XRP Hits $1, but Binance Suspends Withdrawals; Can You Still Cash Out?
Binance, one of the world’s largest cryptocurrency exchanges, has temporarily halted XRP withdrawals, sparking concern in the cryptocurrency community. The suspension was first revealed by Edo Farina, who posted a video revealing the circumstances of the suspension.
The move has sparked questions and uncertainty among Ripple (XRP) supporters, as the price of XRP has been fluctuating wildly at this time. While Binance has not yet clarified the reason for the suspension, it has caught the attention of traders and investors who are watching the developments closely. Ripple enthusiasts are particularly concerned as any disruption in XRP availability could impact market sentiment and trading activity.
However, Farina later told middle.”
XRP Price Update: Key Resistance Level Reached – What’s Next?
XRP has shown promising moves recently, with the price now moving from support around 60 cents to key resistance.
As of now, XRP is moving towards the $1.17 resistance, supported by the ongoing bullish trend. Looking ahead, the key target area is between $1.26 and $1.98. These levels are derived from Fibonacci extensions, and while price is approaching these areas, it is important to remember that XRP has shown a tendency to experience sharp pullbacks after strong rallies.
A break above $2 could signal a more significant bullish move that could lead to a strong surge. However, it is crucial to wait for price confirmation above previous highs, especially the $2 level, before assuming a continuation of the move.
