Anticipated Developments for the Following Two Days According to CoinEdition
XRP, the sixth largest cryptocurrency by market cap, has experienced a 10.57% increase in price over the last 24 hours, reaching $0.5362 at press time. The positive performance over the last week, with a 14.89% increase, has boosted the remittance token’s price. Technical indicators suggest that XRP’s price may retrace in the coming days, with investors and traders potentially looking to take profit after the recent spike. Traders will be monitoring the next support level at around $0.4751 before another pump-up. The whitepaper on central bank digital currency (CBDC) and privacy recently presented by a working group of the Digital Euro Association suggested that CBDC and blockchain technology can offer enhanced security and access control to ensure privacy.