One Million Fresh Users Integrated by Ripple’s Recent Collaboration

Updated:

In a company blog post, Ripple revealed their new collaboration with Thai fintech startup DeeMoney. It looks like it’s a mutually beneficial match.

DeeMoney is already experienced in remittances and will now be able to process live transfers at the “lowest fees and competitive rates” thanks to RippleNet, Ripple’s global financial payment network.

DeeMoney also represents Ripple’s first non-bank entity in the world to use its RippleNet platform. The remittance business handles payments from South Korea, Singapore, and the Middle East primarily coming into Thailand. Ripple states:

It is reported that about a million Thais are currently employed internationally who are moving money back home.

The organization also plans to use RippleNet for Thais outbound transfers too. That will begin during the second implementation process. Aswin Phlaphongphanich, DeeMoney’s CEO, commented:

We are happy to partner with Ripple as we aim to democratize finance in Thailand by introducing a new level of efficiency and accessibility to and from the nation for cross-border transactions.

On his part, Customer Success SVP Marcus Treacher at Ripple said:

Thailand is taking the digital banking revolution by storm and DeeMoney is a key player in this. It redraws the boundaries and rules of engagement by offering efficient foreign transfers at low fees and reasonable rates by becoming the first non-bank institution in Thailand to use RippleNet.

Garlinghouse Considers Support to Customers as Crucial
Ripple CEO Brad Garlinghouse, taking to Twitter shortly after the release, considers the problems the world faces due to the COVID-19 pandemic.

He said the entire Ripple team is now operating from home but assured the organization will still support its customers. Today, more than ever, he said, we have to make sure that:

In a time they need it most, individuals will continue to send money home to their relatives.

It is important, in this unprecedented new age, that we do not neglect those in need. We @Ripple are doing whatever we can for our consumers across the globe to ensure that in a time they need it most, individuals can continue sending money home to their relatives.

While we deal with our current temporary truth, it’s inspiring to see that the cryptocurrency industry is still making progress. And that we can still make a difference for millions of people around the world even while working from here.

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Ripple (XRP) Selling Pressure May Continue If the Bears Break the $0.12 Support

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Ripple is trading at the bottom of the chart between $0.12 and $0.17.
The coin was trading above $0.20 support before the breakdown. The market fell from a high of $0.20 to a low of $0.12. The bulls pulled back to a high of $0.17 but were resisted. In the meantime, XRP is trading at $0.14. On the downside, if the bears break the $0.12 support, Ripple may fall to the low of $0.10. However, on the upside, if the price breaks the $0.17 resistance, XRP will rally above $0.20. Presently, Ripple is still fluctuating between $0.12 and $0.17,

XRP/USD – Daily Chart

Daily Chart Indicators Reading:
Ripple is trading above 20% range of the daily stochastic. It indicates that Ripple is in bullish momentum. Ripple is out of the oversold region and the bulls are expected to emerge to push XRP upward.

XRP/USD Medium-term Trend: Bearish
On the 4-hour chart, Ripple has fallen to the low of $0.12 and the coin trades between $0.12 and $0.17. The bulls have made three attempts at $017 resistance but were resisted. The upward move has been hampered because of the resistance at $0.17.

XRP/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Ripple is rising as it reaches level 45 of the Relative Strength index. Ripple is below the centerline 50 indicating that it is in the downtrend zone. It is also likely to fall. Nevertheless, the 21-day and 50-day SMAs are sloping southward indicating the downtrend.

General Outlook for Ripple (XRP)
Ripple is at the bottom of the chart but it is trading at $0.149 as at the time of writing. The coin is still fluctuating within the confined range as the bulls and bears are undecided about the direction of the market. The downtrend will resume as soon as the lower price range is broken. A break above the upper price will mean the resumption of an uptrend.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Sell
Entry price: $0.149
Stop: $0.160
Target: $0.127

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Major Supporter of Ripple’s XRP, Tiffany Hayden Auctions All Her XRP Stocks

Updated:

Tiffany Hayden is regarded as XRP’s major supporter, but she sold all of her XRP stocks, citing discrimination in the XRP community at large.

Tiffany Hayden, who was self-declared CEO of Ripple XRP, surrendered her position due to the XRP group harassment. She talked about her sentiments in a progression of tweets after she began protesting about some program vulnerabilities when the XRP group had been difficult on her.

Hayden, which was viewed as the XRP project’s key supporter, sold her XRP stocks, as indicated by tweets. Be that as it may, its selling might not have been a major blow, as XRP’s higher market price has not seen any intense or serious moves.

XRP reacts to a few things, the significant main impetus of which is the bitcoin price development. XRP, bitcoins and different altcoins have been in a descending pattern since mid-February, where most have lost more than 10 percent of the market price.

With bitcoin’s gigantic predominance on the digital currency market, its price gauge essentially influences the remainder of the altcoins, be that as it may, this is probably not going to occur for quite a while until the crypto-bubble closes, and insane speculation won’t be the main factor in price.

Ripple is establishing a strong framework for advancing XRP soon, and when the development begins it very well may be difficult to stop it. This is because it works intimately with huge financial organizations to create cross-border payments.

Hayden Suffered Difficulty Supporting XRP
Hayden tweeted in an emotional message that she no longer holds XRP and now fans need to find something else to debate, not her. She said everywhere XRP supporters meet, they’re just talking badly about her, which is impacting her family and personal life.

She says, as indicated by tweets, that there are watchmen who prohibited her from the system after she had incorporated a costly validator to help distinguish vulnerabilities. It created impressive turmoil with the XRP people group, which has constantly done likewise with any individual who stands up or talks adversely about the XRP or network.

Whether her exit would be a major blow or a relief to XRP as a whole, it will be felt later if her claims are verified or will affect the XRP ledger in the future.

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Ripple (XRP) Hovers above $0.20 Support Level after a Breakdown

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
On March 8, Ripple has a breakdown to a low at $0.20 and resumed consolidation above it. For the past two weeks, the bulls and bears have been tussling above the $0.24 price level. The bears finally overwhelmed the bulls, as the price dropped from the high of $0.24 to a low of $0.20.

At the moment, Ripple is fluctuating between $0.20 and $0.21. On the downside, if the selling pressure continues, Ripple will reach a low of $0.17. On the upside, if price rebounds at $0.20 low, Ripple will rally above $0.22. Ripple fell into the oversold region after reaching the low of $0. 20.

BTC/USD – Daily Chart

Daily Chart Indicators Reading:
As Ripple dropped to the low of $0.20, it fell into the oversold region. Ripple is now trading below 20% range of the daily stochastic. In the oversold region selling pressure is pressure to have ended. Secondly, bulls are expected to emerge in the oversold region to push Ripple upward.

XRP/USD Medium-term Trend: Bearish
On the 4-hour chart, Ripple dropped to a low of $0.20 and continued consolidation. The price action is characterized by small body candlesticks. The candlesticks describe the indecision between buyers and sellers above the $0.20.

BTC/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Ripple is trading at level 38 of the Relative Strength index. The coin is below the centerline 50 indicating that it is in the downtrend zone. It is also likely to fall. Nevertheless, the 21-day and 50-day SMAs are sloping southward indicating the downtrend.

General Outlook for Ripple (XRP)
Ripple is said to be in the oversold region. This is an indication of the pending arrival of buyers in the oversold. It also means that the coin will rise. Traders should lookout for a buy set to initiate long trades. Stop-loss orders can be placed below the next support level.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.21
Stop: $0.19
Target: $0.24

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Ripple (XRP) Is Oversold at $0.23, Awaits a Bullish Move

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Ripple is at the bottom of the chart, consolidating above $0.23 support level. Further downward move of the coin is unlikely as the coin has fallen into the oversold region of the market. In the oversold region the selling pressure is said to be ended. In other words, Ripple is likely to drop. Most importantly, there will be the emergence of buyers to push XRP upward. In the meantime, after the last bearish candlestick, the prices are consolidating above $0.23 support.

XRP/USD – Daily Chart

Daily Chart Indicators Reading:
Ripple is now trading below 20% range of the daily stochastic. Undeniably, the coin is now in the oversold region of the market. It also means that selling are unavailable. Expectantly, buyers are expected to emerge in the oversold region. Ripple is expected to rise.

XRP/USD Medium-term Trend: Bearish
In its downward move, XRP fall to the low of $0.22 on March 1 and rebounded. The market went to the high of $0.24 but was repelled. The price is fluctuating at the current low.

XRP/USD – 4 Hour Chart

4-hour Chart Indicators Reading

Today, Ripple is trading at level 43 of the Relative Strength index. Ripple appears to reach the oversold region of the market. Once it is below level 30, it is said to be in the oversold region. Nevertheless, the 21-day and 50-day SMAs are sloping southward indicating the downtrend.

General Outlook for Ripple (XRP)
Ripple has fallen to the oversold region of the market. According to the stochastic, Ripple is said to be in a strong bearish momentum. XRP is likely to rise as buyers emerge. In the vein, the Relative Strength Index period is approaching the uptrend zone.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.23
Stop: $0.21
Target: $0.28

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Ripple (XRP) on the Downside May Likely Revisit the Low of $0.22

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Ripple price is making a series of lower lows and lower highs as it falls to a low of $0.25. The coin was in a downward move after Ripple reached overbought condition. From a high of $0.34, the price fell to a low of $0.28. The bulls defended the support at $0.28, as the price moves to retest the $0.30 resistance.

Nonetheless, if the bulls have pushed the price above the resistance, the downtrend would not have happened. Meanwhile, the bulls were resisted at the $0.30 price level. The resistance resulted in a price breakdown as it broke the $0.28 and $0.26 support levels. There is an indication that the price may reach the lows of $0.22 and $0.24.

XRP/USD – Daily Chart

Daily Chart Indicators Reading:
Ripple is now trading below 20% range of the daily stochastic. This implies that the coin is now in the oversold region of the market. It also means that selling has been overdone. Expectantly, buyers are expected to emerge to take control of price. Ripple is expected to rise.

XRP/USD Medium-term Trend: Bearish
On the 4-hour chart, Ripple was in a downward move after the overbought condition. The coin was moving down in lower lows and lower highs pattern. The downward move is likely to continue as the $0.28 was breached.

XRP/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Today, Ripple is trading at level 32 of the Relative Strength index. The coin appears to reach the oversold region of the market. Once it is below level 30, it is said to be in the oversold region. Besides, the 21-day and 50-day SMAs are sloping southward indicating the downtrend.

General Outlook for Ripple (XRP)
Ripple has fallen to the oversold region of the market. According to the stochastic, the coin is said to in a strong bearish momentum. XRP is likely to rise as buyers emerge. In the same vein, the Relative Strength Index period  14 is approaching the oversold region.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Sell
Entry price: $0.25
Stop: $0.26
Target: $0.22

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Ripple (XRP) shrinks as Bears Overwhelm Bulls

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Since on February 15, Ripple reached a high of $0.34. Analysts think that a break above $0.34 will compel the coin to reach a high of $0.40. The bottom line is that XRP has been overbought at  $0.34 since on February 15. Therefore the upward movement of Ripple is doubtful. Short term traders ought to have booked their profits before the downward move.

In the overbought region, buyers are not available to push the coin upward. However, sellers emerge in the region to push the coin downward. On the downside, Ripple has fallen to a low of $0.27. The price level has been a historical price for some time. The price level may hold or be broken

XRP/USD – Daily Chart

Daily Chart Indicators Reading:
Today, Ripple is trading at level 50 of the Relative Strength index. The RSI period 14 was previously level 80 when Ripple was overbought. The 21-day SMA has been broken by price. The selling pressure will continue if the price breaks below the SMAs.

XRP/USD Medium-term Trend: Bearish
On the 4-hour chart, the downward move was symbolic. The price fell to a low of $0.28. Then the bulls pulled back to retest the high of $0.30. After the retest at $0.30, the price falls again to a low of $0.26. The coin is now fluctuating above the current support.

XRP/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The daily stochastic is above the 20% range. That means Ripple is now in bullish momentum. Ripple fell to a low of $0.27, the stochastic was in the oversold region of the market. In that region, buyers emerge who pushes the coin higher.

General Outlook for Ripple (XRP)
Ripple has fallen to the oversold region of the market. The coin is likely to rise as buyers emerge. As Ripple rises it may face stiff opposition at the $0.31 price level. In the long run, the coin may be compelled to a range-bound movement.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.27
Stop: $0.25
Target: $0.31

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TRX News: Reasons Tron (TRX) Continues to Decline in Ratings Regardless of Advanced Partnership

Updated:

Tron TRX Coin News

Tron (TRX), which has fallen by over 10% over the most recent 24 hours, keeps on declining in rating. The coin, which as of late was in the best ten, tumbled to the fifteenth spot. Ongoing outcomes have been acquired regardless of the proceeded endeavors of Justin Sun to propel the ecosystem. Sun’s latest partnership is with Limit. Through this merger, Weiss Crypto Ratings welcomed him as a strategic thinker. Here we have the latest TRX news.

In a bid to prevail at Tron, it drove the project’s native TRX token to develop for the time being. After the news halted, the digital asset moved back from its high. This implies even though the “digital asset” functions admirably in “bullish cases”, it’s as yet hard for it to ascend in the rating because of the nonappearance of coherence.

On the contrary, the growth of Tezos and Chainlink has been steady.

For a little while at the consolidation, the two digital assets have effectively shown development in market capitalization, and now they are past Tron. As for Tezos, the coin outperformed the most famous coins, for example, Stellar, Cardano, and Monero, to ascend in the best ten. Chainlink, then again, is in twelfth spot, while Cardano came past it.

trx news

TRX, on the off-chance it’s not cautious, can be contained by the growth of more competitive coins. Just like Ethereum Classic, IOTA and NEM, which were once high-rated coins but had ratings above 20, Tron may follow the same scenario.

Sun’s Partnership Results Unyielding

One of the principal reasons Justin Sun’s partnerships are quickly shutting is that none of them have yet paid off. While the CEO keeps on extending the ecosystem, however despite the past partnerships, none of them paid off. Without a long-term plan, ventures bought or associations amount to nothing. They just make extortion, which thus brings transient advantages.
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A project that has seen longer-term strategic partnerships is Ripple.

The project is searching for comparative ventures and partnerships that give acknowledgment and incentive to XRP. Much of the time, XRP doesn’t make any transient changes. Nevertheless, there is the certainty that it might prove to be the best over the long run.

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Ripple (XRP) Rebounds, Targets $0.34 Overhead resistance

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bullish
Recently in February, the bulls broke the resistance at $0.28 and reached a high of $0.32. It was initially anticipated that if the price broke the resistance at $0.28, XRP would rally above $0.31. As price reaches a high of $0.32, the momentum extended to $0.34 price level. Unfortunately, the bulls could not sustain the price above $0.34 and were resisted.

The price fell to a low of $0.28 and rebounded. However, with the rebound, the selling pressure has been exhausted. The focus will be on the upward move. On the upside, the bulls are likely to retest the $0.34 resistance. If the bulls are successful, a break above 0.34 will enable the coin to reach a high of $0.40.

XRP/USD – Daily Chart

Daily Chart Indicators Reading:
Ripple is making a positive move as the price reaches a high of $0.29. Presently, the stochastic is contradicting the upward movement of the price action. XRP is below 75% range of the daily stochastic. That is the coin is in a bearish momentum.

XRP/USD Medium-term Trend: Bullish
On the 4-hour chart, the bulls break the resistance at $0.28 after a rebound at the low of $0.26. The same momentum reaches a high of $0.32. Later, a final push made the coin to reach a high of $0.34. The resistance at $0.34 made the coin to drop to the low of $0.27. The downward movement of the coin resulted in the breaking  the EMAs and the bullish trend line.

XRP/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Ripple has risen to $0.29 after the downtrend. The Relative Strength Index has also risen to level 51 indicating that the coin is in uptrend zone. In this zone, the coin is likely to rise. The coin broke the trend line and closed below it thereby terminating the uptrend. If the price breaks above it the uptrend will resume.

General Outlook for Ripple (XRP)
From every indication, the upward move is continuing as the bulls recover from the bearish impulse. As the bulls make an upward move to retest the $0.34 resistance the pair may face opposition which will result in a sideways move. The coin may be range-bound between $0.26 and $0.34.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.29
Stop: $0.27
Target: $0.40

 

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Ripple (XRP) Starts New Uptrend, Battles Next Resistance at $0.34

Updated:

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bullish
On February 11, Ripple slumped to the low of $0.26 and rebounded as the coin reached a new high of $0.32. Before this time, the bulls have been finding it difficult to break the resistance at $0.28. Analysts are of the view that a break above $0.28 will push XRP to a high of $0.31. Today the market has reached a high of $0.34 but has pulled back to the support of $0.32.

The upward move has been temporarily put on hold because of the minor resistance at $0.34. Nonetheless, the bulls have to make efforts to break the current resistance. From the price action, if the bulls succeed in breaking the resistance at $0.34, XRP will rally above $0.40. This is because there will be little or no resistance between $0.34 and $0.40. Therefore, we shall lookout for the next price between $40 and $0.45.

XRP/USD - Daily Chart

Daily Chart Indicators Reading:
As Ripple appreciated to a high of $0.32, the Relative Strength Index period 14 has risen to level 80. This implies that Ripple is in the overbought region of the market. The implication is that once the coin is overbought, sellers will be generated in the region to push the coin downward. Buyers are not available in the region to push the coin upward. However, in exceptional cases price will linger in the overbought region before the downward move.

XRP/USD Medium-term Trend: Bullish
On the 4-hour chart, the upward move was as a result of a bounce on the trend line. The rally reached a high of $0.34 but the price found support above $0.32. Thereafter the bulls made two attempts at the resistance without a success. The coin is fluctuating below the resistance.

XRP/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Ripple is trading below 80% range of the daily stochastic. This means that XRP is in bearish momentum. The coin is likely to fall. Meanwhile, 21-day SMA and 50-day SMA are sloping upward indicating that uptrend is ongoing

General Outlook for Ripple (XRP)
Ripple is currently fluctuating above $0.32 support but below the $0.34 resistance. The bulls have one more hurdle at $0.34 resistance to jump over. Ripple will be out of the downtrend zone if the bulls are successful above the resistance. There is also the possibility of a new uptrend as soon as the resistance at $0.34 is breached.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.33
Stop: $0.32
Target: $0.45

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.