• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
technical analysis altcoins

Building XRP Use Cases, Will Stefan Thomas AMA Trigger a Ripple Rally?

Dalmas Ngetich by Dalmas Ngetich
4 years ago
in Ripple
Reading Time: 2 mins read
Advertisement
  • Ripple consolidating with caps at 40 cents
  • After Kava and Switch, Stefan Thomas’ AMA may drive XRP prices

Coil is a blogging platform monetize content, rewarding creators with XRP or USD. It is a creation of Stefan Thomas, a former employee of Ripple. In an AMA session, the community is waiting for gems that will probably spur participation, driving XRP above 40 cents.

Ripple Price Analysis

Fundamentals

Stefan Thomas, the former Ripple Chief Technical Officer (CTO) and creator of the InterLedger Protocol, will hold an ask-me-anything (AMA) session on May 30th.  Hosted in Reddit, it will be interesting to hear what the founder of Coil has to say about their plans. The AMA will be a few days after Kava labs announced the launch of Switch.

“Switch sidesteps the problems of traditional DEXs by employing a novel solution: streaming micropayments, which work by moving little bits of value piece-by-piece until a complete payment or trade is complete.”

While at it, David Walsh, a Senior Web Developer and Software Engineer at Mozilla, is testing Coil. The revelation is five years after he created an account. It is understandable. David is an educator and regularly blogs.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

On the other hand, Coil’s ambition is to reward content creators, launching their beta platform in early May. The blogging platform includes an optional $5 monthly subscription that pays content creators as subscribers browse.

Candlestick Arrangements

Ripple XRP

At the time of writing, XRP is changing hands at 38 cents. It is constant against the USD and held within a broader 10 cents trading range. Although traders expect higher highs in line with recent candlestick alignment and trend set by Sep 2018 bull bar, XRP is under pressure.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Liquidation pressure stems from fundamental factors as well as price action. Note that buyers are yet to clear the 40 cents mark with this being the sixth month. All the same, it is likely that a breakout above 40 cents (or below 30 cents) shall spur participation.

If there is a surge, odds are XRP will rally to Dec 2018 highs of around 50 cents. That will be the primer for 80 cents especially if the breakout bar registers a spike in participation. Nonetheless, before that, aggressive traders should be accumulation on dips with safety nets below 34 cents, our minor support line.

Technical Indicators

Although May 14th and 15th bars are conspicuous, May 19th bull bar is where XRP/USD price action is consolidating in. It has average volumes of 56 million. Nonetheless, it is wide-ranging and bullish.

Therefore, for trend continuation, any bull bar signaling continuation of buy trend and closing above 40 cents must be propelled with trading volumes above 56 million.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Tags: CoilKavaRippleStefan Thomasxrp
Tweet123Share230ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Ripple XRP

XRP Bulls Try To Break Consolidation At $0.4 To Conquer New Levels

2 days ago
XRP Transactions Skyrocket In Australian Top Exchanges

XRP Transactions Skyrocket In Australian Top Exchanges

1 week ago
Whales Move Billions Of XRP Following Price Spike

Whales Move Billions Of XRP Following Price Spike

2 weeks ago
XRP Price Goes Upward With Increasing Whales Activity

XRP Price Goes Upward With Increasing Whale Activity

2 weeks ago
Ripple CTO Schwartz

Ripple CTO Advises Selling Flare (FLR) Tokens, Raises Serious Allegations

2 weeks ago
Ripple XRP

Ripple (XRP) Related Flare Network Token Airdrop: FLR dumps by 71%

3 weeks ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
Metaspins

Metaspins

Review · Visit
Coinplay

Coinplay

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Connecting the dots on $PAW. Is Ryoshi back?

January 28, 2023

Cardano’s (ADA) first native stablecoin will launch next week, Binance (BNB) Moved $346M for the Defunct Exchange Bitzlato, Snowfall Protocol (SNW) brings in massive 500% profits to investors

January 28, 2023

Cardano (ADA) Leads Crypto Dip as Market Sheds $27B Overnight, DMM Bitcoin starts handling Polygon (MATIC), Less than 7 days remain to Snowfall Protocol’s (SNW) launch

January 28, 2023

Cardano (ADA) and Solana (SOL) Holders See Potential in Snowfall Protocol (SNW)

January 28, 2023

The Meta Masters Guild Presale Generates $1.5 Million So Far With Price Hike of 23% in Next 48 Hours.

January 27, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.