Following the launch of spot XRP ETFs, conversations around whether XRP could face a supply shock have gained momentum. This renewed interest has intensified on the back of a drop in exchange reserves on platforms like Binance.
The debut of XRP ETFs has revived optimism in the market, especially as these products continue to attract large amounts of capital. For context, since their launch, the funds have pulled in roughly $666 million across 11 trading sessions.
A market pundit has suggested that it's interesting that Franklin Templeton sees XRP as foundational to global settlement, but not because of the potential price impact. This statement came from Tyler Hill, co-founder and CEO of Fluence, amid an impressive rise in institutional interest in XRP over the past few months.
Shiba Inu holds firm at the 20-day SMA as buyers defend key support but weakening momentum and mixed futures flows have begun raising questions. Shiba Inu is trading at $0.00000847, reflecting a 4.0% decline over the past 24 hours.
Ethereum rebounds above a major weekly support as volatility rises, with traders watching higher resistance levels for direction. Notably, Ethereum is trading at $3,164.58, showing renewed strength after a volatile start to the week.
Bitcoin is testing a key Fibonacci level as momentum shifts, with major resistance zones ahead. Bitcoin currently trades for $92,415, showing mild weakness over the past day as the market digests recent volatility.
A well-known crypto analyst has suggested that several investors would only FOMO into XRP when the price starts surging to new highs. XRP Market Sentiment Turns Sour Dark Defender, who has always maintained a bullish stance on XRP's price, said this at a time when XRP has continued to face struggles alongside the broader crypto market.
A crypto founder and XRP community figure says he has stopped looking at the XRP chart, instead paying closer attention to where he believes the "real signal" is. Versan Aljarrah, founder of the Black Swan Capitalist, revealed this in one of his recent commentaries at a time when the XRP price has continued to struggle.
Solana targets middle Bollinger Band resistance as support holds steady, with mixed sentiment in futures data. Solana (SOL) has increased by 1.5% over the past 24 hours, reaching a price of $143.20.
"All roads lead to Rome," analyst EGRAG says, as he suggests XRP could follow one of two paths to $27 after its triangle breakout. EGRAG presented this analysis while speaking on XRP's future prospects amid the recent market uncertainty.
Cardano faces key resistance at the 23.6% Fibonacci level, requiring bullish momentum to break this level for further upside potential. Cardano (ADA) has experienced a moderate positive movement, currently trading for $0.449, reflecting a 0.9% increase over the past 24 hours.
An XRP community pundit stressed that XRP rarely makes small moves when its supply tightens, and current market data suggests that supply is tightening now. The Next XRP Move Market commentator XFinanceBull said this while speaking on disclosures surrounding XRP's available supply from Mullen, another community figure.
Bitcoin is testing resistance on the daily Ichimoku Cloud while liquidation data shows heavy pressure on short sellers during its latest rebound. Bitcoin is maintaining a strong upward bias following a fresh intraday advance, trading near the upper end of its 24-hour range.
Maelius, an experienced market analyst, has predicted a possible XRP surge to a two-digit price, but insists this target remains conservative. Maelius' forecast comes when XRP has begun recovering from a recent downtrend that had persisted since October.
Cardano is testing its 20-day SMA after a strong rebound, but a break above the upper Bollinger band must ensue to extend the recovery. Today, Cardano is holding a strong intraday tone after an aggressive upward push, trading near the top of its session range.
XRP shows bullish momentum, but it must break key resistance on the daily chart to unlock its next upside target. Notably, XRP is trading around $2.20, extending its latest advance with a strong 24-hour performance.
A market analyst recently compared XRP to Nvidia Corporation, calling attention to the latter's impressive returns over the past 25 years. This recent comparison came from EGRAG Crypto, a well-known market technician who has remained bullish on XRP.
Ethereum hovers at the middle Bollinger Band as support holds, and fresh liquidations hint at a fragile rebound. Ethereum spent the past 24 hours testing market nerves around the $2,800 mark.
How much would the worth of 5,000 XRP tokens grow to if XRP maintains its dominance and the global crypto market cap hits $100 trillion? The global crypto market has continued to grow since Bitcoin (BTC), the original cryptocurrency, debuted in 2009.
Shiba Inu nears short-term support despite a 1,706% spike in SHIB burn rate. What is happening?
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