Ripple (XRP) extends losses on the third day in a row after its bullish momentum lost steam under the resistance level at $2.23. The path of least resistance is downward, with technical indicators reinforcing the bearish grip while the XRP price hovers at around $2.08 on Friday.
Tether Group, the issuer of the world’s largest stablecoin USDT through its affiliate Tether Investments, has completed the acquisition of a 32% stake in Elemental Altus Royalties Corp. (Elemental).
Ripple (XRP) edges higher after a broader flash sell-off on Thursday, which saw the cryptocurrency market capitalization drop 4% to $3.4 trillion. XRP has recovered to trade at around $2.17 at the time of writing on Friday after dropping 9% on Thursday.