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Ripple & # 39; s xRapid Dream
Bill Clinton gave a keynote speech at the Ripple SWELL conference. During the address, he said that xRapid did not make as much progress as expected. Although many banks have decided to use Ripple xRapid and xCurrent, there are others that have not yet opted. It is true that xCurrent 1.4 was created to help financial institutions implement xRapid. However, things have been a bit slow.
Despite this, Ripple's vision is still without a trace. Three exchanges, coins, Bittrex and Bitso, are already using Ripple technology. Some payment processors including Mercury FX, Cuallix and Catalyst Corporation are making plans to take advantage of Ripple's technology for convenience. This is a good thing and is in line with the company's ambitions. Ripple's Executive Chairman, Chris Larsen, in 2018, said that Ripple will always be in favor of XRP as a global payment instrument. In his words:
"When it comes to making payments, we believe that some additional things are needed: things like predictability of settlements, low costs, high throughput, etc. XRapid as part of RippleNet allows payment providers to reduce costs and offer liquidity on a global scale. "
Ripple (XRP) Price analysis
The entire cryptocurrency market is suffering. This is a known fact. During the beginning of the current bear market, XRP was doing relatively well against the USD. Later, he joined the entire market and started trading in red. On January 1, XRP lost its second position in ETH. Rates are currently in range, but things will not go bad as long as prices remain above $ 0.25.
To avoid falling in November lows, bulls must gather sufficient momentum above $ 0.40. Although the short- and medium-term outlook is bullish, there is strong resistance at $ 0.40 and $ 0.42. These resistances coincide with the fiber retracement level of 61.8% of the September 2018 low. Operators can track this pair while they wait for a closure or a break.
On December 24th some ecstatic buyers pushed the price above $ 0.40. However, the trading volume was significantly low. The only way we can confirm that the bulls have control is if prices move above the level of December 17-24 and the volume of trade increases significantly.
