It will be intersting to see if XRP can hold above .3200. If so i believe we might see a slight bounce back to .3500 but then lower lows and lower highs. We have a while to wait before this bear market is over!
Recently American Express tested Ripple’s xCurrent solution for cross-border payments and happy with the results. General managment of American Express admitted that the technology could speed up the international payments. American Express bets on the potential of blockchain technology and invests heavily in fintech research and development. Im more likely to believe, this is a huge step for Ripple. Currently, XRP/USD is trading at $0.3121, off the recovery high of $0.3081, at the time of writing, raised 0,42%. The second largest coin with is getting back on track and recovering well. The coin capped at $0.33 handle, followed by $0.3330 (SMA50, 4-hour chart). If it is cleared, the upside may be extended towards $0.3544 (SMA100, 4-hour). On the downside, the local support is created by $0.3100. Once below, the recent low of $0.2897 will return into focus. Have a good start of the working week guys, stay alert for market to rise ( I believe ) and trade on your own risk.