Ripple ballistic jump in the wake of Nasdaq’s XRP index launch

Fibo Quantum

Ripple bulls have finally left the ‘crypt’ after a few days of being pivotal at $0.3000 but mainly staying below this vital level. At present, the price is exchanging hands at $0.3041 while battling with the resistance at the 50 SMA. Support had been established at $0.2900 following the low that was formed at $0.2827.

The impressive 3% rise is directly linked to the news that Nasdaq was adding XRP index to its Global Data Service. The support of XRP brings the number of supported cryptocurrencies to three, with the other two being Bitcoin and Ethereum.

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