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Latest news from Ripple
If nothing else, Ripple is on track and in a decade or less, it could be a force to count in the remittance sector. This saves all the criticisms that force corporate executives to defend the platform and for the umpteenth time reiterate that Ripple and Ripple Labs are two separate entities. The disappearance of Ripple as the corporate front office xCurrent, xVia and xRapid will not result in blocking XRP.
At a recent AMA session with Ripple's Marketing Chief, Monica Long, Brad Garlinghouse, Ripple's CEO said:
"There's a lot of basic reasons for this one of the most important I think is that … if Ripple closes the company, XRP will exchange more than a hundred exchanges around the world. # 39; XRP will continue to trade. "
Here is the video:
Without a doubt, it will be a blow if the US SEC ranks XRP security forcing participants to file their operations. However, their positive relationship with the White House and their priority on blockchain education could be the shield against the wrecking ball of the regulator.
Ripple (XRP / USD) Price analysis
Perched second, XRP rose 24% against the dollar in the last week, but remained fairly stable on the last day. While the community is excited now that the market is touching the bottom and it is recording impressive gains when the bulls cancel different levels of resistance, it is very likely that prices will consolidate below 40 cents, return to 35 cents or even 33 cents before bouncing and closing above 40 cents. All these are from the arrangement of candles.
Note that, although on December 20, the staff bar of the 1100 human resources was printed on the back of high volumes, the bulls still have to print and close above yesterday's maximum to 40 cents. From the previous XRP / USD analysis, the score of 40 cents is the essential resistance level, and for the bulls to be truly responsible, so we have to see prices rise and close above above average, preferably above 26 million.
After that, traders can load all the retracements with stops of at least 20 tenths of 36 cents and first targets at 60 cents and later at 80 cents.
All graphics courtesy of Trading View
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
