Every day we share just one recent video about XRP. Today we share “News: Ripple (XRP) Down 7.3 Percent To Nov-2017 Levels, Rally in the Making?” from CoinCheckup.com.
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Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
0:00:00 Ripple (XRP) Down 7.3 Percent To Nov-2017 Levels, Rally in the Making?
0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.
0:00:13 Prices and accompanying fundamentals are not in sync as Ripple accumulate within a 4 cents range with support at 30 cents.
0:00:20 All the same, we are bullish, and any trigger lifting prices above 34 cents or forcing liquidation below Jan 30 lows must be with high transaction volumes.
0:00:30 There is a clear divergence.
0:00:32 From a fundamental point of view, Ripple should be rallying and even back to $1.
0:00:37 However, that is not the case and to put it quite literally, XRP, the third most valuable coin with a market cap of $12,616 million, is struggling.
0:00:47 Worse, it may drop below a critical support level, and that will precipitate losses as the coin drop to valuation last seen in Q4 2017.
0:00:56 That’s some few days before the supper rally when XRP peaked at $3.3. Even if it may seem to be an uphill task, we cannot discount anything, especially now that fundamentals continue to flow as prices accumulate within a tight trade range.
0:01:11 While IBM, with a firm foothold in banking and collaborating with a competitor in Jed McCaleb’s Stellar and launching World Wire with six banks willing to issue their coins on the platform, Ripple is steps ahead.
0:01:22 First, they have a presence in SE Asia and the Middle East and are actively investing in projects, diversifying their portfolio and building infrastructure that makes us of XRP use cases.
0:01:33 With Forte, they plan to dominate the multi-billion gaming scene and with a vibrant community pushing for integration, it’s only a matter of time before prices respond—hopefully in the right direction.
0:01:44 Thanks for watching this video.
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.
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