- Crypto exchange Bitstamp has tweeted a short video clip with the caption “Tomorrow” and XRP-related hashtags.
- Some members of the XRP community have made guesses about what the announcement could be.
Luxembourg-based cryptocurrency exchange Bitstamp has dropped a teaser concerning plans to drop a major XRP announcement today. On August 2, this exchange posted a tweet with the caption “tomorrow” and added XRP-related hashtags which include XRP Ledger (XRPL).
The tweet contains a short video clip that hints that it is about to take XRP to the next level. One interesting scene in the video was an XRP rocket moving upward. Per analysis, the “so-called” announcement could likely set the asset up for a price surge.
However, it failed to disclose the development that should be expected by the XRP community today. This has created a situation for users to make guesses.
In the comment section, Panos, the founder of Digital Generation Finance suspected that Bitstamp is probably planning to announce a full integration of XRPL. He made another guess that the exchange may announce that DEX has been connected to order books.
Full XRPL integration, DEX connected to your order book and with on/off fiat ramps with a focus payment?
Bitrue Ambassador XRPcryptowolf who is also an XRP enthusiast guessed that the exchange is integrating XRPL into its platform. Another user identified as “wEeZiE” stated that Bitstamp has operated as the gateway to facilitate access to the Ripple network.
Ripple (XRP) Has a Deep Relationship with Bitstamp
According to “wEeZiE”, Bitstamp’s teaser may be related to Ripple’s minority stake acquisition in Bitstamp.
Bitstamp has served as the gateway for facilitating access to the #RippleNet Network Ripple president Monica Long said the company’s recent stake acquisition in European crypto exchange. Bitstamp will help further grow the company’s international presence and diversification beyond payments. Related? We’ll find out tomorrow.
Bitstamp is known for having a partnership with Ripple by acting as a gateway for the blockchain company. It has been granting clients entry into RippleNet as a partner for Ripple’s On-Demand Liquidity (ODL). As previously reported, Ripple and other whales have been moving a huge amount of XRP to and from Bitstamp for ODL-related purposes.
It was reported that two whales had moved around 100 million XRP ($51 million as of that time) to Bitstamp and Binance. This was done before the company unlocked 1 billion tokens for June. On May 31 at 20:33 (UTC), it was observed that 23.5 million XRP ($12.24 million as of that time) had been moved from an unknown wallet to Bitstamp.
The XRP price has failed to react positively in anticipation of this announcement as the asset makes a 4.4 percent fall in the last 24 hours to trade at $0.665672. In the last seven days, XRP has declined by 7 percent. Its 30-day gain has been reduced to 36 percent after staging a considerable surge to hit $0.93. Currently, XRP has a resistance level of $0.720238 and a support level of $0.635693.
According to some analysts, the maximum it can go this year is $1.20. However, Wells Fargo Treasury Manager Shannon Throp believes that the asset may trade between $100 and $500 in just seven months.
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