Ripple (XRP) made three major announcements this week. Despite the bullish developments, XRP is struggling to break past resistance at $0.50.
Ripple announced the launch of its dollar-pegged stablecoin, Real USD, at the XRP Ledger APEX 2024 event. Ripple shared news of its acquisition of custodian, Standard Custody, and XRPL EVM sidechain this week. XRP remains stuck under $0.50; Ripple ’s announcements fail to catalyze gains in the altcoin. Ripple made three major announcements this week. Despite the bullish developments, XRP is struggling to break past resistance at $0.50.
XRP holders await developments in the Securities and Exchange Commission’s lawsuit against Ripple. Technical analysis: XRP stuck under the $0.50 resistance Ripple is in a state of decline since March 12. The altcoin is poised to extend its losses as momentum indicator Moving Average Convergence Divergence flashes red histogram bars under the neutral line. XRP is trading at $0.4874 at the time of writing. Ripple could plummet to support at $0.
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