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Cryptocurrency Report.

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

11 April 2024

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 34.00 billion (as per TradingView as of April 11, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 236.57 points (~4.79%) to 4707.14 for the week ending April 05, 2024. In the current week starting April 08, 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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