Ripple’s XRP is the third-largest digital asset with the current market capitalization is $8.9 billion and an average daily trading volume of $1.9 billion. XRP/USD retreated from the intraday high of $0.2061 to trade at $0.2045 by the time of writing. Despite the upside momentum, the coin is mostly unchanged since the beginning of the day as it has been trading within a short-term bearish bias amid low volatility. A new initiative that may boost XRP Coil, the platform for web monetization and one of the biggest Ripple investments, has announced the launch of a plugin for WordPress that will help to fast track the adoption of cryptocurrency and blockchain technology. The solution will provide the site owners with an easy way to integrate Coil and get rewards in crypto assets such as XRP and in fiat currency. Coil received financing from Ripple in 2018. Later on, the company participated in which participated in Coil’s seed round to the tune of $4 million. Stefan Thomas commented: Part of the inspiration for Coil was to break down the barriers that prevent creators from being paid for their work and their fans from being able to support them. By leveraging Interledger Protocol technology and partnering with Uphold, we’re continuing to tear down walls that make cross-currency transactions too expensive and inaccessible to many. XRP/US: Technical picture On the intraday chart, XRP/USD dropped back below the upside trendline, which is a negative development in the short run. Now this line serves as a pivotal resistance at $0.2080, reinforced by the recent recovery high. Once it is broken, the upside is likely to gain traction with the next focus on $0.2100 reinforced by the daily SMA100 and the middle line of the daily Bollinger Band. If it is broken, the next resistance of $0.2200 will come into focus. It is created by a daily SMA200. On the downside, the initial support is created by 1-hour SMA50 at $0.2040. It is followed by 1-hour SMA200 on approach to psychological $0.2000. XRP/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Cryptocurrency Market Update: Ethereum and Ripple’s rallies in jeopardy, Bitcoin paralyzed under $10,000 FX Street 2 years Ripple’s XRP is the third-largest digital asset with the current market capitalization is $8.9 billion and an average daily trading volume of $1.9 billion. XRP/USD retreated from the intraday high of $0.2061 to trade at $0.2045 by the time of writing. Despite the upside momentum, the coin is mostly unchanged since the beginning of the day as it has been trading within a short-term bearish bias amid low volatility. A new initiative that may boost XRP Coil, the platform for web monetization and one of the biggest Ripple investments, has announced the launch of a plugin for WordPress that will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
