XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies.
According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries.
At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple.
The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users.
The app will also be able to approve of deny payments to different individuals and firms.
Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet.
QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).”
A new poll reveals interesting XRP facts
The Daily Hodl online publication spotted a new Twitter poll that’s been conducted by pseudonymous Ripple and crypto enthusiast XRP_Cro, and this reveals that most of XRP investors believe the coin will surge above $100.
“A new poll that targets the XRP community and involves over 1,000 participants shows that 43% say they plan to partially or fully sell their XRP holdings around $100. 39% say they look to sell between $10 – $50, while the remaining 18% claim that they’ll unload between $3 – $10,” according to the notes.
As the Daily Hodl continues and reveals, “On the question of which crypto asset they think will give the biggest return on investment ( ROI ) in the next bull cycle, 77.9% chose XRP, while 15.7% placed their bets on supply chain management protocol VeChain (VET). Bitcoin ( BTC ) and Ethereum (ETH) garnered 2.9% and 3.5% of the votes, respectively.”

Participants have also been asked which digital assets they are holding besides XRP – 65% of the respondents picked VeChain (VET), while 27% chose Cardano (ADA), 14% favored Stellar ( XLM ), and only 4.1% selected Ethereum .
Major distribution territories: $0.22, $0.24, $0.26
• Major accumulation territories: $0.20500, $0.19000, $0.18000
The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line.
All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area.
At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple.
In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105.
We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level.
We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average .
We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206.
If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels.
If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels.

Ripple’s XRP slid by 5.21% in the week ending 18th October. Reversing a 3.07% gain from the previous week, Ripple’s XRP ended the week at $0.24216.
It was a mixed start to the week. Ripple’s XRP rose to a Tuesday intraweek high $0.25998 before hitting reverse.
Falling short of the first major resistance level at $0.2638, Ripple’s XRP slid to a Friday intraweek low $0.23783 and into the deep red.
Ripple’s XRP fell through the first major support level at $0.2438 before finding support through the weekend.
In spite of 2 consecutive days in the green, however, Ripple’s XRP failed to break back through the first major support level .
3-days in the red that included a 2.89% slide on Tuesday and a 2.36% fall on Friday delivered the downside for the week.
For the week ahead
Ripple’s XRP would need to move through the $0.2467 pivot level to support a run at the first major resistance level at $0.2555.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2550 levels.
Barring an extended crypto rally, the first major resistance level and last week’s high $0.25998 would likely cap any upside.
In the event of a breakout, Ripple’s XRP could test resistance at $0.26 before any pullback. The second major resistance level sits at $0.2688.
Failure to move through the $0.2467 would bring the first major support level at $0.2333 into play.
Barring an extended crypto market sell-off, however, Ripple’s XRP should steer clear well clear of sub-$0.23 levels. The second major support level sits at $0.2245.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.24214. A mixed start to the week saw Ripple’s XRP rise to an early Monday morning high $0.24281 before falling to a low $0.24203.

Ripple’s XRP left the major support and resistance levels untested at the start of the week.
ENTRY 1 $0.20580 (1/3) position size
ENTRY 2 $0.18468 (2/3) position size
ENTRY 3 $0.16000(3/3) position size
SL $0.14580
TP.1 $0.21468
TP.3 $0.29468
TP.4 $0.34580--- (TRAIL STOP LOSS FROM TP.3)
tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11
TP.8 $3.30

XRP and its role in the growing blockchain adoption
Another key point revealed by the Ripple report is the diversification in use cases by companies using blockchain technology. 98% of participants using a blockchain have deployed technology for supply chain management (62%), commerce, and finance (51%). So it’s not surprising that 99% of participants said their company could use a digital asset such as XRP to process payments or as a medium of exchange. In contrast to the 2018 results, this figure has grown by 94%.

Among the strengths that participants said blockchain technology has, the speed to make cross-border transactions received 40% of the responses. In this aspect, the digital asset XRP and its instantaneous transfers with Ripple’s On-Demand Liquidity solution offer the most important benefit for respondent companies. Along with cost (32%) and reliability (27%), as shown below.Among the obstacles to blockchain adoption, participants mentioned a lack of regulatory clarity, the amount of investment required to implement the technology, and security. However, the results show that digital assets such as XRP are increasingly becoming an important part of the development of the blockchain industry. The report concludes:
Emerging markets are leading the charge, recognizing that responsible usage of blockchain and digital assets can unleash tremendous potential for their economy. Without a doubt, both will drive greater financial inclusion and economic growth not unlike the Internet’s impact . Mature markets stand to benefit as well
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Thanks for the complete picture and analysis!
+2 Reply
@Gaengphed no problem! I appreciate the feedback
Very nice analysis! Check out our BTC view. I think the bullish run will cascade to XRP.
+1 Reply
MavRich_Trading Phi-Deltalytics
@Phi-Deltalytics exactly what i was thinking! Love that mark up bro 👏🏻
Very good long term view analysis. 🐻‍❄️🙏😊😃
+1 Reply
@PolarHusk thank you 🙌🏻
banking app is news to me. very nice. thanks!
+1 Reply
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