XRP Pulls Back 10% Amidst Profit-Taking: Here’s the Whale Strategy to Know

The post XRP Pulls Back 10% Amidst Profit-Taking: Here’s the Whale Strategy to Know appeared first on Coinpedia Fintech News

XRP, the cryptocurrency backed by Ripple Labs, has experienced a rollercoaster ride in recent days. After soaring over 50% since July 8, its price took a sharp downturn, falling nearly 10% in the last 24 hours to settle around $0.5731 during early New York trading on Thursday.

This sharp correction has raised eyebrows and sparked speculation about the future of XRP. What’s next?

This large-cap altcoin, boasting a fully diluted valuation of approximately $57 billion and a daily trading volume averaging around $4.4 billion, recently tested a crucial resistance level of $0.633 before retracing its gains.