Ripple, a payment solution provider, announced the opening of a new corridor between Japan and the Philippines. This is the first time the firm has offered On-Demand Liquidity (ODL), a payment system based on the XRP token, in Japan. According to Ripple, the corridor was established in partnership with SBI Remit, one of the country's most popular money transfer providers, and Coins.ph, the Philippines' largest mobile wallet. The payment solution will link the wallet to the SBI VC Trade on RippleNet digital exchange platform.
According to Ripple’s Q2 report, XRP, the sixth-largest cryptocurrency by market cap, saw its trading volume soaring to $4.4 billion in the second quarter of the year, logging a 98 percent quarter-over-quarter increase. Is it worth noting that XRP also had four days with the highest trading volume throughout its entire history.
Technically, Ripple made the up move that we were expecting in the last week’s report. Now the price finds itself at the small resistance area marked on the chart. The price action indicates that a correction is under way that has a higher probability of breaking to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
According to Ripple’s Q2 report, XRP, the sixth-largest cryptocurrency by market cap, saw its trading volume soaring to $4.4 billion in the second quarter of the year, logging a 98 percent quarter-over-quarter increase. Is it worth noting that XRP also had four days with the highest trading volume throughout its entire history.
Technically, Ripple made the up move that we were expecting in the last week’s report. Now the price finds itself at the small resistance area marked on the chart. The price action indicates that a correction is under way that has a higher probability of breaking to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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