logo
welcome
CoinGape

CoinGape

Ripple price shows short-term correction, pushing it into rangebound movement

CoinGape
Summary
Nutrition label

60% Informative

Ripple (XRP) price rallied 30% last week , reacting to the favorable conclusion to the SEC vs. Ripple lawsuit.

XRP price shot up 30% on August 7 and set up a swing high of $ 0.644 , lower than the July 30 local top.

The lower high sends a message that the buyers could not propel the token higher, aka lack of demand.

Whale Transaction Count indicator corroborates this movement, which tracks transfers worth $ 100,000 .

VR Score

49

Informative language

45

Neutral language

46

Article tone

formal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links