Bitcoin (BTC) price hovers around $84,500 on Friday after recovering nearly 3% so far this week. Ethereum (ETH) and Ripple (XRP) find support around their key levels, suggesting a recovery on their cards.
Ripple’s XRP trades near $2.43 on Thursday after seeing a rejection at the $2.60 resistance. The remittance-based token has seen a 400% growth in network activity since the beginning of March. The growth may continue, considering the Securities and Exchange Commission (SEC) recently dropped its appeal against Ripple.
Bitcoin price hit a new 10-day peak of $85,900 on Thursday, March 20, ahead of US President Donald Trump’s speech at Blockwork’s crypto digital asset summit. While BTC price tumbled 4% from the day’s peak after Trump’s speech, derivatives trading signals suggest BTC is unlikely to witness rapid dips.
