XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\nFeatured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP’s upward trend, which started on March 21st, continues to gain momentum, as the cryptocurrency has surged by over 49% since the end of the “crypto winter.” Breaking through a major resistance level below $0.5, XRP is showing strong gains and bullish momentum in the market.\u00a0 \u00a0XRP is currently trading at $0.5510, positioning it among the leading cryptocurrencies behind Bitcoin, Ethereum, Tether, BNB, and USDC. With all this said, what\u2019s ahead for XRP bulls soon? Related Reading: Ethereum Shanghai Update Gives Native Tokens A Boost In Price What Are The Reasons Behind XRP\u2019s Uptrend? Ripple\u2019s innovations and developments have been a clear indicator of the XRP\u2019s current uptrend. The company that offers blockchain-based payment systems and digital currency (XRP) is one of the leaders in the shift towards the ISO 20022 standard.\u00a0 Ripple\u2019s ISO 20022 standard is a set of messaging protocols and data formats that enable its payment system to communicate with other payment protocols and networks that also use the ISO 20022 standard.\u00a0 This alignment allows for more efficient and transparent cross-border transactions, as detailed transaction data can be more easily shared and reconciled between different payment systems.\u00a0 By aligning with the ISO 20022 standard, Ripple aims to improve speed and efficiency. and transparency of cross-border payments, reduce transaction costs and provide a more seamless and integrated payment experience for its customers.\u00a0 Ripple has been aligned with this standard since the beginning and is expected to benefit from the increased adoption and integration of the new standard.\u00a0 Overall, Ripple\u2019s adoption of the ISO 20022 standard is a positive development for the payments industry, as it promotes standardization and interoperability between different payment protocols.\u00a0 The recent adoption of the ISO 20022 standard, Ripple’s potential legal victory against the SEC, and the advancements in the XRP ledger (XRPL) have significantly contributed to the current upward trend of the altcoin. As a result, XRP holders feel more bullish and confident about their investments, hoping this uptrend will be sustainable in time.\u00a0 Critical Monthly Close For XRP Ahead As per a recent update by trader and analyst Egrag Crypto, the Monthly Close of XRP holds significant importance as it could determine the cryptocurrency’s future path. As seen in the chart above, if XRP closes above the Fibonacci (Fib) 0.5 level, represented by the $0.59 mark, it could reach the Fib 0.702 and Fib 0.786 levels. If XRP manages to close above the Fib 0.786 level, called by Egrag Crypto the \u201ctroposphere,\u201d it could easily reach the Fib 1.618 level, which is the next target for the altcoin in the near term.\u00a0 XRP has achieved a significant milestone by surpassing levels not seen since May 2022. The altcoin is now facing another hurdle at the $0.598 mark, which it must breach to continue its upward trajectory.\u00a0 XRP has demonstrated impressive gains in the past seven, fourteen, and thirty-day periods, with profits of 17%, 47%, and 46%, respectively, outpacing other cryptocurrencies in the market. Related Reading: MATIC Could Target $1.40 If Bullish Momentum Continues Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":524909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,1558,14238,3690,4531],"class_list":["post-524906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-cryptocurrency","tag-ripple-xrpusd-technical-aanalysis","tag-ripple-xrp","tag-xrp"],"acf":[],"yoast_head":"\n
XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n