XRP and BTC Trade Amid Market Turmoil

Ripple's price has been trading in a neutral range-bound stance as it sits between clustered moving averages and higher trend resistance, currently hovering around $1.300.

This is according to recent analysis from FXStreet, which notes that XRP is marginally above the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.284 and $1.255 respectively, indicating underlying demand in the $1.250-$1.280 area.

However, XRP remains capped by the 200-day EMA at $1.353 overhead.

In other news, Zcash holders have voted in favor of the next major network upgrade, NU7, which will increase its transaction speed to 25 seconds per block and maintain a Bitcoin-inspired halving schedule.

The upgrade is expected to benefit the network as it aims to improve its scalability and security features.