{"id":26425,"date":"2023-08-03T13:40:39","date_gmt":"2023-08-03T13:40:39","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/03\/bitstamp-teases-major-xrp-announcement-market-hesitates\/"},"modified":"2023-08-03T13:40:39","modified_gmt":"2023-08-03T13:40:39","slug":"bitstamp-teases-major-xrp-announcement-market-hesitates","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/03\/bitstamp-teases-major-xrp-announcement-market-hesitates\/","title":{"rendered":"Bitstamp Teases Major XRP Announcement, Market Hesitates"},"content":{"rendered":"

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In a cryptic transfer that has the XRP military speculating, Europe\u2019s main cryptocurrency alternate, Bitstamp, has teased a major announcement associated to the token. The Luxembourg-based alternate made this recognized by way of a tweet that merely learn, \u201ctomorrow,\u201d accompanied by the XRP-themed hashtags #XRP, #XRPL and #XRPLedger and a suggestive video.<\/p>\n

The video, a short animation exhibiting an XRP rocket ascending, signifies that the forthcoming announcement may doubtlessly end in important information for the XRP Ledger, finally boosting the worth. However, Bitstamp stopped wanting providing any specific hints about what this announcement would possibly entail, leaving the neighborhood buzzing with anticipation.<\/p>\n

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Tomorrow.#XRP<\/a> #XRPL<\/a> #XRPLedger<\/a> pic.twitter.com\/aZrKAjXK5j<\/a><\/p>\n

\u2014 Bitstamp (@Bitstamp) August 2, 2023<\/a><\/p>\n<\/blockquote>\n

What Might Be Bitstamp\u2019s Announcement?<\/h2>\n

XRP\u2019s followers have been fast to reply, sharing their theories<\/a> on what Bitstamp\u2019s forthcoming announcement would possibly contain. Panos, the founding father of Digital Generation Finance, expressed his perception that Bitstamp could possibly be set to announce a full integration with the XRP Ledger (XRPL). \u201cThe announcement could reveal that DEX has been connected to Bitstamp\u2019s order book, focusing on fiat ramps for payments,\u201d Panos conjectured.<\/p>\n

This notion was seconded by distinguished XRP neighborhood member @XRPcryptowolf, who additionally postulated that Bitstamp could possibly be planning an XRPL integration.<\/p>\n

Meanwhile, one other XRP fan named @wEeZiE posited that Bitstamp\u2019s announcement may need one thing to do with Ripple\u2019s latest minority stake acquisition within the alternate. Back in May, Ripple acquired a stake in Bitstamp in a bid to increase its worldwide operations and diversify its choices past funds.<\/p>\n

A transcript of the Galaxy shareholder convention revealed on the time that Ripple had acquired the shares from Pantera Capital, one other crypto funding agency primarily based within the US. Pantera was one among Bitstamp\u2019s largest shareholders till 2018, when the alternate was acquired by Belgian funding agency NXMH. However, it’s unclear how a lot Ripple paid for the acquisition or how the deal was structured.<\/p>\n

\u201cwEeZiE\u201d said, \u201cRecall Ripple president Monica Long\u2019s comment about Ripple\u2019s recent stake acquisition in Bitstamp. She mentioned that the move would strengthen Ripple\u2019s international presence and diversify its offerings beyond payments. Perhaps Bitstamp\u2019s tease pertains to this?\u201d<\/p>\n

Remarkably, Bitstamp has been a serious Ripple gateway for years, granting shoppers entry to RippleWeb and serving as a key companion for Ripple\u2019s On-Demand Liquidity (ODL).<\/p>\n

XRP Investors Don\u2019t Buy The News<\/h2>\n

At press time, the market has not reacted to the announcement of the announcement. On the opposite, XRP has misplaced key assist at $0.6760 and marked a brand new 3-week low following the abstract judgment within the US Securities and Exchange Commission (SEC) case.<\/p>\n

For now, the worth has discovered assist on the 200 EMA (Exponential Moving Average) at $0.6543. If this assist breaks as properly, a plunge in the direction of $0.60 could possibly be on the playing cards.\u00a0On a bullish be aware, if Bitstamp\u2019s announcement tomorrow can excite XRP buyers, the $0.6760 degree could be the primary resistance. In case of a breakout, a spike as much as $0.7249 is probably going.<\/p>\n

\"XRP
XRP value defends 200 EMA, 4-hour chart | Source XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured picture from Twitter, chart from TradingView.com<\/p>\n<\/p><\/div>\n