CandleFocus XRP in Green After Bullish Signal
2024-11-04
Author: Content Editor
XRP, the token affiliated with Ripple, is experiencing a bullish trend as it records a higher low in the relative strength index (RSI) despite a lower low in price. This suggests that bearish momentum is diminishing. The token has managed to reclaim the $0.50 level after briefly dropping to $0.49. XRP has been closely following Bitcoin, which recently surpassed $69,000. Despite a sell-off caused by an SEC appeal in the Ripple case, the agency has clarified that it will not argue that XRP itself is a security. XRP is also making strides in mainstream finance with the filing of multiple spot ETFs in the US, some of which acknowledge that XRP is not a security but still list potential risks of classification in the future.
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