XRP Crashing? Analyst Sounds Alarm On Looming Price Threat
An analyst is expressing apprehension regarding the price movement of XRP, cautioning that the cryptocurrency may be on the brink of a significant decline. A bearish price pattern is forming on the charts, which, if confirmed, could result in a significant selloff. This is the source of the jitters, crypto analyst Steph said. Some traders are now of the opinion that the future of XRP is contingent upon its ability to maintain a critical support level. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Head And Shoulders Pattern Causes Concern The chart of XRP....
Related News
While the Bitcoin community fixates on the upcoming halving and wavy interest in spot exchange-traded funds (ETFs), a looming threat could hinder its growth and adoption of the world’s most secure network: fragmentation of token standards. Token Issuing Standards On Bitcoin Fragmented In a post on X, one analyst pointed out the proliferation of competing token […]
In a recent development, a crypto analyst has warned of the possibility that the XRP may be manipulated as the discussion around the token’s value and future trajectory continues to heat up, especially in the wake of Ripple’s second victory against the US Securities and Exchange Commission (SEC). “Significant Market Manipulation” On The Horizon In […]
An interesting setup observed by crypto analyst Bitguru could suggest that the Dogecoin price is on the path to another major recovery. This setup has previously led to major rallies in the past, having produced similar results at two separate times. Thus, it is not a stretch that the crypto analyst expects that Dogecoin will replicate this move once the setup is complete again. Dogecoin Moving Out Of Consolidation The trend that the crypto analyst highlights has to do with the overall trend and movement of the Dogecoin price during each rally. So far, each rally seems to be mirroring the....
Singapore’s top financial regulator has signaled a tougher stance on stablecoins, saying only fully supervised tokens should be treated as reliable money for big transactions. Related Reading: From Burgers To Bitcoin: Why The McDonald’s McRib Season Has Traders Talking Bullish Regulators are moving to separate settlement-grade instruments from the rest of the market. The message […]
Bitcoin faced renewed selling pressure this week as large investment funds pulled money out at a pace not seen in months. Related Reading: Singapore Sounds The Alarm: Are Stablecoins The Next Financial Threat? Reports from Farside Investors showed that spot Bitcoin ETFs recorded about $866 million in withdrawals on Thursday, a sharp move that arrived […]