News: Important Reaction of Ripple (XRP) From Q1 2019 Lows, Add 8.1 Percent
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0:00:00 Important Reaction of Ripple (XRP) From Q1 2019 Lows, Add 8.1 Percent
0:00:06 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".
0:00:13 At long last, Ripple is responding.
0:00:15 Because of bullish fundamentals, there are a series of higher highs in the daily chart that hint of increasing demand in lower time frames.
0:00:23 All the same, it is until prices print above 34 cents that traders can begin loading on dips with ideal targets at 80 cents.
0:00:30 To reiterate, cryptocurrencies must find their way main-street if investors want to register positive ROI.
0:00:37 Of the many digital assets, Ripple valuation depends on marketing.
0:00:41 Since Ripple Labs and Ripple Inc are two distinct companies with the former, the issuer, and the latter, the majority holder, the expansion of XRP prices is bullish for the ecosystem.
0:00:51 Although different from Ripple Inc, the InterLedger Protocol is vital to the success of XRP as a settlement tool.
0:00:58 ILP is building a platform that fronts interoperability and at the center of this is XRP which will act as a liquidity tool with its main value proposition being its stability.
0:01:08 Already, there is work in progress, and even if the momentum is not as high, the foundation is strong.
0:01:14 Complementing ILP connection is the success of xRapid.
0:01:18 David Schwartz is on record saying technical reasons are slowing down adoption but there are regulatory concerns which should there be clarification on, then more financial institutions and payment processors will instantly jump to xRapid by upgrading to xCurrent version 4.0 boosting prices as the demand of the third most valuable asset surge to 60 cents or even 80 cents.
0:01:39 At the time of press, Ripple is up 6.4 percent in the last 24 hours as buyers flow back.
0:01:45 Of interest is the development in the daily chart.
0:01:49 Notice that for the umpteenth time, XRP prices are bouncing back from 30 cents or Q1 2019 lows.
0:01:56 Thanks for checking out this video!
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