XRP dives as market sell-off takes hold, here's what's next for price
tumbled to lows of $0.435 on April 26 as the wider crypto market fell following an alert from blockchain analytics firm Arkham that wallets linked to Mt. Gox and the U.S. government had moved large amounts of Bitcoin. However, the alert was due to a"bug fix."
The drop brought XRP to trade once more below the key level at the daily MA 50 at $0.466. The bulls' attempt to reclaim this level on April 27 was thwarted as the bears were not willing to give up ground.Meanwhile, the bulls continue to attempt another shot at recovery, but this remains underway. XRP continues to trade below the key MA 50 level at $0.46.
At the time of writing, XRP was down 3.77% in the last 24 hours at $0.459. The cryptocurrency is also down 6.55% in the past week.
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