- Ripple XRP is plummeting, though the bulls are still lurking in the corner
- Ripple XRP Price is trading on major supports
XRP News Now – In the recent annual report filed to the U.S Securities and Exchange Commission, MoneyGram declared $11.3 million in revenue due to its partnership with Ripple. Ripple Labs pays MoneyGram to utilize RippleNet in its operations. XRP News Now –Though MoneyGram’s overall revenue continues to dip, its incorporation with Ripple is a breath of fresh air for the company.
XRP News Now – MoneyGram started utilizing Ripple’Net’s On-Demand Liquidity (ODL) in the Q2 of 2019. Thus far, the partnership is proving highly successful. The report reads thus:
“The Company is compensated by Ripple in XRP for developing and bringing liquidity to foreign exchange markets, facilitated by the ODL platform, and providing a reliable level of foreign exchange trading activity.”
XRP is plummeting, though the bulls are still lurking in the corner
XRP Price Prediction 2020 – XRP is down by over 5% and it cleared the $0.1550 support level against the U.S dollar. XRP price is still trading moderately above the major $0.1450 and $0.1420 support levels. XRP News Now – there is a major bearish trend line establishing with resistance close to $0.1540 on the hourly chart of the XRP/USD pair. XRP price might stay well bided above the $0.1450 and $0.1420 support levels in the near term.
XRP Price Prediction 2020 – Ripple Price Prediction 2020
XRP News Now – After retesting the $0.1450 support level, XRP price failed to stay above the $0.1620 resistance level. XRP price made several trials to exceed the $0.1620 hurdles but failed. XRP Price Prediction 2020 –Hence, there was a new decline beneath the $0.1550 support level. The price broke the $0.1500 support level and remains well beneath the 100 hourly SMA.
XRP Price Prediction – XRP Price is Trading on Major Supports
XRP Price Prediction 2020 – A low is established close to the $0.1446 level, it is currently trading higher above the 23.6% Fib retracement level of the fresh decline from the $0.1623 high to $0.1446 low. XRP News Now – early resistance is close to the $0.1535 level. There is also a major bearish trend line establishing with resistance close to the $0.1540 on the hourly chart of the XRP/USD pair.
XRP (XRP) Price Today – XRP / USD
XRP News Now – The trend line is near the 50% Fib retracement level of the fresh decline from the $0.1623 high to $0.1446 low. XRP Price Prediction 2020 – Above the trend line, the next resistance is close to the $0.1580 level and the 100 hourly simple moving averages. The major barrier is close to the $0.1620 level, above which XRP price might surge moderately towards the $0.1750 level.