The News Crypto -
- At the time of writing, XRP is trading at $0.6185, up 4.10% in the last 24 hours.
- If the price manages to go above $0.63 resistance level, then it will likely test the $0.65 mark.
XRP’s latest price spike highlights the willingness of its believers to buck the severe bearish momentum. Even while XRP has maintained a link with Bitcoin, its recent price movement, based on its prior performance, implies it is poised for independent progress.
In a daring move, leading crypto innovator DeFi Technologies has announced that its subsidiary Valour would introduce the XRP ETP to the European market in the next month. This action not only indicates an extensive range of product offerings but also reflects Europe’s growing interest of investing in cryptocurrencies.
With the upcoming XRP ETP, investors will have a simple and safe way to trade XRP, using their existing banking and brokerage accounts.
There has been a lot of whale activity in XRP as of late, and the data has recently been disclosed. The information shows that a huge XRP whale moved a lot of XRP to centralized exchanges via many separate transactions. On November 23rd, a total of 43.80 million XRP were sent to the cryptocurrency exchanges Bitstamp and Bitso from an anonymous wallet.
Bears Losing Grip
At the time of writing, XRP is trading at $0.6185, up 4.10% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 24.77%. Despite the recent brief uptick, XRP is down 3.99% in the last 7 days.
Source: CoinMarketCap
If the price manages to go above $0.63 resistance level, then it will likely test the $0.65 mark. However, if the bears intervene and drive the prices below $0.59 level, then the price will likely test $0.58 support level.
This article was originally published on thenewscrypto.com
