- The company will have a native token, SOLO, on Sologenic’s DEX and other major global exchanges with a total supply of 400,000,000. make available
- The XRP/ USD pair hits strong at 0.9189 resistance, around a previously placed high of 0.9189. is expanded
- A spurt of selling could trigger a downtrend to the 0.8618 support, and a bearish crossover below that could set XRP / USD price towards 0.8176 and 0.7632. to lead
Ripple closed at $ 0.83492 after hitting a high of $ 0.84794 and a low of $ 0.81927. XRP / USD continued its rally and climbed for the second time in a row on Sunday amid new positive developments in the environment of Ripple’s ecosystem. XRP holders will receive $ 100 million SOLO tokens in an airdrop valued at an estimated $ 500 million, according to the announcement from Sologenic, a company based on the XRP ledger. In addition, Sologenic aims to bridge the gap between traditional financial markets and Cryptocurrencies close. It will be Blockchain-based project on the XRP ledger, as it offers high speeds, a high level of security and transparency. The company will make a native token, SOLO, available on Sologenic’s DEX and other major global exchanges with a total supply of 400,000,000 SOLO. This news sparked a positive sentiment in the XRP ecosystem since XRP-Owners will receive a gift of $ 500 million in January 2022. Meanwhile, cryptocurrency XRP was also popular as Tokyo’s largest fintech company, SBI Group, announced that it would allow general Japanese investors to buy cryptocurrencies through its newly launched crypto asset fund, which is made up of around seven different cryptocurrencies, including XRP. Unlike the Ripple tokens, the cryptos contained in the fund launched by the SBI Group are BTC, ETH, LTC, BCH, LINK and DOT being. This news also had a positive impact on XRP / USD, drove its prices higher over the weekend.
Daily technical level
Pivot point: 0.83404
Ripple technical outlook – XRP tests double top pattern again
The XRP / USD pair faces strong resistance at 0.9189, which is extended from a previously placed high of 0.9189. Over the 2 hour period, the SMA will likely ripple as prices rise towards the 0.9189 resistance level, and a cut through that level could drive another round to buy to 0.9880.
On the downside, a spurt of sales could trigger a downtrend to the 0.8618 support and a bearish crossover below that could trigger that XRP/ USD Course towards levels of 0.8176 and 0.7632. So let’s keep an eye on 0.8618 for a sell trade and vice versa. Much luck!
Source: Crypto News Deutsch