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XRP extends gains as an anticipation to rallies

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XRP prices have gathered today, approaching $ 0.40 Credit: Getty Royalty Free

XRP prices have risen again today, pushing toward the $ 0.40 level as planned merchant activity

"We have already seen this model," said & nbsp; Charles Hayter, co-founder and CEO of the digital currency data platform & nbsp; [19659004] CryptoCompare .

The price of XRP increased to $ 0.3738, up more than 33% in the last 72 hours, CoinMarketCap data show

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Rally & # 39; Driven By Anticipation & # 39;

"The recent wave of XRP is driven by anticipation," said & nbsp; Joe DiPasquale, CEO of cryptocurrency fund of hedge funds & nbsp; BitBull Capital . & Nbsp;

"The main development that fuels this record is the imminent release of xRapid, which, many believe, will lead to the use of XRP in the real world and push the price even higher," he added.

However, & nbsp; DiPasquale expressed doubts about the imminent release of the new product. & Nbsp;

"Despite all the news about the partnership surrounding Ripple, there are no concrete commitments regarding the extent to which xRapid will be employed, and given all this, I am inclined to define this as an event" buy the voice, sell the news "".

Bullish Outlook

A handful of traders described the market view of the XRP token as rosy. [19659012] Marouane Garcon, & nbsp; CEO of the Crypto-to-crypto derivatives platform Amulet, offered an optimistic assessment stating that: & nbsp;

"The general feeling about XRP is as good as it is finally going to be used to its full potential."

"If half or If their customers use XRP as they say, then market capitalization it will grow tremendously, "he said.

Jon Pearlstone, & nbsp; newsletter editor & nbsp; CryptoPatterns also offered a positive view, arguing that the recent gains of XRP are the result of positive news and the digital token reiterates the lows of 2018.

"This created a" slingshot "reaction that shows that the bulls have renewed confidence with the high volumes of visa purchases against USD and Bitcoin in recent days, "he said.

"Given the importance of the previous key level .42 where there was strong support for buyers in the past (now resistance), that level will be a good indicator of the strength of" [1965902] Disclosure : I own some bitcoins, money in bitcoins & nbsp; and & nbsp; ether. & nbsp;

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XRP prices rallied today, approaching $ 0.40 Credit: Getty Royalty Free

XRP prices have risen even today, pushing toward the $ 0 level , 40 as anticipation continued to favor the business of traders

"We have seen this model before," said Charles Hayter, co-founder and CEO of the currency data platform digital CryptoCompare .

The price of XRP has risen to $ 0.3738, an increase of more than 33% in the last 72 hours, shows the data of CoinMarketCap. [19659003] [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Rally & # 39; Driven By Anticipation & # 39;

"The recent wave of XRP is driven by anticipation," he said Joe DiPasquale, CEO of the hedge fund cryptocurrency fund BitBull Capital .

"The main development that fuels this record is the imminent release of xRapid, which, many believe, will lead to the use of XRP in the real world and push the price even higher, "he added.

However, DiPasquale expressed doubts about the imminent release of the new product.

"Despite all the news about the partnership surrounding Ripple, there are no concrete commitments regarding the extent to which xRapid will be employed, and given all this, I am inclined to define this event" buy the article, sell the news ",

Bullish prospects

A handful of traders has described the point of view of the XRP token market as rosy.

Marouane Garcon, CEO of the Crypto-to platform -Crypto derivatives Amulet, offered an optimistic assessment stating that:

"The general sentiment on XRP is good as it will finally be exploited to its full potential."

"If half of their customers use XRP as they say, then Market capitalization will grow tremendously, "he said.

Jon Pearlstone, publisher of the newsletter CryptoPatterns, also offered a positive opinion, claiming that the recent XRP gains are the result of positive news and the 2018 Minimi digital token test.

"This cr ate a" slingshot "reaction that shows that the bulls have renewed confidence with the high volumes of visa purchases against the USD and Bitcoin in the last days, "he said.

"Given the importance of the previous key .42 level where there was strong support for buyers in the past (now resistance), that level will be a good indicator of the strength of the current bull movement." [19659003] Disclosure: I own some bitin, bitcoin cash and ether.

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