XRP price fails to sustain momentum and slides below $0.50 despite BTC recovering above $19,000.
The $1 price mark remains a psychological barrier for XRP, with the third-ranked crypto by market capitalization still 85% off its all-time high price.
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.
Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed.
XRP saw a 1,151% surge in trading volume on eToro as its price nearly tripled last month.
XRP price must break a key resistance level before $1.00 becomes a real possibility.
He clarified that Ripple isn’t trying to compete with Bitcoin during a podcast appearance.
XRP price has been the best performer thus far this weekend gaining over 50% in the past week.
Ripple is looking to define its strategy regarding central bank digital currencies.