Home / crypto price analysis / XRP weekly price analysis 17 August: Token’s value has enjoyed positive recovery

XRP weekly price analysis 17 August: Token’s value has enjoyed positive recovery

XRP has been seesawing upper and better during the last few days, gaining momentum and elevating its value.

Key takeaways

  • XRP persisted a few tough spots throughout the week however appears to be mounting a recovery.
  • Trading volumes were clobbered during the last seven days, down by means of virtually one quarter.
  • Ripple has printed an inventory of most popular virtual asset trade companions for its xRapid answer.

XRP started the week on Thursday August nine at US$zero.341. The cryptocurrency reached a weekly top of US$zero.350 the similar day earlier than veering downward into the weekend and hitting a low of US$zero.291 on Saturday August 11.

The coin controlled a slight recovery over the weekend, capturing as much as a height value of US$zero.312. However, this did not final and all the way through Monday and Tuesday XRP misplaced any positive factors made, sinking to a weekly low of US$zero.254.

XRP

Since then, XRP has been seesawing upper and better, gaining momentum and extending its value.

At the time of writing the virtual forex is priced at US$zero.296, up (2.three%) over the process lately’s industry.

Trading volumes shrank by means of one quarter (24.7%), down from US$325.7 million to US$245.1 million.

Cryptorecorder notes that because the dip previous within the week, XRP has been buying and selling upper highs and decrease lows. The outlook stays “slightly positive” and a wreck above $zero.30 might inspire patrons to focus on upper ranges.

Global blockchain corporate Ripple has revealed a list of three “preferred” digital asset exchanges for US and world shoppers carrying out transactions the usage of the company’s pass border bills answer, xRapid. US-based Bittrex trade will act as the corporate’s most popular spouse for xRapid transactions in US greenbacks, whilst Mexico’s Bitso and the Philippines’ Coins.ph would be the beneficial exchanges in the ones nations.

xRapid processes world bills at top velocity with minimum liquidity and transaction prices the usage of XRP. The XRP token is an unbiased virtual asset evolved on an open-source virtual ledger, now not by means of Ripple Labs.

You can be told all about other exchanges, perceive precisely buy and sell cryptocurrencies, calculate your taxes, uncover digital wallets to carry belongings and discover an inventory of all of the alternative coins available on the market.

Disclaimer:
This knowledge will have to now not be interpreted as an endorsement of cryptocurrency or any explicit supplier,
provider or providing. It isn’t a advice to industry. Cryptocurrencies are speculative, complicated and
contain important dangers – they’re extremely risky and delicate to secondary task. Performance
is unpredictable and previous efficiency is not any ensure of long run efficiency. Consider your individual
cases, and acquire your individual recommendation, earlier than depending in this knowledge. You will have to additionally test
the character of any services or products (together with its felony standing and related regulatory necessities)
and seek the advice of the related Regulators’ internet sites earlier than making any determination. Finder, or the writer, might
have holdings within the cryptocurrencies mentioned.

Crypto defined


Latest cryptocurrency information

Picture: Shutterstock

About Aamir

Check Also

A 2:15 Alarm, 2 Trains and a Bus Get Her To Work by 7 AM

Ford Eyes Use of Customers’ Personal Data To Boost Profits

According to industry-watchers, Ford is looking to profit off the data it can collect from …