XRPUSD Price | XRPUSD Chart | IFCM UAE
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XRPUSD Prices & Live Chart

XRPUSD Price Chart

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Technical Analysis

The XRPUSD technical analysis of the price chart on 4-hour timeframe shows XRPUSD,H4 is advancing above the 200-period moving average MA(200) after retracing lower following a rebound to 4-month high three days ago. RSI indicator is in overbought zone. We believe the bullish momentum will continue after the price breaches above the upper bound of Donchian channel at 2.9751. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 2.7608. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Crypto -

Vincent Van Code, a popular software developer, made a claim that SWIFT might soon declare its plan to employ XRP and Ripple as an alternate settlement layer for interbank payments. Will the XRPUSD price continue advancing?

SWIFT has been the industry standard for interbank communication thanks to its vast network of more than 11,000 member institutions. Inefficiencies of the current global payments infrastructure could be resolved by a SWIFT-Ripple alignment, especially one that incorporates XRP. Vincent Van Code, a strong advocate for blockchain adoption, hinted that SWIFT might soon declare its plan to employ XRP and Ripple as an alternate settlement layer for interbank payments. RippleNet and On-Demand Liquidity (ODL) have introduced a real-time, blockchain-based solution. It is very appealing to financial institutions trying to boost capital efficiency and lower operational friction because the ODL solution does away with the need for expensive nostro/vostro accounts. In the past Ripple has acknowledged conversations with SWIFT and its expanding network of partnerships, including those with central banks. Possible employment of XRP as an alternate settlement layer for interbank payments is bullish for XRPUSD.

IndicatorSignal
RSI Sell
MACD Neutral
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
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