XRP races against the clock to beat its Q1 performance as...
Traders opened more long positions and bulls might need to counteract emerging sell orders.might be on the verge of outclassing the records of the said period. However, this would depend on the project’s ability to sustain the momentum around a number of on-chain activities.For a start, XRP’s active addresses in Q1 mostly hovered around 600,000, and 750,000 in the first quarter. However, as the last month of Q1 approached its end, there was a massive spike in the metric.
at 1.34 million. But it would take a solid resolve to ensure that the metric trends higher for Q2 to eclipse the strides of Q1.began rising towards the end of March and the beginning of April. At press time, the number had gone as high as 2601.This data suggests that activity on the ledger had improved from transaction volume to wallet distribution and available liquidity.
However, XRP’s price might be a hindrance to the overall outperformance as Q2 nears its end. Recall that XRP’s price ended Q1 on a high note, with its price above $0.5.While Q2 brought glimmers of hope and several spikes, the 90-day performance remained at a 7.41% hike. But on the four-hour chart, theThis has left XRP in consolidation over the last few days. If XRP was to end June better, then bulls might need to control the price around the same sell region.
Furthermore, the token might also need to clear out the negative momentum displayed by the Awesome Oscillator . At press time, the AO was -0.0019. This negative value implies that the slow-moving average was greater than the fast-moving average. Hence, this puts bears in temporary control.
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.
BTC vs XRP: Examining the correlation and clash of opinionsA conversation erupted about the XRP's dependence on Bitcoin. Some of these overlooked data shed light on the matter.
Read more »
Toronto election: A look back at some of the closest races in recent historyCurrent mayoral candidates Jennifer McKelvie and Brad Bradford both eked out council wins in 2018. Here are some other tight races in Toronto.
Read more »
Opinion: Under François Legault, Quebec’s Catholic past is front and centre againGod help the Quebeckers who don’t fit their Premier’s plan for secularism and national identity
Read more »
Carleton Place hospital emergency department again closing overnightThe move comes less than three weeks after its last temporary closure.
Read more »
Carleton Place hospital emergency department again closing overnight Friday and SaturdayThe move comes less than three weeks after its most recent temporary shutdown.
Read more »
Highway 4 opens again to single-lane alternating trafficAfter a 17 day disruption due to a wildfire above Hwy 4 at Cameron Lake the main route to the west coast reopened a day early Friday
Read more »