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Zipmex, a digital assets exchange headquartered in Singapore, announced today it has raised $6 million in funding led by Jump Capital. The startup, which plans to become a digital assets bank, says the round exceeded its initial target of $4 million. Along with earlier funding, it brings the total Zipmex has raised so far to […]
Quick Take
Wirex will not include XRP in a US version of the app when it launches in January.
Ziglu has decided to suspend XRP trading as of January 12
A handful of crypto wallet firms in the UK are contemplating whether to prevent millions of customers from trading XRP.
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Currently, Bitstamp is the only large cryptocurrency exchange that officially withdrew XRP support due to the SEC s lawsuit. Cinneamhain Ventures partner Adam Cochran hinted that Coinbase was considering delisting XRP. However, the information has not been officially confirmed yet.
XRP is on the verge of the abyss
XRP crashed to $0.21 following the SEC s decision. By the time of writing, the token has partially regained ground to trade at $0.29. However, despite the recovery, it is still nearly 50% down on a weekly basis.
From the technical point of view, XRP stays below the daily EMA200, which is an ominous sign for the coin. This technical line served as formidable support since June 23; thus, if the price fails to return above this area, the sell-off may start gaining traction with the next focus on the recent low of $0.21 and $0.17. This area limited XRP decline earlier this year.