XRP Could Be On Its Way To Start A “Moon Mission”August 13, 2020
Ripple has been making headlines these days a lot due to the firm’s efforts to boost the complete XRP ecosystem and to also push the mass adoption of the digital asset XRP.
Speaking of XRP the coin has seen some mixed price action in recent weeks.
After hopping in an explosive rally that sent its price surging up towards $0.33 last week, it has been consolidation below its $0.30 support, and the coin struggled to gain more strength, according to the info coming from NewsBTC.
At the moment of writing this article, XRP is trading in the red and the coin is priced at $0.274656. The coin is down by more than 8% in the past 24 hours.
XRP could be embarking on a “moon mission”
Analysts said that this continuous consolidation could have been just the calm before the storm.
The online publication mentioned above noted that there are various factors that are suggesting the fact that XRP could be on the cusp of starting the very first “moon mission.”
The analyst spoke about XRP’s technical outlook and he explained that he believes it may soon “moon”.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Source: Read Full Article