Altcoins

XRP Price Attempts Recovery While UpHold Exchange Continue Listing XRP

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After a sharp sell-off to $1.05 in the early Asian hours of today, XRP/USD has regained strength. The Ripple (XRP) is currently trading at $1.09, down 0.63 percent since the beginning of the day. Despite the tiny increase, the altcoin remains lower than it was yesterday. 

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However, if the 9-day moving average crosses below the 21-day moving average, the XRP price is likely to continue to move sideways or enter a downtrend. 

if the price of XRP/USD falls below the critical support level of $1.00, the pair may begin to move lower. This level has been tested as support on multiple occasions, but once it is cleared, the downside is likely to gather traction, with the attention shifting to the $0.90, $0.85, and $0.80 support levels. Crossing above the moving averages, on the other hand, might lead to resistance levels of $1.30, $1.35, and $1.40. 

Uphold Exchange Will Never Delist XRP

The XRP community is praising Uphold, a multi-asset exchange, for maintaining its XRP listing despite regulatory rejection and a long-running dispute. 

According to Uphold’s exclusive release, the exchange would not delist XRP unless the SEC’s purported allegations against Ripple are adjudicated to legally prove XRP as a security, or unless the trading volume of the supplied token falls to a degree where it is hard to back. 

Uphold has also derided the SEC’s hypocritical “consumer protection” attitude, claiming that if the court rules in the commission’s favour, the consumers the SEC claims to be fighting for will suffer “billions of dollars in losses.” 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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