Cryptocurrencies

Ripple Keeps Pushing Forward

Ripple has tough skin…hated my many, loved by few because of its non-decentralized stigma attached to the name.  But Ripple is like, bump that, I’m rubber and you are glue and whatever you say that hateful bounces off of Ripple and sticks to you.  And because Ripple has that type of mind set, they just continue to grow.

Ripple continues to sign up companies under RippleNet.  One company in particular is InstaReM.  Already having a presence in the US, InstaReM just reported that it expanded into Canada and will be connecting Canada to over 50 markets, including the U. K. and the U. S.

And now, in other news, approximately 100 million Japanese people will have access to XRP via BITMAX.

The LINE Corporation, operators of the LINE token, has announced the official launch of BITMAX, a crypto trading and exchange platform. BITMAX will be accessible via the Wallet tab on LINE’s native app, which currently already boasts of almost 100 million Japanese users monthly.

The announcement reveals BITMAX as “a simple and secure cryptocurrency exchange” which will make trading digital currencies very easy, even for newbies who aren’t used to the cryptosphere and have no trading experience at all. For now, BITMAX will support the five largest digital currencies by market cap, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).

Source

So what does this all mean for the price of XRP? Well price did hit the daily demand zones and bounced higher.

Price did take out the immediate sellers at $0.30.

Thus, the chart suggests if price pulls back tot the daily demand at $0.26, to go long with a target right below the daily supply at $0.40.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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