• Home
  • Ripple
  • XRP
  • Contact Us
XRP News
No Result
View All Result
XRP News
No Result
View All Result

XRP Price Drops to $0.16 – BiBoxEurope Introduces the Move for XRP

Jamie West by Jamie West
April 16, 2020
Home News
Share on FacebookShare on Twitter

United States – The XRP price exchanged sideways in the previous weeks between the amount of $0.20 and $0.184. The 1.5%-drop in the last 24 hours of exchange led the price to $0.184.

The XRP/USD price slid under the support zone of $0.18, leading the price drop to $0.16. Moreover, a bullish, bearish hold is there due to the rising gap between the 200-day and 50-day simple moving average.

Despite the XRP price dropping to $0.16, there’s something new to XRP. BiboxEurope has a new tactic that involves XRP. It aims to extend its backing through XRP tokens.

Exchanging XRP to CHF, GBP, and EUR is now possible with the platform of BiboxEurope.

After the price drop last week, the XRP price established a resistance level that’s close to $).1815. The XRP/USD might alter more, yet it’s possible to encounter blocks.

XRP Holds Bullish Support at Climbing Line – Can Bulls Secure It?

XRP Price Drops to 0.16 BiBoxEurope Introduces the Move for XRP

Ripple’s XRP saw a price drop worth 1.5% in the previous 24 exchanging hours. This digital currency endures exchanging at a price level of $0.184, with a Fib retracement level of 23.6%. Moreover, this crypto-asset traded between the support level of $0.184 and a resistance level of $0.20 in the previous trading week.

XRP also succeeded in looking for support, which is at an increasing trend. It had a halt under this indicator, wherein a downward line might be on the prospect.

XRP struggled at the price level of $0.20 in the previous week. The bearish Fib retracement level of 38.2% provided the resistance. Also, it’s from the high price of February to the low cost of March.

XRP decreased to the $0.184-support level after the resistance level, with a Fib retracement level of 23.6%. Furthermore, it hit a support zone at an increasing line.

XRP has a neutral after exchanging askew for one week. On the other hand, it’s going to decrease under $0.184, the increasing support line in the crypto market is probable to be bearish.

The first support zone will be at $0.18 if the traders drive the price lower. Under this price, the support zones are $0.17, $0.159, and $0.148.

The primary resistance level will be at $0.20 if the bulls increase. Over this price, the resistance levels are $0.211, $0.229, and $0.24.

XRP/USD Drops to $0.16 From the Support Level of $0.18

XRP Price Drops to 0.16 BiBoxEurope Introduces the Move for XRP

XRP price is exchanging in “red” status on April 16, Thursday. The Asian session is approaching a stop as the European one arranges the takeover despite intensifying instability and crushing actions. The XRP/USD pair steadied at the price level of $0.18 at the start of the week. The steadiness succeeded a withdrawal from the $0.2059-monthly high.

On the other hand, the bearish movement from the mid-week forced Ripple under significant support. It might test a price of $0.16 before a rebound if the bearish leg prolongs. Presently, the XRP price is wobbling at the level of $0.1791, which is after the 0.86% loss.

The daily chart for the XRP/USD pair displays that Ripple exchanged below the moving averages. The simple moving average or SMA of 50-day is in harmony to delay the price movement at the level of $0.1886. As for the 200-day SMA, it’s keeping the price at $0.2341. The extensive gap between two SMAs indicates that Ripple is gradually going to the bears’ hands.

Ripple is improbable to establish a comeback over the price of $0.20 unless a substance comes to increase the amount. The longer it remains under the price of $0.20, it makes the bears more bullish. The state leaves purchasers discouraged.

However, the MACD is stead. There’s no loss for the bulls. Furthermore, they can recover command.

Fiat-to-Crypto Trading Company Has New Actions on Ripple’s XRP

XRP Price Drops to 0.16 BiBoxEurope Introduces the Move for XRP

A prominent fiat-to-crypto trading company, BIBoxEurope, is back in action, and It has a new movement that concerns Ripple’s XRP. The last tie that the project reached the crypto market was because of the London Stock Exchange Group’s cooperation, which was in the previous year.

The community of BiBoxEurope can exchange XRP over GBP, CHF, and EUR. The records of the XRP exchange pairs are part of the platform’s sustained initiative to offer fiat exchange capability to quality blockchain platforms. It shifted its attention to the period’s fintech scheme, which is XRP. From the listing, XRP will be the initial project to be under the new Website 2.0 since the company desires for an upgrade.

BiBoxEurope proposes to prolong support for the scheme through enhancement of XRP coins’ accessibility to the European public. The XRP procedure was influential in presenting blockchain technology to typical funding institutions. Ripple uses XRP, as well as others, to process and resolve cross-border settlements promptly and dependably.

BiboxEurope visualizes its trading venture to be more than an exchanging platform. It aims to be an international clearing system’s member upon its gaining of a bank license, which is in Switzerland.

According to Aries Wang, the co-founder of BiBoxEurope, the company can be independent of third-party funding institutions, and it can give enterprise-level defrayal services to procedures such as Ripple’s XRP.

BiBoxEurope thinks that XRP has the probability of transforming the international fintech industry. The boosted adoption of cryptocurrency might endorse XRP to European users. It may even recover cross-border dealings with prompt payment.

XRP Price’s Support Level Becomes a Resistance at $0.1810

XRP Price Drops to 0.16 BiBoxEurope Introduces the Move for XRP

Ripple is near to a 5%-drop, and it broke the significant support level of $0.1810 over the United States or the US dollar. The XRP price is presently regaining. However, the exact support level is probable to secure gains.

The XRP price didn’t succeed in enduring higher over the $0.1900-resistance level. It previously dropped abruptly under the support levels of $0.1800 to $0.1810. The bears take charge, wherein it resulted under the price of $0.1800 and a 100-hourly SMA. Furthermore, the price exchanged under the price level of $0.1750, and it established a weekly low of $0.1738.

Ripple is presently altering higher, and it’s trading over the price level of$).1750. It’s checking the 50% Fib retracement level from the high price of $0.1857 to the low price of $0.1738, which is close to the $0.1810.

There’s a significant bearish trend establishing with the resistance level that’s close to the $0.1815-price of the XRP/USD pair. It’s probable to experience a bullish resistance that’s close to the standards of $0.1810 and $0.1820 if it alters higher. A successful ending over the levels of $0.1810 and $0.1820 may open the opportunities for a new boost to the resistance levels of $0.1900 and $0.1920.

It’s probable to continue the drop if the XRP price brawls to regain over the resistance levels of $0.1810 and $0.1820. The primary support level is close to $0.1740. There’s also a halt under the support level of $0.1740, wherein it might open chances for drops between $0.1700 and $0.1680 levels.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: Asianbullish movebullscrypto assetcrypto marketcrypto tradingcryptocurrencydepositordigital assetdigital currencyEuropeexchangesinvestmentprice actionprice dropresistancesupport leveltrading
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

Next Post
XRP Readies for a Price Over 0.19 Dollar Bitcasino Considers XRP

XRP Readies for a Price Over $0.19 – Bitcasino Considers XRP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • XRP Price Maintains Rally Hopes as DOGE Breaks Down March 6, 2025
  • XRP price to $18K? — One crypto ‘research’ group says it’s possible March 6, 2025
  • Research Group Predicts XRP at $18K—Too Good to Be True? March 6, 2025
  • Blockchain Investigator Finds 2.7B XRP in Dormant Wallets—Tied to Ripple Co-Founder? March 6, 2025
  • XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming? March 6, 2025

Chat with our XRP expert!

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.

  • Home
  • Ripple
  • XRP
  • Contact Us

2023, XRPNews.com

No Result
View All Result
  • Contact Us
  • HTML Sitemap

2023, XRPNews.com