XRP
$0.46775 -2.54%
XRP · 1w

Ripple Price Analysis: XRP/USD Bull Momentum Pick Up, First Targets at 80 cents

Coupled with market wide confidence and recent Weiss Ratings, chances are XRP/USD will print higher in coming days. Already we are beginning to see hints of such. At spot prices, XRP bulls have so far reversed Oct 29 losses. Because of weekend’s bullish events, we suggest aggressive traders to buy at spot with stops at Oct 29 lows with first targets as before at week ending Sep 23 highs.

Latest Ripple [XRP] News

Everything else constant, Weiss Ratings are known to make some bold and even outrageous price predictions. But they are doing their jobs and with clear methodologies and models that help them reach their conclusions, Weiss is quickly curving a stand in the crypto market. The independent US based rating firm which provide ratings for different financials products as stocks and crypto recently released a new updated list of cryptocurrency ratings.

After reviewing 3,000 different coins, they finally settled on 111 rating each digital asset based on their technology model in place to determine their performance, adoption model, investment risk model for potential downside and investment reward model for possible upsides should the coin be widely accepted and used by the community.

Out of this it wasn’t surprising for XRP, a high liquid digital asset, to receive high ratings because of their superior transaction speed that might spur widespread adoption since it is attractive for different businesses. Already there is a wave sweeping across the banking sphere that front the use of XRP with SBI Group leading their charges in the East.

Mid last week, the CEO of SBI Group Yoshitaka Kitao said in a recent SBI Financial Results Briefing that discussions were ongoing that would see a project created within the R3 consortium that extensively use XRP.

This is definitely good news for XRP because R3, a sort of competitor for Ripple are also advocating for adoption of blockchain technologies through creati...

Continue on crypto-economy.net
Recent news