Ripple Latest Update – European Money Transfer Giant Azimo Partners With Ripple, February 28th, 2020 

XRP price prediction
  • Azimo to utilize Ripple’s On-Demand Liquidity
  • XRP Price currently above critical breakout zone
  • A prospect for a massive price rally
  • Ripple XRP Price encountering major resistance

XRP Projections – Prominent money transfer giant Azimo recently announced it will be utilizing Ripple’s On-Demand Liquidity (ODL) service to ease up the transaction for customers. XRP News Now – notably, Azimo will use Ripple’s native token XRP to transfer funds to the Southern Asian nation “in seconds,” where it is changed into Philippines pesos and sent to recipients. The partnership between Azimo and Ripple is a move to capture a larger quota of the country’s bubbling remittance market, which according to World Bank Figures is the fourth largest worldwide.

XRP Projections – Also, Ripple states that ODL has the prospect to lessen liquidity coat when compared to conventional banking solutions, which are often expensive and slow. XRP Projections – commenting on the partnership, Azimo’s CEO, Richard Ambrose went thus: “We’ve been interested in a long time in the potential of digital assets like XRP to make cross-border payments better for customers.”

Ripple XRP Price currently above critical breakout zone

XRP TradingView – XRP price commenced an upside correction from the $0.2220 support level against the U.S dollar. XRP price is currently testing $0.2450 and it must exceed $0.2500 for a new rally to $0.3000. XRP all-time high – XRP price is currently recovering above the $0.2320 and $0.2400 levels against the U.S dollar.

XRP Price Prediction 2020 – Ripple XRP Price Forecast 2020

XRP Price Today USD – XRP price is encountering several major resistances close to $0.2450 and $0.2500. There is a key bearish trendline establishing with resistance close to $0.2430 on the hourly chart of the XRP/USD pair. XRP TradingView – XRP price could either commenced a major price rally towards $0.3000 or fail close to $0.2500 for a new price decline.

Ripple XRP Price encountering major resistance

Is XRP All-Time high a possibility? – As reported yesterday, there was a massive decline in XRP price beneath $0.2350 support level and the 100 hourly simple moving average. XRP price even traded beneath the $0.2250 support level and established a fresh weekly low at $0.2229. This is a far cry from the XRP all-time high of over $3.00.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
4
ripple
XRP(XRP)
$0.206
1.73%

XRP Price Today USD – The 50% Fib retracement level of the downward move from the $0.2860 high to $0.2229 swing low is close to the $0.2540 level to serve as a major resistance. XRP TradingView – hence, a clear break above the trendline and a subsequent move above the $0.2500 resistance level is a must to commence a major price rally. If XRP price settles above the $0.2500 level and the 100 hourly SMA, XRP price could increase moderately towards $0.2850 and $0.3000 in the forthcoming days.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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