Thursday, April 18, 2024

XRP price rises ahead of Ripple’s 2024 roadmap announcement.

The progress of Ripple and the updates in the SEC v. Ripple litigation impact the price of XRP. As the XRPLedger gets ready to reveal its 2024 roadmap, the altcoin surges beyond $0.56.

Daily Digest Market Movers: Ripple is getting ready to reveal its strategy for the 2024 blockchain vision

  • In a fireside chat on February 27, Ripple’s CTO, David Schwartz of XRPLedger, will discuss the progress being made in interoperability, adopting EVM, and discussing the community’s roadmap for the company’s 2024 blockchain vision.
  • The co-creator of Ripple will go into his ideas for XRPLedger in 2024, emphasizing the most recent advancements meant to enhance the ledger’s capability to accommodate novel blockchain use cases.
  • In David’s lecture, developers can anticipate learnings and solutions for the XRPLedger’s smart contract execution and AI-blockchain convergence.
  • Holders of XRP have been anticipating more thanks to Ripple’s 2024 roadmap, and the altcoin erased its recent losses.
  • The cross-border payment remittance company announced a collaboration for multi-asset tokenization on the XRPLedger with a Silicon Valley-based company that specializes in blockchain and AI.
  • The company used an official tweet on X (formerly Twitter) to promote their relationship.
  • Through the cooperation, the remittance company will be able to tokenize assets on the XRPLedger, increasing cryptocurrency liquidity and making it more accessible.

Technical Analysis: The price of XRP recovers its losses.

The price of XRP erased its losses from the previous week as the altcoin surged over the $0.55 barrier level. The price of XRP reached a high of $0.56 on Tuesday. For more than a month, the $0.55 mark served as crucial resistance for XRP.

The altcoin is trending upward toward its $0.60 objective. The price of XRP is encountering resistance in its upward trend between the 61.8% and 78.6% Fibonacci retracement levels of the altcoin’s fall from its top in 2024.

The Awesome Oscillator (AO) and Moving Average Convergence/Divergence (MACD) indicators both confirm price increases in XRP and indicate that the uptrend is still in place.

A daily candlestick closure below $0.54 might disprove the bullish argument, and the altcoin might find support at the 23.6% Fibonacci retracement at $0.52.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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