- XRP slows down following the recent upticks as it appears to gather enough momentum for the next surge.
- Uphold announced XRP debit cards after its partnership with GlobaliD.
- A decisive 9-Hr candle close over $0.785 will validate the coin’s uptrend.
For now, XRP has its price trading over two crucial support levels. If the token retests any of the two barriers, it might register upswings that would smash the scales and range highs for new upswings.
Uphold Launches XRP Debit Cards
A digital financial firm, Uphold, partnered with GlobaliD, an identity site, recently to launch Ripple debit cards. Note that the cards come from MasterCard. Moreover, users will enjoy a 5% cashback, paid in XRPs.
The announcement stated that the debit cards aim to combine the GlobaliD oversight and Uphold’s convenience and flexibility for the best financial services. Customers can use the Ripple cards to pay in digital coins or fiat.
This development is crucial to the XRP network, and it ensures increased crypto adoption since it allows users to accumulate Ripple tokens passively. Keep in mind that the news came as the Ripple vs. SEC lawsuit proceeds.
If Ripple wins the case, it will receive a massive boost, triggering an explosive bullish run.
XRP Targets High
The recent upswings saw XRP coming close to retest $0.785, the range high but failed. Since then, XRP has registered slow and stable consolidation in a plunging trend.
Though the coin appears to test its immediate support zone around $0.689, it hasn’t. For now, traders may expect bullishness after XRP retest $0.689 or the beneath demand zone that extends to $0.671 from $0.623.
With that move, XRP will form a higher high. That would encourage sidelined traders to join the market to trigger new upside moves. Bullishness after this will require XRP to flip $0.785 to support to ensure extended surges.
With that, the altcoin might rally towards $0.90, around 30% from the $0.689 mark. The coin might even tag $1 with massive bullishness.
Despite the optimistic attitude, things might go south if XRP shows inadequate strength when retesting the demand area between $0.623 and $0.671. If Ripple breaks below this, it will move lower towards $0.590.
XRP will invalidate the bullish narrative if it breaches the support herein, triggering sell-offs to lower levels.
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