XRP showing mild price drawdown amid sustained market slump
to conform with the broader market trend after dropping by more than 1.2% in the past 24 hours to $0.4986. While XRP bears appear to be in charge at the moment, the digital currency is not losing sight of its core goal, which is to retest the psychologically important resistance level at $1.With this ambitious goal, there are a lot of factors that must be put in place to hit this historic milestone, all of which are embodied in how the legal battle between Ripple Labs Inc.
This verdict ushered in a whole new era of confidence on the part of the XRP community, who went on a massive accumulation spree, which helped push the price of the coin toward the $0.75 range. Though the coin has most of its accumulated gains after this XRP ruling, the resurgence recorded at the time has showcased how much of a sleeping giant the coin has been all these years.To return to its year-to-date high above $0.75, XRP bulls need to show a decisive buy-up of the digital currency, irrespective of the current unfavorable market slump. With the digital currency now
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.
XRP: Xahau Initial Distribution Allocates 600 Million XRP, Here's What to KnowXahau's smart contract sidechain represents significant milestone in XRPL evolution
Read more »
Is XRP's Next Surge Dependent on Market Trend?XRP's growth is slowing significantly, but can broader market fuel its rally in near term?
Read more »
New XRP Growth Fuel Here, Here's How Long It May RiseCrypto Market Review: Thanks to positive outcome in Grayscale case, market believes recovery is around corner
Read more »
Beige Book: Economic growth was modest during July and August, job growth was subduedAccording to Federal Reserve’s Beige Book, economic growth was modest during July and August. It added that job growth was subdued. “Most Districts re
Read more »
Millions of XRP Exit Major Exchange Binance: Whale Story UnveiledMillions of dollars worth of XRP transferred from Binance, prepare for price ripple?
Read more »
Top 3 price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, XRP test crucial support levelsBitcoin (BTC) price is trading without directional bias, just sliding horizontally after the late August dip. With it, Ethereum (ETH) and Ripple (XRP)
Read more »