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XRP to Hit $1.50 Without Opposition After Reaching $1.40 This Week

Gaurav Roy by Gaurav Roy
August 24, 2021
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California, USA – XRP makes it out of the correction despite minimal losses, and it looks forward to reaching a trading price of $1.50.

After a violent spike on August 14, XRP boosted its trading price, and it looks forward to another boost after bouncing off the descending trend. It made it out of the correction, and the performance of this crypto is looking healthier, which signifies a chance for a boost. It might hit its target price as subsequent interest ascends.

When the price went down to $1.09, buyers took the chance to buy. After three consecutive days of price action and profit, the price jumped back to $1.30. Sellers are trying to move buyers out of the long positions, but it was not successful because this crypto didn’t bounce off the descending trend.

Under short-term performance, XRP can trade at $1.35, lower than its previous week’s price. There’s due on its retest, and it should have a rally of XRP if it can hit $1.40. Once it hits this price, the short-term profit-seekers will be removed from the profit-taking, letting buyers pick up the price again at $1.40.

XRP to Hit 1.50 Without Opposition After Reaching 1.40 This Week
XRP looks forward to a $1.50-trading price after it reaches $1.40
XRP might anticipate another jump since only buyers stick to the position. It will trade higher, and sellers will begin looking for price action in the short term. Sellers will start to expect a higher price, letting buyers control the price again. Once it hits $1.40, the target price will reach $1.50. This increase will be durable at the end of next week, and the performance depends on the risk-on sentiment in the crypto market

On another note, the case of the US SEC or the United States Securities Exchange Commission continues, and it will proceed to the fact discover, which the Judge set on August 31, 2021. Both parties have until the end of the month to submit necessary evidence to support each other’s allegations.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: buyerscasecorrectioncrypto marketcrypto tradingcryptocurrencydigital assetgovernmentinvestorslawysuitprofitresistanceSECsellerssupport
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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