Ripple Toolkit is active and set to improve the XRP registry


Ripple Toolkit is live in beta and aims to improve the versatility and accessibility of Ledger XRP

XRP Toolkit is active in beta and aims to improve the versatility and accessibility of Ledger XRP (Ripple). The tool has been under development in recent months with the aim of offering a simple user interface that could help novice users to learn more about the ledger.

The toolkit can be used to send and receive XRP but has other features including a client-side Web interface that can be used to prepare, sign and transmit transactions with the use of a hardware or web cryptographic portfolio. Users also have access to a 10,000 XRP trial account for free trial and demo of the platform. The official version is scheduled for the beginning of 2019.

The impact on the XRP price will probably be gradual, depending on the performance of the XRP toolkit and the new features that might add. We do not expect to see a strong movement based on beta launch alone, but it is something bullish in the long run.

Graphs at a glance

Graphs at a glance

The XRP / USD is comfortably located with a gain of 13.03% over the last 7 days, but the last 24 hours have been on the decline, with a loss of -4.42%. After the rebound at 0.43 the pair was not retraced and this brought the Relative Strength Index into the overbought territory (above its 70 level), which is an early sign that we can see the decline in XRP prices.

The lower retracements are perfectly normal after a sharp climb and if the zone from 0.52 to 0.50 remains intact, our trend is bullish, with the goal of approaching 0.60 – 0.62. A strong indication that 0.62 will be achieved would be a break in the previous above 0.57, which is currently the short-term resistance. A daily candle close below 0.50 would invalidate this bullish scenario for the time being.

Support zone: 0.52 – 0.50 followed by the uptrend line seen on the chart

Resistance zone: 0.57 in the immediate vicinity, followed by 0.62

The most likely scenario: rebound higher from 0.50 to 0.52, followed by a touch of 0.57

Alternative scenario: lower retracements and a touch of the trend line

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