One Cryptocurrency Sustaining Above the Support Levels- Ripple (XRP)

Cryptocurrency Report.

One Cryptocurrency Sustaining Above the Support Levels- Ripple (XRP)

29 February 2024

| Read Time :5:00 Mins

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Ripple (XRP) is a cryptocurrency payment system developed by Ripple Labs Inc. with the aim to rival money transfers usually conducted by the banking system. XRP has a market capitalization of ~USD 31.67 billion (as per TradingView as of February 29, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 26.33 points (~0.73%) to 3658.31 for the week ending February 23, 2024. In the current week starting February 26, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.

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