Ripple Whales Control Nearly 70% of Supply as XRP Eyes Major Breakout
Large XRP holders are continuing to accumulate even as the market remains sensitive to regulatory developments.
Bitcoinist·
XRP’s $100 price target is one of the most recurrent projections in the crypto market, but EGRAG CRYPTO’s macro analysis is not built around instant gratification. The analyst is instead looking at the stages that may come before any move into triple digits, arguing that the altcoin still has to pass through a difficult sequence […]
Read full articleLarge XRP holders are continuing to accumulate even as the market remains sensitive to regulatory developments.
XRP price started a steady increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.520 zone. XRP price started a steady increase above the $1.50 zone. The price is now trading above $1.480 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.520. XRP Price Aims for Fresh Increase XRP price started a fresh upward move above $1.450 and $1.4650, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.480 resistance. There was a break above a bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair. The bulls even pumped the price toward the $1.520 zone. A high was formed at $1.5496, and the price started a consolidation phase. There was a minor decline below the 23.6% Fib retracement level of the upward move fr
A user lost 6,000 XRP after falling for a scheme that promised to double their funds. That case is one of several being reported as scammers step up their efforts against XRP Ledger users, prompting a public warning from Ripple’s former chief technology officer. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance Fake Offers Hiding In Plain Sight David Schwartz, known online as JoelKatz, posted the alert on X after what he described as a sharp rise in fake airdrop and giveaway activity. He warned that nearly all such offers seen across social platforms are fraudulent, and that anyone claiming to be him on Instagram, Telegram, or similar apps is almost certainly running a scam. The warning came alongside reports from others in the XRP space. XRPL blockchain explorer Bithomp flagged a specific trick where scammers send unsolicited NFTs to user wallets. SCAM ALERT: There has been a huge escalation lately in airdrop and giveaway scams targetting XRPL use
The post XRP Rising Correlation Index Signals Shift In Binance Trading Activity appeared on BitcoinEthereumNews.com. XRP Rising Correlation Index Signals Shift In Binance Trading Activity | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person’s existence. Not illusions, but dreams are what I pursue. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/xrp-rising-corre
XRP’s ongoing sideways price action has started to influence the behaviors of investors on major cryptocurrency exchanges. Data shows that the correlation index between price action and cumulative volume delta (CVD) is undergoing a crucial shift that could play a role in the market’s direction. A Notable Rise In XRP Price-CVD Correlation While the XRP […]
The post Analyst Reveals What CLARITY Act Passing Today Means for Bitcoin, Ethereum and XRP Prices appeared on BitcoinEthereumNews.com. The post Analyst Reveals What CLARITY Act Passing Today Means for Bitcoin, Ethereum and XRP Prices appeared first on Coinpedia Fintech News The CLARITY Act cleared the Senate Banking Committee on Thursday in a 15-9 vote, marking the most important step yet for the most important crypto regulation bill in US history. Markets responded immediately. Bitcoin climbed to $81,449, Ethereum rose to $2,288, and XRP surged 4.51% to $1.49, leading major altcoins higher on the news. Crypto analyst Michaël van de Poppe broke down what comes next and what it actually means for prices across the major digital assets. The Path Forward Is Not Simple Van de Poppe opened up about the procedural challenges still ahead. The bill now moves to the full Senate where it needs 60 votes to pass. Only two Democrats joined Republicans on the committee vote, which means significant
The post Examining whether Ondo’s rejection at $0.47 opens door to $0.26 appeared on BitcoinEthereumNews.com. Ondo [ONDO] witnessed an 8.93% drop in Open Interest in the past 24 hours, and its price was down 4.78%. The altcoin has some upward momentum still – it has rallied 12% over the past week. This Open Interest depression signaled that speculators were likely in the process of exiting the market, awaiting the next strong trend. It must be noted that the altcoin challenged the $0.47 local high on Saturday, the 9th of May. Source: ONDO/USDT on TradingView In a recent report, AMBCrypto had warned that the 1-day structure remained bearish. A rally up to the 78.6% retracement level at $0.413 was anticipated, with a small chance of $0.47 being tested before a bearish continuation. News that a team-linked wallet moved Ondo tokens worth $63.9 million to Coinbase had already warned of potential sell pressure. Though momentum was strong recently, the bearish outlook appeared to have held so
David Schwartz warned XRP Ledger users about rising airdrop and giveaway scams targeting the community. The Ripple CTO Emeritus said impersonators on Instagram, Telegram, and other platforms are likely scammers. David Schwartz Warns XRP Users as Fake Airdrops Spread David Schwartz, CTO Emeritus at Ripple, alerted XRP Ledger users on May 13 to a sharp […]