XRP has surged about 25% from its June low of $1.03, driven by significant whale activity withdrawing over 720 million tokens from exchanges, with Binance alone accounting for 425 million. Technical analysis shows a bullish breakout from a symmetrical triangle pattern, targeting $1.30 next, while long-term charts suggest potential for much higher prices if support holds. Despite this rebound, XRP remains 32% below its year-start value, and some analysts warn of possible further dips before a strong rally. The current negative Sharpe ratio historically signals potential for gains exceeding 50%, indicating a possible accumulation phase among large holders.
XRP briefly surged to $1.30 following a breakout from a symmetrical triangle pattern but quickly reversed, struggling to maintain support above $1.21. Technical indicators now show bearish signs, with trading volume down 44%, suggesting weak buyer co...
Plasma (XPL) fell 3.53% to around 164 Korean won after a recent surge, but maintained high trading volume of about 39.97 billion won ($29 million), indicating sustained market interest. Despite the price pullback, traders see this as a reset rather t...
XRP's price has climbed back near $1.20 primarily due to strong buying in the spot market, with spot cumulative volume delta (CVD) reaching its highest since mid-May. However, Binance perpetual traders are heavily short, with a record negative CVD, i...
XRP dropped about 2.5% to $1.19 after briefly surpassing $1.22, as heavy selling pushed it below the crucial $1.20 level. Buyers stepped in around $1.18, preventing a deeper decline and maintaining support above the $1.17–$1.18 zone. This pullback fo...
Cryptocurrencies including bitcoin and ether dropped after the Federal Reserve kept interest rates steady but signaled a more hawkish stance on inflation, suggesting rates may stay higher for longer. This tightening of financial conditions weighed on...
