This is why Ripple (XRP) jumped 10%
- XRP jumped above $0.2000 and hit $0.2100 before retreating to $0.2070 by press time. The coin is moving with bullish bias amid high volatility, 6% higher from this time on Monday.
- The coin has confidently overcome the resistance at $0.20 in spite of the scam calls. For several days, attempts to clear this zone ended in futility.
- Meanwhile, buyers are keen on establishing strong support areas above $0.20. Higher support will allow them to shift their focus to levels at $0.25 and $0.30 respectively.
XRP is the cryptocurrency used by the Ripple payment network. Built for enterprise use, XRP aims to be a fast, cost-efficient cryptocurrency for cross-border payments.