Vee Finance, a decentralized finance platform, has officially confirmed its hack on Avalanche. On September 20, the hacker managed to transfer funds worth $35 million. In terms of assets, it was 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million). According to the report, the stablecoin was left untouched. As for the hacker, the report confirms that they have not yet transferred or processed the funds. The team is working to provide more details of the incident. Further,…
The XRP/USD price rose over the barrier at $0.2450. The topping of the price happened close to $0.2540 and started correction to the downside. Recently, there was a robust increment in the price over the barriers at $0.2400 and $0.2450. Further, the price moved to the upside over $0.2500 and settled over 100 hourly SMA.
However, the sellers successfully protected the gains over $0.2540 and $0.2550. The price formed a high close to $0.2540, and it began to retrace to the downside.
Additionally, a powerful fall ensued in Bitcoin following the failure to surge over the barrier zone at $9.2k. XRP price declined by over six percent and was able to break several supports close to $0.2450 and $0.2400.
Analyzing the XRP/USD Hourly Chart
The XRP/USD hourly chart reveals that the price broke below a key bullish trend line with support close to $0.2370. Currently, the price is under $0.2350 and the hourly SMA. It formed a low close to $0.2269, and it is now retracing higher.
The significant initial barrier for XRP is close to $0.2350 and the 100 hourly simple moving average. On the bearish side, the significant supports are close to $0.2240 and $0.2220, where buyers can take action in the near term. On the bullish side, XRP buyers should take the price over the barrier at $0.2400. I f the price closes over $0.2400, it may begin a new uptrend towards $0.2500 and $0.2550.