XRP Analysis 24 Hours

XRP Analysis 24 Hours

Read our comprehensive XRP Analysis for the last 24 hours. Also, read about the latest news analysis and the discussion about XRP on Reddit and Twitter

The 7th largest cryptocurrency in terms of market cap, XRP is having a troubling time. The SEC lawsuit is yet to see the light of the day added to it the continuous crypto market crash has led to increasing in fear among the investors with respect to XRP. From trading close to $1 in the first week of January to crashing below $0.50, XRP has lost nearly 65% of its value since January 2022 and since its all-time high five years ago, XRP is down over 90%.

XRP Analysis

In the last 24 hours, the momentum of XRP has been mostly bearish. There have been attempts to recover but all were short-lived and the price kept crashing. 24 hours back, XRP was trading slightly over $0.32 and now XRP is trading slightly over $0.31. The trading volume after crashing massively is now higher in the last few hours. XRP has lost around 4% of its overall market cap value in the last 24 hours.

XRP Analysis: 24 Hours Reddit Discussion

On Reddit, the discussion regarding the XRP in the last 24 hours has been mostly regarding the SEC lawsuit against Ripple, the parent company of XRP token.

The users have been discussing how SEC is on the back foot with respect to the Ripple case. Users have been of the opinion that the SEC will no longer be able to hide as Ripple lab has been pushing SEC on protecting the experts.

XRP Analysis: 24 Hours Twitter Discussion

On Twitter the discussion have mostly been about the Ripple and SEC lawsuit. Regarding the latest hearing, one user Twitted, “XRP Judge Torres has Granted in Part and Denied in Part the Parties’ Requests to Seal documents in connection with the amici Motion to Participate in the Daubert proceedings. Proposed redactions are due by July 15, 2022.”

Another user Twitted, “Controversial opinion: @SECGov has no path to victory. @Ripple has multiple attack vectors & needs to prevail in just one of them to win. The SEC, on the other hand, has to defeat everyone of these attack vectors in order to win.”

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XRP Analysis 24 Hours

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.