Terrific work! This is the type of information that should be shared around the web. Shame on Google for not positioning this post higher! Come on over and visit my site . Thanks =)
Bitcoin Goes Back Near $40K Resistance; Support is at $36K
July 28, 2021
Published by Violet MC
Bitcoin (BTC) buyers protected support during Asia hours as the short-term uptrend persists. The cryptocurrency, Bitcoin, is near $40,000 resistance at the time of this report and is up about 6% over the past 24 hours.
The last try at $40,000 on Monday activated overbought readings. Which preceded a near 10% pullback. However, Bitcoin buyers have been active at lower support around $34,000-$36,000.
- The relative strength index (RSI) is overbought on the four-hour plot. Which this might trigger and activate some profit taking.
- Bitcoin is hardly 20% above the 100-period moving average on the four-hour plot. The analysts saw the most recent above average deployment in mid-June while buyers failed to break above $40,000 resistance.
- The declining decline momentum got slowed significantly over the past month while bitcoin continued to hold $30,000 support. The ongoing rally could cheer and give support further buying once oversold signals come into sight on the weekly chart.
Ripple On-Demand Liquidity
It puts a remarkable and considerable step for Ripple looking to cut in a slice of the $1.8 billion in yearly payments from Japan to the Philippines.
Ripple is looking to hit the almost $2 billion a year payment market among Japan and the Philippines through the use of its on-demand liquidity (ODL) service.
Ripple is looking to hit the almost $2 billion a year payment market among Japan and the Philippines through the use of its on-demand liquidity (ODL) service.
- Japan’s money transfer provider SBI Remit, is linking powers with Philippines mobile payments service Coins.ph. And also, crypto exchange SBI VC Trade to create and open a payment doorway between the two countries. Ripple declared it in a blog post on Wednesday.
- It signs a remarkable step for Ripple looking to get a cut of the $1.8 billion in yearly payment from Japan to the Philippines.
- ODL via Ripple’s xRapid cross-border payment service lets firms to transfer and shift funds from one fiat currency to XRP (+12.52%) and from XRP to another currency.
- The move follows on from Ripple’s development in Asia after obtaining a 40% stake in cross-border payments company Tranglo in March.