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 the 1.618 Fibonacci level near $0.92. A short-term bounce could push the price back to around $1.20 before continuing lower toward a final target near $0.87. Market data shows heavy liquidations of long positions and reduced open interest, reflecting strong selling pressure and trader repositioning.
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...
SBI Holdings CEO Yoshitaka Kitao expressed optimism that the U.S. CLARITY Act, currently advancing in the Senate, could positively impact the cryptocurrency market, including Ripple (XRP). The act aims to reduce regulatory uncertainty, which would lo...
XRP's price dropped to $1.14, with Ripple's former CTO David Schwartz stating crypto prices often defy logic amid retail investor frustration. Cardano's ADA hit a 5-year low at $0.1917 as founder Charles Hoskinson announced a break following internal...
A leading developer in the XRP Ledger ecosystem, known as Cauliman, has dismissed public XRP price predictions, emphasizing his commitment to building products on the XRPL rather than speculating on price targets. Despite XRP's recent price struggles...
