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If you've been following the story of XRP, you'd know that even though it's been in existence since around 2012 and only came into the limelight in twenty eighteen following the Crypto boom, XRP has ascended and ascended, but has maintained levels above 20 cents and sustained itself at values of about 40 to sixty five cents. It has been projected to hit one dollar and twenty twenty one and even venture beyond it. Notwithstanding with the crypto is being put through indirectly by the events that surrounded its parent company, RIPPLE. We're not going to see the end of this relationship soon as Ripple's entire system is based on the XRP ledger, which acts as a module by which lab services are rendered to the respective customers, which are major banks and other forms of financial bodies offering fintech solutions. Welcome back. To Make Money Online, there's news circulating that Ripple is going to support central banks. This is huge news for the entire XRP community as it opens up another path for the adoption of XRP, which is popularly used in the system, will also be looking at other news about XRP and RIPPLE while also addressing the latest XRP price predictions and technical analysis. If you're watching a video on this channel for the very first time, don't forget to like this video and hit the subscribe button and click the notification bell to get notifications every time we upload a new video on this channel. Ripple is a private company building a real time payment exchange and remittance network on top of a distributed ledger database, the Zip Ledger. It employs XRP to facilitate virtually all of its products, of which x rapide is most popular. It's used to provide a source of ready to go liquidity in making payments possible for banks and other financial bodies. Ripple has always been about the establishment of a working relationship with several financial institutions in many countries of the world. Its main goal was to revolutionize payment methods and modulate the medium of transactions from one part of the world to the other. It offers an innovative and useful payment solution for banks and major financial institutions, XRP is quite important to Ripple's base of operations. The coin was designed to enhance smooth financial transactions by making them faster and cheaper. The goal is to eventually become a replacement for Swift, the old standard for international bank wires. Its software overcomes the notable problems of Swift that include slow speed and its enormous transaction fees. Since its advent, banks have been using XRP to move funds at lightning fast speeds between two third parties. It runs on a decentralized ledger known as the XRP Ledger. It acts as a bridge between payment liquidity sources for banks and payment providers, which makes it easy for the trading of currencies. People doesn't own XRP anyway. They're merely users of it to facilitate their activities. This means that the company must have bought a large amount of the coin, aside from the amount in escrow that they're releasing at intervals in order to maintain its market value. While other cryptos were designed to go against banking options and transactions and what can be deemed a revolution, XRP based apps were designed to integrate directly with the existing banking rules. In a bid to achieve this goal, it's signed several partnership deals with many banks across the world. The list includes some world renowned names such as URO Eximbank, BFC, Bahrein, Ali, Bank of Kuwait, WorldCom, finance, to name just a few. The sky's the limit for the underlying Crypto of the system, as the applications could become the main technology employed by banks for regulating international payments and make other platforms like Western Union obsolete, the cordial relationship with global financial corporations gives additional value for investors and traders. It was designed for speed and to achieve some of the lowest fees of any crypto asset transaction. These attributes make it extremely attractive for banks Ripple's main target customer to move large amounts of money quickly at a very low cost. Ripple improves upon cross-border payments brands such as Western Union and MoneyGram and had once acquired an ownership stake in MoneyGram. So this is no longer so as MoneyGram reportedly dropped RIPPLE in view of the ongoing SEC lawsuit, RIPPLE has garnered the support of some of the biggest names in the investment sector, showing that many believe in a strong ripple forecast. Additional partnerships with big banks and financial institutions could push XRP to around one point four dollars to a dollar and a half, hence why the news of this video is so important. Getting in bed with central banks across the world means they get to reach all the banks in a particular country as the central bank is at the top of the financial food chain in any country and whatever they say matters. With the acceptance of a system by a larger number of financial institutions across all the countries in the world who in turn will deploy it to enable their users to make cross-border transactions from their home country, XRP will continue to gradually rise in value. According to inside bitcoins, RIPPLE has revealed a new development. This development is the testing of a brand new private version of the XRP ledger, one developed wholly to support central banks in the ongoing struggles of issuing a central bank, digital currency or CBDs. An important note that the company made is that this new private ledger will primarily be used as a means for payments. The official announcement detailed how ZAPU ledgers block chain will be used as a reference in the development of the private ledgers owned block chain. Another key aspect that RIPPLE highlighted was the fact that CBC's in general are seeing a large growth in interest globally, warning that the rollout of the first CBD is more of an inevitability at this point. RIPPLE highlighted that most blog chains boast public ledgers, which apparently isn't what central banks need in the slightest. Rypple claim that central banks really do need to hide their actions from the public, highlighting that such a private network would be ideal for the issuance and management of CBDs. It should be noted that Ledger has been rather successful, having issued a number of digital currencies within its block chain throughout these past few years. The official statement from RIPPLE practically tripped over itself to sing this new technologies praises. The company highlighted how moving money will be reliable, near instantaneous and cost effective. Further praises for its own technology came by highlighting how this new private ledger will be capable of handling the sheer volumes a central bank would need to keep an entire country's money flowing. According to the announcement, this new private ledger will be capable of handling tens of thousands of transactions. Every second, though, it boasts to handle hundreds of thousands within the same time frame. Should proper scaling be in order? The announcement revealed that the same consensus protocol used by XRP Ledger will be used with the CBC private ledger in order to verify transactions. This when compared to the stock and standard and obviously inefficient baseline of proof of work algorithms looks absolutely fantastic. In the XRP Price prediction for the day, RIPPLE affiliated cryptocurrency EXPE jumped nearly 10 percent before giving up some of its gains, it touched forty nine point four cents, its highest level since February. Twenty fourth was reported that XRP is rallying in the face of a broader market sell off at the time of recording. It's the only top cryptocurrency in the green, according to Coin Market Cap. The most recent XRP RIPPLE comes after Apple CEO Brad Garlinghouse showed his intent to dismiss the lawsuit filed by the US SEC. The lawyers of Apple co-founder and former CEO Chris Larsen was also the executives. Legal counsel alleges that the SEC has failed to prove that they were aiding and abetting the company's XRP sales and conducting transactions in the US on top of Garlinghouse and Larssen stepping up their fight against the regulator. And this chart will look at the best points to enter the trade of exposed after breakout and retest once it gets completed, the analyst thinks that it is time for the head and shoulders pattern to get completed to. It would be a great entry point for us and will show us that the market has power once again to reach 60 or even seventy five cents. The primary target is 60 cents. This is reflected in the green path of the price trend in the Redpath. We may have no valid head and shoulder and it may suggest a bearish momentum because XRP is in range and it's set up for rejection at a strong resistance so it can fall to its local support. For now as well, its new targets in the bearish channel are between thirty five and 40 cents. It's generally expected to be lower than 40 cents. In this chart, we can see how Speedy finalized the wave count in the schedule and strongly pulled back from the upper resistance towards testing the lower boundary of the Smain ascending channel formation. This is crucial because it affects our body, does not hold the boundary and closes blow it, this will complete the channel as a bare flag and activate lower levels ahead. Therefore, it's necessary that our body manages to stabilize above the ascending trend line. However, it's also very likely that Zahed body continues boorishly. This will happen if body moves below the ascending trend line. Taking all these factors into consideration, XRP USDS in a precarious situation in which is likely to complete this decisive formation potentially as a bare flag. A bearish perspective should not be underestimated here. This is why we should be prepared for potential upcoming bearish volatilities so as not to get overwhelmed if and when they show up. We hope you enjoyed this video. Please don't forget to give it a thumbs up. Subscribe and click on that notification bell to get updates whenever we post the new video. Will XRP continue its upward trend with an increasing number of banks using RIPPLE system as well as increasing investor interest? Let us know what you think in the comments section below while you're here. Go ahead and click on one of the videos on your screen and we'll see you next time. Hollywood.