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Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum.
Last week wasn’t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result, the week closed below $0.4255. Notably, the entire week had the token’s price steadily following a huge bearish trend, declining to $0.4018 before climbing back to $0.4123 and terminating there for the week.
Notably, most indicators have been engrossed in the oversold zone, implying the possibility of a temporary uptrend.
 Ripple Price plunges with no signs of getting up | Source: TradingView.com
However, the token’s price must create a higher low and higher high to validate this momentum reversal. This also means that the bulls must push XRP’s price up to $0.65 before it can create form a bullish trend.
What Are The Odds?
Due to the massive decline, one can only expect the XRP token to record a bullish momentum, or bullish mean reversal, temporarily. On the other hand, we can expect it to be short-term, given the present market structure. The technical oscillator’s value shows that the token tested the all-time-low (ATL) in the hourly, daily, and weekly charts.
Related Reading | More Stress For El Salvador As Bitcoin Dips To $29,000
It’s also worthy to note that the token’s price is still trading below the 50-day & 100-day Exponential Moving Average (EMA). Thus, a rejuvenated buying pressure would force the price to reach the 50-day Exponential Moving Average before testing the psychological $0.50 mark.
On the other hand, a decline in the bearish momentum would cause the coin to continue in a steady decline or downtrend. Should XRP break below the current session’s low value, it’d test Friday’s low at $0.40.
Technical Indicators
Moving Average Convergence Divergence: The MACD trades underneath the midline with steadily growing bullish momentum. Relative Strength Index: The RSI hovers close to the average line, having no stated directional bias.
A Brief On Ripple?
Ripple is an innovative crypto project that functions very interestingly as a cryptocurrency and a payment gateway. Created by the Ripple Labs, the Ripple crypto project enables users to facilitate payments, cryptocurrency lending, and other financial platforms. While Ripple enables worldwide payments, the XRP token allows users to swap between cryptocurrencies.
Related Reading | Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover
Notably, Ripple was established in 2012 by Chris Larsen together with Jed McCaleb. Four years after then, the company purchased BitLicense from New York State to increase the integrity of its XRP token. However, following the global cryptocurrency crackdown, Ripple dropped by over 21% and struggled within that zone for a long time.
Featured image from Pexels, chart from TradingView.com


Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum. Last week wasn&#8217;t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result, the week clo...

newsbtc.com

Ripple Price Falls Below $0.43 As Bears Take Control Of The Market

The crypto market has not yet recovered from the recent collapse. During this time, Ripple continues its macro downward trend from last year and is currently trading close to its lowest yearly level.
Technical Analysis
By Grizzly
The Daily Chart
As seen in the daily timeframes and linear graph, XRP has reached the descending line (in white), which is now acting as support. Since hitting this level, the market bounced significantly. Suppose the bulls can hold the price above the static support level at $0.33 (in green) and accumulate strongly in this area. In that case, the cryptocurrency might attempt a shot at $0.51. To achieve this, Ripple must form a higher high than the last one, which it has not been able to do in the past year.
At this point, XRP requires a catalyst, such as fundamentally positive news. A possible drive could be a positive outcome of the SEC trial.
Key Support Levels: $0.33 & $0.17
Key Resistance Levels: $0.55 & $0.68
Source: TradingView
Moving Averages:
MA20: $0.50
MA50: $0.64
MA100: $0.71
MA200: $0.79
The 4-Hour Chart
On the 4-hour timeframe, XRP fluctuates within a descending triangle (in orange). A pattern that is often considered bearish. However, there are two possible scenarios:
First: if the bulls can push the price above the horizontal resistance at $0.047 (in blue), then one can consider a short-term uptrend.
Second: if the horizontal support at $0.04 is breached, the bearish pattern will be confirmed, and once again, the demand area will likely be tested in the range of $0.33-$0.36.
Source: TradingView
The XRP/BTC chart
The BTC pair chart shows the price fluctuating between the Fibonacci levels of 0.618 and 0.5, which serve as support and resistance levels.
Given that horizontal support at 1550 Sats has now become a critical resistance, bulls should be able to return above it before initiating any robust moves. Suppose the support at 1250 Sats is lost. In that case, the horizontal support at 917 Sats, which is the Fibonacci level at 0.786, may prevent further declines.


The crypto market has not yet recovered from the recent collapse. During this time, Ripple continues its macro downward trend from last year and is currently trading close to its lowest yearly level. Technical Analysis By Grizzly The Daily Chart As seen in the daily timeframes and linear graph, X...

cryptopotato.com

XRP Recovers 10% in a Week, Will the Recovery Continue? (Ripple Price Analysis)

Ripple, an American FinTech firm, and FINCI, a Lithuanian FinTech firm, have partnered up to make retail remittances and B2B payments faster and more affordable. This is done through RippleNet’s On-Demand Liquidity (ODL), which uses XRP for cross-border payments that are crypto-enabled.
This partnership will allow customers and businesses to make real-time payments while sparing financial organizations to pre-fund their accounts.
  Related Reading | Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030
FINCI is an online cross-border money transfer provider that uses a Mastercard-powered debit card and a mobile app to transfer multiple currencies quickly across 29 countries. While RippleNet’s ODL provides crypto-enabled international payments. 
The company is the market leader (in crypto-enabled cross-border payments). ODL allows RippleNet consumers to leverage the digital asset XRP to bridge two currencies in three seconds and ensure the quickness of the transaction.
FINCI, Ripple’s First Customer In Lithuania 
According to Wednesday’s May 18 press release, FINCI is the first customer in Lithuania for Ripple. It brings the opportunity to explore a new market for Ripple’s ODL. Lithuania is now one of the most crypto-friendly nations in Europe.
XRP is currently trading at $0.41 with a 6% decline | Source: XRP/USD price chart from Tradingview.com
With this partnership, FINCI’s customers can make seamless payments between Europe and Mexico. In addition, it will allow them the opportunity to return capital to their business, which eliminates the need for FINCI to pre-fund accounts abroad.
 Managing Director at Ripple, Sendi Young, said:
Cross-border payments have traditionally been slow, complex, and unreliable. ODL is the first enterprise-grade solution to address these cross-border payment problems by tapping into global crypto liquidity, giving our customers a completely new way of doing business to help them grow and scale. We’re delighted that FINCI is our latest ODL deployment in Europe and are looking forward to soon announcing additional European partners who are preparing for a crypto-enabled future.
The coming together of the two fintech companies will make it easier for customers and businesses to make real-time payments. It includes making remittances and fund transfers internationally “faster, more reliably and at a lower cost.” Moreover, ODL leverages XRP to settle payments in local currencies in real-time by tapping into crypto liquidity. 
   Related Reading | Russia To Legalize Cryptocurrency As Form Of Payment, Minister Says
CEO of FINCI, Mihails Kuznecovs, stated:
We’re excited to be working with Ripple to make it easier for FINCI customers to move money around the world. We share the same fundamental goal of removing the hidden inefficiencies affecting international payments. What’s more, the savings and operational improvements we’ll achieve by using Ripple’s ODL will allow us to put money back into the business and enhance our offering to our customers.
The press release also stated that 2021 was the most successful year for the company, with more transactions on RippleNet than any other year. This resulted in a $15B annualized payment volume run rate.
 
            Featured image from Flickr, and chart from Tradingview.com
 


Ripple, an American FinTech firm, and FINCI, a Lithuanian FinTech firm, have partnered up to make retail remittances and B2B payments faster and more affordable. This is done through RippleNet&#8217;s On-Demand Liquidity (ODL), which uses XRP for cross-border payments that are crypto-enabled. Thi...

bitcoinist.com

Ripple To Launch XRP Powered On-Demand Liquidity Solution In Lithuania

Ailing stock markets continue to impact crypto prices and technical analysis suggests BTC is at risk of falling below its recent $25,500 low. 

cointelegraph.com

Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

San Francisco-based payments company Ripple is partnering with a Lithuanian financial technology (FinTech) firm to facilitate cross-border money transfers.
In a new press release, Ripple says it’s joining forces with the Vilnius-headquartered FINCI to offer services for both retail and business-to-business (B2B) customers.

RippleNet’s On-Demand Liquidity (ODL) protocol will leverage XRP to enable payments between Europe and Mexico without requiring FINCI to tie up capital by pre-funding accounts located abroad.
FINCI CEO Mihails Kuznecovs says of the new partnership,
“We’re excited to be working with Ripple to make it easier for FINCI customers to move money around the world.
We share the same fundamental goal of removing the hidden inefficiencies affecting international payments.
The savings and operational improvements we’ll achieve by using Ripple’s ODL will allow us to put money back into the business and enhance our offering to our customers.”
FINCI represents Ripple’s first-ever customer located in Lithuania, and its ODL service has now expanded into over two dozen payout markets including Singapore, Poland, and Thailand.
Ripple’s European managing director Sendi Young explained how using ODL enables more efficient international transactions.
“Cross-border payments have traditionally been slow, complex and unreliable.
ODL is the first enterprise-grade solution to address these cross-border payment problems by tapping into global crypto liquidity, giving our customers a completely new way of doing business to help them grow and scale.”
While Ripple remains in a protracted standoff with the U.S. Securities and Exchange Commission (SEC), the FINCI deal marks the latest in a series of international business partnerships.
Last September, Ripple announced it was working with Bhutan to create a central bank digital currency (CBDC), and in November it partnered with the Republic of Palau to develop a government-backed stablecoin and ease cross-border money transfers.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/MiniStocker/INelson
The post Ripple Signs New Partnership With International Money Transfer Firm To Use XRP for Cross Border Payments appeared first on The Daily Hodl.


San Francisco-based payments company Ripple is partnering with a Lithuanian financial technology (FinTech) firm to facilitate cross-border money transfers. In a new press release, Ripple says it&#8217;s joining forces with the Vilnius-headquartered FINCI to offer services for both retail and busi...

XRP price	$0.41422
Low - High 24H	$0.410588 - $0.418371
Market cap	$20.02B
Volume 24H	$1.26B
All time high	$3.40 -87.80% January 7th 2018
All time low	$0.002686 15331.66% May 22nd 2014
Genesis date	N/A

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