Analysis: ​​Global economic uncertainty causes XRP price to drop 6%​

avatar
MarsBit
05-30
This article is machine translated
Show original
Mars Finance News: Affected by global economic tensions, XRP price dropped from $2.305 to $2.163, with a single-day decline of 6.16%. Market data shows that the token's trading volume surged to 174.7 million units in a short time, reaching four times the daily average trading volume. Despite price pressure, positive market signals emerged. VivoPower, a renewable energy company, announced raising $121 million to establish XRP reserves, and Webus International also plans to raise $300 million for XRP strategic reserves. Technical analysis indicates that $2.16 forms a short-term support, and if the key level of $2.31 is breached, it may further explore down to $1.96.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments