XRP saw massive declines versus major counterparts including the EUR and the USD on Wednesday, falling back to the upper band of the daily Ichimoku cloud. These types of movements have been seen regularly since the Ripple started trading. Currently, XRP/EUR is supported by the thick Ichimoku cloud at 0.19, while the future cloud is turning bullish. The all-time support rests at the 0.14 level. XRP’s fall on Tuesday was despite receiving positive comments from some high-profile names in the financial circles, including former Fed Chair Ben Bernanke at Ripple's Swell conference in Toronto. With this, reaching the all-time high level of 0.35, which was the price of XRP versus EUR on its first day of trading, could take a bit longer than anticipated. Ripple’s XRP is the third-largest cryptocurrency by market cap after Bitcoin and Ethereum. However, its value against the EUR and USD has a long way to go before it can reach the other cryptocurrencies’ territory. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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