Tag: XRP price

Over the past 7 days, Ripple (XRP) broke out to a new yearly high on March 29 and could rise more in the near future.

Cryptory.net - The candlestick chart shows that XRP has printed the second-worst weekly candles since May and was down more than a third of its market value last week.

Cryptory.net - SEC won a lawsuit against a cryptocurrency project this week. The results have raised concerns about Ripple, which is also involved in a battle with the securities regulator.

Is there any gain or volatility in XRP price as Ripple’s battle with the U.S.Securities and Exchange Commission (SEC) continues?

Ripple is currently testing an Ethereum-compatible sidechain and a bridge that will connect the platform to the XRP Ledger mainnet.

Ripple has been going through a long-term downtrend for over 500 days. April 14, 2021, marked the last day the bulls dominated XRP and recorded a local high near $2. Since then, XRP price has dropped 80%. Recent attempts of the bulls to set up a new rally have failed.

Amid the bear market, XRP price has plunged below the key support level at $0,33 after a month of a sideways trend. This level has maintained the Ripple price since mid-2019.