XRP has inked mild gains following market recovery, flashes new target
1.12% gain to $0.4783 is a sign that the positive sentiment surrounding the digital currency is returning.While the cryptocurrency was not recently indicted as a security following the recent crackdown on Binance and Coinbase exchanges by the United States Securities and Exchange Commission , it has equally felt the brunt of the impact since the start of the month. Thus far in June, XRP has shed as much as 7.7%, and the coin dropped below the $0.5 support level.
In the short term, reclaiming the $0.5 price level remains its short-term target, a feat that can be achieved should the buying momentum be sustained. The overnight sell-off was so deep that the trading volume, per data from CoinMarketCap, is still pegged at a more than 44% deficit. For the resurgence to hit this new target, XRP must revert this negative trend.Despite the impact of broad regulatory crackdowns in the U.S.
XRP is a dominant factor in XRPL, whose innovation is showcasing a more promising future for smart contracts in the broader XRP ecosystem. XRP has been tipped as the potential biggest beneficiary should the
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY Price Analysis: Keeps uptrend intact despite overbought signals, nearby YTD highThe AUD/JPY continues its uptrend, though at a steady pace, as it remains above the Ichimoku Cloud, but technical oscillators, such as the Relative St
Read more »
Uniswap (UNI) up 4% as Crypto Bloodbath Widens, Here's WhySentiment surrounding introduced Uniswap V4 has helped sustain price uptrend
Read more »
XRP Breaks New Bullish Record, According to Recent ReportRecent analytics report shows that XRP is getting more attention from market than before
Read more »
Biggest Movers: XRP 9% Lower, as Price Falls From 10-Week High – Market Updates Bitcoin NewsXRP plunged by over 9% on Wednesday, as traders moved to secure profits following a recent ten-week high. Cardano also remained lower.
Read more »
Hinman Docs Leave XRP Investors DeflatedUnfortunately, $XRP is not gaining the expected traction on the market after the release of the Hinman docs, but what about $ADA?
Read more »
Why William Hinman’s Emails Matter to the XRP Army and the Crypto’s PriceYesterday, documents tied to former SEC director William Hinman, were released to the public, briefly sending the price of the XRP token up as optimism spread that Ripple would win their case with the SEC. davidzmorris explains what you need to know:
Read more »