XRP fell almost 5% on June 4, entering a historically weak month for the cryptocurrency during U.S. midterm election years, with prior June losses ranging from 17% to 39%. Despite this, XRP investment products saw $20.3 million in weekly inflows, even as broader crypto funds faced outflows. XRP is currently oversold and trading near key support levels around $1.10, with potential for a rebound if it breaks above a descending trendline. Investors should watch for a daily close below $1.10, which could lead to further declines toward $1.00 or $0.90.
XRP has broken below the critical $1.20 support level, confirming a strong downtrend and shifting market control to sellers. The price is now trading near $1.17, with the old support turning into resistance. The Relative Strength Index (RSI) shows ex...
XRP is experiencing one of its deepest Relative Strength Index (RSI) resets ever, indicating a sharp momentum drop but maintaining key support levels. This RSI collapse aligns with a $60 million open interest reduction, mainly due to liquidations on ...
XRP has fallen below a multi-month triangle support, confirming a bearish trend shift with a 4% daily and 14% weekly decline to $1.14. Analyst CasiTrades identified a five-wave pattern indicating further downside, with the active third wave targeting...
On June 4, no new Ripple USD (RLUSD) stablecoins were minted, while $27.5 million worth of tokens were removed from circulation. This follows a trend seen in May where minting paused briefly while significant token burning occurred. The activity shif...
XRP fell 7% to around $1.15, hitting its lowest level in four months after breaking key support at $1.25. This decline comes despite $20.3 million in weekly inflows into XRP investment products and a significant outflow of over 25 million XRP from ex...
