- Ripple consolidating with caps at 40 cents
- After Kava and Switch, Stefan Thomas’ AMA may drive XRP prices
Coil is a blogging platform monetize content, rewarding creators with XRP or USD. It is a creation of Stefan Thomas, a former employee of Ripple. In an AMA session, the community is waiting for gems that will probably spur participation, driving XRP above 40 cents.
Ripple Price Analysis
Fundamentals
Stefan Thomas, the former Ripple Chief Technical Officer (CTO) and creator of the InterLedger Protocol, will an ask-me-anything (AMA) session on May 30th. Hosted in Reddit, it will be interesting to hear what the founder of Coil has to say about their plans. The AMA will be a few days after Kava labs the launch of Switch.
“Switch sidesteps the problems of traditional DEXs by employing a novel solution: streaming micropayments, which work by moving little bits of value piece-by-piece until a complete payment or trade is complete.”
While at it, David Walsh, a Senior Web Developer and Software Engineer at Mozilla, is testing Coil. The revelation is five years after he created an account. It is understandable. David is an educator and regularly blogs.
Candlestick Arrangements
At the time of writing, XRP is changing hands at 38 cents. It is constant against the USD and held within a broader 10 cents trading range. Although traders expect higher highs in line with recent candlestick alignment and trend set by Sep 2018 bull bar, XRP is under pressure.
Technical Indicators
Although May 14th and 15th bars are conspicuous, May 19th bull bar is where XRP/USD price action is consolidating in. It has average volumes of 56 million. Nonetheless, it is wide-ranging and bullish.courtesy of Trading View. Image Courtesy of Shutterstock
