Mati Greenspan is eToro's chief market analyst. On Twitter, Greenspan has now stated that Ripple XRP is rising steeply.
In his tweet, he literally wrote:
While the rest of the crypto market is stalling, $ XRP is pumping hard this morning. pic.twitter.com/n9KNeLXpnq
– Mati Greenspan (@MatiGreenspan) February 19, 2019
“While the rest of the crypto market is stuck, [Ripple] XRP is pumping heavily this morning.”
He added that Ripple XRP had been “quiet” since 11 December 2018 until the end of January 2019. On January 26, the asset but “powerful” recovered. Subsequently, the eToro analyst turned to the trading volume of Ripple XRP. He published a graph and wrote:
“The trading volume of [Ripple] XRP has been dominated by Bitcoin and Tether (USDT) in recent months. However, in the last few days we see a dynamic reduction. “
The Twitter user “Macro CryptoRevolution” commented that in his opinion, there are rumors that have increased the price of crypto currencies. Ripple XRP and Bitcoin would correlate for the next few years. Finally he tweeted:
“[ripple] XRP for the banks and conservatives. Bitcoin for the free-thinking people! “
At the time of going to press, Ripple XRP's price was around $ 0.34. That means an increase of almost 9 percent in the 24 hours before. The market capitalization of Ripple XRP at that time was just over $ 13.7 billion.
Omani bank uses ripple
Ripple XRP's rise may also be related, at least indirectly, to the ongoing success of Ripple Labs. For example, Ripple Labs has announced that Bank Dhofar from Oman has now begun using RippleNet. Bank Dhofar is the second largest financial institution of the Sultanate of Oman in the Arabian Peninsula. The partnership between Bank Dhofar and Ripple Labs was already featured on the blog last year.
The bank also began using RippleNet by Navin Gupta, Ripple Labs' Managing Director for Asia, the Middle East and North Africa. He published a press release on Twitter. As a result, Bank Dhofar will use RippleNet's two-way messaging feature and instant settlement feature. So you want to make international payments fast, secure and cost efficient.
Ripple XRP is “# 1 cryptocurrency”
The positive view on Ripple XRP also shares Yoshitaka Kitao, the CEO of SBI Holdings. The company is headquartered in Tokyo and offers financial services. Thus, it achieves an annual turnover of 200 billion USD. With regard to the cryptocurrency Ripple XRP, Kitao recently noted, “[Ripple] XRP is the No. 1 cryptocurrency”.
So you can say that there are quite a few positive signals for Ripple XRP. Now it just remains to be seen whether these will continue to lead to rising prices.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/chefanalyst-of-etoro-ripple-xrp-has-begined-to-great-to-retrieve/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and information purposes only. We are not an investment advisor and do not provide financial advice.
We can not review all articles posted on CoinNewsDesk.com. Please independently research and verify any information here before relying on it as fact. It's also important to do proper due diligence and analysis, including consulting a professional financial advisor. No content on Coin News Desk makes any recommendation to enter into any type of investment or engage in any investment strategy on this website.