Xrp report ripple said it sold 32 55 million of its xrp cryptocurrency during q2 2020 a 1 760 jump over q1 s sales figures and the first signs of xrp sales growth in nearly a year. The top 10 currencies were mostly in green for the same period with ripple s xrp adding 36 5 percent to its value while cardano ada lost 9 percent. The total crypto market cap added 31 8 billion to its value for the last seven days and now stands at 338 6 billion.
Steering clear of the first major support level at 9 339 bitcoin rallied to a sunday intraweek high 12 097 0. Bitcoin slipped to a monday intraweek low 9 944 9 before making a move. Xrp is going to outperferm etherium as per chartas it established a bullish pinbar on daily at strong support.
If it respect resistance and comes at support its a great buying opportunity of all time. Breaking that would be very significant. Xrpbtc is at a trendline resistance and 100 ema resistance.
About xrp originally conceived in 2012 as a real time gross settlement rtgs system aimed to reduce overheads while transacting from one currency to other xrp has grown to be one of the most used cryptocurrencies in the world with its market cap only second to bitcoin at more than 121 billion as of january 6th 2018. Built for enterprise use xrp aims to be a fast cost efficient cryptocurrency for cross border payments. Xrp is the cryptocurrency used by the ripple payment network.
