Watch Out Ripple, SWIFT Says Its Fastest Remittance is Down to 13 Secs

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18. Per the release, the trial performed instant payments between 17 banks located in Australia, China, Canada, Luxembourg, The Netherlands, Singapore, and Thailand, taking up to 25 seconds, with the fastest taking 13 seconds.  The tests involved communication between SWIFT’s Global Payments Innovation (GPI) instant payment platform and Singapore’s domestic instant payments solution, FAST. SWIFT also explains that its GPI instant system uses existing payments…

Ripple Price (XRP) Showing Positive Signs, Could Break $0.34

Ripple price remained well supported on the downside near the $0.3200 level against the US dollar. The price traded higher and broke the $0.3250 and $0.3320 resistance levels. There is a key bullish trend line forming with support at $0.3265 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to continue higher, with chances of an upside break above $0.3350 and $0.3400. Ripple price is trading with a bullish bias against the US Dollar, similar to bitcoin. XRP price is likely to climb…

Bank of America Files Patent for Settlement System Citing Ripple

Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents. The patent in question — the application of which was published on June 6 — describes a system using distributed ledger technology (DLT) as an interbank communication tool. The proposed system would enable real-time settlement with transactions being communicated through a shared, decentralized ledger to which both the banks would have access. The decentralized network would both verify the identity of the payer and the payee and…

Ripple (XRP) Poised For More Gains, Prices Rebound From Q1 Support

Ripple (XRP) is up 2.6 percent Footprints in the Middle East and Southeast Asia highlight Ripple’s advantages SWIFT is dominant, but Ripple’s progress is noticeable. Even though most of their partners use xCurrent, clarity in the future will ease their transition to xRapid. That will drive demand for XRP and therefore prices above the current 20 cents consolidation. Ripple Price Analysis Fundamentals Blockchain companies cannot flourish in isolation. It is even more challenging when the startup is ambitious. As per their statement, Ripple is one such company. Cementing its position…

Ripple Price (XRP) Could Climb Higher, Bitcoin Breaks $10,500

Ripple price recovered steadily after trading below the $0.2900 support level against the US dollar. The price climbed higher and broke the key $0.3000 and $0.3200 resistance levels. It seems like an ascending channel is forming with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to break the $0.3280 resistance and trade above the $0.3320 level in the near term. Ripple price is showing a lot of positive signs above $0.3200 against the US Dollar since bitcoin rallied 10%.…

Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now trading with a few positive signs above the $0.3050 support area. Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is…

Ripple Price (XRP) Holding Ground While Bitcoin Dived 15%

Ripple price failed to climb above the $0.3230 resistance and resumed decline against the US dollar. The price broke the $0.3000 support level and traded to a new monthly low at $0.2835. This week’s followed bearish trend line is active with resistance at $0.3075 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could decline below $0.2800 if it continues to struggle near $0.3075 and $0.3100. Ripple price is holding an important support against the US Dollar, while bitcoin and Ethereum dived nearly 15%. XRP…

Ripple Performs Better than Broader Crypto Markets on Technical Support

One of the most interesting cryptocurrencies to have emerged over the past few years has been Ripple (XRP), and it has managed to hold onto its position as the third biggest cryptocurrency by market capitalization. However, it has not had the best year so far, despite threatening to break out more than once. In a new development that will be welcomed by those who hold XRP, the cryptocurrency has managed to outperform the market amidst all the chaos. XRP Finds Support While most of the market has been in a…

XRP Slides 23.4%, Mnuchin Presser A Ray of Hope For Ripple

Ripple (XRP) is down 23.4 percent Like Libra, proper regulation will see XRP soar Steven Mnuchin presser highlights the significance of oversight. Appropriate controls would either destroy or boost Ripple’s ambitions of building a sustainable web, the Internet of Value, where XRP plays a significant role. Currently, sellers are at the lead as prices tumble 23.4 percent from last week’s close. Ripple Price Analysis Fundamentals To flourish and positively impact livelihoods, Ripple’s expansion largely depends on how regulators perceive their products. Of the three core solutions, xCurrent is the most…

Ripple Price (XRP) Trading Near Make-or-Break Levels

Ripple price found support near $0.2960 and recently recovered higher against the US dollar. The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area. The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken). The price must gain strength above $0.3200 and $0.3230 to continue higher in the near term. Ripple price is slowly recovering against the US Dollar, while bitcoin gained nearly 8%. XRP…