{"id":388023,"date":"2019-06-29T16:00:27","date_gmt":"2019-06-29T16:00:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=388023"},"modified":"2019-06-29T15:07:30","modified_gmt":"2019-06-29T15:07:30","slug":"even-with-money-tap-ripple-xrp-is-struggling-slides-6-4","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/even-with-money-tap-ripple-xrp-is-struggling-slides-6-4\/","title":{"rendered":"Even With Money Tap, Ripple (XRP) Is Struggling, Slides 6.4%"},"content":{"rendered":"<ul>\n<li><em>Ripple (XRP) prices down 6.4 percent<\/em><\/li>\n<li><em>Money Tap welcome more banks as Bitrue lose $4.2 million<\/em><\/li>\n<\/ul>\n<p><em>Noticeably, the altcoin season is far from impressive. XRP is under pressure and liquidating encouragingly above support levels. Good news is that fundamentals are solid. Bullishly, Money Tap, which use xCurrent, replaced Resona Group with seven more Japanese banks meaning there is demand for Ripple\u2019s solutions in South East Asia.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>The buzz around the so-called \u201c<a href=\"https:\/\/ktsl888.com\/2019\/06\/18\/crypto-altcoin-season-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer \">altcoin season<\/a>\u201d is dying off. Bitcoin prices are rocketing. Meanwhile, XRP and altcoins in general are struggling to register inspiring gains. In the top-5, XRP is bogged down with whipsaws quickly erasing gains. Worse still, fundamentals are mixed.<\/p>\n<p>While Money Tap attracted six more Japanese banks pouring cold water of skepticism that the alliance will disintegrate with time, Bitrue lost coins in a hack.<\/p>\n<p>The seven new banks include Chikubo, Ashiga, Towa, Shimane, Toho, and Fukushima Banks. According to <a href=\"https:\/\/twitter.com\/XrpCenter\/status\/26454272\" rel=\"nofollow\">XRP Research Center<\/a>:<\/p>\n<blockquote><p>\u201cSBI Group announces that SEVEN additional Japanese banks (20 in the aggregate as of today) have agreed to invest in Money Tap, Co. Ltd, a brand-new company operating a domestic settlement system for digital payments that Run on Ripple.\u201d<\/p><\/blockquote>\n<p>Bullish as it is, XRP would have the extra energy to soldier on if <a href=\"https:\/\/ktsl888.com\/2018\/09\/13\/ripples-new-moneytap-app-could-dominate-japanese-bank-transfers\/\" target=\"_blank\" rel=\"noopener noreferrer \">Money Tap<\/a> used <a href=\"https:\/\/ktsl888.com\/2019\/04\/30\/ripple-surges-after-nasdaq-adds-xrp-liquidity-index-will-growing-adoption-propel-it-higher\/\" target=\"_blank\" rel=\"noopener noreferrer \">xRapid<\/a> as a medium of exchange.<\/p>\n<p>On the other hand, Bitrue suffered a security breach when attackers had access to the exchange\u2019s <a href=\"https:\/\/ktsl888.com\/2019\/05\/07\/breaking-binance-hot-wallets-lose-7000-bitcoin-btc-in-large-scale-security-breach\/\" target=\"_blank\" rel=\"noopener noreferrer \">hot wallet<\/a>, making away with 9.3 million XRP coins and 2.5 million ADA coins respectively. Taking to Twitter, the exchange <a href=\"https:\/\/twitter.com\/BitrueOfficial\/status\/19536896\" rel=\"nofollow\">said<\/a>:<\/p>\n<blockquote><p>\u201cThe hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges.\u201d<\/p><\/blockquote>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-388025\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?resize=1280%2C1024\" alt=\"Ripple XRP\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?w=1280 1280w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Ripple-Daily-Chart-June-29.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Thus far, there is the decimation of XRP bulls. Lacking the momentum to maintain further upside, XRP is consolidation above 34 cents. Overly, and in line with previous <a href=\"https:\/\/ktsl888.com\/2019\/06\/24\/ripple-ambitious-xrp-prices-breakout-from-a-bull-flag\/\" target=\"_blank\" rel=\"noopener noreferrer \">XRP\/USD trade plans<\/a>, that is bullish by all accounts.\u00a0 Optimists may consider this a retest of support following the free fall of June 27.<\/p>\n<p>However, for doubters, XRP prices may fall. All the same, bulls have a chance. While aggressive traders can buy the dips above 34 cents, it is vital for bulls to break and close above June 2019 highs at 50 cents. Accompanying this revival must be a spike in participation comprehensively reversing losses of June 27.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>As aforementioned, price spikes above 50 cents ought to be with high trading volumes exceeding 113 million of June 22. Still, it would be better if that candlestick, signaling bull trend reversal, is extensive with strong support surpassing volumes of May 14 at 187 million. Only then will conservative traders initiate longs as they aim at 80 cents and later $1.40.<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\"><em><strong>Chart<\/strong><\/em><\/a><em><strong> courtesy of Trading View. Image Courtesy of Shutterstock<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) prices down 6.4 percent Money Tap welcome more banks as Bitrue lose $4.2 million Noticeably, the altcoin season is far from impressive. XRP is under pressure and liquidating encouragingly above support levels. Good news is that fundamentals are solid. Bullishly, Money Tap, which use xCurrent, replaced Resona Group with seven more Japanese banks meaning there is demand for Ripple\u2019s solutions in South East Asia. Ripple Price Analysis Fundamentals The buzz around the so-called \u201caltcoin season\u201d is dying off. Bitcoin prices are rocketing. Meanwhile, XRP and altcoins in general are struggling to register inspiring gains. In the top-5, XRP is bogged down with whipsaws quickly erasing gains. Worse still, fundamentals are mixed. While Money Tap attracted six more Japanese banks pouring cold water of skepticism that the alliance will disintegrate with time, Bitrue lost coins in a hack. The seven new banks include Chikubo, Ashiga, Towa, Shimane, Toho, and Fukushima Banks. According to XRP Research Center: \u201cSBI Group announces that SEVEN additional Japanese banks (20 in the aggregate as of today) have agreed to invest in Money Tap, Co. Ltd, a brand-new company operating a domestic settlement system for digital payments that Run on Ripple.\u201d Bullish as it is, XRP would have the extra energy to soldier on if Money Tap used xRapid as a medium of exchange. On the other hand, Bitrue suffered a security breach when attackers had access to the exchange\u2019s hot wallet, making away with 9.3 million XRP coins and 2.5 million ADA coins respectively. Taking to Twitter, the exchange said: \u201cThe hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges.\u201d Candlestick Arrangements Thus far, there is the decimation of XRP bulls. Lacking the momentum to maintain further upside, XRP is consolidation above 34 cents. Overly, and in line with previous XRP\/USD trade plans, that is bullish by all accounts.\u00a0 Optimists may consider this a retest of support following the free fall of June 27. However, for doubters, XRP prices may fall. All the same, bulls have a chance. While aggressive traders can buy the dips above 34 cents, it is vital for bulls to break and close above June 2019 highs at 50 cents. Accompanying this revival must be a spike in participation comprehensively reversing losses of June 27. Technical Indicators As aforementioned, price spikes above 50 cents ought to be with high trading volumes exceeding 113 million of June 22. Still, it would be better if that candlestick, signaling bull trend reversal, is extensive with strong support surpassing volumes of May 14 at 187 million. Only then will conservative traders initiate longs as they aim at 80 cents and later $1.40. Chart courtesy of Trading View. Image Courtesy of Shutterstock<\/p>\n","protected":false},"author":384,"featured_media":347583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[45923,34972,3680,4531],"class_list":["post-388023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitrue","tag-money-tap","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Even With Money Tap, Ripple (XRP) Is Struggling, Slides 6.4%<\/title>\n<meta name=\"description\" content=\"Despite Money Tap and increasing use of xRapid, Ripple is bullish but XRP is finding strong sell resistance at 50 cents heaping pressure on the coin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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