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Good News For Crypto If China Lifts Zero-Covid Policy; XRP Could See Rise

Cryptocurrency Nov 29, 2022 09:00AM ET
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Good News For Crypto If China Lifts Zero-Covid Policy; XRP Could See Rise
 
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  • XRP is struggling to flip a crucial support into resistance.
  • Many believe that China might announce lifting its zero-Covid policy.
  • XRP is currently trading at $0.3914 after a 2.55% increase in price.

Ripple (XRP) is struggling to flip a crucial support into resistance, but if successful, it could trigger a quick price increase for the crypto. It is important to keep in mind that the current lack of volatility in the crypto market makes it almost impossible for the crypto to do so on its own.

On the bright side, there might be some light at the end of the tunnel for XRP. There are reports that a news conference will be held in Beijing by the Joint Prevention and Control Mechanism of the State Council in China. Many believe that China might announce lifting its zero-Covid policy.

This could be good news for the crypto space as this development could ease tensions among those investors that moved to safe-haven assets after protests broke out in China. In addition to this, the announcement could provide a bullish push for risk-on markets, including cryptocurrencies.

As mentioned before, ...

The post Good News For Crypto If China Lifts Zero-Covid Policy; XRP Could See Rise appeared first on Coin Edition.

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Good News For Crypto If China Lifts Zero-Covid Policy; XRP Could See Rise
 

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