XRP: THE UNBELIEVABLE REASON WHY XRP IS CRASHING The agendas behind running the timeline of this world is so big that we can not even imagine that.The elite class takes and leads the world in what ever direction they want us to go.But an interesting thing about XRP and other digital assets is also a part of their such agenda.Lets find out that what is it all about.Hey guys! Welcome back to crypto millionaires! A channel where we give you the daily updates about XRP.As we have announced a monthly giveaway of one thousand XRP coins, so, hit the like and subscribe button if you haven’t already, to participate in the giveaway, and don’t forget to click the bell icon and share your views in the comment section below.Watch till the end for more chances to win the huge amount of your favorite coin.
In today’s video, you will know that why the value of crypto assets is going down.What are the reasons for the downfall of the crypto market.You will know that if the downfall is happening because of a particular reason.How global elites are taking advantage of crypto downfall.You will also know about the price analysis of XRP and why is Ripple and XRP on the XRP Ledger community’s ‘appetite?’ So, let’s start our video.
XRP was in the news recently for SEC Commissioner Hester Peirce’s statement concerning the regulatory status of the coin.She said, “XRP doesn’t necessarily have to be a security.” XRP, like other major alts, faced the brunt of the fall as the asset’s price fell to the April 2021 levels.At press time, XRP was being traded at $0.62 as its price made lower lows and was down by 81.38% from its ATH with a breakeven multiple of 5.37.A downtrend had been initiated, according to the Parabolic SAR, as white dots appeared above the candlesticks.
Since the Average Directional Index (ADX) was at the 55-mark, the indicator remained highly directional at the time of writing.When the ADX begins its descent towards the neutral 25.0 line, we can expect the active downtrend to weaken.Further, capital inflows for the asset saw a slight hike as the indicator noted a tiny uptick at press time, according to the Chaikin Money Flow.The indicator kept below the zero-line keeping outflows dominant as it lingered in bearish territory.It is critical for XRP that the support be flipped back to $0.69 with the next key resistance at $0.82.
It is not only the XRP that is going down but the whole crypto market is in crisis.According to coin market cap, all of the 10 biggest crypto currencies were down considerably over the past week specially in these last 24 hours.The latest drops came as China announced that its crackdown on cryptocurrency mining would extend into the province of Sichuan, where crypto projects are being shut down.China makes up a considerable part of the mining infrastructure that underpins bitcoin and other digital currencies, and so even the slightest suggestion that regulatory or other pressures are coming to the country can lead to wild swings in its price.
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