Ripple’s XRP Rise! Also Attempt to Stay Above $0.5000 as it Breaks Weekly Declining Trend
XRP Headline Stealer
For the last few months, the third largest coin by market capitalization XRP and its team/firm backing it up Ripple[labs] have been taking center stage with no mercy for the other cryptocurrencies. On the 17th of September, Sagar Sarbhai – company’s head of regulatory relations for the Middle East and Asia Pacific announced the plans to commence xRapid:
I am very confident that in the next one month or so you will see some good news coming in where we launch [xRapid] live in production.
Following the announcement, Ripple’s XRP increased tremendously its value against the US Dollar in a daily basis going for the big $1.00. Three times in a week it took Ethereum‘s well cemented second position. During Swell, 1st to 2nd of October, the team confirmed that its technological solution for the financial industry xRapid is already running to make cross-border payments more efficient.
Afterwards various coins [Tron TRX, Stellar XLM etc] followed the speedy coin’s movement inclining towards price recovery after the bearish beginning of September.
Since end of September the general sentiment towards the market is in the negative standing as values are fighting to stand higher the important levels. Today’s XRP/USD performance is showcasing a speedy break above the 7-days declining trend that moved the pair from $0.6100 to $0.5120.
As sellers are having their saying throughout the top ten coins by market cap it is difficult at the present moment for the aforementioned pair to make any changes despite its clearing.
Recommended to See: Today’s crypto-price Analysis Category.
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