XRP stays above $0.50 while Ripple backs research on new frontiers in blockchain technology

Posted by Adrienn Sarkany 11 months Ago

XRP holds steady above $0.50, trading at $0.5130 with a 0.70% increase on Monday. Technical analysis suggests potential further correction despite the short-term bullish outlook, with key resistance at $0.5310 and support at $0.50.

Ripple’s Quantum Computing Report
Ripple published research on the impact of quantum computing on blockchains, particularly the XRP Ledger, through its University Blockchain Research Initiative (UBRI).

SEC vs. Ripple Lawsuit
XRP holders await a ruling on the SEC lawsuit, focusing on a potential fine for alleged securities sales and an injunction on Ripple’s On-Demand Liquidity (ODL) platform.

Market Sentiment and Technical Indicators
Sentiment among XRP holders is positive, but longer timeframe charts show bearish indicators. The Moving Average Convergence Divergence (MACD) suggests a potential 9% price drop to $0.4665 before possible recovery.

Blockchain Gaming Growth
In 2024, Web3 gaming continues to attract investment, with notable developments on platforms like Immutable, supporting blockchain games and NFTs.

Source: fxstreet.com

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Adrienn Sarkany
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Hello there! I'm a 21-year-old university student majoring in Finnish and Korean Language and Literature. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve our precious environment.