A Major Crypto Exchange Reiterates Support for Ripple

Uphold reiterates its support for XRP while other crypto exchanges are pulling out of anything related to Ripple. One of the most popular cryptocurrency exchanges for trading and swapping cryptocurrencies is Uphold. This reaffirmation was necessary for response to the community’s repeated requests on Twitter for cryptocurrency exchanges to relist XRP.

As per Uphold, XRP was never delisted, and it will remain listed until the case between the SEC and Ripple is brought to a conclusion. Uphold also strengthens investors’ hopes, as it infers that the outcome of the verdict will likely not affect retail investors negatively. Due to the delistings from the majority of exchanges, XRPUSD has seen a sequence of declines. Yet, a price increase is imminent as Uphold restores investor optimism.

Key XRP Levels To Watch – March 6

The market has been in a bearish order flow since the year 2022. BTCUSD declined massively from the $0.5100 price level, invalidating all previous lows in the process. According to the Moving Average Convergence Divergence (MACD), XRPUSD made a short rally in January 2023, after which the price continued its downtrend.

The MACD also indicates that the market is typically bearish, as it barely comes above the zero line. According to the MA Cross, the Moving Average Period 18 has crossed the Moving Average Period 40 to the downside, which reveals that the bears are in total control of the market.

Ripple Key Levels

Resistance Levels: $0.5600, $0.5100, $0.0.4330
Support Levels: $0.3000, $0.2400, $0.2000

Total Market Capitalization: $1.02T
XRP Market Capitalization: $18.49B
XRP Volume: $0.96B
Market Rank: #6

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