Altcoins

XRP Bulls Breakout While Adoption Gets a Boost with XRP/JPY, XRP/GBP & More

from Coin Gape 5 years ago 0 0 647

XRP price is enjoying the bulls while climbing upwards to $0.346 while eToro introduces XRP/JPY and XRP/GBP pairs. Meanwhile, a number of other developments are boosting XRP adoption and price.

XRP bulls enjoying the gains, making the ascend

The world’s 3rd largest cryptocurrency has been maintaining a nice ascending movement for the past couple of days. Last week, it reached $0.346, before taking a dip to $0.316. Since then the price has been on constant ups and downs swinging between the range of $0.32 and $0.33.

As you can see in the chart below, today has been a really good day for the XRP as it took a jump of about 4 percent. At the time of writing, it has been exchanging hands at $0.341. Starting the day from $0.328, it is managing the daily trading volume of about $246 million.

XRP/USD has broken the resistance of $0.340 level and showing signs of a bull trend. Even if it takes a dip, XRP has support at $0.320 that will manage to keep it around $0.330 level and from further dropping.

Right now, XRP has good days ahead and is likely to start the next month on a positive and bearish note.

eToro adds XRP/JPY & XRP/GBP, more on XRP

Meanwhile, eToro, a social trading, and investment network have added another fiat pair against XRP. With a small list of crypto offerings, eToro added XRP last year but this time it has opened XRP trading for the Japanese and UK people as shared by this xrp enthusiast:

eToro has opened XRP to other crypto-invested economies which will add to its adoption and its trading volume.

Moreover, Ripple’s partner XP Investimentos will be launching a crypto exchange XDEX in September, this year.

Another partner of Ripple, IFX Payments, is partnering up with LianLian Pay the 4th largest payments company in China “to support the rollout of LianLian’s Happy Transfer money remittance solution for overseas Chinese individuals wishing to send money home.”

Also, read: XRP Decentralised or not? Ripple Product VP Asheesh Birla Settles the Debate

Special mention: UBS Ripple connection

Banks working with Ripple technology is nothing new, having more than 100 partnerships in its bag. The company behind the world’s 3rd largest cryptocurrency has been working on adding more names to its ever-growing list.

From Bank of Thailand, Bank Indonesia, Federal Reserve System, Monetary Authority of Singapore, Saudi Arabian Monetary Authority, Axis Bank, BankDhofar, Bank of America, Barclays, Cargills Bank, Commonwealth Bank of Australia, to IndusInd Bank, Kuwait Finance House, Royal Bank of Canada, Royal Bank of Scotland, Santander Bank, and Standard Chartered Bank among many others, Ripple is slowly spreading out all over the world.

According to a recent finding by Leonidas, Union Bank of Switzerland (UBS) is working with Ripple. Though Ripple and UBS first came together in 2016, the document shared was updated especially the Ripple-related part at the end of last year only that states: