Ripple (XRP) made a comeback above key support at $0.50 after the recent correction in the crypto market.
Ripple traders shed their holdings at nearly $40 million loss in the crypto market crash on Monday. XRP noted a decline in address activity as traders lost interest after mass sell-off. XRP sustained above $0.50 on August 7, nearly a 10% decline is likely. Ripple made a comeback above key support at $0.50 after the recent correction in the crypto market. On-chain data shows traders losing interest in the altcoin after a massive sell-off event on August 5.
XRP could extend losses by nearly 10% and slip to $0.45, the lower boundary of a Fair Value Gap seen in the XRP/USDT daily chart. XRP/USDT daily chart A daily candlestick close above $0.52 could invalidate the bearish thesis, and XRP could advance toward the $0.60 target. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
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