- The price exhibited a sign of resurgence as the price sustained on a pivotal level
- XRP asset is exhibiting bullish momentum, the RSI is rising steadily and MACD illustrates a bullish cross.
The XRP Ledger (XRPL) is a decentralized, open-source, and permissionless technology that was started in 2021.
It has multiple edges, such as its low cost ($0.0002 per transaction), speed (3-5 seconds to settle transactions), scalability (1,500 transactions per second), and green elements(energy-efficient and carbon-neutral).
The XRP Ledger also has the first decentralized exchange (DEX) and custom token creation functions integrated into the protocol. The XRP Ledger has been running reliably since 2012, closing 70 million ledgers.
The XRP Ledger permits various applications and use cases associated with payments, such as micropayments, DeFi, and soon, NFTs.
The XRPL was deployed in 2012 and offers enterprises and developers using Python, Java and JavaScript powerful flexibility and utility.
On the XRP website, developers can find distinct tutorials to help them learn how to use different programming languages, build apps, manage accounts and more.
The developers of the XRP Ledger utilized its native coin XRP to draw out solutions that will help in solving inefficiencies, including remittance and asset tokenization.
Ripple Chart on Daily Time Frame Shows Bullish Price Action
The XRP crypto is showing a 0.06% surge in the last 24 hours and was trading at $0.6239 at press time. Since then, the XRP crypto has exhibited a sign of resurgence as the price sustained a pivotal level of around $0.60 on the chart.
XRP crypto is on the verge of a stunning breakout as it gathers momentum to shatter the ceiling and fly higher and higher from the current base zone. If the demand for the remains high, the XRP asset price could bounce back from the current level. The next goal for the price is to reach $0.70.
The XRP asset has displayed good performance in the previous quarter by 21.02% signifying a strong upward force.
The XRP asset is rising steadily and strongly as it remains above major EMAs, indicating bullish strength. The XRP asset indicates bullish momentum and the RSI is increasing steadily, implying that the asset is not losing steam and is likely to continue to climb.
However, if the XRP crypto price fails to exceed $0.60 level, it could decline further.
Summary
The XRP asset has displayed good performance in the previous quarter by 21.02% signifying a strong upward force and overall price action is bullish. That the price sustained on a pivotal level of around $0.60 confirms this bullish outlook.
Ripple price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The RSI and EMAs suggest a bullish outlook regarding the XRP price.
Technical Levels
Support Levels: $0.60
Resistance Levels: $0.70
Disclaimer
In this article, the views, and opinions asserted by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of economic loss.