XRP Price up 0.1% to $0.59 – Where to Buy Ripple

XRP
XRP

The weekend was favourable towards the crypto market, given that most cryptocurrencies traded in the green zone after a week of pullbacks. However, the gains were not sufficient to push various altcoins past critical resistance. XRP is among the altcoins that gained from market support but failed to push past resistance levels.

Ripple is trading at $0.59 at the time of writing after a 0.1% gain in 24 hours.

XRP Price Analysis

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Ripple’s price movement indicates that the token will turn bearish within the week. Currently, bitcoin and most altcoins have shown slight bullish signs, but the gains are not strong enough to hold for the long term.

Ripple  has been trading between $0.57 and $0.60 in the last 24 hours, which indicates that volatility is relatively low. Ripple is facing resistance at $0.60, which means that investors need to prepare for a new low in the coming days. If XRP’s buying and market support is not strong enough, we might see Ripple pushing lower to retest support at $0.50 before gearing for a bull run.

On the other hand, XRP could also make gains that could retest resistance at $0.62. Ripple was last week rejected at $0.65, and if it achieves this level again, the token could be headed towards another bullish rally.

Ripple is making strategic decisions to expand its reach and increase its customer base. The XRP Ledger Foundation opened a new office in Tallinn, Estonia, with the firm giving various reasons why they chose that location.

 

According to XRP Ledger, Estonia was ideal for Ripple’s expansion because it fostered innovation and technology advancement. The country’s regulations towards technology are also favourable, given that it supports various aspects such as digital documentation, e-citizenship and more.

Ripple created the XRP Ledger foundation to boost the adoption of XRPL. Hence, with this new expansion into Estonia, Ripple will see tremendous adoption that may be good for XRP.

Where to buy Ripple

To buy XRP during the current dip, you need to create a cryptocurrency exchange account on a secure and reliable platform. One of the highly recommended exchanges is eToro. The platform charges low trading fees and even offers unique features that come in handy for new traders. eToro supports copy trading to allow beginner traders to copy seasoned traders’ trading strategies, hence increasing their chances of making profits.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

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Remember, all trading carries risk. Past performance is no guarantee of future results.

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.

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