XRP Price Analysis: XRP Price Regains $0.51, Is $1 Imminent In 2023?
The post XRP Price Analysis: XRP Price Regains $0.51, Is $1 Imminent In 2023? appeared on BitcoinEthereumNews.com. The post XRP Price Analysis: XRP Price Regains $0.51, Is $1 Imminent In 2023? appeared first on Coinpedia Fintech News The crypto industry continues gaining momentum as it records a green day for the 7th consecutive day, making it the longest positive run for the crypto market in almost two months. Bitcoin price has gained over 10% in value within a week. XRP price, on the other hand, recorded the single most significant gain in its value yesterday in over two months, suggesting a massive price action soon. The Ripple price was seen trading close to its multi-line resistance and support zone at $0.5050 till the end of September. Since the start of October, the price has displayed massive fluctuations in its charts as the market has started to move. TradingView: XRP/USDT The Ripple’s XRP token experienced a slight dip in value, after which the coin broke out of multiple resistance levels at $0.5233 and $0.5337 but was rejected at $0.5488. After that, the Ripple token lost momentum and leveled its gains. The bulls failed to hold the price, resulting in the price continuing to lose value and breaking down its key support zone at $0.5033. The XRP price traded in a closed range between $0.4913 and $0.5033 for a short period, following which the price experienced another dip, broke down the support level and started trading with $0.4810 as its crucial support level. Why Did XRP Price Pump Yesterday? The price was seen hovering within range for almost two weeks until yesterday when the news broke out that the SEC had dropped charges against the top two executives of Ripple Labs, resulting in another defeat for the SEC. Following the news, the XRP price experienced a jump of 4% in value within hours. Further, Brad Garlinghouse confirmed on the…
The post XRP Price Analysis: XRP Price Regains $0.51, Is $1 Imminent In 2023? appeared on BitcoinEthereumNews.com.
The post XRP Price Analysis: XRP Price Regains $0.51, Is $1 Imminent In 2023? appeared first on Coinpedia Fintech News The crypto industry continues gaining momentum as it records a green day for the 7th consecutive day, making it the longest positive run for the crypto market in almost two months. Bitcoin price has gained over 10% in value within a week. XRP price, on the other hand, recorded the single most significant gain in its value yesterday in over two months, suggesting a massive price action soon. The Ripple price was seen trading close to its multi-line resistance and support zone at $0.5050 till the end of September. Since the start of October, the price has displayed massive fluctuations in its charts as the market has started to move. TradingView: XRP/USDT The Ripple’s XRP token experienced a slight dip in value, after which the coin broke out of multiple resistance levels at $0.5233 and $0.5337 but was rejected at $0.5488. After that, the Ripple token lost momentum and leveled its gains. The bulls failed to hold the price, resulting in the price continuing to lose value and breaking down its key support zone at $0.5033. The XRP price traded in a closed range between $0.4913 and $0.5033 for a short period, following which the price experienced another dip, broke down the support level and started trading with $0.4810 as its crucial support level. Why Did XRP Price Pump Yesterday? The price was seen hovering within range for almost two weeks until yesterday when the news broke out that the SEC had dropped charges against the top two executives of Ripple Labs, resulting in another defeat for the SEC. Following the news, the XRP price experienced a jump of 4% in value within hours. Further, Brad Garlinghouse confirmed on the…
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