Tanya Abrosimova
Independent Analyst
- Ripple donates tokens to the charitable organization that supports public schools in the US.
- XRP/USD stays below $0.60, with no technical improvement.
Bearish sentiments subsided on approach to the lowest level of 2018, but Ripple bulls are nowhere to be seen yet, as cryptocurrency market stays within the long-term bearish trend.
Ripple gives money to US schools
Ripple donated 29M XRP tokens to DonorsChoose, a non-profit organization that supports the US public schools by attracting financing for classroom projects. The company was founded in 2000 and financed over 1 million projects since that time, according to the information, published on the official website.
"Our generous friends at Ripple kicked things off by funding all classroom requests on the site. As new requests roll in, give below to make sure teachers in every community have the resources they need," the message on DonorsChoose website reads.
The donation is worth over $16.5 million at the current XRP/USD exchange rate, which is rather generous.
Ripple price technical picture
XRP/USD dropped to a new low at $0.5516 during early Asian hours, moving away from $0.60 handle. The market sentiments remain bearish due to general crypto sell-off. On the upside, the sustained move above $0.60 might trigger fresh buying interest with the next target at $0.62. The downside is limited by $0.5377 (this year low), which is followed by $0.50.
XRP/USD, the daily chart
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