The value of XRP has declined since September 6, 2021. In fact, on January 20, 2022, tokens fell further, reaching $ 0.5812 long-term support. Sales pressure dominated XRP for over 7 days. However, on January 4, demand for tokens surged. As a result, the price has risen to $ 0.9102, a month-long resistance.
At the time of the press, the sixth largest cryptocurrency traded at $ 0.7342 with a 2.34% price adjustment in the last 24 hours. Regardless of price performance, it is important to note that the March 4 Ripple company donated $ 1 million to support Ukrainian families.
Freedom of mission
As Ukraine endured the invasion of territory from the Russian Federation, the crypto community has continued its efforts to support Ukraine. The Ukrainian government, which is numerous and numerous in terms of military power, has accepted assistance from those who lend it.
In that context, the largest recipient of cryptocurrency donations appears to be the “Ukrainian Reserve Fund” backed by the country’s native cryptocurrency exchange, Kuna. According to the official Telegram channel, the exchange has raised about $ 13 million in cryptocurrencies for Ukraine, primarily through BTC, ETH and USDT.
Ripple stands in Ukraine against the Russian invasion.Today we are donating a shared $ 1 million @refugees When @WCKitchen Strengthen their incredible efforts to support displaced persons in Ukraine and neighboring countries. 🇺🇦 pic.twitter.com/pzwn9A5EDr
— Ripple (@Ripple) March 3, 2022
Ripple’s CEO Brad Garlinghouse has accused Russia of invading Ukraine. Repeating the above tweets, we aimed to work with exchanges, NGOs and the global XRP community to provide maximum support to affected countries.
For the past few days, it’s been exciting to see people unite and show support in the crypto community and elsewhere. Cryptography is still an eternal power.
— Brad Garlinghouse (@bgarlinghouse) March 4, 2022
So far, more than 102,000 crypto assets have been donated to the Ukrainian government for a total of $ 54.7 million. Binance, Coinbase, and other well-known exchanges also contribute to that share.
Instant karma
Do good and good will come to you.
This was certainly the case for Ripple and Digital Tokens. The price of XRP has risen remarkably since February 2022. In the past week alone, price action has risen by 6%. In fact, XRP’s week-long social activity showed a bullish scenario following the aforementioned developments.
XRP Weekly Social Activities:
Galaxy Score ™ 63/100
AltRank ™ 102 / 3,586
123,193 social references
82,045,780 engagement
566 social contributors
1.17% social dominance
60,272 shared links
Price + 7.02% to $ 0.74 https://t.co/ct1XYO4NoR$ xrp #xrp— Nargish Akter (@ NargishAkter17) March 4, 2022
The 1-hour and 24-hour active address metrics showed a significant increase in the Santiment chart. This rise shows investor interest in XRP at current price levels. Higher active addresses don’t sound like a bullish trumpet. However, in many cases, the price will rise following a surge in the number of active addresses. At this point, some analysts may think that XRP is ready to move higher.
Source: Santiment
The bullish explanation may not apply to XRP, as the number of transactions executed on March 4 has dropped significantly. In fact, even after the $ 1 million donation was announced, XRP did not witness positive pricing behavior.
