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.
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...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
The XRP Ledger's fixCleanup3_2_0 amendment has entered its final two-week activation countdown after securing 85.71% validator support, surpassing the required 80% threshold. This upgrade bundles multiple protocol fixes for lending, permissioned doma...
XRP has risen 5% recently and is testing resistance at $1.13 amid a potential inverse head and shoulders pattern signaling a 20% rally to $1.45. This bullish setup is supported by positive momentum indicators and hopes of a delayed Fed rate hike. How...
Paradex, a decentralized derivatives exchange, has integrated a Request for Quote (RFQ) engine that recently executed a $23 million XRP options block. This integration aims to enhance on-chain liquidity for XRP options by combining on-chain and off-c...
