It’s Thursday, October 5th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. After consolidating for a few days, Ripple showed a strong bullish sentiment against the US dollar on Wednesday, forming a morning star candlestick pattern on the daily time frame. The Ichimoku Kinko Hyo’s fast moving average, the Tenkan line, has aso crossed above the slow moving average, the Kijun line, which indicates our second bullish signal for the XRP/USD pair. The future Ichimoku cloud remains flat and slightly bearish. With that, we could expect Ripple to continue its range within the medium-term resistance and support levels of 0.2591 and 0.17 in the foreseeable future. The surge happened as an interview with Ripple’s CEO, Brad Garlinghouse, resurfaced on Forbes, talking about what sets Ripple apart from other cryptocurrencies, and its future. He said some of their customers are already in the early stages of using xRapid, Ripple’s XRP liquidity solution. According to Garlinghouse, payment providers and banks can use XRP to fund their payments on demand, without intermediaries, at a cost that is less than half of the current cost. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
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