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Crypto Trader on Ripple's XRP Price Action: "Patiently Waiting for That +30 Percent Daily Candle"

  • Alex Dovbnya
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    Ripple's XRP is on the verge of a massive breakout that could propel its price to new yearly highs

Crypto Trader on Ripple's XRP Price Action: "Patiently Waiting for That +30 Percent Daily Candle"
Cover image via www.123rf.com

Cryptocurrency trader "Galaxy" says that he's "patiently" waiting for Ripple's XRP to print a massive 30 percent candle on its daily chart. 

At press time, the XRP token is changing hands at $0.283 with a solid 4.46 percent gain over the last 24 hours. The third biggest coin by market cap has now fully recovered after nosediving on Sept. 24 to the $0.23 level, which was its lowest point since November 2017.  

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XRP was one of the best-performing digital assets during the big crypto bubble of December 2017 with its price surging from $0.22 to $3.30 (its current ATH) in less than a month. 

As reported by U.Today, "Galaxy" tweeted that the token's price could gain up to 4,600 percent after recording a bullish MACD crossover on the weekly chart. Even commodity trading vet Peter Brandt caved in to the bullish sentiment surrounding XRP, claiming that it was bottoming against Bitcoin. 

 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ripple's Xpring to Ensure XRPL Integration in Top Hardware Wallets by Investing in Towo Labs

  • Yuri Molchan
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    Towo Labs software producer receives a strategic investment from Xpring to enable XRP Ledger’s integration in top cold wallets – the Ledger Nano series, Trezor T

Ripple's Xpring to Ensure XRPL Integration in Top Hardware Wallets by Investing in Towo Labs
Cover image via www.123rf.com
Contents

Ripple keeps broadening its circle of partnerships both by collaborating with banks and by supporting young startups with investments.

This time, Ripple’s investment arm, Xpring, has offered an investment to a Swedish firm, Towo Labs, a maker of firmware for hardware wallets. Now, top-of-the-line hardware wallets will support all sorts of transactions on the XRP Ledger and the XRPL will get a non-custodial web interface on those devices.

The invested amount was not disclosed.

XRPL transactions to launch on the Ledger Nano series and Trezor T devices

The investment from Xpring assumes that within the short term, Towo Labs will integrate support for all types of XRPL transactions on top hardware wallets, such as Ledger Nano models and the Trezor T device.

The present firmware for those wallets only allows for XRP payment transactions and sometimes just blocks further innovation of XRPL and Interledger. The blog post says:

“The new firmware, however, will support the signing of cross-currency payments, trust lines for IOUs and tokenized assets, escrows, orders, payment channels, account settings and so forth.”

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Xpring launches its own developer platform

Previously, U.Today reported that Xpring had announced the upcoming launch of its own platform for dApp makers.

Xpring is busy working on a software toolset that will allow developers working on the XRPL to easily integrate payments options in their dApps. The toolset will allow any crypto coins or fiat currencies to be used.

“This new platform offers a set of tools, services and programs that makes it easier for developers to send and receive payments by building on the XRP Ledger and leveraging Interledger Protocol (ILP) as a bridge to any currency, fiat or blockchain. In short, the Xpring Developer Platform removes the pain and messiness of integrating money into apps.”

Now, the new platform will enable XRPL-based dApps to use XRP for bridging crypto and fiat currencies.

 

What is your opinion on the new Xpring investment? Feel free to share it in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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