TL;DR Ripple whales have changed their attitude toward the asset by disposing of roughly $800 million worth of it since the start of the month. This concerning trend only strengthens the narrative that the SEC lawsuit closure was a typical sell-the-news event. Ripple Whales Are Selling As with all other cryptocurrencies, Ripple whales’ behavior is […]
TL;DR Despite its substantial price surge in the past several months, XRP failed to break its 2018 all-time high but came agonizingly close. It has retraced substantially since then, alongside the rest of the market, but ChatGPT believes there are certain factors that could restart its bull run. What Happened With XRP? CryptoPotato reported recently […]
TL;DR Despite the recent calamity in the crypto market, Standard Chartered reportedly forecasts a surge to $5.50 for XRP this year and $12.50 before the end of his term. While some analysts see bullish signals like an MACD breakout, others warn of a potential drop to $1.30 as the asset trades just below $2. Gigantic […]
Ripple’s native token became one of the poorest performers over the past few weeks, even though the lawsuit against the SEC ended. But there’s more, so let’s hop in on the latest developments in its ecosystem. Record-setting minting of RLUSD Ripple’s native stablecoin, which saw the light of day in mid-December after years of development […]
TL;DR Although the entire cryptocurrency market has been hit in the past several days, some altcoins are performing worse than others. Interestingly, XRP is among the biggest losers even though the company behind the token got some big and positive news this month. XRPUSD. Source: TradingView The middle of the graph above demonstrates a big […]
Ripple recently faced rejection at the 100-day MA of $2.5, leading to a substantial decline. However, the price is now approaching a confluence of key support zones, increasing the likelihood of consolidation in the mid-term. XRP Analysis By Shayan The Daily Chart XRP recently encountered heightened selling pressure at the critical 100-day moving average ($2.5), […]
After five weeks of continuous outflows, digital asset investment products saw a turnaround last week, attracting $644 million in inflows. This pushed total assets under management up by 6.3% from their March 10 low. The reversal was further validated by daily inflows throughout the week, breaking a 17-day streak of outflows. According to the latest […]
TL;DR Although both ADA and XRP are down on a weekly scale, their performance could reverse in the short term, as suggested by a popular metric that has flashed a buy signal. Interestingly, the projects behind both assets have been linked in the past and are expected to announce a joint venture soon. The metric […]
TL;DR The XRP army got the news it was waiting for earlier this week, as company CEO Brad Garlinghouse triumphantly announced the closure of Ripple’s legal case against the SEC. With such a big burden behind it, how high can XRP go? Here’s what ChatGPT had to say. How High (XRP)? The native token of […]
TL;DR Ripple whales have been on an accumulation spree in recent weeks, and the question remains whether they are building positions for a future rally. Such a run could be propelled by a potential conclusion of the years-long lawsuit between the company and the US Securities and Exchange Commission. Ever since Trump won the US […]