XRP has broken below the critical $1.20 support level, confirming a strong downtrend and shifting market control to sellers. The price is now trading near $1.17, with the old support turning into resistance. The Relative Strength Index (RSI) shows extreme overselling, indicating intense selling pressure but also the potential for a short-term bounce. If XRP fails to hold the next support at $1.15, it could fall further toward $1.00. Recovery requires reclaiming $1.20 with high volume and challenging the long-term downtrend. This decline is part of a broader market sell-off affecting major cryptocurrencies.
XRP is experiencing one of its deepest Relative Strength Index (RSI) resets ever, indicating a sharp momentum drop but maintaining key support levels. This RSI collapse aligns with a $60 million open interest reduction, mainly due to liquidations on ...
XRP has fallen below a multi-month triangle support, confirming a bearish trend shift with a 4% daily and 14% weekly decline to $1.14. Analyst CasiTrades identified a five-wave pattern indicating further downside, with the active third wave targeting...
On June 4, no new Ripple USD (RLUSD) stablecoins were minted, while $27.5 million worth of tokens were removed from circulation. This follows a trend seen in May where minting paused briefly while significant token burning occurred. The activity shif...
XRP fell 7% to around $1.15, hitting its lowest level in four months after breaking key support at $1.25. This decline comes despite $20.3 million in weekly inflows into XRP investment products and a significant outflow of over 25 million XRP from ex...
SBI Holdings CEO Yoshitaka Kitao expressed optimism that the U.S. CLARITY Act, currently advancing in the Senate, could positively impact the cryptocurrency market, including Ripple (XRP). The act aims to reduce regulatory uncertainty, which would lo...
