XRP Price Showing an Important Structure Which is Worth to as an Opportunity to Consider

XRP Price Showing an Important Structure Which is Worth to as an Opportunity to Consider

xrp price

The post XRP Price Showing an Important Structure Which is Worth to as an Opportunity to Consider appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

XRP price is swinging within a very narrow margin for quite a long time, yet a breakout is not seen any time in Q1 2022. The asset is expected to continue with the consolidation for some more time before slicing through the consolidation. Both the buyers and sellers are trying their level best to take control over the asset and hence compelling the price to possess low volatility. 

The trading volume on the platform has dropped significantly, and the current volume is equally shared by both the buyers and sellers. And hence the price is swinging around $0.83 to $0.84 since 31st December 2021. However, the XRP price is expected to continue with the current consolidation for a pretty long time from now. 

The XRP price since November 2021 is following a depleting trend and despite attempts to break the trend, it remained short-lived. Additionally, it declined back to its initial levels and accumulated heavily. However, with the other positive updates which are queued in 2022, XRP price may get a larger boost soon.

XRP is the very first crypto to not be compliant with ISO 20022 which is one standard method that integrates all the languages used by the financial institutions around the world, but also a member of ISO 20022. The other crypto to be a member of is Stellar Lumens(XLM). These standards are expected to be implemented in Q3 or Q4 of 2022 and completed by 2025. 

The other factors include the growth with the ODL by nearly 25x despite the ongoing Ripple vs SEC case. Interestingly, the case may also foresee a closure very soon, and hence the XRP price may explode which was quite suppressed due to the case. Overall the year 2022 is pretty bullish with many advancements laid within the path of Ripple price towards its ATH. 

Did you like this?
Tip Bitcoin Tradeboard with Cryptocurrency

Donate Bitcoin to Bitcoin Tradeboard

Scan to Donate Bitcoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to Bitcoin Tradeboard

Scan to Donate Bitcoin Cash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to Bitcoin Tradeboard

Scan to Donate Ethereum to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to Bitcoin Tradeboard

Scan to Donate Litecoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to Bitcoin Tradeboard

Scan to Donate Monero to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to Bitcoin Tradeboard

Scan to Donate ZCash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some ZCash: