Ripple's XRP price fell more than 15% from its June 16 peak of around $1.29 to about $1.057 by June 24, pressured by profit-taking after Ripple's EU regulatory approval and weak Bitcoin performance. Technical analysis shows a descending wedge pattern that could signal a potential rebound if XRP breaks above resistance levels near $1.13 to $1.19. Meanwhile, XRP availability on Binance surged, lowering the Scarcity Index to 0.34, which may limit price gains unless buying interest grows. Derivatives markets saw $13.53 million in liquidations, mostly from bullish bets, indicating bearish momentum. Key support levels to watch are $1.08, $1.05, and $1.00.
Japan's Financial Services Agency has approved Ripple's RLUSD stablecoin as an electronic payment instrument, allowing trading on SBI VC Trade's platform for both retail and institutional investors. This marks a significant regulatory milestone in Ja...
XRP's price fell sharply to around $1.08, dipping below $1.05, following Bitcoin's drop below the $60,000 mark. This decline is not due to XRP-specific issues but rather its historical tendency to amplify Bitcoin's downward moves, losing nearly twice...
Bitcoin and USD Coin experienced significant net outflows totaling around $760 million combined, while Tether (USDT) recorded notable inflows, indicating a rotation of liquidity rather than a full market exit. This shift reflects traders repositionin...
Bitcoin and Ethereum prices fell about 3% amid a shift in trading activity toward stablecoins and derivatives, indicating growing volatility and cautious investor behavior in the crypto market. Bitcoin traded near $60,722 and Ethereum at $1,619, with...
XRP faces a significant increase in token supply on Binance, causing its scarcity index to fall to a three-month low. This abundance reduces the likelihood of a price rally as demand fails to absorb the surplus. The drop in scarcity led to $13.5 mill...
