XRP breaches key resistance at $0.46501 as market remains stable
We haven’t seen a correction or sudden dip this week as the prices remain more or less stable. Usually, after a bullish weekend, the cryptocurrency market generally cools off early the following week, but that doesn’t seem to be happening here as Bitcoin has kept up its momentum driving the total market capitalization of the crypto industry higher as it still over $330 billion. Bitcoin has again made its way above $11,000 and at the time of print, the flag bearer of the crypto world is trading at $11,310, which is up by nearly 4 percent. It is the third time that Bitcoin has made its way above the $11,000 mark and has just hit a new high of $11,350. Daily volume is back over $20 billion and BTC market cap has just hit $200 billion as the train keeps chugging along nicely. The king of altcoins, Ethereum has made its way back above the $300 mark and at the time of print, the coin is trading at $312.62, up by nearly 1.40 percent. The third largest cryptocurrency in terms of market cap, Ripple’s XRP is changing hands at $0.468018 and the total market cap of the digital asset stands at $19.9 billion.
At the time of print, the third largest cryptocurrency in terms of market cap has resumed the upside movement after a temporary setback on Monday. XRP/USD surpassed the $0.50 mark for the first time since November 2018 during the weekend; however, the growth proved to be unsustainable so far. Currently, the coin has found support at $0.39500 and the coin is trading well above it. On Monday, XRP/USD dropped to $0.4460 on Monday; however, the price staged a recovery amid positive sentiments on the global cryptocurrency market and at the time of press, the coin is changing hands at $0.468018 and it is signal that the bulls have regained control and are now ready for the second offensive. The coin has breached the key resistance at $0.46501 and is changing hands at $0.46951. The hourly RSI indicator for the coin stands at 50.66 which suggests that the coin is neither in the overbought territory nor the oversold territory. The MACD shows that the coin is in the bullish zone and the 100 EMA line shows an uptrend.
At the time of print, the coin is down by nearly 3 percent and one XRP is equivalent to 0.00004138.
- Nasdaq has launched an XRP Liquid index [XRPLX] which will track real-time spot for the price of 1 XRP. The XRPLX is the newest addition to Brave New Coin’s suite of Liquid Indices Program.
- On April 17, Ripple’s blockchain incubator, Xpring announced that it will support yet another startup, Bolt Labs, which a company focused on improving security on the second-layer blockchain protocols such as the Lightning Network.