Ripple’s XRP The only in the Green: Signaling the Recovery-Phase?
Opening up the pages where the token charts and movement patterns are shown and seeing one of the top-leading cryptos in the green is one relief on its own. XRP – the third largest coin by market capitalization introduced by the San Francisco based firm Ripple is in the positive for 2.70% for the last 24-hours.
One Small Step – XRP
Even that many predicted the same faith for XRP to undergo the rigorous selling taking place today also, it is standing quite out. Breaking below a significant bullish trend line with support at $0.3350 on the 2-hours chart of the XRP/USD pair. The pair tumbled and broke the $0.3100 and $0.2900 support levels.
If the gains continue as they are above the $0.2850 making it towards the major $0.3050 it could possibly mark a return above the previous supportive ground.
In a recent research paper made public by Niclas Englesson and Sid John Leopold it was concluded how the USD effects the environment on the Bitcoin network, Visa, Ethereum and XRP. The research was initiated by the motivation of gathering knowledge even deeper when it comes to our daily activities that increase the level of CO2. The greenest coin being XRP.
On a previous writing about the speedy coin, we elaborated the differences and the war between Ripple’s XRP and Stellar Lumens (XLM) which can be reached here: