XRP’s momentum coincides with weakness in Bitcoin and Ethereum.
XRP now trades at the apex of a symmetrical triangle, which is a bearish impulse.
XRP (XRP/USD) has gained 10% on Tuesday and was seen trading above $1.60. Just one month ago XRP price was at $1.32, which means that it is also up more than 20% over the past month.
Why is XRP benefiting from buying momentum amid a broader selloff in cryptocurrencies? Let’s take a look and then we will evaluate a trading decision and answer if XRP is a buy now.
XRP is pushing ahead
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Ripple Partners with Sustainability Leaders to Reach Goals by 2030 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Net zero is eating all other corporate climate language.
Two years ago, I regularly saw headlines about corporate renewable energy targets in my daily diet of newsletters and PR pitches. Now those announcements are rare. Corporations are all about net-zero goals.
While the name may be different, fundamentally the strategy is similar to earlier climate commitments: reduce emissions as quickly as possible.
Corporate energy leaders can drive decarbonization in the power sector
Corporations have long been a driving force in spurring solar and wind installations. They’ve helped drive new procurement models that make clean energy accessible to more types of buyers and signal to the market that there is an appetite for renewable electricity.
Corporate jet-setters boost sustainable fuel
THE BIG IDEA
Major U.S. airlines including United Airlines are partnering with corporate customers to boost the use of sustainable aviation fuel, which accounts for less than 1 percent of the more than 90 billion gallons of jet fuel burned each year. | Jeff Chiu/AP Photo
CLEANING UP CORPORATE TRAVEL With business travel expected to rebound this year, some of the world’s biggest corporations are taking a hard look at how its jet-setters affect the planet.
In April alone, Microsoft, Siemens and Deloitte were among at least 14 companies that pledged to purchase sustainable aviation fuel, one of the few promising climate solutions airlines have to directly reduce their pollution, your host reports with POLITICO’s Stephanie Beasley.