• The price has been consolidating lately after it witnessed strong selling pressure.
  • If prices go below $0.48 mark then it will likely head towards $0.34 support level.

The widely utilized game platform Roblox has denied rumors that it plans to adopt XRP. Roblox’s admission comes after a number of news sources claimed yesterday that the gaming platform has “integrated” Ripple’s XRP as a payment via BitPay.

Even after the tweet was taken down, however, rumors continued to circulate, leading several to believe that Roblox was “integrating” XRP into its payment options.

The row started after payment processor BitPay tweeted that XRP could be used for purchases in supported games like Roblox and Xsolla. Even while BitPay promised to make further announcements on payment interfaces for gaming platforms, it eventually removed the tweet, stating it a mistake.

In several locations across the world, Ripple published a new job opening on October 16th for a senior manager of shareholder communications. The job posting was seen by numerous crypto investors as a hint that the company was getting ready to go public.

Consolidation Phase

At the time of writing, XRP is trading at $0.49, down 0.30% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 29.42%. The price has been consolidating lately after it witnessed strong selling pressure post facing severe resistance at $0.50 level. 

If the price manages to go past $0.50 level, then a fresh rally all the way till $0.52 is on the cards. Conversely, if the bears continue domination and drive the prices below $0.48 mark then it will likely head towards $0.42 support level. Further decline will likely result in price testing $0.34 level.