Unfortunate year-end for Ripple continues as due to the US SEC lawsuit cryptoexchanges are delisting XRP.
As Ripple was alleged for conducting unregistered securities offerings worth $1.3-bn, the price of XRP against USD and other currencies offered dropped sharply. XRP/USD hit the lowest $0.18163 yesterday as XRP holders transfer their tokens to exchanges to sell. Among the exchanges that delisted Ripple are Coinbase, OkCoin, Bitstamp, Crypto.com. That for the rest of the crypto-market should trigger a positive mindset as there will be more free money on the market and that could boost the rise of other cryptocurrencies, mainly Bitcoin.BTC/USD hit another ATH today $28,571.61 and reversed to test the previous highest close. The good news is that Bitcoin tested the level aforesaid as support at $27,618 and remained above it. There is also a candle formation which many times during the skyrocket of BTC this year confirmed the uptrend. Take a close look at the red candle and its wick, whenever there is a long lower wick and the price is above any static support, it mostly signals for another hike.