On August 22, Binance announced via tweet that it will reward XRP to its verified users for participating in an online “learn and earn” course and taking a quiz on August 24.
World’s top crypto exchange, Binance DeFi adds XRP on its platform, enabling users to stake their XRP for APY of up to 1.4% in addition to that Binance also added XRP on its Binance Card, allowing users to pay over 60 million merchants worldwide, through this integration.
As per the data of Santiment, an on-chain analytics firm, “XRP is seeing whale activity, as well as high optimism.” The XRP transaction value has crossed $100k+, the highest since May.
Moreover, Santiment confirms that the sentiment of XRP has been at an all-time high since April this year. At the time of writing, XRP is trading at $0.334, down 3.06% from the previous day’s closing price. On August 17, XRP was unable to cross its resistance of $0.38, confirming the bears are holding that level.
XRP is going through range-bound trading, a trading system where buying and selling occur at the support and resistance areas respectively. $0.29 acts as a strong support area for XRP, where buyers could enter into the long position.
Since it is trading at $0.334 and if it falls further to $0.29 then, the trading activity will remain range bound for the short-term.
Moreover, if the price crosses above $0.39 and below $0.29, then after that the next big move might start. Price moving in a range is volatile and unpredictable.