Analysis of ripple prices: XRP / USD down 3.6% on a daily basis despite the mass adoption of XRP

  • The resumption of XRP has stopped.
  • The coins.ph payment platform now supports Ripple currency.

The XRP is trading at $ 0.3390 after falling to $ 0.3200 on Wednesday. The third largest currency rose to $ 0.3575 on Thursday, but the rise caused by speculative positioning proved unsustainable. The XRP is down 3.6% on a daily basis despite the slight recovery in the cryptocurrency markets.

Meanwhile, Ripple's currency has entered the Philippine cryptocurrency market. It is now available on the payment platform with coins.ph cryptocurrency coins with 5 million users. The platform allows users in the Philippines to pay bills directly in cryptocurrency. The news confirms the progress of XRP towards mass adoption. Previously, XRP became available for daily shopping using the Wirex Visa card.

Ripple Technical Framework

On the upside, recovery is limited by the SMA50 – 1hour chart, currently at $ 0.3420. Of this area was canceled, the recovery could be extended to $ 0.3575 (Thursday high) and $ 0.3749 (SMA100 – 1 hour card). On the downside, XRP is well supported by $ 0.3300, however, a lower sustainable movement, the sell-off mat continues towards $ 0.3200 and $ 0.3000.

XRP / USD, 1 hour chart

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