XRPUSD (Ripple) – Week 39 – The bulls are taking control?
RippleX, Ripple's developer arm, has announced the first round of XRPL awards to help fund the company's growth. The award will provide funding to developers working on XRP-based projects. The creation of non-fungible tokens was the focus of the most recent awards. RippleX selected 25 candidates from ten countries and granted them $2 million, according to a release.
The San Francisco-based payments company Ripple says its technology will power a central bank digital currency (CBDC) pilot project in Bhutan. The nation’s Royal Monastery Authority (RMA) is collaborating with the crypto firm to roll out its very own CBDC as a way of improving the efficiency of cross-nation payments and increasing financial inclusivity, according to a post on Ripple’s website.
Technically, for Ripple we give a higher probability for the price to go higher. The price touched the support zone multiple times and for now we see it going higher at least for a bigger correction in this area if not for a total upside. Potential areas to watch for continuation or reversal are the $1.02 and $1.12.
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.
The San Francisco-based payments company Ripple says its technology will power a central bank digital currency (CBDC) pilot project in Bhutan. The nation’s Royal Monastery Authority (RMA) is collaborating with the crypto firm to roll out its very own CBDC as a way of improving the efficiency of cross-nation payments and increasing financial inclusivity, according to a post on Ripple’s website.
Technically, for Ripple we give a higher probability for the price to go higher. The price touched the support zone multiple times and for now we see it going higher at least for a bigger correction in this area if not for a total upside. Potential areas to watch for continuation or reversal are the $1.02 and $1.12.
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.
