With the help of an XRP chart, Amsterdam-based cryptocurrency trader and analyst Michael van de Poppe has offered his forecast for the future course of this popular digital currency.
He speculates that XRP may continue to decline following the most recent pullback from the $0.93 top, and this presents a trading opportunity.
Here’s what one can do should XRP correct further, Poppe says
The expert informed everyone that the price of the Ripple-affiliated XRP coin has increased over the last several weeks due to a surge in demand. It occurred following XRP’s July high of $0.93, the day Ripple Labs won the first significant legal battle against the SEC.
At the time, Ripple’s XRP transactions on secondary marketplaces were determined not to qualify as securities sales by federal judge Analisa Torres.
The value of the fifth-largest cryptocurrency increased by 25.15% to $0.72529 on Monday, Nov. 6, following a two-week gain. The next day, there was an approximately 9% correction after this.
By this point, XRP has increased by 5% to $0.69566. Poppe stated that if the currency corrects back around $0.54, there will be “another time to be a buyer,” since there will be a chance to purchase the drop.
https://x.com/CryptoMichNL/status/1721981345382244728?s=20
XRP-based Ripple Payments expand to 70 markets
The news that Ripple Fintech has obtained money transmitter licences in many U.S. jurisdictions was recently shared via a blog post. Additionally, the firm is now allowed to provide its goods and services within Singapore thanks to permission from the country’s financial authority, MAS.
More fantastic news: customers in more than 70 countries may now use the Ripple Payments service, formerly known as On-Demand Liquidity/ODL and based on RippleNet. This will make it possible for new users to sign up for it and will enhance the functionality of the product overall.
Along with bringing more liquidity choices to its payments service, Ripple has expanded its network of partners and clients. A new customer of RocketFuel, a company that offers payment solutions to retailers, will use an upgraded version of the system. The business accepts fiat money in addition to cryptocurrency. The business will now use Ripple’s network to process payments.
Ripple, a San Francisco-based business, has also partnered with Onafriq. This fintech company will assist Ripple in opening up new liquidity corridors between the Gulf Cooperation Council, the UK, and Australia, as well as between Africa.
