This was a tweet by a member of the XRPArmy on Twitter. Even though it is fully speculative, American Express taking an interest in distributed ledger technology and Ripple is great news for the whole community:
XRP price is at $0.395567 on coinmarketcap, and its rank is #3. The total market cap for Ripple stands at $16.837 billion. The trading volume recorded is $1.571 in the course of the past 24-hours. A slight boost of 2.78% was noted. The supply has 42,566,596,173 XRP tokens in play.
Many have said that this is due to FOMO which greatly plagues the market. The huge surge of Chainlink during this week was attributed to this factor as well. The blog post from American Express talks about Cross-Border Payments and the revolution of such transactions during the 21st century.
The independence of Ripple when it came to the bearish presence in the market was interesting to behold. Although the post that the hype was in reference through was published a year ago.
American Express is part of RippleNet, who facilitate conductions of, “real-time, business-to-business global payments that will ultimately enhance their customers’ experience.” It is only the future momentum which will dictate whether the price will break on through the next key resistance.
$0.40 is the mark that Ripple must hope to overcome. After this, barriers will be seen near the $0.42 area and at $0.452 as well. Better analysis can be made if the coin trades in the green zone for a while: this will point to a return of bullish force.
Investors and hodlers should keep in mind that Ripple is the worst-performing altcoin amongst the top altcoins in the cryptomarket and proceed with caution. Even TRON had superior profits when compared to XRP (for 2019).