Quick take:
A quick glance at Coinmarketcap reveals that XRP is one of the few digital assets showing impressive 24-hour gains. At the time of writing, XRP is trading around the $0.27 price area and with a gain of 5.49% in the last 24 hours. XRP’s impressive performance can be seen in the screenshot below.
The daily XRP/USDT chart further confirms XRP’s bullishness. From the chart (below) it can be observed that the price of XRP is confidently above the three daily moving averages: 50-day, 100-day and 200-day.
Additionally, XRP’s trade volume is in the green. The daily MACD has also crossed in a bullish manner with its histograms confirming increased buying interest. However, the daily MFI and RSI are a bit high with values of 67 and 73 respectively thus pointing to some level of consolidation for XRP in the days to follow.
In terms of resistances moving forward, XRP has the following short term price levels to contend with on its path towards $0.30.
In terms of fundamentals, XRP investors have the Flare Networks snapshot event to look forward to. According to the team at Flare Networks, the snapshot will occur on the 12th of December at exactly 00:00 UTC.
The team at Flare Networks has further advised XRP
investors to be careful and to only transfer their funds to an exchange or platform that has confirmed its participation in the snapshot.For XRP held at an exchange that is NOT supporting Flare.
To receive Spark – either: a) move it to self custody before 12/12/20 n’ make the claim or b) move to a supporting exchange before 12/12/20.
You must decide which supporting exchange you trust. We cannot accept liability.
A full list of exchanges and platforms supporting the snapshot can be found on the Flare Networks website and include the following.
Exchanges: AltCoinTrader, AnchorUSD, BitBay, bitbns, bitrue, btc markets, Celsius, Coinfield, CoinSpot, eToro, eToroX, GateHub, GOPAX, NDAX.IO, NEXO, Tokens.net, Uphold, YouHodler.com
Wallets: Cobo Wallet, Exodus, Guarda, Ledger, XUMM, DCENT, Ellipal, Gatehub, SafePal, MetMask (for those willing to manually carry out the procedure)
For more information on the Flare Networks snapshot, XRP holders are advised to visit the FAQs section of their site.