XRP price: Will the Flare Network airdrop trigger a rally to $1.00?
XRP has broken out of a multi-year bear market but old resistance zones must now flip to new support for the rally to continue. As Bitcoin (BTC) has been in the spotlight in recent months, the altcoin XRP (XRP) has been doing reasonably well in its own right. Bitcoin’s rally has been associated with institutions and Wall Street jumping on this new asset class and digital store of value. Meanwhile, XRP has broken out of a multi-year downtrend to regain momentum as well.However, XRP price has not been able to break the $1 barrier yet despite the Flare Network airdrop now just around the....
Related News
XRP has a major bullish breakout recently, resulting in an over 200% rally. And while bullish technicals had been building, it was the Flare airdrop and promise of free Spark tokens that helped propel Ripple to current levels. The Flare airdrop “snapshot” of the XRP ledger takes place at the end of this week, leaving […]
Despite the snapshot on Dec. 12 for the upcoming FLR airdrop event, XRP’s value has not gained much ground, staying put at around $0.50. While Bitcoin (BTC) has hogged the majority of the mainstream limelight when it comes to the recent bullish action seen in the crypto market, the altcoin XRP has also surged over the past month, breaking out of a multiyear downtrend to regain some previously lost momentum. For example, in March, the price of XRP against the U.S. dollar was hovering around the $0.15 mark, only to scale up to a peak high of around $0.80 by the first week of....
Decentralized finance is seen as the next big thing in the cryptocurrency market. However, several top cryptocurrencies are unable to be a part of DeFi and bring value to their holders. This could change very soon as Flare Finance will launch its product on Flare Network. Leveraging the Flare Network, Flare Finance is expected to bring smart contract functionality to XRP, LTC, and DOGE coin making that fully programmable money. Flare Finance DeFi Products Flare […]
Today, multi-asset investment platform eToro announces its plans to participate in the highly anticipated Spark airdrop, making it the first major exchange to lend its support to the Flare project. eToro’s global network of 16 million registered users will have access to the new smart contracts token. Spark is the native token of the Flare network, a new blockchain protocol that enables the use of smart contracts for existing crypto tokens that do not natively […]
XRP price fails to sustain momentum and slides below $0.50 despite BTC recovering above $19,000. XRP is another cryptocurrency that has been doing well alongside Bitcoin (BTC) in the past few months. However, its price has been slumping lately, dropping below $0.50 on Dec. 14, or down nearly 15% over the past two days. On higher time frames, the price of XRP broke upward from $0.20 in the summer, reaching a temporary top at $0.80 a few months later, a rally of close to 300%, making it one of the biggest moves this year.There were several reasons for the massive breakout. One of them was....