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XRP

Lisk, FTX token, XRP price: Gainers shine, while others wilt 

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Source: Pixabay

The altcoin market has been following the Pied Piper, Bitcoin, and has been noting similar wave-like movement, but one altcoin was reporting profit despite the constant bear attacks.

XRP

Source: XRP/USD on Trading View

Source: XRP/USD on Trading View

The third-largest cryptocurrency, XRP has been fighting a difficult market condition for the past few days. XRP indicated a sharp rise in its price when 2020 began, marked with an uptrend in the chart above. After XRP reached the value of $0.3397, it began to slide. The coin’s major fall occurred on 12 March, pushing it once again to the $0.11 level. It managed to recover from it in the following days. XRP’s current valuation stood at $0.1723 and has been reporting a total loss of 16.61% of its value since the beginning of the year.

Chaikin Money Flow Indicator noted the signal line to be aligned under the 0 mark. This could be indicative of the selling pressure in the XRP market.

Resistance: $0.1986

Support: $0.1500

At press time

Price: $0.1723

Market Cap: $7.56 billion

24-hour Trading Volume: $2.18 billion

FTX Token [FTT] 

Source: CoinMarketCap

Source: CoinMarketCap

The FTX token had peaked in 2020 on 17 February at $3.36, however, the price started to fluctuate from there. After noting the dip on 12 March, FTT has been noting great upswing in its value as it managed to reach $2.67 after the drastic fall. At press time, the value of FTT stood at $2.31, despite having been delisted from Binance due to a “lack of understanding of how leveraged tokens work” by many users on the exchange.

At press time: 

Price: $2.31

Market Cap: $221.92 million

24-hour Trading Volume: $3.04 million

Lisk [LSK] 

Source: LSK/USD on Trading View

Source: LSK/USD on Trading View

Lisk has been one of the few altcoins noting tremendous growth despite an overall bearish market. LSK’s YTD stood at 56.17%, higher than most major cryptos. Despite generating positive returns LSK too underwent a devaluation on 12 March, however, it has registered moderate recovery. The coin was valued at $0.9792, at press time.

As mentioned before, the overall sentiment in the market appeared bearish and the same was indicated by Awesome Oscillator.

Resistance: $1.1184

Support: $0.5161

At press time

Price: $0.9735

Market Cap: $118.75 million

24-hour Trading Volume: $4.52 million

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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