25 days ago
Market watchers are closely eyeing Ethereum `s potential comeback. However, another contender might steal the spotlight first. XRP is showing signs of a strong rally ahead of Ethereum. Delve into why traders believe XRP is set to lead the charge and what key factors are driving this momentum. Discover which digital assets are primed for significant gains. Ethereum: Recent Pressure and Key Levels Signal Rebound Potential Ethereum declined 5.30% over the past month and fell 31.87% in the last six months. A brief 13.22% rise in the past week indicates a momentary recovery but does not alter the overall downward trend. Short-term movements have been mixed, revealing caution and opportunity in a volatile environment. Current trading sees prices moving between $1538.94 and $2325.86, with support at $1255.61 and resistance at $2829.45. While bulls show some strength in pushing prices higher, bears remain dominant below key resistance levels. Trading within these boundaries could yield gains if market demand strengthens and sentiment improves. XRP: Six-Month Surge Fuels Bullish Setup XRP performance over the last month shows a modest gain of about 3.37%, while a striking 331.73% surge over six months reveals strong upward momentum. Recent weekly movement exceeded 9.81%, pointing to increasing investor interest and revitalized market energy. The price history hints at a solid accumulation phase that set the stage for pronounced growth across timeframes. Current price action falls within a range of $1.66 to $2.77. The nearest support sits at $1.23 and resistance at $3.45, with a second resistance at $4.56. Bulls appear to steer the market with an RSI approaching 60, suggesting a moderately clear uptrend. Traders might look for entry opportunities near support while targeting the resistance zones for gains. Conclusion ETH is expected to bounce back soon. However, XRP might see a rise before that happens. Traders are keeping a close eye on these movements. XRP`s potential for a quick surge is high, possibly driven by specific, favorable conditions. Meanwhile, ETH retains strong fundamentals, suggesting a recovery in the near term. Both coins present viable opportunities, but XRP appears to be on the brink of a notable rise. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Crypto Markets Shed Over $100 Billion After Trump’s Latest Tariff Threats (Weekend Watch)
Bitcoin’s price actions took a turn for the worse yesterday after US President Trump recommended a 50% general tariff against the European Union. The altcoins have also bled out on a daily scale, with more than $100 billion leaving the space within this timeframe. BTC Pushed Below $107K In general, it was a very good, some would say historic, week for the primary cryptocurrency. It started on a volatile foot as it pumped from $104,000 to $107,000 on a couple of occasions on Sunday and Monday but was stopped in its tracks and driven south hard. However, the bulls kept the pressure on, and that upper boundary finally gave in on Wednesday. Moreover, bitcoin rocketed past its January all-time high of $109,100 and set a new one at almost $110,000. It was met with immediate resistance there and a drop to $106,500, but that was short-lived. Bitcoin began another, even more impressive leg up in the following hours and tapped a fresh peak at $112,000 on Pizza Day. It retraced slightly to $111,000 on Friday but remained at around that level until the POTUS recommended a new set of tariffs against the EU to start from June 1. In minutes, BTC’s price tumbled below $107,500, bounced off, and then slipped again to under $107,000. It has recovered some ground now and sits above $108,000, but it’s still over 2% down on the day. Its market cap has plunged to $2.150 trillion, while its dominance over the alts stands tall at 61% on CG. BTCUSD. Source: TradingView Alts in Red The altcoins have followed BTC on the way south, with substantial losses of up to 10% from the likes of DOGE, ADA, SUI, SHIB, LINK, and AVAX. Ethereum has slipped by over 5% and is now down to $2,550. XRP has dropped to just over $2.3 after a 4.4% daily decline. Even more painful price drops are evident from ENA, WIF, TIA, S, IP, and PEPE as all of them have plunged by double digits. The total crypto market has lost over $100 billion since yesterday and is down to $3.530 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Markets Shed Over $100 Billion After Trump’s Latest Tariff Threats (Weekend Watch) appeared first on CryptoPotato . Bitzo
Injective leads AI token surge with 12% rise – Is $17 possible for INJ?
INJ surged in daily price gains and trading volume, whichcould be as a result of the $2B annualized volume for iAssets. Bitzo
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Censorship on the Rise Amid AI Adoption
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