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XRP is showing signs of a historical trend, is Ripple history repeating itself?

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Ripple XRP

There have been several surges and dips in the market history of Ripple (XRP), but that is expected of any cryptocurrency in the crypto market. One interesting thing to note is that even though these spikes and dips exist, they seem to be organized. Looking at XRP market chart, there is a progressive form.

Is History Repeating Itself with Ripple (XRP)?

If you are to take a look at the Ripple (XRP) market chart, you will notice that the cryptocurrency is making the same route as it did in April this year, 2018. Remember, the coin went as high as $0.9327 in April.

Ripple’s daily chart shows that XRP is building a technical pattern resembling its April 2018 performance. Although, XRP still needs to break above 200-EMA for this to be confirmed. We are still over-extended on the RSI, so it still needs to reset.

Mid May this year, XRP went low and tested the Low Moving Average; it reset the RSI and broke through it, and then, we saw a surge in its price in April. The same XRP/BTC patterned is very much alike with the one experienced in April.

Ripple began an incredible pump that started on 18th of this month and kept going until hitting a significant high at 78 cents. Since then, its price has had a rough upside trend, which then made the coin price to experience a down move again.

Also, XRP price then tanked as it lost almost 50 percent of its up move within a couple of days. Since then, the price now seems to have found support on the 50 moving average. XRP will follow this trend a little longer, then cool down and garner support and follow the same direction as it did in April this year.

As said earlier, Ripple’s surges and dips do occur in a controlled pattern, and as we already know, XRP does these parabolic movements twice a year. However, it is safe to say that probably now is the best time to buy Ripple.

Ripple’s xRapid is Going Live Next Month

Ripple has unveiled an innovative payment means, and it is expected to go live next month. It is expected that this payment means, xRapid, will help money transactions of financial businesses.

Moreover, lots of crypto enthusiasts believe that Ripple’s recent surge was due to the announcement that xRapid will go live next month. It is anticipated that when this product goes live next month, the price of XRP will surge.

I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production,” Sarbhai, Ripple’s Head of regulatory relations for Asia-Pacific and the Middle East told CNBC during an interview.

xRapid is expected to assist XRP in global transactions. It is also projected that xRapid will help in the increase of XRP value, as well as intensify Ripple’s mass adoption. It is also important to know that Coil – a technology startup company which is poised to assist content creators via Web Monetization has adopted Ripple as a means of payment. That could be a game changer as well.

At the moment, Ripple’s XRP stands at $0.544 per token, with a market capitalization of $21.7 Billion. Platforms integrated on Coil’s network include Twitch, YouTube, and Wikipedia, which means that people who use these platform can donate XRP tokens to the content providers. XRP as a source of payment on Coil’s platform might also help the price of XRP to surge.

With the launch of xRapid, will there be a Ripple’s XRP price surge making history repeat itself? Well, let’s hope and see.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Alexander Andrews on Unsplash

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

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One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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