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  • The 50SMA holding tight at $0.52 while the 100SMA limiting upside movement at $0.535.
  • Ripple’s newly launched xRapid payments solution is positioned at the center of cross-border payments.

Ripple corrected higher from the support at $0.51 (discussed earlier). It added at least 2% on the day coming in contact with $0.535 before starting to trim the gains. At the time of press, Ripple is trading between the moving average support and resistance.

At press time, XRP/USD is making a bullish move towards $0.53 while the RSI is ranging at the 50 percent mark. Ripple is more inclined to move upwards than sideways, at least for now. However, a break above the resistance at $0.5350 will pave the way for gains towards the broken support at $0.540.

Meanwhile, Ripple price has ignored the recent news from the company avoiding wild bullish swings it recorded in September. The Swell 2018 attracted renowned blockchain experts and politicians like the former United States President, Bill Clinton.

During the conference, the company released a report on “Blockchain in Payments” with a focus on mass adoption. Moreover, Ripple’s newly launched xRapid payments solution is positioned at the center of cross-border payments. This and other products from the company is likely to push mass adoption and increase the volume of blockchain powered cross-border payments.

XRP/USD 15′ chart