XRP Price Reach $0.846 after 2% Dip – Where to Buy XRP

Ripple XRP
Ripple XRP

Ripple’s case with the US Securities and Exchange Commission (SEC) has been making headlines for the better part of the year. As a result, XRP has been responding to the case and with each new development, fluctuations have been witnessed. The token has also been reacting to the broader cryptocurrency market.

At the time of writing, Ripple’s native token was trading at $0.846 on major exchanges after a 2% dip.

XRP Price Analysis

XRP Price Analysis 18 June
Source: TradingView

Ripple’s native token has been having a hard week where it has been trading between the range of $0.80 and $0.90. The 50 Simple Moving Average (SMA) shows that the next upside will be at $0.85, which may be achieved soon.

However, the bulls may focus on pushing the token beyond $1.00. Currently, there is no clear signal if the token is in a bearish or a bullish momentum. The Moving Average Convergence Divergence (MACD) is at the zero level, showing lack of a clear goal of whether the trend will move upwards or downwards. A clear analysis may develop as the weekend starts.

If XRP closes trading above the 50 SMA, it may show a bullish signal over the weekend as the coin pushes to $0.90. However, a breakout to $1.00 will depend on the buying trend that will create a 100 SMA.

Despite the market volatility, Ripple cross-border platform has been making great strides that may push for XRP’s gains. According to the Chief technology Officer for Ripple, David Schwartz, Amazon could integrate Ripple’s Ledger infrastructure to launch a blockchain service. The e-commerce leading firm has required XRP’s infrastructure to launch the service and if it happens, the news may push XRP to a bullish trend.

Every day in the crypto market is filled with news about Ripple’s case against the SEC. Just recently, Ripple had another win where a court granted the firm access to XRP volumes from offshore exchanges.

If this happens and Ripple confirms that most of XRP sales were offshore, it may prove that the SEC lacks jurisdiction in the matter. The news may also create another bull for XRP.

Where to Buy XRP

If you want to purchase XRP, you need to check at the eToro exchange. eToro is one of the leading exchanges that offers competitive trading fees. The exchange offers a variety of features among them copy trading and demo trading. It is easy to open an account and use the platform.

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A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.