Bob Ras is the CEO of CoinField. He believes that XRP has the potential of becoming a global reserve currency. However, Bob has a realistic outlook, as he thinks that “governments” and financial institutions may undertake a hesitant approach and resist XRP’s mass adoption.
XRP is ranked at #3 to the north of Bitcoin Cash in the market. The price increased marginally, at a rate of 0.08% in the course of the past 24-hours. This, in turn, helped XRP move to an extent, and reach the $0.29518 mark where it currently rests. The trading volume recorded stands at approximately $1.41 billion, while the supply has 43,248,091,671 XRP coins involved as part of circulation. For now, the total market cap of XRP amounts to $12.765 billion.
Many have doubted the benefits of #XRP, but you don’t have to take my word for it. The proof is in the pudding: @MoneyGram is experiencing real-time settlement (~60 seconds) in USD to Mexican pesos. Pre-funded accounts will become a thing of the past. https://t.co/Fczhp0DhiI pic.twitter.com/x0owlFvfiX
— Brad Garlinghouse (@bgarlinghouse) November 1, 2019
According to the candlestick chart connected to the XRP/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], this digital currency hasn’t stopped consolidating as of this moment. Buyers and sellers are both trying to initiate a take-over, which shall determine XRP’s performance in the foreseeable future. The daily RSI [for 14 periods] is fluctuating and sits at 54.53 which proves that XRP is struggling to waddle through the neutral zone.
In the aftermath of 29th October, the peaks linked to the Awesome Oscillator [albeit established above the zero line] all possessed the brown shade. This points to a growth in terms of bearish pressure which might impact XRP soon. Similarly, from 31st October onwards, the MACD line has ventured further apart beneath the signal line, thereby allowing the red histogram to progress underneath the zero line.
Barriers may play a crucial role if XRP surges towards $0.31042, and support lies adjacent to the $0.28475 mark.