XRP's short-term traders are experiencing significant losses, with a 30-day MVRV ratio showing an average 47% unrealized loss, indicating weak confidence and potential undervaluation. However, historical data suggests such negative readings can persist for months before a price bottom is reached. Currently, XRP is testing a key support level around $1.30–$1.35, with a potential breakdown target near $0.99, implying a 25% drop. Broader macroeconomic factors, including hawkish central banks and rising bond yields, are also pressuring XRP, limiting short-term upside despite long-term holders accumulating the dip.
On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...
XRP's average trader returns have dropped to their lowest point in six years, with a 30-day MVRV ratio indicating deep undervaluation and traders down about 47%. Historically, such extreme negative readings often occur near market bottoms, suggesting...
The crypto market continued its decline with total capitalization dropping 1.5% to $2.53 trillion and Bitcoin falling nearly 3% to around $75,000. This selloff is driven by macroeconomic uncertainty, significant outflows from Bitcoin and Ethereum ETF...
XRP price is trading within a tight range between $1.30 and $1.34, with repeated failed attempts to break above the key resistance near $1.36. Despite a failed breakout and increased market fear, sellers have not pushed the price below $1.30, suggest...
Bitcoin dropped to $75,498 during Asian trading, diverging from the global stock market's record highs. Major cryptocurrencies like XRP, Ethereum, and Solana fell nearly 1%, while Zcash saw a sharp 9% decline. Bitcoin is near its 50-day moving averag...
