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The Bulls Need to Defend the $0.73 Price to Make a Run for $1

Gaurav Roy by Gaurav Roy
April 25, 2022
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TOKYO, Japan – All coins in the cryptocurrency market are vulnerable to volatility; however, we have seen strong players in the field, and XRP is surely one of them. Its price continues to change from low to high, but still, it maintains a good sense of equilibrium and stability if it will not go lower than $0.60.

Ripple is still leaning a bit to the bearish side, and bears continue to pull down the price as more and more investors pull out their funds. But buyers and long-term haulers of this coin are looking at its future with a positive outlook.

Once it surpasses the $0.70 resistance barrier, bulls will start to run reign-free again and help the coin set a bullish trend. Buyers expect an upward trend, with XRP’s price rising to anywhere between $0.79 and $0.80.

The Bulls Need to Defend the $0.73 Price to Make a Run for $1
Multiple dollars falling off with the US flag in the background

The French elections are also paving the way for Ripple to gain momentum. Another factor in play why a bullish theory is being drawn out is the weakening of the dollar.

Still, some risk factors are to consider, as Ripple is not immune to any vulnerability and from hitting low. Since equity markets are increasing in losses, the dollar could have more gains, kicking the bulls out of the $0.70 mark. You might be looking at a nosedive to as low as $0.67 this month if this happens.

Ripple needs to hit above the $0.70 benchmark to possibly make it to $1. If this will push through, you can put your hopes on Ripple gaining 15% of its value. The best action to take is to defend and build momentum.

The Bulls Need to Defend the $0.73 Price to Make a Run for $1
Photo of a Ripple (XRP) coin with multiple colour schemes in the background

If you ask if it’s safe to buy XRP now, the answer is yes. You can take advantage of the price right now, making a rally for next week.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: Ripple newsripple news todayXRP bull trendxrp newsxrp news today
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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