Ripple's price has experienced a notable downturn owing to the recent rapid drop in Bitcoin's value. However, amidst this scenario, a glimmer of hope
Ripple’s price has experienced a notable downturn owing to the recent rapid drop in Bitcoin’s value. However, amidst this scenario, a glimmer of hope emerges for a potential short-term interruption in the prevailing downtrend.
However, upon reaching the significant support level at approximately $0.42, the price encountered noteworthy support, leading to a rebound that immediately propelled it above the 200-day moving average. Notably, the price is currently confined within a narrow range delineated by the 100-day and 200-day moving averages. A breakout from this range could potentially serve as an indicator of Ripple’s imminent trajectory. This breakout might signify either a corrective phase before a continuation of the downtrend or a reversal targeting the resistance level at $0.85.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Whales Accumulating Billions of Tokens as XRP Price Surges GreenBillions of XRP on move as big players are secretly accumulating
Read more »
Ripple (XRP) Crashes 16% Weekly But Are Things About to Change?Is Ripple's XRP about to drammatically change its direction?
Read more »
Ripple Lawsuit: Here's Why Clayton and Hinman Played Unfairly With XRPNew expose shared on possible reasons why XRP was tagged a security and Ethereum was not
Read more »
Ripple CTO Ends Speculation on XRP Ledger's Bitcoin SemblanceXRP Ledger began in 2011 as copy of Bitcoin core, but here's where things currently stand
Read more »
Full XRP Support and Reserves Confirmed by Major Platform's CEOUphold CEO Simon McLoughlin voices strong support for XRP amid recent price drop
Read more »