{"id":379777,"date":"2019-04-25T17:00:08","date_gmt":"2019-04-25T17:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=379777"},"modified":"2024-06-11T18:27:15","modified_gmt":"2024-06-11T18:27:15","slug":"ripple-xrp-finally-bouncing-off-q1-2019-lows-will-bulls-prevail","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-finally-bouncing-off-q1-2019-lows-will-bulls-prevail\/","title":{"rendered":"Ripple (XRP) Finally Bouncing Off Q1 2019 Lows, Will Bulls Prevail?"},"content":{"rendered":"<ul>\n<li><em>Ripple (XRP) recover after Apr-24 hammering<\/em><\/li>\n<li><em>Bitstamp reminds users of Ripple\u2019s decentralization strategy<\/em><\/li>\n<\/ul>\n<p><em>Critics claim Ripple (XRP) is nothing more than an \u201cairdrop\u201d whose absence wouldn\u2019t affect operations. However, XRP proves to be useful for speed, and after Cobalt, firms using xRapid will enjoy settlement times of one second. Price wise and XRP bulls are back, shoring the asset after Apr-24 drawdown.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Much has been said about Ripple Inc, XRP and Ripple Labs, the separate and independent firm behind XRP. Of the many, decentralization stands out. Even so, critics acknowledge that Ripple Inc is fronting shaping solutions which should banks and other financial institutions adopt, then the price of the underlying asset, XRP would surely expand. That\u2019s contrary to the inner workings of XRP, a liquidity facilitator whose prices are meant to be stable as they are means of exchange for RippleNet using companies.<\/p>\n<p>Therefore, in a bid to demonstrate that Ripple and XRP are two distinct companies, Ripple Inc and Ripple Labs are proof. With it, XRP as an independent coin is live. Executives insist that should the San Francisco start-up fall, then XRP would continue to operate on the XRP Ledger without interference.<\/p>\n<p>Apart from this stance, they also embarked on a decentralization strategy. It is this move that Bitstamp, a leading European exchange, took to <a href=\"https:\/\/twitter.com\/Bitstamp\/status\/11920640\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Twitter<\/a>, highlighting its importance:<\/p>\n<blockquote><p><em>\u201cDID YOU KNOW: In 2017, 55 billion XRP owned by Ripple was placed in an escrow, to control its issuance rate. One billion is released each month, with any unspent XRP placed in another escrow. This controls the inflation rate of XRP.\u201d<\/em><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">DID YOU KNOW: In 2017, 55 billion XRP owned by Ripple was placed in an escrow, to control its issuance rate. One billion is released each month, with any unspent XRP placed in another escrow. This controls the inflation rate of XRP. <a href=\"https:\/\/twitter.com\/hashtag\/WednesdayWisdom?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#WednesdayWisdom<\/a> \ud83d\udca1 <a href=\"https:\/\/t.co\/mDXiRBh9A9\" rel=\"nofollow\">pic.twitter.com\/mDXiRBh9A9<\/a><\/p>\n<p>&mdash; Bitstamp (@Bitstamp) <a href=\"https:\/\/twitter.com\/Bitstamp\/status\/11920640?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 24, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-379781\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?resize=1280%2C1024\" alt=\"Ripple XRP\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ripple-Daily-Chart-Apr-25.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>After a week of losses, <a href=\"https:\/\/wncen.com\/2019\/04\/24\/ripple-xrp-down-7-3-percent-to-nov-2017-levels-rally-in-the-making\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ripple (XRP)<\/a> is now stable. It is up 0.8 percent but still down 9.2 percent in the last week. Despite this, we shall maintain a bullish outlook on the third most valuable asset thanks to favorable candlestick arrangement.<\/p>\n<p>Anchoring our perspective is Sep 2018 bull bar. Take note that even if prices are oscillating and \u201call over the place,\u201d they are still moving within the bar\u2019s high low. As a result, from an effort versus result point of view, buyers are technically in control more so if prices stabilize above 30 cents.<\/p>\n<p>The level is Q1 2019 lows and a vital line which if sellers manage to drive prices below invalidates our trade plan. On the flip side, should prices find support and rally, then odds are Ripple (XRP) could break above 34 cents igniting short-term buyers aiming at 40 cents if not 60 cents.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>The apr-24 bar is our reference bar for two reasons. Firstly, it has high transaction volumes\u201448 million against 20 million average. Secondly, it is wide-ranging. Therefore, for bull trend continuation, buyers must satisfactorily reverse yesterday\u2019s losses with equally high volumes\u2014above 48 million. That will form the base for the next leg up towards 34 cents printing a double bar bull reversal pattern.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) recover after Apr-24 hammering Bitstamp reminds users of Ripple\u2019s decentralization strategy Critics claim Ripple (XRP) is nothing more than an \u201cairdrop\u201d whose absence wouldn\u2019t affect operations. However, XRP proves to be useful for speed, and after Cobalt, firms using xRapid will enjoy settlement times of one second. Price wise and XRP bulls are back, shoring the asset after Apr-24 drawdown. Ripple Price Analysis Fundamentals Much has been said about Ripple Inc, XRP and Ripple Labs, the separate and independent firm behind XRP. Of the many, decentralization stands out. Even so, critics acknowledge that Ripple Inc is fronting shaping solutions which should banks and other financial institutions adopt, then the price of the underlying asset, XRP would surely expand. That\u2019s contrary to the inner workings of XRP, a liquidity facilitator whose prices are meant to be stable as they are means of exchange for RippleNet using companies. Therefore, in a bid to demonstrate that Ripple and XRP are two distinct companies, Ripple Inc and Ripple Labs are proof. With it, XRP as an independent coin is live. Executives insist that should the San Francisco start-up fall, then XRP would continue to operate on the XRP Ledger without interference. Apart from this stance, they also embarked on a decentralization strategy. It is this move that Bitstamp, a leading European exchange, took to Twitter, highlighting its importance: \u201cDID YOU KNOW: In 2017, 55 billion XRP owned by Ripple was placed in an escrow, to control its issuance rate. One billion is released each month, with any unspent XRP placed in another escrow. This controls the inflation rate of XRP.\u201d DID YOU KNOW: In 2017, 55 billion XRP owned by Ripple was placed in an escrow, to control its issuance rate. One billion is released each month, with any unspent XRP placed in another escrow. This controls the inflation rate of XRP. #WednesdayWisdom \ud83d\udca1 pic.twitter.com\/mDXiRBh9A9 &mdash; Bitstamp (@Bitstamp) April 24, 2019 Candlestick Arrangements After a week of losses, Ripple (XRP) is now stable. It is up 0.8 percent but still down 9.2 percent in the last week. Despite this, we shall maintain a bullish outlook on the third most valuable asset thanks to favorable candlestick arrangement. Anchoring our perspective is Sep 2018 bull bar. Take note that even if prices are oscillating and \u201call over the place,\u201d they are still moving within the bar\u2019s high low. As a result, from an effort versus result point of view, buyers are technically in control more so if prices stabilize above 30 cents. The level is Q1 2019 lows and a vital line which if sellers manage to drive prices below invalidates our trade plan. On the flip side, should prices find support and rally, then odds are Ripple (XRP) could break above 34 cents igniting short-term buyers aiming at 40 cents if not 60 cents. Technical Indicators The apr-24 bar is our reference bar for two reasons. Firstly, it has high transaction volumes\u201448 million against 20 million average. Secondly, it is wide-ranging. Therefore, for bull trend continuation, buyers must satisfactorily reverse yesterday\u2019s losses with equally high volumes\u2014above 48 million. That will form the base for the next leg up towards 34 cents printing a double bar bull reversal pattern. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":379385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-379777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Finally Bouncing Off Q1 2019 Lows, Will Bulls Prevail?<\/title>\n<meta name=\"description\" content=\"In the top-5, Ripple (XRP) is lagging but after yesterday&#039;s slide and today&#039;s response, traders are waiting for a recovery towards 40 cents.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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