A major investor holding a $30 million leveraged long position in Ripple's XRP is under pressure due to recent price declines, risking forced liquidation. The investor is defending the position by adding capital, betting on a historical July price rally to recover losses. If liquidation occurs, it could trigger a sharp 'long squeeze,' causing widespread selling and further price drops. This situation highlights the fragility of the crypto derivatives market, where large leveraged positions heavily influence price movements and investor behavior.
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...
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...
