- XRP can now be used to buy from more than 200,000 online stores.
- Bitcoin Superstore already accepts payments in Bitcoin (BTC) and Bitcoin Cash (BCH) alongside three other digital assets.
- Ripple price is battling to break above the 23.6% Fib level while the support at $0.40 is strong enough to hold in the medium-term.
The online base retailer, Bitcoin Superstore announced on August 6 that it is now accepting XRP as a mode of payment. XRP can now be used to buy from more than 200,000 online stores. The retailer accepts payments in other five digital assets apart from Ripple (XRP). The announcement via Twitter read:
“We are excited to announce our acceptance of Ripple! Customers can now buy from nearly any online retailer with Ripple! What does the XRP community think of our addition?”
Bitcoin Superstore already accepts payments in Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Litecoin (LTC) as well as Ethereum (ETH). Customers can also find Amazon, Starbucks, Walmart and Nike gift cards on Bitcoin Superstore.
Ripple price analysis
Ripple had a shot on $0.52 last month but failed to hold and embarked on a downward roll. Although it dropped massively in July, its downside was protected above $0.43. However, August began with fresh declines that rejected the support level at $0.43 at the 61.8% Fib retracement level with the previous swing level at $0.457 and a low of $0.40. The overarching declines continued yesterday where Ripple dropped to test the critical support at $0.40.
The trend on Tuesday is slightly bullish, although the bears are not letting go that easily. XRP/USD has recovered from the support and is trading at $0.411 at the time of writing. The 23.6% Fib level is offering immediate resistance but the critical resistance is at $0.430.
