#CryptoMarketDip

LINK Reaction Remains Subdued Despite Ripple’s Chainlink Integration

LINK Price Drops 10% in 24 Hours Despite Ripple’s Integration of Chainlink into RLUSD Stablecoin Trading.

A 28% Drop in Trading Volume and -56.61% in DAA Divergence Highlight Low Demand and Bearish Sentiment.

LINK Price Dropped 10% in the Last 24 Hours, Mirroring the Broader Crypto Market’s Decline. This Price Drop Comes After Ripple’s Integration with Chainlink to Help Bring Its New RLUSD Stablecoin On-Chain.

At Press Time, LINK is Trading at $20.77. Its Technical and On-Chain Setup Confirms Further Declines, and This Analysis Shows How.

Chainlink Faces Double-digit Percentage Drop as Negative Sentiment Escalates

Cryptocurrency payment service provider Ripple confirmed its partnership with Chainlink on Tuesday. The collaboration aims to provide secure and accurate price data for RLUSD transactions on Ethereum and the XRP ledger.

However, the news of this merger failed to have a positive impact on the price of LINK. In the past 24 hours, its value has decreased by 10%.

Moreover, the double-digit price decline of LINK was accompanied by an increase in its trading volume, creating a negative divergence. In the past 24 hours, the token’s trading volume reached $1.06 billion, an increase of 28%.