XRP, the token of Ripple, has been on a tear lately—just as evidenced by its recent climb to $1. Many analysts believe that XRP will soon break through this threshold and hit new heights.
The “xrp lawsuit update” is a news article that talks about the recent lawsuit against Ripple. The article also mentions how XRP tries to surpass the $1 threshold once more.
XRP fell earlier today but quickly found support around $0.90. Unfortunately, the rising trend was temporary as the cryptocurrency plummeted below the $0.90 support level.
XRP currently has a bearish bias. The indicators remain unfavorable and the recent inability to hold price above $1 gives little reason to believe that XRP will rise.
Ripple’s price is dropping.
The current price of XRP is $0.9832. That’s 1.19 percent less than its previous peak. At the time this article was written, the coin’s market cap is $46,451,355,760. It has a daily trading volume of $2195,203,488. The coin’s total, circulating, and maximum supply are 47.25 billion XRP, 99,990,075,944, and 100,000,000,000, respectively.
The bulls failed to keep XRP above $1, despite a valiant effort two days ago. For a single day, the price was barely above $1 before plummeting. The price of cryptocurrency has fallen to $0.89, with $1 the key resistance.
This is a clear indication that the bears are still in control of price action. XRP will not draw much market attention unless the bulls claim and maintain prices above $1.
Ripple’s price chart today is bearish. Further losses are possible after Ripple breaks through the $1 barrier earlier today. XRP will likely retest the $0.90 support next week.
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The “xrp news sec lawsuit” is a recent development in the cryptocurrency world. After struggling for weeks to break through $1, XRP tried again last night and succeeded.
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