The XRP price has yet to recover from the chaos that ensued after the crash of the FTX exchange. Although bulls are holding well at the support level set at $0.3500. As seen from the eight-hour time frame chart, we see that XRP has touched an important area. This is what will happen now.
Ripple’s on-demand liquidity now extends globally
This week, Ripple broke the news that it is expanding its On-Demand Liquidity (ODL) to Africa. According to the international money transfer company, Africa owns 70% of the $1T global value of mobile money. “The collaboration with MFS Africa will greatly improve payments across the continent.”
MFS Africa has one of the largest mobile money footprints in Africa. MFS Africa will use Ripple’s ODL for real-time mobile transactions from its users in 35 countries.
ODL will deal with friction and bottlenecks that stand in the way of money transactions. Because of the low transaction costs and faster transaction processing, ODL is actually ideal for Africa.
“The Ripple MFS Africa partnership represents a confident, important and bold first step for our crypto strategy to leverage blockchain technologies to amplify our impact on consumers and businesses on the continent. growth in a new economy,” a statement from Dare Okoudjou, CEO at MFS Africa, reads in part.
In a Twitter post on Wednesday the 16th, Ripple said “that ODL has been used very often this year and that through technology, global networks and various lists of their users they can prove it”.
Despite the ongoing lawsuit from Ripple and the Securities and Exchange Commission (SEC), Ripple has still continued its global expansion plan. Due to Ripple’s focus on growth and development, this can give Ripple that edge over its competitors.
XRP Price Analysis As XRP Becomes 7th Largest Cryptocurrency
XRP is officially the seventh largest cryptocurrency after overtaking Dogecoin. XRP has a market cap of $19 billion and has traded $1.4 billion on various exchanges in the past 24 hours.
These prospects for XRP are likely explained by the sixth annual RippleSwell Global conference in London. Over the years, Ripple has brought in key industry leaders, speakers and users. Here, the latest events in the crypto world are discussed and the future of this industry is looked at.
The direction towards which the Moving Average Convergence Divergence (MACD) indicator is moving gives a positive look at the price of XRP. Buyers appear to be waiting for the buy signal when the 12-day exponential moving average (EMA) (in blue) crosses above the 26-day EMA (in brown).
Together, XRP and MACDs are expected to continue the uptrend and are currently approaching the average line. If the MACD crosses the positive area above the average line (0.00), buy orders will become very profitable.
At the time of writing, XRP is trading at a price of USD 0.3727. Breaking and holding the immediate resistance at $0.3800 is necessary as it will convince investors of XRP’s move towards $1. Some traders will take a profit near the 100-day EMA (in blue) with a value of $0.4200. The most bullish investors will wait and start taking some money out of XRP only at a price of $0.50.
Crypto alternatives that provide faster returns
Overall, XRP seems bullish, in addition, XRP has also beaten the SEC, strengthening its path to $1. The outcome of the trial is still months away, prompting investors to look for short-term profits. Below we have listed a few crypto pre-sale projects that have huge potential and allow investors to get in early.
Dash 2 Trade (D2T)
Social trading has helped trading over the years, Dash 2 Trade is on its way to becoming a front runner in this field. People who will use Dash 2 Trade will have access to world-class crypto analysis, making it easier for users to make informed decisions.
Users of Dash 2 Trade will receive information about presales and will therefore have the opportunity to participate in these presales in time. This is due to the scoring system created by Dash 2 Trade. Due to the close connection with presales, users receive an alert when a new crypto hits an exchange, and users can make quick gains as a result.
At the time of writing, D2T is trading at a price of $0.0513. At the next presale, this price will increase further to $0.0533.
Visit The Dash 2 Trade (D2T) Presale now
Robot Era (TARO)
RobotEra is a new Metaverse world where users have the opportunity to own land and build whatever they want here.
The platform’s token is TARO, which will be used as an internal currency. With TARO you could buy or sell NFT robots, the purchased NFT robot could then be traded again for profit.
RobotEra is already on pre-sale and they are selling out fast. TARO is currently selling at a price of $0.020 but will increase further to $0.025 in the next phase. So if investors are interested, they will need to start buying quickly.
Visit The RobotEra (TARO) Presale now
Calvaria (RIA) is a game to earn money where players can collect, battle or trade NFTs. Calvaria has been in development for a year and will be released early next year. What makes it very interesting is that Calvaria lets users play their games without having to own any cryptocurrencies. This ensures that the game Calvaria becomes more accessible to a larger target audience.
The TARO token can be used in-game to purchase in-game items, but it can also be used as a strike. This ensures strong utilization within its ecosystem. TARO’s presale has raised just over $1.7 million and is currently in its fourth phase, where 40 RIAs can be purchased for $1
Now visit Calvaria