Ripple price analysis: XRP/USD gains 2% on a daily basis as Wirex adds XRP to its payment options

  • XRP/USD is climbing higher, stayong above $0.46.
  • Wirex users can work with XRP directly from the wallet.

XRP/USD is trading at $0.4652, 2% higher on a daily basis amid positive market sentiments. XRP's market value is registered at $18.2B with the average daily trading volume $208M . 

The crypto debit card company Wirex now has XRP as a payment option. The company says it received $2 million of XRP in just 12 hours after the option had been imprelented.

"We've seen US$2,000,000 worth of #XRP deposits on Wirex in the last 12 hours!" the Twitter post says.

With Wirex users can to spend their digital coins using Visa and MasterCard. Now they can perform operations with XRP directly from their Wirex wallets.

Ripple's technical picture

From the technical point of view, XRP/USD broke above all three MAs, which is considered to be a positive sign. The local support is seen at $0.4639 (200-SMA, 1-hour chart), followed by $0.4600; once it is broken the downside may be extended towards $0.4500 and $0.4290 (Friday's low). On the upside, the local resistance comes at $0,4800, followed by $0.50

XRP/USD, 1-hour chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.