Ripple's XRP has declined 9% this week, continuing a downtrend since last year due to low network activity and increased supply. The price broke below a key support range and retested it, signaling potential further decline if another low is made. However, whale investors recently opened large leveraged long positions in XRP and Bitcoin, suggesting a possible bullish reversal. XRP's future largely depends on broader crypto market trends and whether whale buying can reverse the current bearish momentum.
Most major cryptocurrencies experienced price declines, including Bitcoin dropping 2.76% to $60,733 and Ethereum falling 3.24% to $1,608.71. Other notable coins like Binance Coin and XRP also saw decreases, reflecting a broad market pullback. A few t...
XRP's availability on Binance has increased significantly, with the Binance Scarcity Index dropping to 0.34, its lowest in over three months. This rise in supply comes as XRP's price fell 3.85% to around $1.06, reflecting growing selling pressure and...
Bitcoin fell sharply below the $60,000 level, hitting around $59,462 after a steep intraday decline driven by a sell-off in tech and AI stocks, sticky inflation, and hawkish Fed policies. The entire crypto market is down, with major coins like Ethere...
Blackrock, the world’s largest asset manager, recommends financial advisors consider allocating 1% to 2% of portfolios to Bitcoin as a complementary diversifier. This allocation is seen as carrying a risk profile similar to major tech stocks, making ...
XRP fell below the key $1.13 support level, confirming a bearish trend and increasing the likelihood of testing the psychological $1.00 mark. Multiple 4-hour candles closed below $1.13, indicating a sustained downtrend unless the price quickly recove...
