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XRP to Reach $1.50 as per Crypto Experts After Staying on $1.36

Gaurav Roy by Gaurav Roy
August 17, 2021
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San Francisco, CALIFORNIA – Buyers take over XRP with expected upsides where it might reach $1.50 after its $1.36-trading price in the past 24 hours.

XRP had a 60%-surge this week, increasing over the 100-day Moving Average or MA against BTC. Now, it remained in its place, trading at $1.36, which analysts found impressive because it broke the pattern at the beginning of August.

Last August 13, the XRP/USD price hit over $1, and on August 14, the price went higher to $1.25. The support levels are $1.19, $1.10, and $1.00, while the resistance levels are $1.27, $1.36, and $1.49.

Under the short-term price prediction, the first support is $1.19, followed by $1.10, $1.00, and $0.928. As for the resistance, it’s at $1.27, having a bearish .618 Fib, and it’s followed by $1.36, $1.49, and $1.62. Aside from that, the daily RSI or Relative Strength Index hit overbought conditions last weekend.

Moving over to XRP/BTC, XRP could not close the daily candle over yesterday’s SAT, 2728 SAT. Instead, it dropped to 2640 SAT. The support levels are 2565 SAT, 2380 SAT, and 2200 SAT, while the resistance is 2730 SAT, 2915 SAT, and 3000 SAT.

XRP to Reach 1.50 as per Crypto Experts After Staying on 1.36
Buyers squeezes out short-sellers, blocking the XRP price until $1.10

As for the short-term price prediction, the first support was under 2565 SAT, followed by 2380 SAT, 2200 SAT, and 2000 SAT. The first resistance was at 2730 SAT, followed by 2915 SAT, 3000 SAT, and 3090 SAT. Also, the RSI had overbought conditions, indicating that the market can retrace while the buyers regroup.

After the buyers took over this digital asset, squeezing out short-sellers from the bear trap, the price got blocked at $1.10. Despite the attempt of sellers to enter in a short position, it was not successful, leading the price to $1.30.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: altcoinbuyerscrypto marketcrypto tradingcryptocurrencydigital assetmarket capitalizationmoving averageresistancesellerssupporttraders
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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