Ripple CTO David Schwartz speaks out on XRP price as well as XLM correlation
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
I have no idea what factors drive the price of XRP. The only real objective data point I have is that XRP tracks the price and market cap of XLM incredibly well over all time frames.The Ripple CTO went on to make a major observation:"The only real objective data point I have is that XRP tracks the price and market cap of XLM incredibly well over all time frames.
In the event of a downturn, XRP may target the daily SMA 200 at $0.551, while bears may attempt to strengthen their position further by dragging the XRP price below the $0.54 support. If they succeed, XRP may fall to $0.46, extending its range trading for some time.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
Dogecoin and Shiba Inu Might be on Track for Bullish September as RCO Finance Has All Chances to Rally
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CTO Drops Key XRP Ledger Insight: DetailsThis XRPL feature has remained subject of discussion within XRP community
Read more »
Ripple CTO Breaks Silence on Major XRP Ledger Misconception: DetailsSchwartz's statement debunks common misconception about nature of XRP Ledger
Read more »
Important Ripple (XRP) Clarification by CTO: Here’s What You Need to KnowCrypto Blog
Read more »
Ripple CTO slams users suggesting XRP giveaway, altcoin dips to $0.55Ripple (XRP) Chief Technical Officer (CTO) David Schwartz addressed concerns about token giveaways by the cross-border payment remittance firm.
Read more »
Massive 500 Million XRP Unlocked by Ripple as XRP Gains 5.56%Ripple giant has unloaded half billion XRP as price attempts to break out
Read more »
Ripple update: XRP struggles under key support, Ripple reveals stablecoin detailsRipple (XRP) added information on its stablecoin to its official website.
Read more »