The 3.32% loss within the crypto market has stalled the recovery attempts. The assets are bleeding in pain, shedding the recent gains. Bitcoin (BTC), the largest asset, is hovering $115.2K, while Ethereum (ETH), the largest altcoin, currently trades at $4.2K. Notably, Ripple’s XRP has been trapped in a bearish hold.
The day opened with a bear growl, with the crypto assets in painful red vibes. Assets are losing their ground, like waiting for heavy storm clouds. The overall market sentiment is greedy, as the Fear and Greed Index value settled at 60. Notably, Ripple’s XRP has slipped by over 2.06%,
The crypto market has posted a spike of over 3.11%, sending the market cap to $3.86 trillion. With the neutral market sentiment, the majority of the assets are charted in green, attempting a breakout to hit new highs. Notably, Bitcoin (BTC) is trading at $116.6K, and Ethereum (ETH) hovers at
XRP has made a great milestone by surpassing its all-time high that was recorded back in 2018. The altcoin has made an outstanding rally, reaching a high of $3.665. This explosion is a major breakthrough in the digital asset community in the world. The market capitalization of the token has
Market analyst EGRAG Crypto has highlighted an imminent decision point for XRP as the cryptocurrency trades near the apex of a multi-month falling wedge pattern. His recent “tick tock” commentary suggests limited time remains for the current consolidation phase, with chart analysis indicating XRP must soon break either upward or
Ripple is making a big move in Asia’s Web3 space by launching a fresh grant initiative aimed at accelerating blockchain innovation in Japan. The company announced on June 9 that it has teamed up with Web3 Salon, a project backed by Japan’s External Trade Organization (JETRO) and driven by the
The legal war of Ripple Labs and the SEC of the United States reached another precarious stage on June 5, as a court deadline stared down investors. Since Judge Analisa Torres denied the joint motion filed for an indicative settlement ruling on May 15, XRP price has dropped by 18%,
In a major development for the XRP community, Uphold, a well-known crypto trading platform, has partnered with Flare Networks to launch a new DeFi staking feature for XRP holders. This initiative allows users to stake their XRP coins, essentially lending them to the network in return for potential rewards. The
After recording a positive market trend, XRP’s long-term price behavior shows recurring trends when viewed on the monthly time frame. These trends emerge clearly through analysis of XRP’s position in relation to the 21-month Exponential Moving Average (EMA). Historical data across three distinct market cycles reveals consistent phases of decline
The crypto market is rebounding once again, and virtual assets are having significant gains, and different cryptocurrencies are set to hit new all-time highs. Following this, XRP has carried on its upward trajectory after the speculations of spot ETF approvals in the US. At the same time, the overall market
