Ripple's XRP Rise! Also attempt to stay above $ 0.5000 as it breaks weekly declining trend


XRP Headline Stealer

In recent months, the third largest currency by market capitalization XRP and its team / company in support of Ripple[labs] they were at the center of the scene without mercy for the other cryptocurrencies. On September 17, Sagar Sarbhai, head of regulatory relations at the company for the Middle East and Asia Pacific, announced plans to start xRapid:

I am very confident that in the next month or so you will see some good news coming [xRapid] live in production.

Following the announcement, Ripple's XRP greatly increased its value against the US dollar on a daily basis going for the big $ 1.00. Three times in a week he took the second well cemented position of Ethereum. During Swell, from 1 to 2 October, the team confirmed that its technology solution for the xRapid financial industry is already running to make cross-border payments more efficient.

Read also: Ripple CEO on Why XRP is better than BTC: "It's 1000 times faster and cheaper"

Later various coins [Tron TRX, Stellar XLM etc] followed the fast currency movement prone to the recovery of prices after the bearish September start.


From the end of September the general sentiment towards the market is in a negative position as values ​​are struggling to raise important levels. Today's XRP / USD performance shows a rapid break above the 7-day downtrend that moved the pair from $ 0.6100 to $ 0.5120.

As sellers are telling them in all the top ten coins by market capitalization, it is currently difficult for the aforementioned couple to make any changes despite their liquidation.

Ripple XRP Investing

Source: coinmarketcap

Recommended to see: Today's cryptographic price analysis category.

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