Skip to main content

A series of higher lows continues to define XRP price action

14 May, 2021

Yesterday afternoon it was noted here that Ripple (XRPUSD) appeared to run into buying interest, at or just ahead of $1.20. So, despite a very minor and brief dip below the noted 50 day moving average, that buying interest appeared to win out again. If you look at a short term chart of XRP you will clearly see just what I am talking about. The price did fall back again late last night as Bitcoin came under further pressure, but it did not seriously threaten that 1.20 level. The low was around 1.2325 and it was still a higher low. The rebound so far today has taken the price back above 1.35 and it is for the most part still holding that gain right now. Perhaps we should all look at the electricity usage on this one (and all the others for that matter too) to see where it stands on that front, following the revelations from Elon Musk earlier this week. That is not a joke by the way either and may yet be an issue that could define all the leading coins over time- their carbon footprint. Anyway, XRPUSD is currently trading at 1.3520

Exchange BTC

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining