Will Ripple’s $1M donation to Ukraine help XRP go up the price chart
ambcrypto.comXRP has been decreasing in value since 6 September 2021. In fact, on 20 January 2022, the token went down further to reach its long-term support at $0.5812. The selling pressure dominated XRP for more than seven days. However, on 4 January, the token saw demand kick in. Consequently, the price increased to its month-long resistance at $0.9102.
At press time, the sixth-largest cryptocurrency wastrading at $0.7342, with a 2.34% price correction in the last 24 hours. Irrespective of its price performance, it’s important to note that Ripple firm on 4 March donated $1M to aid Ukrainian families.
The crypto community has been making an effort to aid Ukraine as the country withstands an invasion of its territory from the Russian Federation. Outnumbered and outmatched in terms of military force, the Ukrainian government accepted aid from anyone willing to lend it.
In that context, the biggest recipient of crypto donations appears to be the “Reserve fund of Ukraine,” backed by the country’s native cryptocurrency exchange, Kuna. According to its official Telegram channel, the exchange raised approximately $13 million in crypto for Ukraine, mainly through BTC, ETH, and USDT.
<p lang=«en» dir=«ltr» xml:lang=«en»>Ripple stands with Ukraine against the Russian invasion. Today, we're donating $1M shared between @refugees and @WCKitchen to bolster their incredible efforts helping displaced people in Ukraine and neighboring countries. Read more on ambcrypto.com
