Ripple partners with Web3.
XRP has been a low-level coin in recent months. In the past, it was Crypto Winter, the downtrend hit the crypto market, and XRP prices were also affected by the litigation between the US SEC and Ripple.
But now XRP is able to move above a key support point, signaling an uptrend. XRP prices have surged following the announcement of a partnership with Japanese company Metaverse promoting Web3.
btrax Inc. has announced a “Web3 Design Lab” service, focusing on Japanese companies developing Web3 in partnership with Ripple Labs, using XRP Ledger (XRPL) to build the service. It focuses on providing 3 services which are Web 3 Research and Report, Web3 Bootcamp and Web3 Design Service.
Is XRP Price Already Sending a Bullish Signal?
After announcing a partnership with Web3 design firm to develop the Metaverse ecosystem in Japan, XRP prices skyrocketed slightly. can successfully rise above the $0.35 level. This is a major turning point for XRP as it hasn’t climbed to this level for quite some time.
However, XRP price is considered to be less moving compared to other coins such as ATOM (24.79% jump in 24 hours to $16.45 from $13)
XRP hit an All Time High of $0.89 in March, then continued to fall below support at $0.40 in June and has never crossed past this point. since then
XRP’s support level has since retreated to $0.33 following the announcement of Fed Chairman Jerome Powell on Aug. 27, who warned that inflation had fallen below $0.33 since then.
XRP has not risen above $0.33 since late August until now.XRP price It was finally able to trade at $0.35, an increase of more than 5.3% in 24 hours.
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