XRP: Bearish Allegations vs. Bullish Technicals and Japan Adoption Surge
Share:
Predictions Markets
See what traders are focused on
- XRP faces price declines but remains resilient amid Bitcoin’s struggles.
- Analysts debate Ripple’s impact, with concerns over lobbying against Bitcoin.
- SBI VC Trade expands lending services, boosting XRP adoption and utility.
Ripple’s XRP has seen price declines recently. As a result, this has led to mixed reactions from analysts. Some think the cryptocurrency is struggling due to outside factors. However, others argue it remains strong against Bitcoin (BTC). Adding another layer to the story, Japanese exchange SBI VC Trade has increased its cryptocurrency lending services, which adds more options for XRP holders
Conflicting Views on Market Performance
Tony Edward has pushed back against Bitcoin maximalists. Specifically, he says they are unfairly singling out XRP’s decline when the entire crypto market is experiencing a general downturn.
As of press time, trading at $2.19, XRP has dropped by 3.36% in the past 24 hours and 18.33% over the last seven days. With a circulating supply of 58 billion, its market cap currently stands at approximately $126.96 billion.
Related: XRP Bulls Show Strong Presence as Bears Face Rejection at Historic Support L…
The post XRP: Bearish Allegations vs. Bullish Technicals and Japan Adoption Surge appeared first on Coin Edition.
Read More
XRP Now at A Decisive Inflection Point: Will Prices Moon or Drop to $0.7?
