Ripple bulls have finally left the ‘crypt’ after a few days of being pivotal at $0.3000 but mainly staying below this vital level. At present, the price is exchanging hands at $0.3041 while battling with the resistance at the 50 SMA. Support had been established at $0.2900 following the low that was formed at $0.2827.
The impressive 3% rise is directly linked to the news that Nasdaq was adding XRP index to its Global Data Service. The support of XRP brings the number of supported cryptocurrencies to three, with the other two being Bitcoin and Ethereum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.