Home / Crypto Currency / XRP Price: Push to $0.55 Intensifies as Sbi’s Major Plans Become Apparent

XRP Price: Push to $0.55 Intensifies as Sbi’s Major Plans Become Apparent

Whenever things get rough in the cryptocurrency world, XRP tends to thrive. This is a very interesting turn of events, especially because this digital asset has gained a lot of value just last week. This week is shaping up to yield similar results, as a new 15% uptrend has materialized over the past few hours.

XRP Price Uptrend Grows More Firm

The past week has been very interesting for the XRP market. After a week of solid gains, it seems this week will yield very similar results moving forward. Another strong uptrend has formed over the past 24 hours, pushing the XRP price up by another 15% in the process. This latest push also negates most of the losses sustained over the past weekend and yesterday morning.

As is always the case, the current XRP price rise comes in the form of a strong gain over Bitcoin. Even though Bitcoin is also recovering some recent losses, XRP has gained nearly 5% on the world’s leading cryptocurrency in the process. Although these steep gains will most likely be met with another small decline in the near future, the overall bull trend seems to be in full effect once more.

In the cryptocurrency world, XRP price trends are usually driven by the community first and foremost. Coinbase’s recent policy change pertaining to adding new tokens and coins has many people thinking the exchange will introduce XRP trading before the year is over. So far, Coinbase officials have neither confirmed nor denied that approach, although it is evident the lack of clarification regarding XRP being a security can be a roadblock.

In more tangible news, it would appear SBI is forging ahead with its plans to introduce XRP functionality. More specifically, SBI Holdings has registered with the Kantou Bureau of Japan’s Ministry of Finance. Their goal is to handle electronic payments, which will seemingly be conducted by using Ripple’s native technology. It is still unclear if this includes the effective use of XRP as well, but there is a good chance that asset will play a role in these proceedings moving forward.

Last but not least, everyone loves some good XRP price predictions using technical analysis. CryptoLauren sees the future of XRP as both interesting and challenging. Key resistance will appear near the $0.55 mark, which is still out of reach at the time of writing. Even so, it will be interesting to see if the cryptocurrency can surpass this level with ease, or whether it will lead to a big correction yet again.

With the upcoming commercialized launch of xRapid, no one can deny Ripple is scoring a lot of successes. However, Ripple and XRP are two completely different things, which is something a lot of enthusiasts tend to overlook in this day and age. The success of Ripple does not necessarily hinge on XRP, albeit it is in their best interest to ensure the asset gains mass adoption at some point.

We will leave you with this hilariously awesome tweet:

Disclaimer: The above is for entertainment and education purposes only. This article is not trading or investment advice. Always do your own independent research before purchasing any cryptocurrency.

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Nano Price Uptrend Remains Intact as Value Surpasses $2.1

Some interesting momentum is brewing for the Nano altcoin right now. Although it is still too early to speak of a proper market reversal, the current development shows there is some life left in the altcoin department. Despite a solid increase in the BTC and USD ratio, Nano’s price remains above $2 with relative ease. Nano Price Continues its Uptrend It is an interesting weekend for all cryptocurrencies, even though the gains across the board are pretty slim, all things considered. As long as Bitcoin doesn’t show any real bullish or bearish pressure in the near future, causing altcoins to note some small gains or losses in the process. For Nano, things are heading in the right direction right now, although the momentum still remains somewhat shaky first and foremost. Over the past 24 hours, the nano price has risen by roughly 4% in the USD department. That means the altcoin sustains its value of $2 with ease, and has even reached a new level of $2.1. That is a pretty promising trend for altcoin speculators, even though it is not necessarily sufficient to keep things moving in this direction for the foreseeable future. The 3% gain over Bitcoin, on the other hand, is a bit more promising. Unfortunately for Nano, all of the discussions across social media have something to do with price speculation right now. Considering how this is a sign there isn’t anything spectacular happening to Nano right now, one has to wonder how it impacts the overall market momentum. K Sizzle thinks Bitcoin’s price will push to $7,000 and drag altcoins with it. Shortly after, a retrace will kick in, which is rather common. Seems like a plausible route to 7k mark before a retrace #btc #vet #qsp #omg #xvg #nano #ada #XLM #tpay #eca pic.twitter.com/fRSDGtxEUu — K Sizzle (@KSizzle021) October 21, 2018 Some traders are convinced the Nano price will remain under pressure from people looking to push the value below $2 once again. Whether or not that will effectively happen in the near future, is a different matter altogether. For now, the momentum looks positive, but this trend will effectively lead to a small correction sooner or later. NANO stays under pressure, watch key resistance by trader CryptalDash published October 05, 2018 #bitcoin #nano #nanobtc #btc #cryptocurrency #nanocoin https://t.co/SPp354Nhvy pic.twitter.com/Ofo6XkJuwY — BitcoinAgile (@bitcoinagile) October 21, 2018 Last but not least, Torjus Gaaren is looking for further Nano price gains in the near future. Although the current momentum seems to warrant cautious optimism first and foremost, one has to keep in mind no financial market can continue to rise indefinitely. In the case of Nano, this trend remains in place, although its week trading volume can easily trigger a big sell-off in the future. #NANO very good trade with clear target if it breaks out upwards. Trade described in chart. pic.twitter.com/7hcK6woxMz — Torjus Gaaren (@TGaaren) October 20, 2018 With all of these trends in place, it will be interesting to see what the future will hold for Nano. It is still one of the most resilient altcoins on the market, and its push into Venezuela will undoubtedly continue to generate a fair bit of attention. Altcoins are in a good place right now, which might very well hint at a continual uptrend in the future. The post Nano Price Uptrend Remains Intact as Value Surpasses $2.1 appeared first on NullTX.

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