Bitcoin price saw a sharp sell-off today, but the BTC futures market is showing zero signs of fear.
CoinTelegraph 2024-10-22 00:00
Cryptocurrency analysis company Santiment has released the AI altcoins that developers focus on the most. Continue Reading: Here’s Ranked List of Top 10 AI Altcoins Developers Are Focusing on
BitcoinSistemi 2024-10-22 00:00
The entire crypto market is enjoying a strong surge, yet XRP has been lagging, remaining stuck below the crucial $0.55 level since the start of October. Analysts and investors are closely watching for signs of strength and confirmation that XRP is poised for significant gains in this market cycle. Key data from Santiment offers a glimmer of optimism. It shows a notable spike in active wallets on the XRP Ledger, which could signal growing interest and accumulation. Related Reading: Dogecoin Breaks Above $0.12 Level – Time For DOGE To Catch Up? As the broader market continues to push higher, the coming days are pivotal for XRP. Investors hope for a breakout from the weeks of sideways consolidation that have kept its price action subdued. A decisive move above $0.55 could ignite bullish momentum and put XRP on track to catch up with the broader market rally. For now, the market eagerly awaits further developments, with many anticipating that XRP’s moment may finally be approaching. XRP Ledger Activity Signals A Shift XRP remains one of the most popular altcoins in the crypto market, yet many investors are increasingly concerned as the price has struggled to reclaim local highs around $0.65. Despite the lack of upward momentum, critical data from Santiment offers a glimmer of hope. The XRP Ledger recently experienced a significant spike in activity, with 35,799 unique wallets making at least one transfer daily, marking the highest activity level in over three months. In addition, 3,858 new wallets were created in a single day, the largest increase over seven months. This surge in network activity is a promising sign for XRP, as spikes in active wallets and new addresses often precede major price movements. The growing interest in XRP could be an early indicator of an impending shift in price action, especially as the broader market trends upwards. However, the price must still exceed the local highs of around $0.65 to confirm a bullish trend. While the network data points to potential growth, the coming weeks will be crucial for XRP’s price movement. Related Reading: Bitcoin Whales ‘Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation If it can reclaim key resistance levels, XRP may finally align with the overall market’s bullish sentiment, providing a more optimistic outlook for its investors. Price Action: Technical Levels To Watch XRP is trading at $0.555 after three weeks of sideways movement. It remains below the 4-hour 200 exponential moving average (EMA), but it is now testing this key indicator as resistance. A successful breakout above the 200 EMA, followed by consolidation and holding it as support, would likely signal a surge to higher supply zones around $0.60 and potentially $0.65. This breakout would confirm renewed bullish momentum, encouraging investors to wait for a clear upward trend. However, if XRP fails to break above the 200 EMA and these critical resistance levels, a retrace to $0.52 or even lower could be imminent. Failing to breach this resistance would point to further consolidation or even a correction as the market seeks lower liquidity levels. Related Reading: Solana Struggles To Break $160 Resistance As Top Analyst Predicts A Coming Surge As XRP continues to test this key technical level, the next few days will be pivotal in determining whether the altcoin can finally break out of its range-bound trading and follow the broader market’s bullish sentiment. Featured image from Dall-E, chart from TradingView
NewsBTC 2024-10-22 00:00
Safe-haven assets are in demand as conflict continues in the Middle East and concerns about a global growth slowdown persist, analysts note
Blockworks 2024-10-21 23:59
He claimed people who self-custody are “paranoid crypto anarchists” and that the government would never seize coins held on centralized platforms.
The Defiant 2024-10-21 23:55
“Pretty liberal” rock duo The Black Keys will play a Coinbase-backed event in Ohio, as a PAC backed by the exchange aims to elect a hardline conservative to Senate in the battleground state.
Decrypt 2024-10-21 23:48
Launched back in April 2023, Pepe took only a short time to become one of the most popular meme coins in the world of crypto and one of the top ones alongside the likes of Doge, Shib, and others. At…
nft.news 2024-10-21 23:48
The airdrop event will distribute 5.5% of Scroll’s token supply to nearly 600,000 eligible wallets.
The Defiant 2024-10-21 23:43
Mark Cuban has made it clear that he’s not on board with Kamala Harris’s plan to tax unrealized gains. The billionaire entrepreneur vowed to campaign against Harris if she tries to push that tax forward. Cuban’s remarks came after an attendee asked about the possibility of such a tax being implemented. His response? “There is
Cryptopolitan 2024-10-21 23:40
Elon Musk’s recent statements regarding cryptocurrency have stirred discussions in the financial community. Musk, while endorsing Donald Trump for a 2024 White House bid, clarified his stance on digital currencies,
CoinOtag 2024-10-21 23:37
Porter Stansberry, financial editor and founder of Marketwise, believes that the rise of silver, which is experiencing a bull market, has deeper causes than just the increase in tech-related demand. He links the increase in the prices of this commodity with the upcoming destruction of America’s banking system, foretold by the movements of seasoned investors.
Bitcoin.com 2024-10-21 23:35
The oracle protocol is partnering with financial infrastructure providers including Franklin Templeton and UBS.
CoinTelegraph 2024-10-21 23:34