Ripple’s XRP bull run linked to misconstrued Apple Pay speculation?

 
  • Some news wires attributing the XRP/USD bull run to some vague speculation.
  • XRP/USD price action has formed a bullish pennant pattern, subject to another break higher.

Image result for Ripple's XRP bull run wirex

Ripple’s XRP held decent gains in the latter stages of trading on Tuesday, up just shy of 7%. Big thanks to the bulls running through stubborn resistance at $0.5000, seeing stops triggered to the upside.

Handle with a pinch of salt, but some news wires appearing to mislead readers, with headlines of XRP and an ApplePay integration. Seemingly rumours sparking from a beyond vague Twitter exchange with crypto wallet provider, Wirex and another user. The user tweeted Wirex, asking “Does/Will it work with Apple Pay?” – in relation to Wirex notifying of pre-paid cards availability in the U.S. To which Wirex responded “We’re working on it!”  This somehow has created rumours of a soon potential integration of XRP and Applepay.

XRP/USD cooled from the session’s highs, printed at $0.5668, to then enter into a consolidation state of trading through the second part of the day. Price action has however formed a bullish pennant pattern, subject to another potential run higher. Near-term resistance $0.5350, support seen at $0.5280, as part of the pennant formation.

XRP/USD 60-minute chart

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