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XRP Risk of Revisiting $0.35, Ends Two-day Gaining Streak

XRP ended a two-day gaining streak yesterday with a 2.43% decline amid the bearish atmosphere triggered by the Fed.

XRP might be at risk of revisiting lows at the $0.35 territory – a price point last witnessed late November – as the U.S. macroeconomic climate precipitates a wave of bearish sentiments that contributed to a hiatus of the asset’s two-day winning streak yesterday. XRP ended Wednesday with a 2.43% decline following the Federal Reserve’s 50 bps interest rate hike, as updates on the legal case between Ripple and the SEC stalled.

(by Albert Brown)

XRP XRP $1.39
+2.03%
XRP Ripple
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