xCurrent. The XRP community was excited, expecting Thailand’s oldest bank, Siam Commercial Bank (SCB), to announce their adoption of xRapid. But in a tweet, they said the public has to “wait for further announcement.” All the same, the bank will pioneer Ripple’s multi-hop feature:
“Siam Commercial Bank (SCB) will be the first financial institution on RippleNet to pioneer a key feature called “multi-hop,” which allows them to settle frictionless payments on behalf of other financial institutions on the network. This eliminates the need for a direct one-to-one connection (or bilateral relationship) between financial institutions to settle a payment.”
Candlestick Arrangement

At the time of press, XRP is up to 6.1 percent in 24 hours. The asset is ranging, oscillating below 40 cents.  Because of this, previous XRP/USD trade plans are valid. As it is, aggressive traders can find opportunity in smaller times. That is where they can buy on dips with the first target at 43 cents since the trend is bullish and XRP is within a breakout pattern.
However, for trend continuation, it is imperative that buyers build momentum and drive prices above the liquidation level at 43 cents. The resulting upthrust will allow bulls of early April and May to show in the process aligning prices to the main trend of September 2018.
On the reverse side, this breakout pattern will be null if prices fall below 34 cents.
Technical Indicators
From the chart, XRP is ranging against the USD and May 19th anchors our trade plan. The bar’s trade range is extensive and is equally backed by high trading volumes of 56 million against 68 million. Since bulls are in control, any uptick in participation, driving prices above 43 cents must be above 56 million or 187 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple (XRP) add 21.7 Percent, Resistance at 40-43 cents Zone

Ripple (XRP) ranging but the uptrend is firm
XRP classification will either trigger a rally or a large-scale dump

Like most liquid assets, Ripple (XRP) is consolidating, trading inside May 14th and 15th high low in a bullish breakout pattern. All the same, bulls are in pole position. As fundamentals and candlestick arrangement diverge, it is only a matter of time before prices breach 50 cents as buyers aim at 60 cents.
Ripple Price Analysis
Fundamentals
At 39 cents, Ripple (XRP) market dominance is 6.75 percent, trailing Bitcoin and Ethereum with a market cap of $16,661 million at the time of press. Ripple (XRP) bulls have ground to cove. However, it all depends on how XRP, a medium of exchange facilitator, is viewed by regulators and most importantly, the success of xRapid.
If anything, it may take years or even decades before RippleNet clip a majority of market share from SWIFT. All the same, regulators may thaw thanks to Coinbase pro decision to open up XRP trading to New York state residents. The state is stringent.
Because of compliance demanding NY DFS, the move somehow confirm Ripple (XRP) is indeed a utility with no central point of control. All the same that will take much convincing from critics who insist that XRP is centralized security and a Ripple Inc Airdrop.
Candlestick Arrangement

At spot rates, Ripple (XRP) is up 21.7 percent from last week’s close. However, prices are stable in the previous 24 hours. Despite low volatility, the path of least resistance is up, and aggressive traders have a chance to ramp up on dips with first targets in line with our last XRP/USD trade plan.
From candlestick arrangement, there is an opportunity to add to longs after the correction of May 15th to 16th over-extension. However, the best approach for conservative traders is to trade the confirmation of May 14th upswing.
It will print out after prices rally, closing above May 16th highs ideally at the back of high transaction volumes. After that, our ideal target will be 60 cents. Conversely, any drop below 34 cents invalidates our trade plan as XRP bears will fall back to the 4 cents range of the last five months.
Technical Indicators
To reiterate our previous positions, any close above 40 cents and May 16th ought to be at the back of high transaction volume exceeding 187 million recorded on May 14th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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