{"id":474790,"date":"2021-10-27T22:00:07","date_gmt":"2021-10-27T22:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=474790"},"modified":"2021-10-27T21:47:00","modified_gmt":"2021-10-27T21:47:00","slug":"xrp-ripple-builds-momentum-odl-partner","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-ripple-builds-momentum-odl-partner\/","title":{"rendered":"XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership"},"content":{"rendered":"<p>XRP has been soaring in the monthly chart with a 7.2% profit as Ripple continues to expand its corridors worldwide. As of press time, the seventh crypto by market cap trades at $1,01 and records a 10.3% correction in the daily chart.<\/p>\n<figure id=\"attachment_474795\" aria-describedby=\"caption-attachment-474795\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-474795 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Ripple-XRP-XRPUSDT-1.png?resize=860%2C495\" alt=\"Ripple XRP XRPUSDT\" width=\"860\" height=\"495\"><figcaption id=\"caption-attachment-474795\" class=\"wp-caption-text\">XRP correcting in the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/hstM8J8q\/?symbol=BINANCE%3AXRPUSDT\" target=\"_blank\" rel=\"nofollow\">XRPUSDT Tradingview<\/a><\/figcaption><\/figure>\n<p>XRP seems to be reacting to the general trend in the market as Bitcoin, Ethereum, and other cryptocurrencies in the top 10 by market cap trend to the downside. As NewsBTC has reported, the derivatives sector has been heating up due to the recent rise in the aforementioned coins.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/ripple\/sec-takes-blow-ripple-impact-xrp-price\/\" target=\"_blank\">SEC Takes Blow In Action Against Ripple, Will It Impact XRP Price?<\/a><br \/>\n<\/strong><\/p>\n<p>Historically, this has taken a toll on the bullish momentum built by the bulls. In the case of XRP, it\u2019s a positive sign that it has been able to sustain gains in higher timeframes.<\/p>\n<p>The sentiment around XRP has flipped bullish since Ripple has been able to sustain and push back against the U.S. SEC in their case for the alleged sales of a security.<\/p>\n<p>In addition, the payment corridors, one of the most important use cases for the XRPL Ledger and its native token, are recovering. These entities use Ripple\u2019s payment solution On-Demand Liquidity (ODL), based on XRP, and were negatively impacted after the SEC filed for their legal action.<\/p>\n<p>The Liquidity Index Bot, an ODL payment corridors monitor, <a href=\"https:\/\/twitter.com\/LiquidityB\/status\/31920133\/photo\/1\" target=\"_blank\" rel=\"nofollow\">records<\/a> an increase in the daily volume for these entities. As seen below, the XRP\/AUD payment corridors show some recovery after it went negative in May 2021.<\/p>\n<figure id=\"attachment_474794\" aria-describedby=\"caption-attachment-474794\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-474794 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Ripple-XRP-XRPUSDT.png?resize=860%2C529\" alt=\"Ripple XRP XRPUSDT\" width=\"860\" height=\"529\"><figcaption id=\"caption-attachment-474794\" class=\"wp-caption-text\">Source: Liquidity Index Bot via Twitter<\/figcaption><\/figure>\n<p>Other payment corridors record a similar or a more significant increase. Since they are based on ODL, the volume registered by these entities is indicative of the levels of adoption for XRP and suggests the token is experiencing a re-surge in demand.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/wncen.com\/all\/ripple-surges-15-following-news-that-it-wants-to-go-public\/\" target=\"_blank\">Ripple Surges 15% Following News That It Wants To Go Public<\/a><\/strong><\/p>\n<h2>XRP Debuts In MENA Region, Ripple Enable More Adoption<\/h2>\n<p>In the coming months, the demand for the token could continue to surge as the payment solution company recently announced a partnership with Pyypl. The partners will launch a new payment corridor in the Middle East and North Africa (MENA) region.<\/p>\n<p>Data shared by the payment company reveals that the MENA region saw $78 billion in remittances in 2020 alone. Thus, why the partnership could onboard millions to the XRPL Ledger and ODL as countries such as the United Arab Emirates (UAE) and Saudi Arabia \u201cshift to digital\u201d payment methods.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/ripple\/ripple-announces-corridor-in-japan\/\" target=\"_blank\">Ripple Announces New Payment Corridor in Japan As XRP Rallies 23.5%, More Profits Ahead?<\/a>\u00a0<\/strong><\/p>\n<p>The collaboration will start in the UAE to bring low-cost and instant remittances for people living in and outside the MENA region. Ripple <a href=\"https:\/\/ripple.com\/insights\/ripple-continues-to-build-momentum-in-mena-with-first-on-demand-liquidity-deployment-in-middle-east\/\" target=\"_blank\" rel=\"nofollow\">claimed<\/a> the following about the potential for the partnership:<\/p>\n<blockquote><p>This announcement builds on Ripple\u2019s already growing presence in the region (\u2026). All of this is driving a record year for Ripple in MENA, with RippleNet already logging four times the transaction volume year-to-date versus all of 2020.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>XRP has been soaring in the monthly chart with a 7.2% profit as Ripple continues to expand its corridors worldwide. As of press time, the seventh crypto by market cap trades at $1,01 and records a 10.3% correction in the daily chart. XRP seems to be reacting to the general trend in the market as Bitcoin, Ethereum, and other cryptocurrencies in the top 10 by market cap trend to the downside. As NewsBTC has reported, the derivatives sector has been heating up due to the recent rise in the aforementioned coins. Related Reading | SEC Takes Blow In Action Against Ripple, Will It Impact XRP Price? Historically, this has taken a toll on the bullish momentum built by the bulls. In the case of XRP, it\u2019s a positive sign that it has been able to sustain gains in higher timeframes. The sentiment around XRP has flipped bullish since Ripple has been able to sustain and push back against the U.S. SEC in their case for the alleged sales of a security. In addition, the payment corridors, one of the most important use cases for the XRPL Ledger and its native token, are recovering. These entities use Ripple\u2019s payment solution On-Demand Liquidity (ODL), based on XRP, and were negatively impacted after the SEC filed for their legal action. The Liquidity Index Bot, an ODL payment corridors monitor, records an increase in the daily volume for these entities. As seen below, the XRP\/AUD payment corridors show some recovery after it went negative in May 2021. Other payment corridors record a similar or a more significant increase. Since they are based on ODL, the volume registered by these entities is indicative of the levels of adoption for XRP and suggests the token is experiencing a re-surge in demand. Related Reading | Ripple Surges 15% Following News That It Wants To Go Public XRP Debuts In MENA Region, Ripple Enable More Adoption In the coming months, the demand for the token could continue to surge as the payment solution company recently announced a partnership with Pyypl. The partners will launch a new payment corridor in the Middle East and North Africa (MENA) region. Data shared by the payment company reveals that the MENA region saw $78 billion in remittances in 2020 alone. Thus, why the partnership could onboard millions to the XRPL Ledger and ODL as countries such as the United Arab Emirates (UAE) and Saudi Arabia \u201cshift to digital\u201d payment methods. Related Reading |\u00a0Ripple Announces New Payment Corridor in Japan As XRP Rallies 23.5%, More Profits Ahead?\u00a0 The collaboration will start in the UAE to bring low-cost and instant remittances for people living in and outside the MENA region. Ripple claimed the following about the potential for the partnership: This announcement builds on Ripple\u2019s already growing presence in the region (\u2026). All of this is driving a record year for Ripple in MENA, with RippleNet already logging four times the transaction volume year-to-date versus all of 2020.<\/p>\n","protected":false},"author":535,"featured_media":463043,"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":[3680,4531,78763],"class_list":["post-474790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership<\/title>\n<meta name=\"description\" content=\"XRP has been soaring in the monthly chart with a 7.2% profit as Ripple continues to expand its corridors worldwide. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership","description":"XRP has been soaring in the monthly chart with a 7.2% profit as Ripple continues to expand its corridors worldwide. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership","url":"http:\/\/wncen.com\/news\/ripple\/xrp-ripple-builds-momentum-odl-partner\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-ripple-builds-momentum-odl-partner\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP-XRPUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP-XRPUSDT.jpg?fit=911%2C686"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrpusdt"],"dateCreated":"2021-10-27T22:00:07Z","datePublished":"2021-10-27T22:00:07Z","dateModified":"2021-10-27T22:00:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-ripple-builds-momentum-odl-partner\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-ripple-builds-momentum-odl-partner\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Ripple-XRP-XRPUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Ripple-XRP-XRPUSDT.jpg?fit=911%2C686\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrpusdt\"],\"dateCreated\":\"2021-10-27T22:00:07Z\",\"datePublished\":\"2021-10-27T22:00:07Z\",\"dateModified\":\"2021-10-27T22:00:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP-XRPUSDT.jpg?fit=911%2C686","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/474790"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=474790"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/474790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/463043"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=474790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=474790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=474790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}