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- Ripple (XRP) technically bullish
- HIPC Partnership bullish
By collaborating with PPTEP of Thailand with Siam bank as a facilitator, investors can see directly why the platform can help industries in all areas. Even in this case, Ripple (XRP) offers substantial support at 30 cents..
Ripple price badysis
fundamentals
The good news, for the investor in general, is the rate at which Ripple Inc. establishes partnerships. By the end of 2018, 200 banks were using RippleNet. XRapid had 13 clients among these 200 financial institutions. This is an important step for a service that, at the end of last year, was two months old. Even then, the advantage of xRapid lies in its speed. Because it uses xCurrent-defined channels, banks that adopt their software can also benefit from end-to-end tracking by a proven global payment platform.
On the other hand, xRapid offers almost instant speed and settlement at 4 seconds and that would drop further up to 1 second after Cobalt. Far from partnerships, Wietse Wind and his team work overtime, creating instances of XRP use as they also benefit from Ripple Inc. support via Xpring. Recognizing that interoperability of blocks and micro-payment are the future, XRPL Labs is collaborating with ILP as well as Coil, whose founder, Stefan Thomas, was the CTO of Ripple Inc. before handing over control to David Schwartz, who sells XRP – he has the right to … in a risk reduction strategy.
The latest news is Ripple's strategic collaboration with PTT Exploration and Production (PTTEP). PTTEP is an oil exploration company based in Thailand. With benefits, the oil company will use the Ripple Inc network for remittances with Siam Bank as a facilitator.
Chandelier arrangement
At the time of the press, Ripple (XRP) rose by 1.1% on the last day. However, it is down 10.3% the previous week, as bears resume the first quarter of 2019 test. We will remain optimistic, but we will change quickly if prices fall below the January 30th low. , with volumes above average. Note that there is a two-bar inversion scheme beyond the 30 cent mark confirming bulls after the April 25th wind-up.
Nevertheless, history tells us that 30 cents is a high support level. Again, from the point of view of the effort versus the results, the XRP is present and reaches the lowest level in September 2018. This means that buyers are in charge. Therefore, in line with our XRP / USD business plan, we will maintain optimistic optimism. As a result, traders should only initiate their purchases when prices exceed 34 cents as a result of high trading volumes.
Technical indicators
From there, the 25 April Big Bear Bar is our reference bar. With high volumes – 48 million euros, the trend will be maintained if there is a similar bar with volumes greater than 48 million or better, even 79 million in April-2.
Chart courtesy of Trading View
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