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06/21 15:33

Ripple’s XRP Beats Ethereum in $259M Treasury Race

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Ripple’s XRP Beats Ethereum in $259M Treasury Race: Here’s Why It Matters XRP has been stuck between $1.10 and $1.30 for weeks now. Sellers took back control after the Federal Reserve sounded more hawkish, pushing the token back down toward $1.16.  The technicals don’t look great either, XRP is trading below its 50-day, 100-day, and 200-day exponential moving averages, which are all bunched up between $1.27 and $1.58. On-chain data adds another wrinkle. Large holders have been moving tens of millions of XRP onto exchanges, which means more supply is hitting the market. That’s not usually a bullish sign. Also, delays surrounding the CLARITY Act have left regulatory uncertainty hanging over the market. 

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