Ripple and XRP News
While Bitcoin Makes Gains, Ripple’s XRP is Stuck Below a Critical Resistance
Despite the market’s current upwards trend, XRP fails to surpass $0.49.
A Brief Market Overview
In a recent move, Bitcoin surpassed $21k for the first time since September 13th. Since then the premier cryptocurrency was continuously Jammed between $19k and $21k price mark. Bitcoin broke through $21k on October 29th, a few hours following Elon Musk’s Twitter deal announcement.
As we had indicated in one of our previous articles that the news of Elon’s eventual buyout will affect the market positively, it did come true. Currently trading at $20.7k, Bitcoin is up 6.8% 9ver the week. Since October 28th, the day the deal was announced, Bitcoin has seen a price gain of 2.2%.
Expectedly, Dogecoin has gained hugely in the meantime as the Meme token is currently up a whopping 105% in the week. The coin has seen such a gain because of Elon’s clear admiration for it, who likes to call himself Doge father.
XRP Price Analysis
In the meanwhile Ripple’s native XRP continues to be stuck below $0.49. Contrary to the expectation, XRP has emerged as one of the worst performing coins over the past couple 0f weeks. Particularly, in the past-7 days, while ETH, BTC, BNB, DOGE, ADA, and SOL have gone up by 6.8%, 20.6%, 20.3%, 104%, 13.7%, and 17.8%, respectively, XRP in the meantime, has only gained by 0.3%. This is despite the fact that Coin’s parent company Ripple is doing very well in the SEC lawsuit.
From the technical standpoint, XRP is trading below $0.460, it is near the 55 simple moving average (4-hours). Further, the MACD for XRP is now gaining momentum in the bearish zone as coin’s RSI (Relative Strength Index) currently stands below 50.
SEC Draws Criticism as it Responds to Ripple’s Letter of Supplemental Authority
Ripple Move 120 Million XRP Tokens Following a Recent Price Hike
Ripple Gets Support from the Former Critic Ryan Selkis, the CEO of Messari
UK Government Brings Greater Clarity to Crypto Industry with New Tax Forms
Bitcoin Beats All Odds: Surges Past $26,000 Despite Looming Banking Crisis
Recent Press Release
Involving Bitcoin For Online Health And Wellness
The continuous discussion of cryptocurrency in the world of Corporate Wellness is initiated with a unit to create awareness. Before...
The Primary Challenges Limiting Bitcoin Adoption
The first step to overcoming any challenge is understanding what is at the heart of the issue. Bitcoin has been...
Why Comparing Bitcoin Prices Saves You Money?
For anyone interested in investing in cryptocurrency, surely the thought of deciding which asset to purchase must be maddeningly hard....
Makler Game. Play the game and learn trading
We want to tell you about an interesting game that has appeared on the Internet and which will not only...
Bitcoin Trading: Advice and Methods for Novices
You could be questioning how to begin trading, whether you’re entirely new to the Crypto assets field or have a...