Market strategist Celal Kucuker predicts a major breakout for XRP, potentially pushing its price from $1.43 to $17, which would raise its market cap to about $1.05 trillion, surpassing Ethereum's current $267 billion. XRP is currently trading below the $1.50 resistance level but shows strong chart structure and growing whale accumulation, with large holders controlling over 68.5% of circulating supply. The upcoming Senate Banking Committee's markup of the CLARITY Act on May 14 is seen as a potential catalyst that could increase XRP's classification as a commodity and trigger price volatility.
XRP holders are increasingly realizing losses amid weakening market sentiment, signaling intense capitulation, according to Glassnode. The 90-day average of XRP's Realized Profit to Loss Ratio dropped to 0.38, indicating losses now outweigh profits, ...
The crypto market is experiencing a sharp crash with Bitcoin falling near $61,000 and Ethereum close to $1,700, while major altcoins also decline. This downturn coincides with a broader market correction as US stocks, gold, silver, and oil prices dro...
BNB briefly rallied following the launch of VanEck's BNB ETF in the U.S., but the fund attracted only $2 million in net inflows, failing to sustain the rally. The token is now testing the critical $600 support level and could drop 12% to $520 if bear...
Glassnode's latest data reveals that XRP is unlikely to rally soon due to a severe drop in network activity and a high level of loss-making positions among holders. The realized profit/loss ratio has fallen drastically, with 41.5% of XRP coins underw...
Ripple Prime has been selected to participate in the Depository Trust & Clearing Corporation (DTCC) tokenization initiative alongside major financial institutions like BlackRock and JPMorgan Chase. The program aims to shift traditional financial asse...
