Ripple (XRP) trades around $0.5600, erasing recent gains on Friday.
Ripple whales sell over 200 million XRP tokens in July, while retail investors and whales in other cohorts accumulate. XRP rallied 23% in the past seven days, the altcoin erased recent gains as traders engaged in profit-taking. XRP trades around $0.5600 at the time of writing. Ripple trades around $0.5600, erasing recent gains on Friday.
Once Ripple sweeps liquidity in this FVG, a return to $0.6058 is likely. This represents the 61.8% Fibonacci retracement of the decline from the March 12 top of $0.7696 and the July 5 low of $0.3823. XRP/USDT daily chart Ripple could find support at $0.5205, the 38.2% Fibonacci retracement of the decline from March 12 to July 5. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
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