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Ripple XRP price data analysis: XRP down over 20 percent

ripple price data analysis 16 june

Although, things don’t seem good for RippleXRP price data analysis shows that the volatile market has sapped Ripple’s XRP by twenty percent (20.8%) from its last week’s closing price.

The Spanish banking group, Banco Santander has it’s One Pay Fxapp running things smoothly from the United Kingdom to Poland. xRapid being adopted by many of Ripple’s users is quite a handy tool and has the users’ eyes fixed on it.

The RippleNet is the house to over 200 banks using the xRapid, the xVia and the xCurrent but what Ripple aims to do is to bring all the banking institutions under the xRapid umbrella which unlike the predecessor tech isn’t inefficient and slow.

This seems like, an awful lot needs to be done, but what must be done, should be done so that xRapid can be utilized for maximum efficiency in business.

With the use of Ripple’s One pay FXapp, that runs on the xCurrent rails. The XRP will benefit and so will the investors that remain loyal to the XRP coin. As its frequent use will increase its demand.

XRP’s fate relies on how the sellers treat it now. The XRP price coincides with the seventy-eight (78.6%) Fibonacci retracement level of 28th September 2018.

Ripple XRP price data analysis: XRP down over 20 percent 1Ripple XRP price chart by Trading View

Either the market goes bearish or the bulls haul up XRP above the thirty cents ($0.30) mark and offer a support line or rather; support lines for it.

If the bulls haul the price then XRP will reach the thirty-four cents mark and might even exceed to the forty ($0.40) cent mark.

On the contrary, going downhill the two possible stops the XRP will be making are going to be the twenty-five` cents ($0.25) mark and if things keep going downhill the seventeen cents ($0.17) mark

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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