MoonLambo's host Matt highlights a PMI reading of 55.6, the first above 55 in over five years, as a key sign that crypto markets are nearing the end of a mid-cycle correction rather than entering a prolonged bear market. This PMI level historically precedes stronger crypto market moves by 3-6 months, suggesting a potential altcoin rally, including XRP, could happen by late 2026 or early 2027. Despite current low volatility and sideways price action, Matt views this as an accumulation phase, supported by signs of risk appetite in small-cap equities and commodities like copper. XRP's technical levels indicate possible upside if it holds above $1.06, with targets up to $1.64, while a drop below $1 could still occur without signaling a major cycle low.
XRP is under pressure due to declining institutional demand and ongoing uncertainty about U.S. crypto regulations, particularly the stalled CLARITY Act. On August 5, XRP ETFs saw $3.58 million in outflows, contrasting with Bitcoin and Ethereum funds....
A crypto analyst compared Stellar (XLM) and XRP wallets, showing that reaching the top 1% in Stellar requires about $2,000 worth of XLM, while XRP needs nearly $48,000. This difference is due to token prices and wallet distribution, with Stellar havi...
The crypto market is mostly flat today with Bitcoin trading around $64,387, up slightly by 0.13%. Despite the calm, most major cryptocurrencies have lost significant value this year, with Ethereum down 35.76% and Bitcoin down 26.43%. Only a few coins...
Over $162.95 million in leveraged crypto positions were liquidated within 24 hours, mainly affecting short sellers on Bitcoin and Ethereum. This short squeeze occurred as Bitcoin rose about 0.83% to $64,539 and Ethereum increased 1.79% to around $1,9...
Evernorth's Chief Business Officer Sagar Shah emphasizes that XRP's true value is in its ability to facilitate quick, efficient, and low-cost cross-border payments rather than its market price. XRP was designed as a bridge asset to improve liquidity ...
