Ripple’s XRP planning to compete with IOTA with a new projectRipple Price Analysis – XRP breaks the resistance level
The use case of cryptocurrencies like XRP or IOTA is not limited to a substitute for payment or Fiat money. They also have broad application potentials in practice. IOTA is considered as the cryptocurrency for machines, which allows independent payments between several electronic devices. In the same light, the Ripple community has also created a new project which is causing a stir in the crypto sphere.
Alloy Networks and Zaphod Standard Hub have recently announced the release of a comprehensive independent electrical relay board that can be powered on and off using Ripple’s native token XRP. According to the official statement from the project’s founder, the relay has an XRP token display that indicates the current account balance of the amount of XRP received.
The product has a simpler user interface, which makes it easy for anyone to configure and set up, without prior technical knowledge. The relay board has an XRP receive an address to which money must be sent. Once the money has been received, the device turns off automatically. Every board has its DT or X address and can be run individually. The company released a demo video on how the relay board works.
Though, the variety of applications accessible is not restricted to simple tasks like powering electronic devices on or off. It should also be able to run commercial vending machines. Also, Alloy Networks plans to include additional features and functions to the board, such as the automatic collection and forwarding of donations. This function will allow international donations to be collected directly to finance utilities and forwarded to the designated agencies.
Alloy Network is an Estonian company and a division of Titanium OÜ. The company is involved in several future-oriented disciplines and put in efforts to aid the adaptation of cryptocurrency via innovations.
Ripple Price Analysis – XRP breaks the resistance level
XRP finally broke resistance towards the upside of the previous trading zone as it pushed above the $0.20 level this week. The coin then increased by a total of 24% to attain the resistance at the 100-days EMA at around $0.2345. From this zone, XRP declined back to the $0.20 level where it found support.
XRP (XRP) Price Today – XRP / USD
If traders can allow XRP to pull higher from the $0.20 support level, the first level of resistance is sited at $0.212. if the nulls continue to break above $0.22, a high resistance is at $0.228 and $0.2345. above this, resistance is sited at $0.24 and $0.251. otherwise, if the traders drive XRP below $0.20, support lies at $0.195, $0.185 and $0.0181.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.