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XRP surges by 8% after STASIS integrates Ripple’s XRPL

XRP rallies by 11% after Ripple scores a win against SEC

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  • XRP is the best performer among the top 10 cryptocurrencies in terms of market capitalization.

  • The demonstration comes after Ripple revealed that STASIS had integrated its XRPL technology.

  • XRP may rise towards the $0.50 resistance level in the near future.

XRP outperforms other major cryptocurrencies

XRP is doing great today despite the broader cryptocurrency market likely ending the week in the negative. The original coin of the Ripple ecosystem has increased its value by more than 8 percent to date. At press time The price of XRP is $0.4059 per coin.

The positive performance comes after Ripple revealed in a blog post on Thursday, STASIS – which issues the largest Eurostable stablecoin, EURS – has integrated XRPL.

Ripple noted that its XRPL provides easy on- and off-ramps for developers, institutions and consumers to unlock new stablecoin use cases.

XRP’s rally comes as the broader crypto market gives up some of its gains. The total cryptocurrency market capitalization is $827 billion, down less than 1 percent today. Bitcoin is at $16,461, down 0.8% in the last 24 hours. Ethereum price is down 1.6% and is currently trading at $1,181 per coin.

Key levels to view

The XRP/USD 4-hour chart is bullish as Ripple has outperformed the broader cryptocurrency market over the past 24 hours.

The MACD line is above the neutral zone, indicating that XRP is currently bullish. The 14-day RSI of 63 indicates that XRP may be heading into overbought territory if the rally continues.

With the bulls now in charge, XRP could break the first major resistance level at $0.46977 before the end of the day. However, it needs broader crypto market support to move towards the $0.5067 resistance level for the second time this month.

The broader market is bearish and that could affect XRP’s performance in the near term. If this happens, XRP could drop towards the $0.3742 support level in the next few hours.

Where to buy XRP now

eToro

eToro is a global social investment brokerage that offers more than 75 cryptocurrencies to invest. It offers crypto trading without commissions and users of the platform have the option to invest manually or socially. eToro even has a unique CopyTrader system that allows users to automatically copy the trades of popular investors.

Buy XRP on eToro today

ALRIGHT

OKX is a top-notch cryptocurrency exchange that offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they keep almost all of their customers’ funds in cold storage, and the exchange has not yet been hacked. In addition to this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy XRP on OKX today

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