XRP at $1.40: A Buying Opportunity or a Threat?
Ripple’s native token XRP is trading near the $1.40 level on Thursday and dipped 2.6% in the day’s trade. The leading altcoin has relatively cooled down after going from $1.10 to $1.50 in the last week of August. It is now range-bound on the charts, but has held on to its resistance levels, despite the market’s challenges. Moreover, the ongoing US-Iran negotiations are yet to conclude, as American forces struck five Iranian oil tankers on Tuesday. Also Read: Bank for International Settlements Tests XRP Ledger Should You Consider Buying XRP Now or Skip It? Source: CryptoSlate Bitcoin, which was at $62,000 in the last week of August, surged to $78,000 after President Donald Trump announced that the US is considering buying a “sizeable” amount of BTC. This led the broader cryptocurrency market to turn green, including Ripple’s XRP. The global market scenario has changed since then, with Brent oil prices reaching $100 per barrel and Crude oil prices on t...