XRP trade ideas
XRP surprises with a good news, doesn't it?While BTC is scaring us with a falling market cap, finally we have some good news from Coincheck . As it continues to get back its ten months position after it suffered a crippling breach that cost the exchange over half a billion dollars.
According to the news from 27th of September, According to a press release sent out today, Coincheck will be resuming trading services for both XRP and Factom (FCT). What does it mean for us? That the exchange is now fully operational and making all of its previous trading pairs once again available to the public.
XRP did not suffer so much as for example it happened with BTC or ETH. And we already can observe that XRP is strengthening its position. Now there is a +2,95% growth of XRP price towards USD.
So there is a chance that next 24 hours we can see the growth of 2-3% range with such a news released.
TOTAL BREAK DOWN...XRP has broken down after the stagnation for a long time in the face of major crypto sell-off that saw almost all the coins falling off the cliff. XRP/USD is down nearly 8 percent on the day at $0.346, after hitting as low as $0.3315.
XRP has been a relative outperformer in this recent sell-off and bulls have been able to hold on to in the face of this massive crash. To take an example of Bitcoin, which has fallen 42 percent from this month, compared to 24 percent in XRP.
XRP was trading at $0.40986 by 21:06 (02:06 GMT) on the Investing.com Index on Friday, down 11.15% on the day. It was the largest one-day percentage loss since October 11.
The move down pushed XRP's market cap down to $16.71906B, or 12.09% of the total cryptocurrency market cap. Highest point for XRP's market cap was $79.53400B.
During this week, XRP has seen a drop in value, as it lost 12.72%.
At its current price, XRP is still down 87.54% from its all-time high of $3.29 on January 4.
To sum up, During previous 24 hours. XRP had traded in a range of $0.40986 to $0.43275 , which is leading to the sad conclusion, that it will continue to fall or stay in this range during next 24 hours.
