Ripple prices under pressure at 34 cents
Instimatch Global partner with R3 Corda Settler
Transaction volumes high but could dip in coming days
There is consolidation happening in the remittance space, and it is good news that Instimatch Global is partnering with R3 Corda Settler.pic.twitter.com/T34wLefhUw
— XRP Research Center (@XrpCenter) February 18, 2019
There is movement around Corda Settler and not it was only weeks ago when Yoshitaka Kitao, the head of the Japanese banking consortium said XRP and Corda Settler have a âhigh affinity.â
âYou can use R3âs âCordaâ for international remittance, but Corda Settler and XRP use this because they have high affinity.If by any chance sellers drive prices below 30 cents then we might see liquidation towards 25 cents or Sep 2018 lows.
With the slide, a double bar bear reversal pattern is likely to print at our buy trigger level meaning that none of our trading conditions are live.[Digest News BTCcom]
The post Ripple (XRP) Falter, Liquidation at 34 Cents appeared first on NewsBTC.
30 cents as we have mentioned is a strong but minor support line that marks the lows of Dec 2018.It is also the base of the triple bottoms of Dec 2018 through to Feb 2019.
Please Note that the CorDapp developed by @instimatch is still in "Pilot" mode, and this doesn't mean, at all, that the platform is already being used or is already using XRP for settlements.After encouraging upswings of this week, it is likely that prices will dip.The bank, speculators say, may be behind the move to partner SWIFTâthe dominant player in the global payment scene, with Ripple Inc, the company behind solutions as xRapid and xCurrent.[Fork Hard On November BCH Update]
In a statement, the company says they are replacing their âcentralized database version which has seen a volume of over 1 Billion USD.â Already, the digital network has on-boarded 50 banks, and with the new dApp, participants would easily and securely have an intuitive interface to participate in inter-bank trading.Technical Indicators
As long as price action is between the high volume bars of Feb 18 and 19âthe inverted bar, then buyers are in charge.Accompanying this shrink will be low volumes well below the 52 million averages of Feb 18-19.[Contracts AirSmart Castles Building Legal In The].Thatâs why the SWIFT partnership with R3 (Corda) is good news that brings bright materials to the marketâ¦ What I emphasize is to combine R3 and Ripple to make XRP thoroughly practical useable.â
SBI Holdings and Kitao are supporters of Ripple and XRP.Yoshitakaâs SBI Holdings is behind Ripple Inc and R3 and therefore, successful use will see XRP demand increase as prices finally break above 40 cents.Ripple Price Analysis Fundamentals
Instimatch Global, a firm that says âenables a diverse community of institutional borrowers and lenders to make valuable financial trading connections, securely and intelligently harnessing trades and data to put liquidity to workâ has unveiled a new dApp that integrates R3 Corda Settler that uses XRP.[News Summary 8211 10 December 2018 Bitcoin]Candlestick Arrangement
Meanwhile, XRP bears are back, and at spot rates, the third most valuable coin is down 3.3 percent at the time of writing.