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After Cory Johnson revelation that they have been in constant communication with the Trump administration, Ripple supporter should interpret this as positive. It appears as if this positivity is spreading. In a report the FSB(Financial Stability Board) said cryptocurrencies and blockchain could be viable alternatives if traditional payment means become expensive. This is a subtle endorsement for Ripple as it bids to replace SWIFT. According to a Twitter user, The Financial Stability Board and the G-20 could be bullish on cryptocurrencies because of the efficiency it tags along. While quoting a paragraph in a recent FSB report: “may become an option where current payment or banking services are less convenient or are slow and/or expensive”, Cory strongly believes that Ripple and the use of XRP could pick up, clipping some market share from SWIFT, a dominant cross border payment in use which is expensive. XRP Price Analysis Back to the daily chart and it’s clear that bulls are in control. This is so because Oct 11 losses bulls have been successful in reversing Oct 11 losses. This mostly because of Oct 15 rejections of prices below 40 cents. If anything, we recommend buying on pull backs in lower time frames. First targets would be at 55 cents, 65 cents and later 80 cents. Article by Dalmas Ngetich | October 17, 2018 | 2:00 am, source: https://www.newsbtc.com/2018/10/17/xrp-price-analysis-fsb-report/ FSB Report (Page 12): http://www.fsb.org/wp-content/uploads/P101018.pdf
We can no longer consider XRP a contrarian choice for investment. In today's blog, I explain how XRP is now probably considered a fairly mainstream choice for cryptocurrencies, and how different world organizations have recognized the trends in DLT that make investment in - and usage of - digital assets more mainstream. I also cover the latest news affecting the XRP ecosystem. This includes an analysis of crypto-assets by the G20's Financial Stability Board and a resolution adopted by the European Parliament. SIBOS, SWIFT's annual conference is coming up on October 22nd, and I describe what to expect for Ripple. News about Ripple also involved a video of Ethan Beard describing how Xpring promises to invest in new use cases for XRP. The news from the XRP Community includes an exciting analysis of social media and Internet search trends, as well as a tweet from WietseWind to Elon Musk. All that and more! I hope you enjoy the read & please leave any feedback below. Also - feel free to share my blog as you see fit - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread