On August 11, cryptocurrency markets displayed mixed performance. XRP remains bearish, trading near $1.03 with resistance at $1.07-$1.18 and risk of further decline if it falls below $1.00. Zcash holds a stronger technical position above key moving averages around $505, but needs to break $520 to gain upward momentum. Ethereum is attempting recovery near $1,900 but faces resistance at $1,923; a break above $1,950 could lead to a test of $2,000 and higher. Bitcoin consolidates around $64,800, supported by short-term averages, but must surpass $66,800 to challenge $72,000. Overall, the market lacks a clear trend, signaling cautious investor sentiment and potential volatility ahead.
An analyst from Mango Research predicts XRP could fall to the $0.80-$0.91 range before a bullish reversal. XRP has been trading within a year-long descending channel, and a breakout above this channel could push the price to about $1.62. However, bea...
XRP price is trading around $1.03, close to the critical $1 support level, after failing to reverse its bearish trend. Technical indicators show sellers dominate, with XRP below major moving averages and weak momentum signals. A drop below $1 could l...
Ripple's validator voted in favor of two XRP Ledger amendments, XLS-65 and XLS-66, which introduce single-asset vaults and a fixed-term lending protocol at the ledger level. These changes aim to enable native lending services using XRP and other XRPL...
Ripple has minted $10 million worth of RLUSD on the XRP Ledger in a scheduled issuance. This event coincided with a significant increase in transactions and movements among large XRP holders, known as whales. The surge in whale activity suggests grow...
XRP closed the week at $1.09, its lowest weekly close in almost two years, and has continued sliding to around $1.03, down 3.47% over the past week and 43.94% year-to-date. This decline contrasts with gains in nearly all other major cryptocurrencies,...
