RATE Group | Ripple Price Trapped Between The 100 and 200-Day MA
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Ripple Price Trapped Between The 100 and 200-Day MA

06 May Ripple Price Trapped Between The 100 and 200-Day MA

Posted at 12:41h in Cryptocurrency News by

Ripple price rebounds today holding above the 100-day moving average that provides firm support the last two weeks. The number three cryptocurrency by capitalization, trapped between the 100 and 200-day moving average, as crypto traders await next week the bitcoin halving event that might trigger the next big move in the cryptocurrencies universe.

Meanwhile, Ripple will be the first DLT member of the global ISO 20022 Standards Body as it expands the presence in the international payments industry. ISO 20022 proposes a standardized approach in methodology and process to enable communication and interoperability between the global financial organizations. Ripple’s entry to ISO 20022 implies a further validation of cryptocurrency and Digital Ledger Technology in the world of traditional finance. Ripple and its customers will have a say in the future direction of cross-border payments.

Bitcoin is trading 2.42% higher at 9,256, enhancing the bullish momentum that drives the…

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