Tag: Support

Investor demand for XRP falls as the bull market stalls — Will traders defend the $2 support?

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Between Oct. 25, 2024, and Jan. 16, 2025, XRP (XRP) had one of the best rallies of the current bull market, gaining 600% as investors piled in with the hope that a pro-crypto presidency would benefit Ripple and its cryptocurrency. During this time, the quarterly average of daily active addresses jumped by 490% and XRP price hit a 7-year high. XRP’s 1-day chart. Source: Cointelegraph/TradingView Fast forward to the present, and data shows that the speculative interest surrounding XRP is declining. Holders are increasingly facing losses rather than gains, which…

XRP holds $2 support as chart pattern hints at 73% gain

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XRP (XRP) stabilized near its $2 support after today’s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows. Data now shows the XRP/USD pair exhibiting early signs of a bullish breakout.  Ripple’s RLUSD integration could boost XRP price Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP’s price by enhancing its utility and liquidity.  On April 2, Ripple, the company behind XRP, announced that it had integrated its stablecoin into the company’s cross-border payments system to boost…

PayPal Activates Support for Solana and Chainlink, Will SOL and LINK Price Recover?

Key Notes This move reinforces PayPal’s growing confidence in the crypto sector, following its earlier support for Bitcoin, Ethereum, and its own stablecoin, PayPalUSD. Despite PayPal’s integration, both SOL and LINK prices remained largely under pressure due to Trump’s reciprocal tariffs. Crypto analyst Ali Martinez warns that Solana’s trendline is weakening, increasing the risk of a breakdown. International payments giant PayPal has announced support for altcoins like Solana SOL$113.724h volatility:10.3%Market cap:$58.51 BVol. 24h:$8.31 Band Chainlink LINK$12.4424h volatility:8.4%Market cap:$7.95 BVol. 24h:$863.54 M, allowing US users to buy, sell, and hold these digital…

Whale Deposits $37M SOL to Binance, Solana Loses Crucial Support

Key Notes Solana’s market cap has fallen to $59.48 billion following the 7.5% price drop. A whale’s massive 312,000 SOL deposit to Binance led to selling pressure. The cryptocurrency has lost its critical $124 support level, which it tested six times in the past year. Solana SOL $114.7 24h volatility: 8.9% Market cap: $58.78 B Vol. 24h: $7.94 B has plunged 7.5% in the past 24 hours to trade at around $116 at the time of writing. The cryptocurrency has lost its key $124 support level, a price it has…

XRP Price News: XRP Tests Crucial $2 Support, Will Bulls Defend amid Trump Tariff Woes?

Key Notes An XRP price breakdown below $2 could validate a Head-and-Shoulders pattern, potentially sending XRP to $1.35. Blockchain analytics firm Glassnode reports that active XRP addresses have increased by 490%. Ripple’s RLUSD stablecoin went live on Ripple Payments as the STABLE Act was announced. XRP XRP $2.02 24h volatility: 4.4% Market cap: $117.61 B Vol. 24h: $7.19 B has come under severe selling pressure, correcting 5% soon after Trump’s reciprocal tariffs kicked in on Wednesday, April 2. XRP price has once again dropped to the crucial support of $2…

$118 Support, The Last Barricade Against Deeper Correction

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana’s price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level. Despite previous recovery attempts, sellers remain dominant,…

Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Chainlink has been under heavy selling pressure, trading in a downtrend as broader market weakness drags crypto prices lower. The entire crypto market remains on the defensive, with macroeconomic…

Bitcoin Bears Tighten Grip—Where’s the Next Support?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone. Bitcoin started a fresh decline below the $83,500 support zone. The price is trading…

Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows…