Ripple News And Price Analysis:Ripple Upbeat As Bitcoin Superstore Supports XRP. Thursday, August 9
Important Ripple News
Ripple Upbeat As Bitcoin Superstore Supports XRP
The vision of Ripple of recent has been decoupling from Bitcoin as the founders are of the opinion that the coin has merits far more than it is attributed. The Ripple team seems always to have one new move or project at one time or the other. The company’s vision is to be adopted globally as a global financial solution. This vision got a boost with the addition of XRP to the Bitcoin Superstore.
A tweet by the company announcing the support for Ripple stated, “We are excited to announce our acceptance of#Ripple!
Customers can now buy from nearly any online retailer with Ripple! What does the#XRPCommunity think of our addition? #xrpthestandard#xrpyarmy #XRP $XRP @Ripple”
With the support, users making purchases from a number of retail outlets will be able make instant settlements with Ripple.
Ripple XRP Drops 5 Percent As the Coin Market Goes South
The volatility of the crypto market was made manifest overnight as most coins slightly lost values that cumulatively erased about $5 billion from the market. Bitcoin, ether, bitcoin cash and Ripple’s XRP all saw losses with XRP recording 5 percent drop in value.
The drop in the volume of Bitcoin has continued to be an issue for the coin market. Ripple XRP has been vacillating within a broad range of $0.51978 — $0.4242 since June 23 and a tighter range of $0.4242 — $0.46898 since July 21 creating uncertainties in the direction the coin is headed.$0.4242 is the key bullish mark that has held for the past three days.
A support at $0.37942 is the target of this range if there is a breakdown, below it $0.32862. a rally is possible at $0.52 even though it is difficult visualizing that with the price of XRP stuck at this range.
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