In the latest series of hikes this month, XRP observed a growth of 11% in just under 10 minutes. This comes after the coin doubled its value earlier this month, hiking from its yearly low of $0.25 to almost $0.80 before correcting to around the $0.50 mark.
In its most recent hike, it broke one of the crucial levels that it has been struggling to break since the beginning of the month. This is the $0.57 mark, where the coin has bounced back multiple times.
It was trading at around the same mark over the last week on 22nd September and dropped to $0.55 the very same day. It then saw a sharp drop to $0.44 on September 25th, only to see a sharp upwards movement to $0.54 the very same day.
Proceeding this, it went up to the $0.56 mark, yet again bouncing off the resistance to fall. It bounced between the $0.56 and $0.50 limits for the rest of the week, finding stability at the $0.53 to $0.54.
The technical charts find that XRP has major supports at $0.567, $0.561, $0.55 and $0.54. The trend lines at $0.596 – $0.576, are set to intersect with the uptrend from before the hike at $0.54 – $0.572.
The crypto-space has been filled with bullish news for XRP lately, seeing as how xRapid was confirmed to be close to launch. Ripple is also adding more customers to their network of banks and financial institutions, thus allowing for XRP to be used for cross-border transactions through their product.
Subscribe to AMBCrypto’s Newsletter
Ripple-backed XRPL Labs releases XRPayments on Playstore and App store
The Ripple-backed startup, XRPL Labs had been working on various technologies to develop the ecosystem. One of these technologies, XRPayment, was in its testing phase and has been finally launched and made available on the Google Play store and Apple app store.
Wietse Wind, the developer of XRPtipbot and one of the developers at XRPL Labs, informed the XRP community about this on his Twitter. Wind stated:
“Right on time! 🎉 🎉 🎉 Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google Play store, and start accepting $XRP for payments in your physical store!”
The application received a lot of traction, especially from the XRP enthusiasts, however, one of the users pointed out an issue he encountered while using the application. Twitter user @almost_summer_ asked Wind:
“hi Wietse great job! just downloaded it, if i open the coinbase or uphold wallet app i can scan the QR but it does not auto fill in the amount of XRP to send. the XRPay web version did fill in the amounts. is that supposed to be like that?”
Wind replied to the user saying that the team wanted users to think about the amount they and perhaps tip the service. He also added:
“Some wallet apps can read a pre filled amount, and the web version implemented that, thus breaking support with some other clients. For this app we wanted 100% support, so we left out the pre filled amount feature for now.”
Wind and the team are also working on a ‘signing platform’ which will enable the users to sign and approve transactions from an application or the web application from any developer, without sharing their mnemonic, through a push message or QR code.
Subscribe to AMBCrypto’s Newsletter
BitMax.io [BTMX.com] and EtherZero [ETZ] established Strategic Partnership
Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC relishes bull’s company, while bear takes over LTC’s market
Blockchain Cruise takes place on the Mediterranean from June 9th-13th!
Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Stellar Lumens [XLM/USD] and XRP/USD Price Analysis: Sideways clamp holds strong as prices stagnate
Bitcoin SV [BSV]: John McAfee ‘sues Calvin Ayre in four different countries’; vows to bankrupt him
Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson
Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson
Bitcoin [BTC]: Don’t buy into it if you are not ready to be rekt, warns Richard Heart
XRP takes another step into mainstream adoption as Skype hints a possible integration
Breaking: SBI Virtual Currencies delists Bitcoin Cash [BCH] in response to Binance’s Bitcoin SV delisting
Is John McAfee among crypto adherents who knows Satoshi’s true identity?
Bitcoin [BTC]: Officials crack down on massive BTC fraud in ‘largest pill seizure in the history of New Jersey’
Bitcoin [BTC], Bitcoin Cash [BCH] accepted as payments by Corporate Traveller following tie-up with BitPay