Ripple is going to grow in short-term

Hello, Traders!
Monfex is at your service and today we overview XRPUSD.

The head of MoneyGram payment service, Alex Holmes, at a Swell 2019 conference, said that his company uses Ripple's XRP cryptocurrency to process 10% of U.S.-Mexico transactions using On-Demand Liquidity (ODL), formerly known as xRapid.

Ripple thawed another billion XRP coins. In 2017, the company blocked 55 billion coins. Now it is gradually thawing assets - at a billion per month. The experts believe that the coin expects growth.

From technical part of analysis Ripple has a bullish divergence by RSI. The price target for a resistance zone.

• The resistance zone ~ $0.2823-0.2834
• The support zone ~ $0.2704-0.2714
  
  Supposed Trade Signal by XRP/USD
• Buy near $0.2744
• Take profit ~ $0.283
• Stop loss at $0.2693
• Market Cap
  $11 937 206 804 USD
• Volume (24h)
  $1 408 225 480 USD
• Circulating Supply
  43 298 481 757 XRP

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.