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.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Ripple executives urged the U.S. Senate to pass the CLARITY Act, warning that rejecting the bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse. The Act aims to clarify oversight by sharing authority between...
