[ad_1]
Ripple investors (XRP) were recently discouraged after seeing Bitcoin and many other crypto-currencies rise, while the XRP remained caught in a slump of side transactions in the bottom 0.30 dollars.
Today, however, XRP has finally been able to break through this seemingly indelible trading range and is now in the region of $ 0.40 after jumping more than 20%.
Ripple (XRP) of 20% to new highs since the beginning of the year
At the time of writing, Ripple (XRP) is trading up more than 22% at its current price of $ 0.40, a significant increase from its daily low of $ 0.32.
Prior to today's wave, XRP was significantly underperforming all cryptography markets as it remained stuck between $ 0.30 and $ 0.34, which was difficult to overcome despite adverse winds created by soaring Bitcoin prices. a lot of cryptos to show decent earnings.
Regardless of the poor performance of XRP in recent months, crypto – currency suffered yesterday a massive influx of buying pressure, which immediately pushed it to new heights since the beginning of the year. year in the region where the price is less than $ 0.40, where it has encountered some resistance levels. which proved difficult to break on.
XRP is currently the largest performing cryptocurrency and is booming at a time when many altcoins are falling slightly, with bitcoin appearing to face increasing resistance at the $ 8,000 level.
At the time of writing, Bitcoin Cash is trading down 2.3%, Litecoin down 0.6% and Ethereum up more than 3%.
Influx of positive information feeds XRP's surge
A recent influx of new bullets around Ripple may have fueled the flames that fueled its recent rise.
Coinbase's recent announcement that New York-based traders are now allowed to buy XRP on the stock exchange platform is a recent news story that has come close to the pump, which has been seen as a bullish development by many investors.
"The XRP (XRP) is now available to New York-based users of Coinbase. New Yorkers can now login to buy, sell, convert, send, receive or store XRP on Coinbase.com or using our iOS and Android apps, "said the exchange in a recent tweet.
XRP (XRP) is now available to New York-based users of Coinbase. New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP files at https://t.co/bCG11KMQ6s or by using our iOS and Android apps.https: //t.co/ 5VE1WklrWo pic.twitter.com/Zp5odgaoHs
– Coinbase (@coinbase) May 13, 2019
In addition, this announcement also led some investors to think that it was an imminent sign of institutional adoption of the fact that Wall Street would be located in New York, although this is highly speculative and that it is impossible to say for the moment whether these theories are valid or not. any influence.
At the present time, it is not clear whether the XRP will be able to gain a solid base in the region of $ 0.40, or if this recent pump will be ephemeral and a fall in the low of $ 0.30 is imminent.
Selected image of Shutterstock.
[ad_2]
Source link