What are the Important Sequences for Ripple (XRP), Which Is Positively Dividing From The Market? XRP Analysis

Cryptocurrency market entered the last corner of January calmly after the enthusiasm last week. While most altcoins, especially BTC, are almost stagnant, Ripple’s native crypto XRP It has gained 5% in the last 24 hours.

In this article, we first Ripple (XRP) We will examine the latest state of the price, followed by an interesting event that occurred on the XRP network today.

XRP Starts Week With Rising

Ripple’s native token XRP has been able to maintain the support area we have indicated in green from July to 2023.

XRP is trying to surpass the intermediate resistance level of 0.43, with the rise seen in the general market since the beginning of the year. If the bulls carry the price above this figure, the bears’ next defensive area is at $0.55.

While talking backstage, especially when the Ripple case was coming to an end, Ripple CEO Garlinghouse said that he was extremely hopeful about the outcome of the case. A positive news from the case will make the XRP price rise seriously.

If the case is concluded in favor of XRP, it is the common opinion of many analysts that XRP can quickly move to the $ 1 limit. However, if the opposite decision comes, serious decreases can be seen.

Empty NFT Purchased on Ripple Network!

WietseWind, one of the developers of XRPL (Ripple Ledger), shared an interesting event that happened to him today with his followers.

Developer under testing NFT created an empty non-tradable token to test its tools. WietseWind announced that someone else bought its NFT as soon as testing started on the network.

Who bought the blank NFT still remains a mystery. The buyer paid about $5.5 for the digital artwork.

Although this event may seem like a funny event, in essence, it may be a PR effort for NFTs to be used in the XRP network to be heard more.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!

source site-5