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Ripple Price Analysis: XRP Stand to Benefit From ASEAN Adoption Drive

[Published: 2019-02-05T18:00:47Z] [Author: Dalmas Ngetich] [Powered by: NewsAPI.org]
Ripple price bullish, candlestick formation favor buyersTargets at developing countries and China mean Ripple is better placed to clip SWIFT’s dominanceTransaction volumes low. Volumes above 49 million will confirm underlying XRP demand

Sellers may be pressing hard, but XRP bulls are technically in control. Before we recommend longs, XRP prices must first race above 34 cents confirming bulls of Jan 30 and those of late Dec 2018. With supportive fundamentals, this trade plan is valid and likely to print out.

Ripple Price Analysis

Fundamentals

That Brad Garlinghouse and Ripple honchos are ambitious is an understatement. Ripple executives are on a mission and to achieve their objective, they ought to have their presence felt in zones that remain largely un-banked. That is, areas where citizens yearn for financial services but they can’t just access them. Limitations either set by the banks or internal because they aren’t empowered.

The Melinda Gates Foundation core objective is to empower these people and by leveraging Ripple solutions—xRapid, xCurrent or the Ripple Net, the underprivileged will access better services. Besides Mojaloop, Ripple is working hard by creating efficient, payment corridors especially in developing countries like SE Asia, Africa, and the Middle East saving SME and business people from the inconveniences of high costs and latency.

Great to see this kind of progress a year after the launch of Mojaloop. For background: https://t.co/w3ssrjs29h https://t.co/KJZu2wgucr

— Ripple (@Ripple) November 27, 2018

It’s also going to be better now that Ripple is searching for local contacts in China. The introduction of cheap cross-border alternatives in a sprawling, industr ...