XRP loses steam at $0.40 as bears approach crypto market
XRP is on a bearish streak as the crypto market seems to be losing its bullish momentum. Most coins are recording minor losses and are struggling to trade in the bullish zone. As the crypto market is signaling the approach of bearish momentum, XRP and Bitcoin SV have already begun to trade in red among major cryptocurrencies with other digital assets catching up.
The cryptocurrency is sailing towards the bearish zone. The cryptocurrency started tumbling on the onset of a massive seller pressure when the prices touched $0.39. resistance at $0.39 caused the prices to fall without finding support. The coin can now be seen approaching $0.36. Currently, the virtual asset has found support at $0.37. The bear pressure might cause further losses for the coin. The next support level for the altcoin is found at $0.35. RSI is indicating an increasing seller pressure for the crypto asset. The coin is currently trading at $0.37 and is falling against USD by 3.58%.
The virtual asset is falling against Bitcoin [BTC] at the rate of 0.26%. At the time of writing, one XRP is equal to around 0.00009 BTC.
Ripple Latest Updates
- Reportedly, Ripple has gained 12 new partners including Bittrex and Bitstamp. These companies have decided to use xRapid to solve cross-border transaction problems. xRapid integrations are being increasingly adopted by major players in the industry. The xRapid solution promises almost instant international cross-border transfers. Cuallix and Mercury FX have already implemented xRapid for cross-border transactions.
- A whale alert posted on Twitter notified the XRP community about a crypto whale which moved over a billion XRP to the Ripple OTC distribution wallet. The transaction which took place on January 1 saw XRP worth over $300 million being transferred from an unknown wallet. The transaction fee was noted to be a meager 0.005 XRP.
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