- Ripple’s mild gains sent it above $0.315 but could not test the previous highs around $0.32.
- Spend allows instant conversion of XRP to fiat for spending at more than 40 million locations.
Ripple has experienced mild gains in comparison to assets like Bitcoin and Ethereum. Bitcoin recovered again and stepped above $3,700 while Ethereum is among the biggest 24-hour gainers; ETH/USD is currently trading at $139.82 following the bullish move from the support at $120. The entire market is in the green with the top twenty assets showing gains between 1% and 15% on Monday, February 18, 2019.
The trading on February 8, saw Ripple breakout in incredible gains that not only pushed it above $0.3 but also touched $0.32. The trading the followed was more of consolidation with $0.30 working as a pivotal level. XRP closed the week’s trading at $0.30 completing the formation of a triangle pattern breakout.
While most of the above-mentioned assets recorded significant gains, Ripple’s mild gains sent it above $0.315 but could not test the previous highs around $0.32. At press time, Ripple is changing hands at $0.3121 after adding 2.32% on the day. According to the Relative Strength (RSI), which has retreated from the overbought, Ripple is more inclined to move south. Besides, a bearish momentum is forming towards $0.31 (immediate support). However, the slow stochastic oscillator (1-hour range) is horizontal at 75 to show that XRP/USD sideways trading could resume above $0.31. In the event losses continue, the digital asset will find support at 0.3 and the $0.287 (February low).
In other news, XRP is currently available as a payment option on Spend, a firm that provides financial services to millions of customers. The support comes days after Litecoin and Dash were added to the platform as payment options as well. This means that XRP can now be used in more than 180 countries at 40 million locations around the world using a Visa Card.
“XRP is now available on the #SpendApp. Buy/Sell $XRP with your bank account. Exchange XRP with all supported assets. Spend XRP at 40+ million locations with the Spend Wallet by instantly converting to fiat on the #Spend Visa Card!” Spend.com announced via Twitter.
XRP/USD 1-hour chart
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