XRP price loses its 25% month-long uptrend as Ripple CTO calls buyback proposal a “scam”
XRP price recovery over the month of January has been rather dull in comparison to the rest of the large-cap cryptocurrencies, such as Ethereum and Solana. To add to this slow rally, external developments surrounding Ripple have further made it difficult for the altcoin to continue its uptrend.
Monday’s gap-lower opening confirms that near-term structure is weakening, although the price is still holding within the range between 22310 and 24243 that keeps on hold risk of deeper pullback so far.
Elon Musk’s Twitter is working on adding payment features to the social media platform. Mask Network (MASK), which enables users of popular social media apps like Twitter to send crypto to dApps without leaving the platform, yielded 87.6% gains in the 30 day period from January 7, as MASK holders anticipated the token’s utility for crypto payments on Twitter.
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