The cryptographic market is more or less shaken by the losses seen last week at due to recent downward trends. [X65:19659005] by Ripple are all back in the green, and it seems they could keep their trajectory upward.
Ripple's XRP stood firmly above the $ 0.30 threshold, but that does not prevent it from rising even further. The currency found support at $ 0.31 and suffered a break from the current resistance level of $ 0.32. The crypt is catching up and it seems like it could climb higher peaks.
The 100 EMA line indicates that XRP is currently in an uptrend while the MACD shows that the virtual currency is trading in the bullish zone. The digital asset has a significant trading range of $ 0.29 – $ 0.34. As of 2023 GMT, the currency had risen nearly 15% against the US dollar to trade at $ 0.34.
Ripple XRP Updates
- Joseph Lubin, co-founder of Ethereum , in a recent interview said he did not consider Ripple as a competitor because "it is not a blockchain technology". According to him, Ripple is a sort of payment system, and therefore can not be considered a direct competitor.
- Many in the XRP community are speculating that a list of Ripple's XRP on Binance could be on the cards. A photo of Binance CEO Changpeng Zhao and Ethan Beard, senior vice president of Ripple, was published by TechCrunch founder Michael Arrington on Twitter and sparked some serious speculation about a possible XRP list.
Bitcoin Cash [BCH] is recovering well, having spent much of the past week in a downtrend. The cryptographic support found at $ 534.2 and experience a break from the current resistance level, which can be found at $ 546.9. BCH is still on an upward trajectory and can be seen moving even higher.
See also: Ethereum's Vitalik Buterin wants to "enter a minimarket" and pay "using Bitcoin Cash"
The 100 EMA line, at the time of writing, showed that the currency was rising. The MACD indicated that the virtual currency was traded in bullish territory. BCH exhibited a significant trading range of $ 515- $ 568.3. Starting from 2044 GMT, the crypt had increased by 6.1% against the US dollar to trade at $ 558.39.
At the time of writing, the MACD showed that XLM was operating in the bullish zone . The 100 EMA line indicated that the crypto exhibited an uptrend. The currency was in a significant trading range of $ 0.21 – $ 0.24. As of 2058 GMT, XLM jumped 6.2% against the US dollar to trade at $ 0.23.