0R15 8000.0 1.5615% 0R1E 8011.0 2.064% 0M69 None None% 0R2V 184.6 0.7367% 0QYR 1313.5 -0.643% 0QYP 419.0 1.3301% 0LCV 150.09 1.7559% 0RUK None None% 0RYA 1629.83 -1.1625% 0RIH 168.2 -0.6204% 0RIH 165.0 -1.9025% 0R1O 187.76 9900.5326% 0R1O None None% 0QFP None None% 0M2Z 312.55 0.7089% 0VSO 26.6 -25.2914% 0R1I None None% 0QZI 471.5 -0.8412% 0QZ0 220.0 0.0% 0NZF None None%
Crypto Market Round-Up
Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Ripple (XRP) is a cryptocurrency payment system developed by Ripple Labs Inc. with the aim to rival money transfers usually conducted by the banking system. XRP has a market capitalization of ~USD 29.98 billion (as per TradingView as of February 15, 2024).
Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 281.95 points (~9.27%) to 3321.93 for the week ending February 09, 2024. In the current week starting February 12, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.
Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bullish’ at the current level appears to be Ripple (XRP) based on the below technical parameters: -
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