Despite the prevailing declining trend, the XRP price action is revealing a bearish falling wedge pattern that could potentially lead to a bullish outcome. The recent market crash has pushed the Ripple token below the crucial $0.50 psychological mark, raising concerns among investors. However, with the latest XRP price recovery
July 12, 2024 2 mins read
Ray Trader, a prominent crypto analyst, has recently shared his projection for Cardano (ADA), forecasting the cryptocurrency to reach $9 upon the completion of a robust Elliott Wave pattern. In his analysis, the market watcher identified a specific level he believes represents an opportune entry point for investors looking to
July 11, 2024 2 mins read
Crypto Bitlord, a well-known commentator in the cryptocurrency scene with over a decade of experience, has issued a strong call to market participants, urging them to buy and hold Ripple XRP. In a post on X, Crypto Bitlord noted that this is not the time to overlook XRP. This updates
July 11, 2024 2 mins read
Solana (SOL) is setting its sights on joining the elite group of assets poised to receive their own spot Exchange Traded Fund (ETF). This development could mark a turning point for the altcoin, which has been grappling with a lack of significant recovery in recent weeks. Solana’s Spot ETF Journey
July 10, 2024 2 mins read
Ripple recently sent a substantial amount of XRP tokens from its reserves to several different crypto wallets. The transaction, which involved approximately 150 million XRP worth around $66 million, has drawn attention from the crypto community, although it did not have an immediate impact on the price of XRP. Ripple’s
July 10, 2024 2 mins read
The Ripple Network (XRP) experienced a remarkable surge in adoption rate on July 8, causing the total transaction count recorded on that day to reach levels last seen in February. This increase in user demand on the network also triggered a rally in XRP’s trading activity, with the altcoin’s daily
July 9, 2024 2 mins read
Ethereum’s recovery rally has gained momentum, with the price jumping in the last 48 hours, as Bitcoin sustains its position above the crucial $56,000 support level. The recent surge in ETH’s price, coupled with $52M in short-side liquidations, suggests that the bearish grip on the Ethereum price trend is loosening.
July 9, 2024 2 mins read
The Chicago Board Options Exchange (CBOE) has submitted form 19b-4s to the United States Securities and Exchange Commission (SEC) for the approval of Solana exchange-traded funds (ETFs). This move marks a crucial step towards the potential listing of Solana ETFs on regulated exchanges, opening up new investment opportunities for institutional
July 9, 2024 2 mins read
Dogecoin (DOGE), the popular meme coin, has witnessed a decline in its derivatives market activity, with the total open interest cratering to $2.51 billion as of writing. This marks the lowest level of open interest since the beginning of the year, indicating a substantial decrease in the number of outstanding
July 8, 2024 2 mins read
Cardano (ADA) has been grappling with the aftermath of a bearish onslaught over the past few weeks, resulting in its price continually setting new lows. Currently, ADA is trading at $0.3633, having lost 5.50% of its value over the past day and a substantial 22.1% over the past month. Despite
July 8, 2024 2 mins read