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XRP Tests Critical Resistance at $1.28 and Targets $1.50 Again

Gaurav Roy by Gaurav Roy
September 4, 2021
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California, US – XRP challenges the resistance at $1.28, while the XRP/USDT pair has a 6%-increase in the recent 24 hours. Moreover, the bull flag looks forward to hitting the score $1.50.

XRP began displaying upside-performances after the price jumped from the EMA or Exponential Moving Average of 20-day. The ongoing case of Ripple and SEC or Securities and Exchange Commission affected the trajectory of this crypto.

The price of XRP could not pass the high price of $1.34 after the overall boost of 155% from its July trading price. On the other hand, the previous events pointed out that the movement of this price might arise into a strong wedge pattern, which attempted a breakout. While brawling with the resistance zone at $1.28, it might retest decreasing trend line of the strong structure.

The overhead resistance’s clearance marks the movement to its all-time high. Despite the possibility of the price to exhibit a strong cup, it’s possible to make its way to the $2.18-target price in the close term.

XRP Tests Critical Resistance at 1.28 and Targets 1.50 Again
XRP analyst foresees this crypto to trade at $1.50 to $1.60 in the next few days.

What’s important now is for XRP to keep its volume. It has been a losing streak since August 15, and the performance indicates that traders should be ready for a big move ahead. Regardless of the bearish moment in the candlestick, the price traded at $1.22. It might make buyers enter long positions, aiming the 32%-rally.

On another note, the price of the XRP/USD pair increased 4.74%, reaching $1.296, and it’s the first time since August 23. It boosted alongside the spike in exchanging volume of the four-hour chart. It confirmed the intent of traders to support the upside move in the next sessions.

XRP needs to go higher, and it will reflect a similar strong move in other cryptocurrencies. CrediBULL Crypto stated that XRP might reach $1.50 to $1.60 in the next few days. This analyst also stated impulse buying sentiment close to the bottoms of all major digital assets, including Bitcoin or BTC.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: bearishBTCbullishcandlestickcrypto analystcrypto marketcrypto tradercrypto tradingcryptocurrencydigital assetsperformancepredictionresistancesupport
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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