QUICK SPIKE UP in Ripple XRP as Dollar Weakens | Price SURGE ALERT!

did you know unlike bitcoin we cannot mine xrp tokens as they go the sustainable way ripple concentrates on building technology to help transform global payments is ripple best for global payments is xrp real today we will be talking about the recent news and its price predictions stay tuned till the end of the video as we have an interesting fact about xrp that you might not have been aware of but first we are giving away 25 at the end of the month to one random subscriber to start on their xrp journey all you need to do is to like the video subscribe and comment your thoughts on xrp in the comments section welcome xrp army let's grow the xrp lab community by pressing the like button and subscribe ripple works on the fast reliable instant and economical cross-border real-time payments and other money transmission activities through xrp xrp is a custom designed digital asset to facilitate cross-border payments it is a kind of cryptocurrency third largest in terms of market capitalization just behind bitcoin and ethereum and has its blockchain called xrp ledger the ripple net banner lays down this initiative ripple controls a large number of xrp tokens around 60 of xrp in existence several services like the ability to pay in more than 40 currencies on demand liquidity as an option for pre-financing and operating coherence in the context of a rule book are curatively made possible for each of the transactions to be legally clear a ripple net committee of leading transaction banking companies such as merrill lynch standard chartered and rbc is active in providing consultancy services small companies are looking to create a global presence and enter new markets and enhance their customer experience for services like those provided by ripple ripple along with its 50 million dollars commitment to prominent universities around the world has worked constantly to support and accelerate academic research technology and innovation in blockchain cryptocurrency and digital payments ripple net's annual growth in transactions also increased 10 times digital assets and blockchain technology will become more common in mobile wallets and apps such as gojek grab and paypal as they seek to expand their services to customer demand and compete with digital banks and will bring a tremendous increase in financial transactions over the coming year via ripple net for cross-border payment services ripple offers x current and x rapid two important services x current is the oldest product available and also the most popular product x current is a large real-time payment system that provides participants with the ability to communicate clear bills or duties and settle transactions the payment speed or the resolution of transactions disrupts existing market systems like swift which resolve on average payments in just a couple of days the tweet by lord vxrp shows that many countries for now have started using x current ashley steers has recently tweeted that over 300 financial institutions worldwide rely on ripple's growing global payments network already in 70 countries it is estimated that iso 2022 membership will support 87 percent of global financial transactions there is another tweet by lord vxrp emphasizing xrp to be real a comprehensive picture of the state of its network has been published by ripple a cross-border payment company according to the company its banks and financial institutions network now covers 70 countries a new country is on average added each week to the list in october 2018 ripple launched its xrp remission product for business use ripple partnered with moneygram the giant payments company last year in 2020 and bought a stake of 50 million dollars moneygram quickly became xrp's biggest and most advanced user the payments giant now says that it has sent odl a total of 100 million dollars moneygram uses this technology to move 10 percent of the daily transaction volume from the us to mexico ceo alex holmes said that ripple's liquidity solution is also employed in four additional corridors although at the time of its publication the company did not disclose additional information this is why xrp is truly the one x anderson says in one of his tweets that this excites him as the ripple net continues to scale in europe the european on-demand liquidity operations have grown by 250 percent compared with the year 2020 representing more than 40 percent of the odl transactions to date according to ripple's press release with years of partnership with financial institutions around the world the company seems to have kept up its xrp adoption trajectory now europe is on the crypto adoption border driven by the strict general data protection regulation ripple net continues to link payment corridors worldwide to partners like paydec xbot lemon way and money negent following the various compliance requirements established by the european government now let's have a look at some interesting news by cindy young young said in one of the tweets my first tweet in years as a good one ripple announced that cindy young is appointed as the managing director of their european operations in this continuing effort strengthening ripple's vision for governing the transnational payment landscape strengthens and supervises strategic approaches and supports the development of ripple's global financial network technology ripplenet as cindy brings with more than 15 years of experience in fintech in general adoption growth rather than market pricing the ripple and xrp community is long betting on the last william carr tweets where he says that part of the settlement could have retail investors turning in their xrp similar to the gold reserve act in 1934.

Do you think it's possible we can see that attorney jeremy replied saying that yes it is possible from a legal standpoint he doesn't think it's probable but it's possible how much will xrp be by the end of the year the price jumped in february from 20 cents to over 50 cents trading over 40 cents to a huge increase of almost one dollar in april respectively later the price finally reached one dollar in annual peaks at one dollar and ninety cents the xrp price fell from one dollar and fifty nine cents to one dollar and six cents as the market crashed on may 19th the prices subsequently fell from one dollar despite the legal fight against the sec the price of xrp increased in 2021 however xrp hotelers had some good news because rumors of the xrp case were weak xrp made major gains and remains bullish in line with investor sentiments according to the xrp price pattern analysts expect to have the altcoin price pushed through cooperation with financial institutions analyzing the weekly chart of xrp you can see the 0.583 dollar support level for the cup and handle pattern xrp is set to an ascending channel by reducing the downside pressure the price will be one dollar if the pattern comes and the resistance is 65 cents the price is expected to be positive xrp prices were slow as they entered a high probability reversal area and completed a consolidation phase if the bullish swings keep going ripple will probably enter the area and build a local top the reversal could push the transfer token to the midpoint of the trade margin if investors continue booking profit in this area the disintegration of this barrier confirms the beginning of a new downward trend from july 2nd to the present location of the xrp price 0.685 rallied 8 percent this boom drove the fifty percent retraction level of fibonacci to zero point six four seven dollars the bullish momentum is likely to remain at the present levels pushing ripple on to a level of zero point seven zero four dollars and zero point seven two seven for fibonacci retractation of 70.5 percent or 79 on the 29th of june the xrp price established a local 0.734 top so that investors could expect to establish a similar local top when the price of xrp slices at the fibonacci level by 79 percent and bounces at 0.721 dollars it will indicate a possible continuation of the upward trend in such a case the bulls could start an 8 percent rally to retest the high range of 0.785 dollars xrp can easily attract many investors by the end of 2021 being the fastest and cheapest cryptocurrency the price could thus reach 1.443 dollars on the bullish market the pre-mined xrp supply on the contrary can reduce the price when the bearish trend outperforms the bull the price could drop over the short term decrease estimated to be nearly five six one dollars and recover over a short period however if the market dominance continues at two point one four percent trade at one point zero zero five dollars can be observed at the end of the year xrp like bitcoin is not issued by anyone and ethereum among other things does not represent a specific value other than its own value changes when these changes are made the value doesn't move when the stable coin is changed only the value promise so ripple the world's best payment system depends on how the financial institutions unveil new technologies within the blockchain space and on the role of central banks throughout the scenario but concerning blockchain technology ripple is an attractive financial player with its development and current adoption finally it is now time to take a look at the fact of the day did you know that only 45.5 of xrp tokens are in circulation kindly note that the prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered financial advice do conduct your due diligence and consult your financial advisor before making any investment decisions do you invest in xrp do let us know in the comments section if you want to continue to know about xrp we have got two videos waiting for you on the end screen to check out make sure to subscribe and give us a thumbs up thank you so much for watching see you in the next video my friend

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