XRP Price Fails To Capitalize on Recent Bullish Momentum
The post XRP Price Fails To Capitalize on Recent Bullish Momentum appeared on BitcoinEthereumNews.com. Editors News The price spiked all the way till $0.50 level post the recent false news incident. If the price breaks above $0.50, then it will likely rally all the way till the $0.52 resistance area. On October 16th, Ripple posted a new job listing for a senior manager of shareholder communications in numerous locations throughout the world. Many cryptocurrency investors saw the job listing as a sign that the business was preparing to go public. Moreover, the market activity on Tuesday shook up holders of XRP. A large holder of XRP (a “whale”) moved over 410 million XRP (worth around $201 million) to a different wallet. The impact of traders and investors reacting to the significant fake ETF approval announcement resulted in sales that might set off this action. BitPay, a well-known cryptocurrency payment service, has introduced a new connection that will let Xsolla players utilize XRP. The introduction of this update is a major step forward for the broad use of digital currencies, especially XRP in the gaming industry. Addition of XRP brings forth a significant push in already proactive use cases for the token. Bears in Control At the time of writing, XRP is trading at $0.4917, down 0.58% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 55.23%. The price spiked all the way till $0.50 post the recent false ETF news incident. However, the price could not maintain the momentum and dropped drastically. The price will likely test $0.489 support level. Breaching below this level will likely take the price all the way till $0.476 mark. However, if the price breaks above $0.50 resistance level, then it will likely rally all the way till $0.52 resistance area. Content writer by profession. A crypto lover and has passion for…
The post XRP Price Fails To Capitalize on Recent Bullish Momentum appeared on BitcoinEthereumNews.com.
Editors News The price spiked all the way till $0.50 level post the recent false news incident. If the price breaks above $0.50, then it will likely rally all the way till the $0.52 resistance area. On October 16th, Ripple posted a new job listing for a senior manager of shareholder communications in numerous locations throughout the world. Many cryptocurrency investors saw the job listing as a sign that the business was preparing to go public. Moreover, the market activity on Tuesday shook up holders of XRP. A large holder of XRP (a “whale”) moved over 410 million XRP (worth around $201 million) to a different wallet. The impact of traders and investors reacting to the significant fake ETF approval announcement resulted in sales that might set off this action. BitPay, a well-known cryptocurrency payment service, has introduced a new connection that will let Xsolla players utilize XRP. The introduction of this update is a major step forward for the broad use of digital currencies, especially XRP in the gaming industry. Addition of XRP brings forth a significant push in already proactive use cases for the token. Bears in Control At the time of writing, XRP is trading at $0.4917, down 0.58% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 55.23%. The price spiked all the way till $0.50 post the recent false ETF news incident. However, the price could not maintain the momentum and dropped drastically. The price will likely test $0.489 support level. Breaching below this level will likely take the price all the way till $0.476 mark. However, if the price breaks above $0.50 resistance level, then it will likely rally all the way till $0.52 resistance area. Content writer by profession. A crypto lover and has passion for…
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