XRP price is preparing for a 55% price rally with two bullish catalysts. South Korean investors' preference for XRP and the latest developments in the SEC vs.
supporting the bullish thesis are the RSI tipping north and the green bars of the AO histograms that point to the rising momentum.In the event of a price drop, XRP could find support at $0.5048 before slipping through to test the $0.4191 support level. This move would mark a 20% decline in XRP price.The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued.
For Bitcoin, the market capitalization at the beginning of August 2023 is above $570 billion, which is the result of the more than 19 million BTC in circulation multiplied by the Bitcoin price around $29,600.Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours.
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