Tanya Abrosimova
Independent Analyst
- AlphaPoint announced the launche of a platform for digital assets, based on XRP currency.
- XRP/USD recovered from recent low and settled at $0.44.
XRP is changing hands at $0.4944 handle at the time of writing. The third largest coin with market value over $17B has lost 2.5% on a daily basis, staying unchanged since the beginning of Tuesday.
AlphaPoint, the solution provider for cryptocurrency exchanges, has announced the launch of the platform for digital assets trading (DCEX) based on XRP coin. The news is generally positive, but the market reaction is muted so far as XRP is moving in sybc with Bitcoin and other crypto majors.
"Today we’re very excited to announce the launch of @dcexofficial, powered by @AlphaPointLive. DCEX is the first-ever digital currency exchange to utilize $XRP as its exclusive base currency," the company wrote.
The developers offer low commissions and claim that XRP transaction will take less than four seconds. The platform will support 15 coins, including Litecoin, Ethereum, Ethereum Classic, EOS, DASH, Monero, VeChain, ZCash, TrueUSD.
Ripple's technical picture
From the technical point of view, XRP/USD recovered from Monday's low at $0.4347. A sustainable movement above $0.44 is needed to extend the recovery towards the next handle at $0.45 with 50-SMA (1-hour chart) on approach.
XRP/USD, 1-hour chart
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