XRP's burn rate, which reflects the amount of XRP destroyed as transaction fees, fell nearly 35% in 24 hours, signaling reduced network activity. This decline comes as XRP's price struggles to recover fully, currently trading around $1.34 after dipping below $1.2 earlier in the week. The drop in burn rate suggests waning demand despite mild price gains, indicating cautious investor sentiment. Analysts see mixed signals but suggest XRP could prepare for a stronger price recovery if momentum improves.
Crypto analyst Dark Defender identifies $0.9852 as the Wave 2 low for XRP and suggests a reversal is underway, targeting $1.12 as the first resistance level. The analysis highlights an oversold daily RSI of 33.22 and places $1.12 at the 23.6% Fibonac...
On November 13, XRP futures open interest on MEXC increased by 11.8% to $242.95 million, while total XRP futures open interest across all exchanges slightly declined by 0.33% to $2.26 billion. Open interest reflects the number of active futures contr...
Hyperliquid (HYPE) increased by 6.43% to $74.32 as of Nov. 13, marking the only gain among four tracked tokens. Meanwhile, major cryptocurrencies Ether (ETH), BNB, and XRP declined, with ETH down 2.28% to $1,955.15, BNB down 2.15% to $640.25, and XRP...
SHIB topped the Korean crypto interest index with 86.1 points, showing strong domestic trading concentration despite a week of losses among the top tokens. WLD had the highest ratio of domestic to overseas trading at 21.3 times, followed by ONDO and ...
Ripple's U.S.-dollar stablecoin RLUSD has overtaken PayPal's PYUSD to become the seventh-largest stablecoin by market capitalization, with RLUSD valued at about $2.7 billion compared to PYUSD's $2.6 billion. This milestone highlights RLUSD's signific...
