XRP: XRP Ledger (XRPL), launched in 2012, is an open-source, permissionless, and decentralized blockchain technology. It introduced one of the earliest built-in decentralized exchanges (DEX), enabling peer-to-peer asset trading directly on the network.
Key advantages of the XRP Ledger include:
The network has demonstrated long-term reliability and stability, having successfully closed over 70 million ledgers since inception.
XRP has a market cap of $90.16 billion as of date, and the crypto market cap is at $2.34 trillion.
On the weekly chart, XRP formed a recent low of $1.1185, with five straight weeks of selling, and recently gave a positive weekly close, showing support in the lower zone and the possibility of a continuation of positive momentum. On the lower side, strong support is seen at the $1.2321 level.
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On the weekly chart, XRP price is trading below its Simple Moving Average (14 & 21 periods) levels of $2.0759 and $2.1318, indicating a small resistance in the coming sessions.
On the weekly chart, the Relative Strength Index (RSI) is at 32.96 and the Stochastic is at 24.53, indicating recovery from the oversold zone and a potential reversal.
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Above $2.0855, there is a possibility of hitting the $2.1720 level.
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