{"id":372924,"date":"2019-02-27T17:00:22","date_gmt":"2019-02-27T17:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=372924"},"modified":"2024-06-11T18:20:53","modified_gmt":"2024-06-11T18:20:53","slug":"ripple-xrp-prices-hinged-on-regulation-bahrain-take-the-lead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-prices-hinged-on-regulation-bahrain-take-the-lead\/","title":{"rendered":"Ripple (XRP) Prices Hinged on Regulation, Bahrain Take the Lead"},"content":{"rendered":"
XRP may be available for trading at CoinBase Pro, but questions on regulation continue to pop up. Bahrain is diffusing this uncertainty by regulating assets.<\/em><\/p>\n In part, Ripple (XRP) adoption is mainly dependent on regulation. Reasons? Well, it is because Ripple as a platform is a conduit for value transfer. Since they are cheap and efficient manner, Ripple solutions can open up the world in ways like never before.<\/p>\n Efficiency and cost saving will be amplified if adopting financial institution incorporate XRP via xRapid that a Dan Morgan, the Head of Regulatory Relations at Ripple Inc said the product is yet to go live despite being commercially available after launching during the super-hyped Ripple sponsored SWELL Conference where Bill Clinton gave a keynote calling for supportive regulation.<\/p>\n Because regulatory clarity is a top priority, news that Bahrain is taking the lead<\/a> and regulating digital asset ought to be good news for XRP. We must remember that Ripple Inc has a foothold in the Middle East and as Sharia-compliant; it has the support of the Saudi Arabia Monetary Authority<\/a> (SAMA).<\/p>\n <\/p>\n What we have in the daily chart is consolidation as buyers reverse losses of Feb 24. In a defined bull trend, buyers are still struggling to break out and trade above the first level of resistance at 34 cents. Just like 30 cents main support, 34 cents\u2014the 61.8 percent Fibonacci retracement level– is our main buy trigger line.<\/p>\nRipple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangements<\/h3>\n