XRP's price fell sharply to around $1.08, dipping below $1.05, following Bitcoin's drop below the $60,000 mark. This decline is not due to XRP-specific issues but rather its historical tendency to amplify Bitcoin's downward moves, losing nearly twice as much on major BTC drops. Technical analysis shows a bearish trend with key supports at $1.28 and $1.11 broken, leaving $1.00 as the critical psychological floor. The near-term outlook depends heavily on Bitcoin's performance and the outcome of the CLARITY Act vote, which could trigger either a sharp rebound or further declines. Whales accumulating XRP and crowded short positions suggest potential for a volatile move either way.
Japan's Financial Services Agency has approved Ripple's RLUSD stablecoin as an electronic payment instrument, allowing trading on SBI VC Trade's platform for both retail and institutional investors. This marks a significant regulatory milestone in Ja...
Ripple's XRP price fell more than 15% from its June 16 peak of around $1.29 to about $1.057 by June 24, pressured by profit-taking after Ripple's EU regulatory approval and weak Bitcoin performance. Technical analysis shows a descending wedge pattern...
Bitcoin and USD Coin experienced significant net outflows totaling around $760 million combined, while Tether (USDT) recorded notable inflows, indicating a rotation of liquidity rather than a full market exit. This shift reflects traders repositionin...
Bitcoin and Ethereum prices fell about 3% amid a shift in trading activity toward stablecoins and derivatives, indicating growing volatility and cautious investor behavior in the crypto market. Bitcoin traded near $60,722 and Ethereum at $1,619, with...
XRP faces a significant increase in token supply on Binance, causing its scarcity index to fall to a three-month low. This abundance reduces the likelihood of a price rally as demand fails to absorb the surplus. The drop in scarcity led to $13.5 mill...
