empty
 
 
Stai per lasciare
www.instaforex.eu >
il sito gestito da
INSTANT TRADING EU LTD
Apri un conto

11.11.202109:55 Forex Analysis & Reviews: Ripple decided to do something else

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

The Fintech startup Ripple has announced that it is launching a new product that will allow financial services companies to offer their customers the opportunity to buy and sell cryptocurrencies, while the cryptocurrency market has collapsed from its highs.

Judging by the fact that nothing has been heard from Ripple lately, investors were delighted with this news. This did not lead to a serious change in the exchange rate, but the demand for this asset has clearly increased. The San Francisco-based company said that a feature called the Liquidity Hub will provide corporate customers with access to digital assets from various sources. Customers will have the opportunity to purchase the most common cryptocurrency assets such as Bitcoin, Ethereum, Litecoin, etc. The company also hopes to offer access to a more extensive list of assets, including NFT, in the future. As stated in Ripple, this feature is currently at the stage of preliminary testing and its launch is scheduled for 2022.

Exchange Rates 11.11.2021 analysis

RippleNet

Asheesh Birla, RippleNet's general manager, believes that the company's new tool can be considered as an "aggregator for various liquidity platforms and individual assets." As an example, he cited Google flights for airlines. According to Birla, the product has been developed for almost two years, and currently, his first client to use this service is Coinme, an ATM operator working with cryptocurrencies based in the United States.

Founded in 2012, Ripple is closely linked to the XRP cryptocurrency. The company sells its technology to financial companies as a kind of "bridge" to accelerate international payments. However, whether someone actually uses such services is still not clear. But according to CoinMarketCap, this does not prevent XRP from being the seventh-largest digital currency in the world.

Of the key services, Ripple offers its platform called RippleNet, a financial transaction exchange service that is used by banks and other financial institutions to send money across borders. Ripple advertises its offer as a competitor to SWIFT, a global network of interbank payments.

However, the fate of Ripple hangs in the balance, as the company has been in the proceedings initiated by the U.S. Securities and Exchange Commission for a long period of time. The regulatory body claims that its executives Brad Garlinghouse and Chris Larsen raised more than $1.3 billion through the placement of unregistered securities. Ripple is fighting the lawsuit, arguing that XRP should not be treated as a security.

XRP's technical picture:

At the moment, the trading instrument is within its large maximum of about $1.35, the breakthrough of which will provoke a number of purchases with the aim of reaching $1.48 and $1.60. The $1.78 level will act as a larger resistance. If the pressure on the trading instrument returns, and the bulls fail to break above $1.35, then apparently the $1.21 level will play the role of support. Its breakthrough will dump XRP already in the $1.10 area, which will create certain problems for traders counting on a more active growth of the trading instrument.

Exchange Rates 11.11.2021 analysis

As for Bitcoin's technical picture:

Traders hurried to take profits after updating the next historical high in the area of $68,000, which led to a decline in the trading instrument to the support area of $66,450. A breakthrough of this level will quickly push the world's first cryptocurrency in the area of $62,400 and open the way to $58,160. But if the bulls keep under control the level of $66,450, it will be possible to observe the update of the highs in the area of $ 68,500 and $ 69,000 in the near future.

Eseguito da Jakub Novak
Esperto analista di InstaForex
© 2007-2024

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guadagna sulle variazioni dei tassi di cambio delle criptovalute con InstaForex
Scarica MetaTrader 4 e apri la tua prima operazione



Stai per lasciare www.instaforex.eu, il sito Web gestito da INSTANT TRADING EU LTD
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.

Turn "Do Not Track" off