Cryptocurrency & Blockchain

Why is XRP price today?

XRP (Xrp) On February 28, he extended its flow to February 28.

What you need to know:

  • Commercial people in XRP at the third session will lose the level of basic support to $ 2 USD.

  • The Global Kipto market capital decreased to 6.66 trillion dollars in the period announced by the capitalization of the Cripo market.

XRP / USD Fail Palast Chart. Source: TRADINGVIEW

  • A $ 25.5 million futherric position in the last 24 hours has long reached $ 22.2 million.

  • The Seek delay is adding uncertainty to the latest delay XRP market.

SEC Deays RipppPppped Case

Since the beginning of the month, we hope that since the beginning of the month, it will be taken to a long-term court against the United States Securities and Exchange Commission, which has witnessed severe losses and dropped 35%, when it falls up to 35%.

What you need to know:

  • In December 20, December 2020, was initiated in December 202, when it was a federal judge, a partial victory for the buluse on August 2024 The company is fined $ 125 million– 2 million in the Sex millions of the sex are on institutional investors for sale of safe securities of safe malnutrition.

  • The ruler confirmed that XRP itself is not security for retail sale.

  • However, SEC turned to October 2024This difference is complicated.

  • Freshly new securities have reduced the actions independent of crypto companies.

  • The agency recently been prosecuted, including against Coins, ConsesesRobinle Undertand the Gemini.

Nevertheless, the new administration has not been disabled and a second appeal is still expected.

Related: XRP LEDGER has opened a road map of the institutional hyphone

Therefore, it takes the work to the price of XRP and add fuel to the current leaders.

More than $ 22 million in positions of long xrp positions

XRP drop comes on February 28 serious liquidation In the derivative market, the strong uprising represents pressure.

The main points:

  • $ 3.2 million in the last 24 hours in the last 24 hours. Compared to the US dollar, the $ 22.30 million dollars will last.

  • Bull merchants are forced to sell their positions when long positions are abolished.

Eliminate the entire XRP. Source: Coinglass

  • The scale of this liquidation was $ 3 34.5 million.

  • Xrp’s Open interest (Oi) declining for 30% in the last seven days, and establish a decrease in traders participation.

XRP futures is open. Source: Coinglass

  • Although the finance level on February 27, the last 24 hours decreased from 0.0079% to 0.0032% of the last 24 hours. When receiving the trust.

XRP oi balance levels. Source: Coinglass

The XRP price is higher than $ 2.00

Today, the reduction of the XRP price is part of the repair of January 16 Comparative force index (RIS) Calculate the terms that stretch up to seven-year heights.

Basic levels to see:

  • XRP bulls are embracing with the lower border of the parallel canal and are aimed at delivering psychological support to $ 2.00.

  • XRP can be extended below $ 1.76 (on February 3) and when participating in 200-day SMA 200 days, psychological level.

XRP / USD DISTER. Source: Cointelegraph /TRADINGVIEW

  • Directly, Comparative force index The daily diagram reads verse 29 in the following days.

  • A bull of resistance at HRP price $ 2,20

  • May open the way to the nearest $ 2.40 dollars at this level.

This article does not include investment advice or recommendations. Each investment and trading – must conduct self-study of readers in decision-making.