<ul>
 <li><strong>At the time of writing, XRP is trading at $0.6061, down 0.84% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go below $0.60 level, then it will likely test $0.58 support level.</strong></li>
</ul>
<p>In response to claims that <a href="https://thenewscrypto.com/upcoming-closed-door-sec-meeting-stokes-speculation-on-ripple-settlement/" rel="noopener noreferrer nofollow">Ripple’s</a> monthly escrow XRP release dampened the cryptocurrency’s price performance over the last five years, legal expert Bill Morgan has cast doubt on that assertion.&nbsp;</p>
<p>The ongoing discussion about XRP’s dismal performance over the last five years came to a head when a crypto fan shared a comparison of XRP’s pricing in 2018 with other notable competition. According to the statistics, XRP was trading at about $0.5 in November 2018. At the recent price of about $0.6021, XRP has only increased in value by 20% over the last five years.&nbsp;</p>
<p>The cryptocurrency market has taken notice of XRP due to recent events and an uptick in whale behavior. One whale sent more than 46 million XRP to centralized exchanges, according to on-chain statistics.</p>
<p>The Australian Trade &amp; Logistics Corporation recently hosted a Ripple Payment Roadshow in Melbourne, where Fiona Murray, VP of Sales in APAC for Ripple, revealed some shocking information. In order to facilitate cross-border transactions, Ripple has collaborated with more than 500 firms that use XRP as a bridge currency.</p>
<h3 class="wp-block-heading" id="h-bears-in-control">Bears in Control</h3>
<p>At the time of writing, <a href="https://thenewscrypto.com/xrp-experiences-bearish-momentum-following-a-brief-surge-to-0-63/" rel="noopener noreferrer nofollow">XRP</a> is trading at $0.6061, down 0.84% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 1.62%. The price yet again failed to clear above the $0.63 mark on November 26.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/11/XRP_7D_graph_coinmarketcap-7.png" alt="" class="wp-image-86684" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/XRP_7D_graph_coinmarketcap-7.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/11/XRP_7D_graph_coinmarketcap-7-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the XRP price manages to go above $0.62 level, then it will likely retest the $0.63 resistance level. On the other hand, if the price manages to go below $0.60 level, then it will likely test $0.58 support level.</p>

XRP Price Continues to Trade in Red as Bears Continue Domination

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 30 thg 11, 2023

What Are The Next Big Cryptos? Best Altcoins That Could Make You Rich In 2024 – It’s Time To Invest!

Crypto Prices Today: BTC, IOTA Lead Market Gains With Pepe Coin Declining

AI Portrait Generators: Next-Gen Technology for Art and Photography

Water Scarcity is a Big Challenge Overlooked by Bitcoin Miners

29 Thousand Bitcoin and 230 Thousand Ethereum Options Will Expire Tomorrow! What Does It Mean for...

ProShares Bitcoin ETF Hits $1.47B Triggering Investors Interest In Bitcoin

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!