- XRP has grown by 8% over the past 24 hours, bouncing from $ 2.21 to an intra -day maximum of $ 2.40.
- The Bank of America is going to use XRP for internal transactions and filed 83 patents on the blockchain.
In the Asian trading hours, while the global crypto market is still faced with a sharp decrease in Tuesday, the effects of knocking have not disappeared. Nevertheless, the native cryptocurrency Ripple, XRP has grown by about 8% over the past 24 hours.
After a significant fall from a zone of $ 2.50 to $ 2.21, XRP passed a strong recovery, reaching an intraday maximum of $ 2.40 with a market capitalization of $ 135 billion.
A rally in the XRP takes place after key ads, including the growing presence of Ripple in the financial industry. According to David Streisevsky, General Director of Group Group, Bank of America accepted Altcoin for his internal transactions. Straisevsky showed that the bank also submitted 83 patent statements related to blockchain technology, positioning cryptography as the most important financial asset for the future.
Further feeding of optimism, Ripple President Monica Long recently shared an understanding in an interview with Bloomberg, hinting at the potential launch of the Exchange Pressed (ETF) fund, since the US legislation on cryptography continues to develop. She believes that XRP can soon join the bitcoins and ether in this trend. Ripple also focuses on expanding its Rlusd Stablecoin for more exchanges, which is expected to increase its position in the global financial landscape.
Nevertheless, the future remains uncertain of possible delays in the continued case of the SEC against Ripple and the potential changes in the agency with the upcoming departure of the SEC chairman Gary Gensler.
XRP the price will bounce with a bull impulse
At the time of writing, XRP is traded at $ 2.29, after a recent rally of 8%, which changed 12% fall over the previous two days. In addition, Altcoin has surpassed a wider cryptography market, which fell 1.51%, that the total market capitalization is up to 3.3 trillion dollars. Nevertheless, the volume of bidding XRP has decreased by 4.35%, currently $ 8.05 billion.
Looking into the future, the relative force index (RSI) indicates a strong bull impulse, while the Stochastic oscillator shows a slightly bull tendency on a 4-hour graphics, currently at 59.74.
XRP is faced with resistance near its record high level of $ 3.55 and a psychological level of $ 3.00. If the daily candlestick closes above $ 2.7, it will confirm the bull thesis and send cryptocurrency for $ 3.
