XRP price is enjoying the bulls while climbing upwards to $0.346 while eToro introduces XRP/JPY and XRP/GBP pairs. Meanwhile, a number of other developments are boosting XRP adoption and price.
XRP bulls enjoying the gains, making the ascend
The world’s 3rd largest cryptocurrency has been maintaining a nice ascending movement for the past couple of days. Last week, it reached $0.346, before taking a dip to $0.316. Since then the price has been on constant ups and downs swinging between the range of $0.32 and $0.33.
As you can see in the chart below, today has been a really good day for the XRP as it took a jump of about 4 percent. At the time of writing, it has been exchanging hands at $0.341. Starting the day from $0.328, it is managing the daily trading volume of about $246 million.
XRP/USD has broken the resistance of $0.340 level and showing signs of a bull trend. Even if it takes a dip, XRP has support at $0.320 that will manage to keep it around $0.330 level and from further dropping.
Right now, XRP has good days ahead and is likely to start the next month on a positive and bearish note.
Meanwhile, eToro, a social trading, and investment network have added another fiat pair against XRP. With a small list of crypto offerings, eToro added XRP last year but this time it has opened XRP trading for the Japanese and UK people as shared by this xrp enthusiast:
eToro has added XRP/GBP and XRP/JPY pairs – as well as BTC/EUR and ETH/EUR pairs. Gearing up to be a liquidity provider for xRapid? Or what do you think? #XRPcommunity @BankXRP @XrpCenter @digitalassetbuy @AlexCobb_ pic.twitter.com/cdhGoBp53g
— Hodlerboy (@OriginalHodler) August 27, 2018
eToro has opened XRP to other crypto-invested economies which will add to its adoption and its trading volume.
Moreover, Ripple’s partner XP Investimentos will be launching a crypto exchange XDEX in September, this year.
XP Investimentos in Brazil to launch crypto exchange in September: XDEX. 49.9% of XP is now owned by Itaú Unibanco, @Ripple partner since February 2018.$XRP#XRPthestandard#XRPcommunity
— Leonidas (@LeoHadjiloizou) August 28, 2018
Another partner of Ripple, IFX Payments, is partnering up with LianLian Pay the 4th largest payments company in China “to support the rollout of LianLian’s Happy Transfer money remittance solution for overseas Chinese individuals wishing to send money home.”
Strategic partnership between IFX, LianLian and @Ripple to support the roll out of LianLian’s Happy Transfer money remittance solution for overseas Chinese individuals wishing to send money home.$XRP#XRPthestandard#XRPcommunityhttps://t.co/6uhXTewTzm pic.twitter.com/kpL65CwvLW
— Leonidas (@LeoHadjiloizou) August 27, 2018
Also, read: XRP Decentralised or not? Ripple Product VP Asheesh Birla Settles the Debate
Special mention: UBS Ripple connection
Banks working with Ripple technology is nothing new, having more than 100 partnerships in its bag. The company behind the world’s 3rd largest cryptocurrency has been working on adding more names to its ever-growing list.
From Bank of Thailand, Bank Indonesia, Federal Reserve System, Monetary Authority of Singapore, Saudi Arabian Monetary Authority, Axis Bank, BankDhofar, Bank of America, Barclays, Cargills Bank, Commonwealth Bank of Australia, to IndusInd Bank, Kuwait Finance House, Royal Bank of Canada, Royal Bank of Scotland, Santander Bank, and Standard Chartered Bank among many others, Ripple is slowly spreading out all over the world.
According to a recent finding by Leonidas, Union Bank of Switzerland (UBS) is working with Ripple. Though Ripple and UBS first came together in 2016, the document shared was updated especially the Ripple-related part at the end of last year only that states:
“We have other consortium projects pairing us with R3 as well as a project with Ripple on real-time, cross-border payments.”
This is from October 2017, don’t know if it has been posted already. @UBS working on a project with Ripple on real-time, cross-border payments.$XRP @Ripple @BankXRP @XRPTrump @XrpCenter @Hodor7777 #XRPthestandard#XRPcommunityhttps://t.co/flwxSLqWQr pic.twitter.com/W7OeEhqyap
— Leonidas (@LeoHadjiloizou) August 26, 2018
Ripple and XRP is moving aggressively towards its goal to become the internet of value with its constantly growing adoption.
The post XRP Bulls Breakout While Adoption Gets a Boost with XRP/JPY, XRP/GBP & More appeared first on Coingape.
Written by Anjali Tyagi @ https://coingape.com/xrp-breakout-while-adoption-gets-boost/ August 28, 2018 Anjali Tyagi