Ripple rips higher, XRP/USD trades around $0.19 amid a cryptocurrency climb
|XRP is on the rise, trading around $0.19 amid a general surge in cryptocurrency prices. Ripple's token is up some 5% on the day, following the footsteps of Bitcoin – topping $7,000, and especially Ethereum which is up some 12% to around $170.
Coronavirus has had a mixed impact on cryptocurrencies. The respiratory disease has inflicted severe health and economic damage, triggering governments to print money. Some of the funds have flown into digital assets, but reactions are mixed.
Cryptocurrency expert Tomas Salles details the next levels to watch:
Above the current price, the first resistance level is at $0.190, then the second at $0.20 and the third one at $0.22.
-- more to come
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.