The price of XRP rose 5% to $0.49 before the FOMC on June 12, but these gains were reversed following the main FOMC announcement. On the other hand, Bitcoin price is at a critical support level and this level has been tested several times before. However, if the support level is broken, Bitcoin price may drop to $57,000.
Latest Situation in the XRP Market
The price of XRP has fluctuated over the last two months. XRP, which reached high levels during a short rally in the February-March period, could not return to these levels and is currently fluctuating between $0.55 and $0.47. XRP's price movements are trending below the 50-day and 200-day simple moving averages, which is considered a negative indicator for the asset.
However, the weekly long-term chart of XRP shows that the asset is in an overall bullish trend. This long-term perspective can provide a clear trend free of short-term noise. The price of XRP has been testing lows for the last 728 days. There are two main support zones that the asset could sustain in a bearish scenario: the $0.45 and $0.43 levels.
Ripple and Important Developments
Ripple is a pioneer in banks' adoption of blockchain technology. However, the price of XRP has been under pressure for a long time and has remained stable, especially since the legal process between Ripple and the SEC began. Ripple Labs and XRP developers continue to make advances in technology and collaboration.
Recently, Ripple collaborated with Archax to integrate hundreds of millions of dollars worth of real-world assets into the XRP Ledger (XRPL) network. These steps are considered promising for the future potential of XRP.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
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So who will benefit?
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I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
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You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
