$XRP is moving in the uptrend despite the misconception that investors might form after taking a brief look at the chart
The inability to break through the local resistance level is, for some traders, tied to the most recent flurry of massive transactions on the XRP network. More than 4 billion XRP have been transferred from exchanges to unknown wallets.has been gradually moving downward due to the lack of growth fuel and the depressing state of the cryptocurrency market that has been showing negative netflows since the beginning of November.
As liquidity flows away from the digital assets industry, assets like XRP, Ethereum and others will continue to lose their value as investors sell their assets in exchange for stablecoins and other cryptocurrencies they can use to increase their liquidity and withdraw funds away from the troublesome industry.
With the descending activity of the network, issuance increases and pushes the network's value upward again. However, there is an indicator that shows reversal possibility.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US Dollar Index portrays three-day uptrend despite sluggish Treasury bond yieldsUS Dollar Index portrays three-day uptrend despite sluggish Treasury bond yields – by anilpanchal7 DollarIndex YieldCurve Fed RiskAppetite China
Leer más »
4.1 Billion XRP Moved from Bittrex Within Hour, Here's What May Be HappeningSomebody moved a record 4.124 billion XRP from Bittrex in the past hour. Ripple $XRP XRParmy
Leer más »
Ripple's General Counsel Makes Convincing Argument About XRPRipple's general counsel smashes $XRP opponents with arguments xrpsec ripplesec ripplexrp xrp xrparmy xrpcommunity ripple
Leer más »
Ripple Moves Dozens of Millions of XRP – Is Company Selling?Over past 12 hours, Ripple has participated in transferring large amount of XRP, while sending nearly half of it
Leer más »
XRP Price Analysis for December 7Can XRP remain stronger than BTC from the technical point of view? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Leer más »