Recently, XRP price witnessed a decline below the $0.520 support level, indicating a bearish trend in the market. However, the price is currently trading above $0.5250 and the 100-hourly Simple Moving Average, suggesting a potential reversal in the near future. Despite the downtrend, there is optimism surrounding an upside break above the $0.5320 resistance level.
Bitcoin, the leading cryptocurrency, has captured the attention of many investors and traders due to its volatile nature. Recently, a crypto analyst known as ‘CrediBullCrypto’ has put forth a bold prediction of an ultra-bull scenario for Bitcoin, suggesting a potential price rally above $80,000 in the current market cycle. This forecast is based on key
The recent approval of a spot Ethereum (ETH) exchange-traded fund (ETF) by the SEC in the US could potentially set a precedent for classifying Solana (SOL) as a commodity rather than a security. This distinction between commodities and securities is crucial, as it impacts the ease of ETF applications and approvals. If Ethereum is classified
The recent announcement by Coinbase regarding the reintroduction of XRP support for New York-based users has sparked interest in the cryptocurrency community. This move signifies a collaborative effort between Coinbase and the state of New York to enable residents to trade and store Ripple (XRP) once again on the platform. The decision to bring back
Glassnode, an on-chain analytics platform, recently shed light on the reasons behind Bitcoin’s price drop below $70,000. According to the platform, the flagship cryptocurrency is not experiencing enough demand, which could potentially hinder its ability to reach new all-time highs. Glassnode’s market reports indicate that the influx of new capital into the Bitcoin network has
Recently, rumors of Bybit crypto exchange facing insolvency began circulating on social media. CEO Ben Zhou quickly addressed these rumors, claiming that they were baseless and lacking any factual support. He went on to share Bybit’s Proof of Reserves to reassure users that all assets are fully collateralized, with reserve ratios exceeding 100% for Bitcoin,
The digital asset landscape is constantly evolving, with new opportunities emerging for investors to diversify their portfolios and potentially achieve significant gains. One recent development that has caught the attention of many market participants is the transition of Floki holders to a new ICO called 5thScape. This shift in sentiment raises important questions about the
The cryptocurrency market has been buzzing with optimism as investors eagerly anticipate the peak of the ongoing bull cycle for Bitcoin. Crypto Con, a well-known crypto analyst and enthusiast, has made predictions about when Bitcoin will reach its highest point based on historical data and market trends. These insights have provided valuable information for investors
XRP price faced a fresh decline after struggling near $0.5570, leading to trimmed gains and trading below $0.5350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP/USD pair. Maintaining above the 100-hourly SMA is crucial to prevent a sharp
The LidoDAO (LDO) price has surged by 26% over the past week, prompting many investors to wonder if it’s too late to buy into this promising cryptocurrency. LDO serves as the native crypto for the decentralized Ether staking platform Lido and also functions as the governance token for the Lido decentralized autonomous organization (DAO). Despite