urgent news just leaked true price of xrp xrp to 60 000 it seems that argentina is gradually
following the same path as el salvador regarding the introduction of bitcoin
on monday argentina's largest private bank banco galicia confirmed that it now offers
its customers the opportunity to purchase certain crypto assets in its application
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infrastructure service lyrium banco galicia has started offering crypto services to its customers
according to bloomberg this decision was prompted by a survey in argentina which
reflected the growing demand for cryptocurrency in the south american country sixty percent of
those who took part in the survey asked to expand access to the emerging market
the argentine banking giant will offer its more than seven million customers access only to
bitcoin ethereum xrp and usd coin when launching the service according to martin kopas chief
operating officer of lyrium the service allows users to buy and sell cryptocurrencies but does
not support the withdrawal of cryptocurrencies however cope has said that the bank will also
provide depository services according to the head lyrium has entered into a partnership agreement
with the hong kong crypto exchange osl to make it possible to provide trading in storage services
a reputable bank confirmed the rollout of the service on monday in response to a customer's
request for the availability of a new feature in a tweet the bank said hi at prakati yes we
are adding new investment options if you have any questions we invite you to write to us privately
it is noteworthy that banco galicia is not the only major bank in argentina that has
started providing this service numerous reports on tuesday also say that brookbank has launched a
similar service it doesn't end there according to copaz lyrium is currently working with four other
argentine banks that plan to offer similar services according to statista estimates 21
of the 45 million population of argentina participated in cryptocurrency transactions
ranking sixth in the world in terms of cryptocurrency adoption fortunately there
is little chance of slowing down this process in an increasingly difficult economic situation
argentina is currently fighting a long battle with inflation which has reached a 20-year high
jumping to 55 in april thus the cryptocurrency markets in the country have benefited during this
economic crisis as supporters consider bitcoin an excellent means of protection against inflation
apparently argentina is following the same path as el salvador as the country continues to warm
up before the emerging market speaking last august district president alberto fernandez
hinted that the country is open to accepting bitcoin it is noteworthy that the bitcoin-based
payment company strike which was launched in el salvador before the adoption of the cryptocurrency
also opened in argentina this year el salvador and the central african republic have already accepted
bitcoin as legal tender no one knows who will be next every quarter ripple releases a report on xrp
markets to provide transparency and updated information about the company's performance
and the main stages of xrp reports often include ripple's view of the current state of the industry
from both a financial and regulatory perspective for each of the regions in which ripple operates
this separates xrp investors from investors in other digital assets because xrp holders become
informed stakeholders who know exactly where their money is going in addition the goal is
to encourage trust and open communication in the crypto industry which may sometimes be lacking
the report describes record growth in key areas such as the growth of the nft space
the xls 20 upgrade xrpl interoperability the creation of an embedded xrp ldex and how ripple is
coping with global cryptocurrency regulation the most impressive thing to note in the report is the
record numbers recorded by ripple which indicates the rapid adoption of xrp as a global financial
payment network ripple common forms ripple net starts the year with record figures the first
quarter of 2022 was a record quarter for on-demand liquidity odl as volume grew almost eight times
year-on-year overall ripple net has demonstrated an annual payment volume of 15 billion dollars
indicating unprecedented growth as customers use odl for a variety of purposes beyond traditional
money transfers or individual payments including treasury payments and bulk payments for small and
medium-sized businesses sales and purchases in the first quarter in the last quarter ripple's total
xrp sales net of purchases amounted to two hundred and seventy three dollars twenty seven million
compared to seven hundred and seventeen dollars zero seven million in the previous quarter
ripple continues to engage in odl related sales and these volumes have grown substantially as
the ripple odl business has expanded this is great news for xrp holders as it ensures that
the success of the on-demand liquidity service odl which is in demand by all financial institutions
will create a constant market demand for xrp this means that it is likely to create a long-term
bullish momentum for the xrp price given that there is always demand for the token a total
of about 140 million transactions worth about 61 billion dollars were conducted in the xrp ledger
registry in the first quarter of 2022 ripple comet also says the price of xrp remained afloat
remaining mostly range bound during the quarter compared to other major tokens despite declining
volumes and in the face of broader macro signals and btc price movement in the last quarter a total
of 140 eight million transactions worth sixty one dollars one billion in the amount of eighty eight
billion xrp were made in the xrp ledger registry the community continued to create and promote more
projects and applications for various use cases ripple has announced the allocation of 1 billion
xrp for the xrpl grant program to promote xrpl projects and support projects of an independent
community of developers of all types in the xrp registry so far ripplenet is starting the
year with record figures and expects further growth especially with the ripple odl service
xrp's price movement over the past year has set four distinct lower highs and three higher lows
the connection of these oscillation points using trend lines shows the formation of a symmetrical
triangle this technical formation predicts a 69 rise determined by adding the distance between
the maximum and minimum of the first oscillation to the breakout point interestingly the last three
times when the price of xrp approached the lower trend line it grew somewhere from seventy percent
to one hundred and seventy percent thus the latest retesting which took place on april 29th
shows great prospects for the money transfer token especially if history repeats itself
assuming that the xrp price breaks through at zero dollars 827 adding a 69 percent indicator shows a
target of one dollar forty however this technical formation does not have a directional bias
thus a sudden surge of pressure from sellers which leads to the closing of a two-day candle
below the lower trend line at zero dollars 575 may provoke a bearish breakout in this case adding 69
to this point shows a target of zero dollars 176 the live xrp price today is zero dollars 88 us
dollars with a 24-hour trading volume of three billion seven hundred and forty million us dollars
we update our xrp to usd price in real time xrp is down zero four percent in the last 24 hours
do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
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