XRP price was on a good streak for more than a month, making gains on a daily basis; however, over the past weekend, the altcoin switched direction. T
XRP price slipped nearly 5% on Monday, losing a crucial support line with price indicators nearing a bearish divergence. Amid SEC’s ongoing tiff with Ripple, Chief Financial Officer Kristina Campbell resigned this week. The altcoin, however, is finding more demand in the derivatives market, with Deribit set to launch XRP options trading. rading in red, the cryptocurrency lost a crucial support level, and to make things worse, Ripple CFO Kristina Campbell is also taking a step back from the firm.
501 at the time of writing, registered its biggest single-day drop in the past month. Falling by more than 5.8% during the intra-day trading hours, the altcoin lost the support of the $0.50 mark before recovering slightly, trading at a discount of 3%. The cryptocurrency, however, is still below its month-long uptrend line, as well as the previously tested support floor of $0.505.
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