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Ripple/XRP: Price indicates an imminent breakout

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Ripple/XRP: Price indicates an imminent breakout
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The current price of XRP at the time of writing was at $0.2970, with a market cap of $12 billion.

The one-hour chart for XRP shows a narrowing of the trend lines which has caused the volatility in the price to seep out.

As the hourly candles keep spawning they are getting bounced off of the trendlines indicating a consolidation of the prices.

Moreover, the prices have broken major short-term support at $0.29668 on February 6, 2019. However, the breach in the support was temporary, as the prices are fighting to get back up and the broken support is now acting as a resistance holding the prices below it.

The breakout from this bear flag/pennant-like formation is imminent and the breakout can happen either to the top or to the bottom.

However, it can be speculated that the prices breaking out to the top is a more probable outcome since the bears have already drained out in the energy in bringing the prices as low of $0.29, but then again, it is not the only outcome.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

XRP

XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind

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XRP TipBot goes online after a tiny downtime
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XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.





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