Tag: Price

XRP Price Attempts Recovery – Can Market Push Higher Despite Strong Barriers?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Bounce Looks Promising – But Is This Rally Actually Real?

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Ethereum price started a recovery wave above $4,050. ETH is now consolidating and might aim for more gains if it clears the $4,170 resistance. Ethereum remained stable above $3,820 and started a recovery wave. The price is trading above $4,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,170 and $4,200. Ethereum Price Recovers Ethereum price remained…

Ethereum Open Interest Sees Sharpest Reset Since 2024 As Price Drops Below $4,000

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Ethereum is undergoing one of the most significant resets in over a year, caused by its price breaking below $4,000. This retest has been most visible in futures open interest, where billions of dollars in positions have been wiped out across major exchanges. This rapid unwinding comes as a correction move to weeks of excessive leverage during uptrends that had pushed derivatives activity to unsustainable levels. Related Reading Massive Open Interest Wipeout Across Major Exchanges The most recent Ethereum price correction was a broader market reset rather than a mere…

Bitcoin And Ethereum Defy Price Slump With Strong Exchange Outflows

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The crypto market faced in recent months, as both Bitcoin and Ethereum broke below important support levels. Bitcoin broke below $110,000, while Ethereum also slipped under $4,000. This downturn triggered billions in liquidations and pushed the Fear and Greed Index into fear territory. However, data from on-chain analytics platform Sentora (formerly IntoTheBlock) reveals that accumulation is quietly underway. Despite the price declines, exchange outflows for both assets have remained strongly negative. Related Reading Key Weekly Metrics An extended decline carried over from the previous week saw the Bitcoin price falling…

Solana Price Eyes $215 Volatility Stop Target amid $1B Wrapped Bitcoin Inflows and Cyber Hornet ETF Filing

Key Notes Solana price holds above $200 despite weakened volume, supported by Wrapped Bitcoin inflows and ETF speculation. WBTC supply on Solana surpasses $1 billion, marking five straight months of growth. Cyber Hornet files an ETF that blends Solana futures with S&P 500 stocks, signaling Wall Street’s gradual integration of crypto. Solana (SOL) price managed to avoid a close below the $200 despite a significant decline in trading volume. A $1 billion inflow of Wrapped Bitcoin minted on Solana and another vital ETF filing from US firm Cyber Hornet, were…

Dogecoin Price Rallies 4.5% as Traders React to Elon Musk’s New US Government Deal

Key Notes Dogecoin price opened trading at $0.23 on Sunday, Sept 28 as Elon Musk’s Grok AI approval for US federal use triggered a rebound from the weekly timeframe lows near $0.21. Open interest in Dogecoin futures jumped 2.9% to $3.9 billion as traders defied thin liquidity and weak sentiment. Trump’s approval of Elon Musk’s Grok AI suggests renewed alignment between the two. After plunging to 50-day lows near $0.21 on Friday, Dogecoin price rebounded from 4% to consolidate around $0.23 on Sunday, Sept 28 as traders reacted to Elon…

Ripple (XRP) Price Analysis: $5 Forecasts Surge on Kalshi as Kraken Whale Moves 17,555,420 XRP

Key Notes Ripple rebounds 4% from $2,74 lows, retaking $2,80 support as crypto markets stall under key resistance. Kalshi prediction markets show rising bets on XRP hitting $5 before year-end. An unnamed whale investor acquires 17,555,420 XRP worth nearly $49 million amid weekend consolidation. Ripple (XRP) prices found firm support at the $2.80 level on Sunday, Sept 28, after closing the week with a 4% rebound from its 75-day low of $2.74 recorded last Thursday. While broader crypto sentiment remained subdued, critical XRP market movements suggest a more optimistic response…

Bitcoin Price Analysis: Double Top Pattern Hints $100K Reversal as Saylor Reacts

Key Notes Bitcoin consolidates below $110,000 after Fed’s 25 bps rate cut triggers sell-off. Trading volumes drop 48% over the weekend, signaling weak liquidity and heightened downside risks. Michael Saylor urges renewed BTC buying as Strategy’s holdings shrink $4 billion in value. Bitcoin price consolidated around the $109,500 mark on Sunday, Sept 28, as market liquidity thinned out over the weekend. Strategy CEO Michael Saylor issued another rallying cry, as BTC derivatives trading metrics and technical indicators pointed to more downside risks ahead. The underwhelming 25 basis point US Fed…

Is XRP Price Going to Recover in October?

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Key takeaways: XRP holds above a critical level in September, raising hopes about a potential recovery in October. Breaking above the $2.81 resistance is key, with technicals projecting about a 30% rally to $3.62. XRP (XRP) traded at the monthly open around $2.77 after dropping 14% over the last two weeks. Holding this level sparks hopes that a recovery could be in the cards going into October.  XRP/USD daily chart. Cointelegraph/TradingView XRP price must hold above $2.75 XRP faces a critical test near the Sept. 1 open around $2.75, according…