XRP’s Next Bullish Wave Depends on These Crucial Price Levels: Analyst
XRP tried to escape consolidation once again but a familiar resistance was too strong.
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XRP whale withdrawals from Binance hit nearly daily since May 3, with 403M tokens pulled as price climbs toward $1.47. What does the data say? The chart said what the price had not yet confirmed. Something changed on Binance around May 3. Since that date, large XRP whale withdrawals from the exchange have appeared almost […] The post XRP Whale Withdrawals Go Daily on Binance, 403M Gone Since May 3 appeared first on Live Bitcoin News.
Read full articleXRP tried to escape consolidation once again but a familiar resistance was too strong.
XRP is experiencing a significant price retracement after being rejected at $1.55. So far in May, the altcoin’s price movement has been unstable, with each gain followed by a prominent dip, yet it has formed an ascending trendline. XRP finds itself in a similar situation as prices have corrected by over 7% in the past three days. Notably, the market analysis page, MCO Global, has shared some insights on this situation, discussing the altcoin’s potential to sustain its trendline or be exposed to major downside targets. Related Reading: XRP Leverage Expansion Raises Risks Near $1.50 Resistance – A Big Move May Follow XRP Recovery Hinges On Pivotal $1.40 Support In an X post on May 15, analysts from MCO Global have highlighted the key short-term price levels in the present XRP market structure. Given the volatile action over the past two weeks, experts concur that market participants are nervous about price direction. However, amid this choppy price action, XRP has maintained an important
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Binance captures 78% of May inflows as leverage stays low and Coinbase Premium signals weak U.S. spot demand. May is showing signs of recovery as exchange inflows rise and capital moves toward Binance. Market data shows $3.3 billion in net inflows month to date. About 78% of that capital has entered Binance, compared with its […] The post Binance Dominance Signals Deeper Liquidity As May Inflows Reach New Highs appeared first on Live Bitcoin News.
A $75 million loan backed by nearly half a billion dollars worth of a company’s own tokens is now at the center of a Senate push to get regulators involved in the Trump family’s crypto operations. The Loan That Raised Questions World Liberty Financial, the crypto project tied to US President Donald Trump and his family, reportedly used around $440 million worth of its WLFI governance tokens as collateral to borrow money through Dolomite, a decentralized lending platform. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months The transaction produced roughly $65 million in the company’s own USD1 stablecoin and another $10 million in USDC. What made the deal stand out was the timing. Regular investors who held WLFI tokens were still locked in — blocked from selling — while the transaction went through. Shortly after, the token’s price dropped nearly 10% to a record low. Senator Elizabeth Warren sent a letter to SEC Chair Paul Atkins on May 14 asking the agency to look in
Failed transactions on the XRP Ledger climbed sharply this week alongside a burst of new user activity, as on-chain data pointed to a wave of participation that accompanied the token’s latest price recovery. Wallets Running Toward 8 Million Total activated accounts on the XRP Ledger reached 7,856,080, putting the network within striking distance of a milestone that has been building for months. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance That figure was pushed higher by a surge in new wallet creation — 3,317 fresh wallets were added in a single day, the strongest reading since March 19. New wallet activity had been relatively quiet for much of May, dipping to around 2,200 on May 10 before climbing back up in the days that followed. Active addresses on the network also jumped. According to Santiment, 48,453 unique addresses were active within a 24-hour window — the highest count since March 30. XRP’s price had climbed above $1.54 during that p
The XRP Ledger's actitivity reached a multi-month high of its own.