- XRP/USD recovered from recent lows, but the upside is limited.
- Samsung stores in Baltic states will accept payments in XRP.
XRP/USD is trading at $0.4594 to press time, unchanged on a daily basis. Ripple’s coin has recovered from Friday;s low at $0.4490, but the upside momentum is weak. XRP’s market value is registered at $18B with the average daily trading volume $169M.
Meanwhile, IT giant Samsung will accept XRP and several other digital coins as a means of payment in stores located in Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania), and Kaunas (Lithuania). Consumers will be able to buy Samsung TV sets and smartphones for crypto via CopPay platform. The IT giant hopes that a broader range of payment methods will increase sales, while Ripple believes that this move will reduce the FUD (Fear, Uncertainty, Doubt) related to the legal status of XRP.
Ripple’s technical picture
From the technical point of view, XRP/USD stays below both 100 and 200-SMA (1-hour chart) at $0.4604 and $0.4668 respectively; fresh selling interest spotted around this area, keeps XRP’s short-term bulls at bay. If it is cleared, the recovery will gain pace and push XRP towards $0,4800. On the downside, the coin is supported by $0.4540 (50-SMA) and $0.4500.
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