Ripple (XRP) traders’ sentiment turned positive on Friday, as CEO Brad Garlinghouse highlighted the addition of XRP-Dollar reference rate and indices to the CME Group and CF Benchmarks.
Ripple CEO appreciated the CME Group and CF Benchmarks for adding the XRP-Dollar reference rate and indices. Brad Garlinghouse says institutional crypto products have trusted benchmarks for reference rates, fuels positive sentiment among traders. XRP extends gains by 5% on Friday, trades at $0.4719. Ripple traders’ sentiment turned positive on Friday, as CEO Brad Garlinghouse highlighted the addition of XRP-Dollar reference rate and indices to the CME Group and CF Benchmarks.
As sentiment among XRP traders stays bullish, the altcoin could rally towards resistance at the psychological barrier at $0.50. At the time of writing, XRP trades at $0.4719. Further up, XRP could rally towards $0.5205, nearly 10% gains from the current level, as seen in the XRP/USDT daily chart. The Moving Average Convergence Divergence indicator shows a positive momentum of the Ripple price trend.
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