RIPPLE XRP THE NEXT 48 HOURS ARE VERY IMPORTANT, HERE IS WHY !!!! | LISTEN CLOSE (XRP NEWS TODAY)🔥

hey everyone welcome back to the crypto ZX Channel you guys know what time it is we're going to be having a discussion around none other than xrp itself if you're enjoying these updates smash that like button hit that red subscribe button and let's get right into it so looking at the markets as we know again if you follow the channel on a regular day-to-day basis I'm sure you guys are up to date as to what's happening with the broader Market the broader Market has been feeling a lot of love over the course of the last one week but as we are closing out this week going into Monday morning you're seeing some red across the board why are we seeing red um you know there hasn't been anything massive in terms of announcements go uh that could potentially be uh you know the core cause why we're seeing a little bit of retracement but in my opinion the reason as to why this is really happening is because of the fact that you know you are seeing uh the fomc meeting coming up literally days away you know it starts I think um Tuesday it's on the 17th and 18th and um you know Traders speaking about Traders people uh that understand you know a magnitude uh that these kinds of announcements can have uh and of course you know there is still a chance that maybe maybe maybe you know they might not uh do the rate cut at this meeting and just delay it um and you know people that don't want their profits that they've been making over the course of the last one week wiped out are actually locking some of these profits in so we need to keep uh that factor in mind as well but as we know you know the next few days are very very important but we're going to get into this update before we do that let's take a closer look and see what is happening with the price so the price is currency to get 57.3 cents down 2.8% over the past 24 hours in USD comparative we're also down about 0.2% in Bitcoin comparative market cap at 33 I'm sorry 32.3 billion and the 24-hour trading volume has gone below a billion dollars coning at $890 million but let's take a closer look and see what is happening before we do that as always just a quick disclaimer anything on this channel is not Financial advice always do your own due diligence and research when you are investing in crypto so as we know the landscape has been changing and I really want to kind of go over this uh to really highlight what Japan uh and ripple connection really is and how this can actually cause other countries to you know feel more motivated to actually implement or have a partnership with ripple to start accepting that hey you know what we need to look into a new technology rather than you know outdated technology so you could see um you know Japanese Bank go digital with a ripple and we know about that transactions on xrpl Ledger are completed in seconds significantly faster than the lengthy processing times often experienced in traditional Banking and again like I said more and more Banks across the globe are going to start realizing at one point that hey you know what we might want to accept new technology Beyond speed Ripple boost um you know low transactions cost and an energy efficient model allowing Banks to streamline operations and reduce overhead the network scalability handling thousands of transactions per second ensure smooth operation during Peak demand one key example of this transformation is a partnership between SBI Holdings and ripple established in 2016 and I know a lot of people are going to come out and say some banks you know cancel this partnership back in I think 2020 there was one and I think even 2019 I don't know exactly what bank it was but remember the landscape of crypto um you know blockchain at that time was completely different compared to what it's at now the collaboration uh led to the formation of SBI Ripple Asia a joint venture specifically focused on leveraging Ripple's technology to improve crossb payments across the Asia Pacific region um and I'm speaking about you know landscape changing you could see stable coin is one of the most uh important thing that has been being talked about over the course of the last I would say 12 months and you know obviously RL USD is coming out and I think it's a really good strategic move from Ripple you know seeing the potential of stable coins now that you know you're seeing institutional interest coming in um you know there will come a time where they want to see a stable coin launching and look at what brics is doing right they're launching their own stable coin and obviously no one really knows with who they're doing this but really shows you that how much this landscape is changing and we're going to go over this article um that was by KPMG in Japan the director of financial services said this so you could see what to watch in um you know this is what they said so pretty much a number of jurisdictions in aspac region have been working on regulating crypto for some time major Hub like Japan Singapore and Hong Kong in particular have been working to balance Innovation and regulation in a way that you know protects investors right especially retail investors and how can they do that regulation having regulation and I indicated this in the last update that you're still seeing us uh quite behind you're seeing Europe far far ahead as well as of course Asia in terms of crypto adoption um of course you know the reason as to why you're seeing us kind of behind is of course you know the regulation aspect to it you know the process is quite lengthy it's not as easy uh as you know these other countries have it um so you know those are some factors we need to keep in mind but smoke goes over something very interesting regulated stable coins will be mainstream so mainstream meaning it's going to be very accessible people are going to be using masses are going to be using it so in 6 to 12 months this document focusing blockchain cryptocurrency development to look out for in the second half of 2024 highlights several key trends that support the mainstream adoption of regulated stable coins within the next 6 to 12 months this is how close we are the tokenization of real world assets signals an increasing integration of blockchain with traditional Finance Bridging the Gap between crypto and established systems as more digital currencies like cbdcs tokenized um you know deposits and regulated stable coins gain traction VAR utility will drive institutional and consumer confidence could not agree more Additionally the rising cryptocurrency valuation investments in blockchain based Solutions such as digital identity management create a more structured secure environment for stable coins to thrive and speaking about stable coins they're really important because let's look at it from an xrp L standpoint when you're sending money overseas uh you know xrp is a native token and it is fluctuating of course you know volatile and I think RL USD will kind of make it more uh you know obviously streamlined for a lot of these companies because maybe some companies just don't feel confident um you know sending xrp because of course you know it's volatile U but a lot of people in the crypto Community can be like you know xrp has been quite stable um which is obviously a joke going around um and because it's been stable you know due to the fact that not much interest right now in terms of retail but you know this will streamline and give a lot of people options to um you know choose from different currencies rather than just xrp itself but xrp is going to be a key component for The xrpl Ledger okay again it's a native token um and hence that's where you know the speculation portion comes into play but really goes to show how much crypto has changed and how much it is being adopted by um you know other countries um yeah I totally agree that you know stable coins will become more normal than they ever have and especially regulated stable coins you know the ones that have been regulated but anyhow let's take a look at what's happening so you know Bitcoin dominance broke towards a new yearly High not a surprise we've been talking about this day in day out we actually saw dominance going up to 58% Bitcoin on the other hand let's actually give it a refresh live to really understand what BTC is doing bitcoin's cing at $586 61 we obviously lost the support at 60k made our way down to $58,000 just a few hours ago as we are obviously going into Monday morning but I do believe you know obviously CME Futures are closed more manipulation than usual on the weekends but I think it's a huge Catalyst obviously due to um you know the Selden news event taking place and onar top of that whales trying to shake out the week hands obviously you know the people that have been leverage trading again you know if you're a viewer on my channel I strongly strongly suggest you guys to stay away from Leverage trading uh you know you will get burned out most of the time and I'm sure if you have been a follower from a long time you guys know how I am against leverage trading but anyhow if you're looking at xrp as well um obviously xrp is not going to be an exception when Bitcoin um you know has these drops so you know xrp didn't make its way down to 56% but you know we're trying to re claim back above this key resistance as soon as possible and speaking about reclaiming back above there we're not that far off guys that's just a percent move in order for the price to reclaim back above here I'm very confident we're going to start retesting um you know some of these uh July highs and going into the 78.6 and speaking about the next few days very very important um so you know we need to be prepared for um you know what happens but let me know down below what you guys think love each and every one of you guys we'll see you tomorrow in crypto ZX and peace out