{"id":24588,"date":"2022-08-01T06:09:13","date_gmt":"2022-08-01T06:09:13","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24588"},"modified":"2022-08-01T06:09:13","modified_gmt":"2022-08-01T06:09:13","slug":"ripple-battles-the-sec-with-massive-cross-border-payment-growth","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24588","title":{"rendered":"Ripple battles the SEC with massive cross-border payment growth"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Ripple\u2019s cross-border payment platform witnessed massive growth year-on-year despite the ongoing legal battle with the SEC.\u00a0<\/strong><\/li>\n<li><strong>Ripple\u2019s On-Demand Liquidity related sales climbed to $2.12 billion in Q2 2022, signaling growth and adoption of the platform.\u00a0<\/strong><\/li>\n<li><strong>Analysts predict a 28% rally in Ripple price, anticipating a breakout from the current trend.<\/strong><\/li>\n<\/ul>\n<p>Ripple witnessed massive growth in <strong>On-Demand Liquidity <\/strong>related sales. Despite the ongoing legal battle with the SEC, the payment giant continued its expansion and partnerships. Analysts have revealed a <strong>bullish outlook on XRP.\u00a0<\/strong><\/p>\n<p><strong>Also read: <\/strong><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/sec-v-ripple-payment-giant-makes-strides-to-end-legal-battle-202207301601\" rel=\"noopener\">SEC v. Ripple: Payment giant makes strides to end legal battle<\/a><\/p>\n<h2 class=\"fxs_headline_medium\">Ripple ODL sales volume ramped up in Q2 2022<\/h2>\n<p>On-Demand Liquidity platform powered by <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/sec-v-ripple-battle-ensues-counsel-says-regulator-is-bullying-the-crypto-market-202207280743\" rel=\"noopener\">XRP<\/a> witnessed a massive growth in year-on-year volume despite the legal battle with the SEC. Based on data from the Q2 2022 report, the payment giant continued its expansion through partnerships.\u00a0<\/p>\n<p>The report reads:<\/p>\n<blockquote>\n<p>Customers continued to expand the use of ODL for use cases beyond traditional remittances or individual payments, with treasury flows and bulk payments accounting for more volume on the network.<\/p>\n<\/blockquote>\n<p><strong>Ripple\u2019s ODL platform<\/strong> related sales climbed to $2.12 billion, with purchases amounting for<strong> $1.717 billion and net sales worth $409 million<\/strong>. With global expansion and partnerships with fashion brands like Balmain, <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ripple\" rel=\"noopener\">Ripple<\/a> is making strides in its growth.\u00a0<\/p>\n<p>Ripple\u2019s recent partnership with FOMO Pay, a payment solution provider, helped the <strong>payment giant expand in Singapore<\/strong> and improve its cross-border treasury flows.\u00a0<\/p>\n<p>In response to macroeconomic cues and other developments in the world economy, <strong>XRP price and volume declined 22% QoQ.\u00a0<\/strong><\/p>\n<h3 class=\"fxs_headline_medium\">Analysts are bullish on XRP price\u00a0<\/h3>\n<p>Analysts evaluated the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/sec-v-ripple-battle-rages-as-regulation-by-enforcement-continues-202207240852\" rel=\"noopener\">XRP<\/a> price trend and revealed a bullish outlook. The asset is prepared to breakout of its trend and make a comeback with a 28% price rally. Anshuman Roy, a crypto analyst identified a potential golden cross\u00a0 and an ascending triangle pattern in XRP price chart.\u00a0<\/p>\n<p>The <strong>golden cross between\u00a0the 50 and\u00a0 200-day Moving Average <\/strong>could mark the beginning of an uptrend in <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ripple-officially-confirms-end-of-jed-mccalebs-xrp-dumping-spree-202207190635\" rel=\"noopener\">XRP.\u00a0<\/a><\/p>\n<p>Traders use <strong>ascending triangle patterns<\/strong> to identify a breakout in an asset. The pattern is created by price moves that allow for a horizontal line to be drawn along a rising trendline.<\/p>\n<p><img decoding=\"async\" alt=\"XRP-USD price chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/Screenshot 2022-08-01 at 10.50.12-637949301125872106.png\" style=\"width: 650px;height: 299px\" \/><\/p>\n<p><small>XRPUSD price chart\u00a0<\/small><\/p>\n<p>FXStreet analysts have marked key price targets in <strong>XRP price<\/strong> trend in the video below:<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"XRP price ready to retrace to stable support level as bulls fail for the fourth time\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/6j6ANxwSqN8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ripple-battles-the-sec-with-massive-cross-border-payment-growth-202208010559\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s cross-border payment platform witnessed massive growth year-on-year despite the ongoing legal battle with the SEC.\u00a0 Ripple\u2019s On-Demand Liquidity related sales climbed to $2.12 billion in Q2 2022, signaling growth and adoption of the platform.\u00a0 Analysts predict a 28% rally in Ripple price, anticipating a breakout from the current trend. Ripple witnessed massive growth in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[2512,5655,454,527,588,265,605],"class_list":["post-24588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-battles","tag-crossborder","tag-growth","tag-massive","tag-payment","tag-ripple","tag-sec"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/ripple_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24588"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24588\/revisions"}],"predecessor-version":[{"id":24589,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24588\/revisions\/24589"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/1226"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24588"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}