XRP still holds a ເພີ່ມຂຶ້ນ sentiment despite ຂ່າວ emerging on November 29 that crypto exchange Coinbase will end the wallet support services for the seventh-ranked digital asset by market capitalization.
As things stand, XRP is trading at $0.40, gaining over 2% in the last 24 hours. Furthermore, the weekly chart indicates Ripple’s native token has rallied by almost 7%.
The rally followed a brief stint where XRP experienced significant selling pressure as investors appeared to take out profits. The trend saw XRP lose over $800 million in capital within a day.
Coinbase wallet withdrawing XRP support
In recent weeks, XRP has mainly traded in the green zone defying the general market crypto price movement leading to a three week consecutive green candle. However, the delisting by Coinbase, was presumably a catalyst for a possible correction.
Notably, Coinbase Wallet announced it would no longer support XRP, Bitcoin Cash (BCH), Ethereum ຄລາສສິກ (ETC), ແລະ Stellar (XLM), effective December 5, citing low usage.
However, it can be assumed that XRP’s momentum is a result of Ripple Labs’ minor wins from the ongoing case by the Securities Exchange Commission (SEC). In this line, legal experts project that the case might be ruled in favour of Ripple, a bullish catalyst for the XRP rally.
For instance, XRP rallied after the presiding judge ruled on the ການມອບເອກະສານ Hinman ແລະ ການອະນຸມັດເອກະສານຫຍໍ້ຂອງ amici.
ການວິເຄາະລາຄາ XRP
Furthermore, based on the recent XRP price movement, the community has focused on attaining the $0.5 level, which can usher in a trajectory towards $1. In this case, a Finbold ບົດລາຍງານ indicated that XRP needs to break above $0.40; thereafter it can target a move to around $0.45.
ໃນຂະນະດຽວກັນ, ໃນ ກ tweet ວັນທີ 30 ພະຈິກຄ. ສ. ການຊື້ຂາຍ crypto expert Michael van de Poppe believes the XRP can target the level of $0.49.
As the XRP community looks forward to the conclusion of the SEC case, the asset’s ການວິເຄາະດ້ານວິຊາການ is neutral. The summary of the daily gauges on TradingView aligns with ‘neutral’ at 10, similar to moving average at one. Elsewhere, oscillators are for ‘buy’ at two.
Finally, the XRP community on CoinMarketCap remains ເພີ່ມຂຶ້ນ. ໃນຖານະ ລາຍງານ ໂດຍ Finbold, ຊຸມຊົນກໍາລັງຄາດຄະເນວ່າ XRP ຈະຊື້ຂາຍຢູ່ທີ່ 0.42 ໂດລາໃນທ້າຍປີ 2022.
ປະຕິເສດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນຖືວ່າເປັນຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/xrp-bulls-unmoved-by-coinbase-delisting-pushes-tokens-price-higher/