0
📈 Price Predictions
274 views

Coinbase Expands, Ripple Listing Speculation Increases

  • Thomas Hughes
    📈 Price Predictions

    Some have speculated that the last announcement will be the listing of Ripple (XRP), a fact which would probably give a big boost to XRP’s price

Coinbase Expands, Ripple Listing Speculation Increases
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

As part of their “12 Days of Coinbase” project, which involves making a new announcement every day between Dec. 10 and Dec. 21, Coinbase just announced they plan to expand to 6 SEPA countries: Andorra, Guernsey, Gibraltar, Lithuania, Iceland and Isle of Man.

The announcement came on Dec. 20, which leaves only one more day until the end of their project. Some have speculated that the last announcement will be the listing of Ripple (XRP), a fact which would probably give a big boost to XRP’s price because, in the past, even rumours about such a listing were received with a bump in price.

Chart Analysis – XRP/USD

image

After attempting several times to break the major hurdle at 0.40, XRP/USD seems to take a sideways path, with long wick candles and no advances for the last 24 hours (-3.16% change). However, the pair has gained more than 25% over the last 7 days, so a retracement is normal and even healthy after a long climb.

Currently trading at 0.38 against the US Dollar, XRP is likely to move above 0.40, especially if it can maintain above 0.33 – 0.35 support zone. Support will also be provided by the 20 and 50 periods Exponential Moving Averages and although for now buying pressure has diminished, the outlook remains bullish.

Support zone: 0.33 – 0.35 as well as the 2 EMAs

Resistance zone: 0.40 – 0.41

Most likely scenario: break of 0.40 (this doesn’t exclude a longer period of sideways, choppy movement)

Alternate scenario: break below 0.33 – 0.35

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

Thomas Hughes is an executive editor of U.Today. He is a skilled cryptocurrency trader and technical analyst deeply immersed into the cryptocurrency & blockchain technology area.

👓 Recommended articles
0
📰 News
90 views

XRP Currently Bringing 80% of Total Trading Volume on Ripple-Funded Bitso Exchange

  • Yuri Molchan
    📰 News

    A major XRP community member shares data that XRP is generating 80% of volume on Bitso exchange that is Ripple’s partner at introducing On-Demand Liquidity in Mexico

 XRP Currently Bringing 80% of Total Trading Volume on Ripple-Funded Bitso Exchange
Cover image via www.123rf.com
Contents

After Ripple had rebranded its xRapid product as On-Demand Liquidity (ODL) and partnered with the largest Mexican exchange Bitso, the introduction of ODL in cooperation with MoneyGram starts bringing its first fruits. As part of the collaboration, Ripple has invested in Bitso and got them to add one of its top executives to the board of directors.

 

On-Demand Liquidity successfully integrated on Bitso

A member of the XRP community @XrpCenter reports that things are looking good for XRP on the largest Mexican exchange Bitso and for Ripple’s ODL product. ODL was introduced there after the crypto giant invested an undisclosed amount in the trading platform.

The chart in the tweet shows that the XRP/MXN pair now accounts for 80 percent of the overall trading volume of Bitso.

Bitso became the key partner of Ripple and MoneyGram at introducing On-Demand Liquidity to the Mexican market. So far, the implementation has been going successfully.

This has not impacted the XRP price much though, since over the last 24 hours it rose merely by 0.54 percent. Unlike it, BTC and its forks – BCH and BSV – have posted much higher gains, as reported by U.Today earlier.

XRP price
Image via Coinmarketcap

👉MUST READ

Ripple Dispels XRP FUD Allegations, Q3 Report Blames Twitter Bots

Ripple Dispels XRP FUD Allegations, Q3 Report Blames Twitter Bots

Ripple releases its Q3 report

At the end of last week, Friday, Ripple issued its regular report on the results of Q3. In the document, Ripple covered several major issues, such as movements of XRP from escrow and back to it, recent Ripple’s partnerships with Logos, Algrim and other startups, Coinme crypto ATM network.

Ripple also addressed the issues of FUD (fear, uncertainty, doubt) that has been recently actively spreading around the company and its XRP asset.

Ripple Q3 report
Image via www.ripple.com

What are your thoughts on the Ripple expanding XRP use in Mexico? Share them in the comments section below!

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings