Ripple's Dilip Rao talks to the World Bank, but will reverse the path of XRP / USD?

  • Ripple's XRP lacks momentum and remains below $ 0.3600.
  • Dilip Rao will speak at the seminar at the World Bank.

The XRP / USD has lost 5% of its value in the last 24 hours to trade at $ 0.3570 per press hour. The second largest cryptocurrency with a market value of $ 14.2 is retreating amid global cryptocurrency sales, although it is quite good compared to its major competitors.

Meanwhile, Ripple supporters are discussing the next seminar at the World Bank where Ripple's Global Head of Infrastructures Innovation Dilip Rao will talk about the benefits of RipleNet.

The event dedicated to the technology Distributed Ledger Technology (DLT) for the innovation of the payment infrastructure will take place on 29 November.

"The speaker will present the qualities of DLT that solve the fundamental points of the paint as costs, speed and transparency", according to the announcement.

The technical framework of Ripple

From a long-term perspective, the XRP / USD is limited by a strong resistance area created by a confluence of technical indicators including DMA100 and DMA200 to $ 0.4630- $ 0.4680 zones. It must be broken before Ripple's bulls can hope for a sustained recovery towards psychological $ 0.50 and $ 0.52 (the upper limit of the recent channel).

On the downside, maximum resistance comes with $ 0.33. It is followed by the recent low of $ 0.3237 and $ 0.2514 which blocked the decline twice, in August and September. This support creates the bottom edge of the long-term channel, which means it will be a hard to break for the bulls

XRP / USD, the daily chart

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