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Crypto analyst Steph has pointed to an āinterestingā chart, which has previously led to an XRP price rally. This came as the analyst also suggested that the altcoin may be forming a bottom in preparation for the next leg to the upside.Ā Analyst Shares Why This Chart Is Interesting For The XRP PriceInā¦
In a single day, about 844 millionĀ XRP were transferred between accounts. Such a large volume of payments does not occur in a vacuum, particularly not when the price is close to local lows. At a time when market sentiment regarding XRP has been severely damaged, on-chain activity is increasing. Thisā¦
The price has been declining for months, and as of right now, SHIB is below all significant daily moving averages. There are no trend breaks, lower highs, lower lows or relief rallies lasting longer than a few sessions. The structure is straightforward and brutal. Momentum has just deteriorated rathā¦
Solana demonstrated strong performance in the daily charts, as indicated by a spike in trading volume. Over the past 24 hours, Solana trading volume jumped more than 40% to over $3.1 billion, according to CoinMarketCap data.Whatās causing Solana's volume spike?The 40% spike in Solana trading volumeā¦
On the market, XRP is in an uncomfortable but important position. The asset is obviously under pressure in terms of price. The daily chart displays XRP trading below its short-, mid- and long-term moving averages and grinding lower inside a descending channel. Every relief bounce has been sold beforā¦
XRP has struggled to create any upside traction over the past few days, with the price rejecting above $2.15 in the middle of the week and now back to lingering just above the $2 level.Ā A new long-term technical comparison shared by crypto analyst ChartNerd places XRPās price behavior since its Julyā¦
Over the last three months, XRPās on-chain activity has increased dramatically, with a number of network metrics approaching levels that resemble a 400% surge in comparison to their late-summer baselines.What moves XRP forwardThe total volume of payments, the number of payments made between accountsā¦
The XRP price has staged a strong rebound in recent days, rising from early-December weakness and climbing back above $2. The recovery comes just after crypto analyst CasiTrades published a detailed technical outlook on the social media platform X, where she outlined a scenario that anticipated bothā¦
Although it may appear neutral on the surface, Shiba Inuās successful flatlining across key on-chain metrics is typically not a bullish signal. Exchange inflow, outflow, burned supply, transfer count and active addresses are all at or close to zero change over the past day, according to the most recā¦
One of XRPās most obvious contrarian signals in weeks was just printed. The market is severely short-loaded, which is why the funding rate, currently close to 0.0022%, is strongly skewed toward the bullish side, not because traders are excessively ecstatic.XRP's funding battleWhen funding remains thā¦
XRP forms golden crossĀ XRPĀ is now facing a bullish rebound amid growing ETF hype and shifting fundamentals.Hourly golden cross. XRPās short-term MA crosses long-term.The Ripple-backed coin has confirmed a golden cross on the hourly chart. The golden cross occurred when the short-term moving average ā¦
Driven by a 1.48 billion increase in payment volume, XRP just experienced its strongest on-chain activity in weeks. This move nearly perfectly matched an $8 million increase in market value. Random volatility is not what this is. At the precise moment when XRPās price structure begins to show early ā¦