Another wave of pain has hit crypto traders. China just slapped tariffs on U.S. agricultural goods, worth nearly $22 billion.
Over the past four days, Ripple USD (RLUSD) has not been minted at the stablecoin treasury. Ripple Stablecoin Tracker data shows the payment platform last minted 2,500,000 RLUSD on Feb. 28 at its treasury.
XRP's inclusion in the crypto strategic reserve is looked at as a monumental step that could bolster the strength of the platform. With this, the price of XRP triggered a massive upswing and cleared a couple of resistance zones at $2.27 and $2.89.
Whale activity, daily address growth, and derivatives data point toward a possible XRP price rally.
Digital asset prices remained stagnant despite renewed interest in altcoins. This month, many institutional and retail traders sold holdings to recover previous positions.
The cryptocurrency market was briefly invigorated over the weekend following President Donald Trump's announcement regarding the creation of a “crypto strategic reserve,” which would include tokens such as XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH), and Bitcoin (BTC).
The legal tussle dates back to December 2020 and is among the most intriguing topics in the crypto space.
Ripple's XRP has seen a steep decline, losing over 18% of its value and dropping to $2.30. This sharp drop comes amidst a broader market sell-off, triggered by a brief rally that saw Bitcoin surge to $95,000.
Despite the bloodbath that took place on the "streets" of the crypto market, it seems that this local bear market is far from over. At least that is what the Bollinger Bands for the third largest cryptocurrency, XRP, indicate.
The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump's announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.” This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
Cardano witnessed a 60% price surge over the weekend, climbing above $1 on Sunday. The rise came after US President Donald Trump announced his administration's plan to establish a reserve of digital assets, which included ADA.
Since President Trump confirmed plans for a US crypto reserve, speculation has been rampant about which assets will be included. While Bitcoin is expected to dominate, many believe that altcoins like XRP, Solana, Ethereum, and Cardano could also be part of the reserve.
Trump's announcement of a strategic crypto reserve, along with a reduction in leverage from Feb. liquidations, may lead to a more sustainable rally in top altcoins, with ADA likely seeing the biggest pump.
XRP price was down about 12% today, wiping off the recent gains it had after Donald Trump's US Crypto Reserve announcement. Notably, Trump's close tie with the Ripple officials and his recent plan to include US-issued assets like XRP, SOL, and ADA, in the Strategic Reserve assets has fueled optimism.
Eric Trump's recent comments on the strategic crypto reserve announcement have sparked mixed reactions, with some praising him while others criticize the Trump family's involvement in the industry. What Happened: In an X post on Monday, Eric Trump expressed gratitude after popular crypto trader AltcoinGordon credited his late-February “buy the dips” advice when Bitcoin (CRYPTO: BTC) dropped below $90,000 on Feb. 25.
Most of these are covered calls, Deribit's Asia business development head said.
Michael Saylor, once a Bitcoin maximalist, now supports a multi-token crypto reserve, including XRP and Cardano. Critics argue that Bitcoin should remain the sole reserve asset, questioning the inclusion of altcoins.
The cryptocurrency market shows fast-changing price movements that forces investors to spend their time chasing next profitability opportunities among assets. The Cardano price jumped by 50% throughout a single day following news about Trump's crypto reserve although the hybrid platform DTX Exchange continues to gain strength.
Despite the volatility which still shrouds the cryptocurrency sector, tokens such as Solana (SOL) and Cardano (ADA) continue to attract attention. As we approach March 2025, investors are asking if these particular altcoins will be able to reach or even exceed their peak values.
Over the last 48 hours, the cryptocurrency market has undergone a violent reversal, losing almost $500 billion in market capitalization. Three of the most popular altcoins, Dogecoin, Solana and XRP, have experienced drops of up to 20%, leaving traders perplexed.
Trump seems to have taken a page out of his real estate negotiations in pitching XRP, ADA and SOL as candidates for crypto reserve to win over approval for bitcoin.
There are several reasons why the SEC and Ripple have yet to reach a settlement while other prominent crypto cases have found resolution.
Investors are aggressively looking for the next great prospect as the cryptocurrency market keeps its positive pace. Although Ripple (XRP) has been in the news with its amazing surge and solid foundations, another less-known altcoin with great exponential potential is Rexas Finance (RXS). XRP aims for $4, but RXS, which currently only costs $0.
The crypto market today has taken a major hit, with Bitcoin, ETH, XRP and the majority of altcoins plunging steeply. The business's market cap at the time of press has dropped 9%, triggering fear among the market participants. This freefall is closely aligned with pressure looming across traditional markets.
A lot is happening with Cardano (ADA) on the broader cryptocurrency market. The coin climbed past the $1 level on the news of its inclusion in the U.S. strategic crypto reserve.
Data shared by the public on-chain platform Whale Alert, which monitors large cryptocurrency transactions and then shares the details of them on its website and its X account, shows that almost $70 million in XRP were transferred to Coinbase from an anonymous crypto wallet.
The ongoing cryptocurrency market bloodbath might have cemented XRP's bearish move, with the asset potentially staring at an almost 60% drop.
Monday came with a fresh air of hope and optimism for the general crypto market, as President Donald Trump revealed plans for a US crypto strategic reserve.
US President Donald Trump's decision to adopt Bitcoin, XRP, Solana (SOL), and Cardano (ADA) has sparked widespread optimism. However, the community remains ambiguous on the potential composition and management of the US crypto reserve.
XRP's price retreated from the $3.00 resistance level, breaking below key support at $2.40 while establishing new support at $2.20, with technical indicators suggesting continued bearish pressure in the short term.
A surprising idea just hit the crypto world. The creator of Cardano (ADA) wants to upgrade Dogecoin, suggesting it could be much more advanced.
With the average number of transactions per ledger increasing by 60%, XRP has seen an unusual increase in network activity. Stronger demand and potential future price action are suggested by this surge in blockchain activity, which indicates increased interest in the asset.
XRP rivals are showing strong potential despite recent market fluctuations. As the crypto market slowly recovers, several digital assets are now valued below $1, offering an opportunity for investors to make significant returns in March XRP Rivals Below $1 That May Multiply $100 Into $10K This March The broader cryptocurrency market saw a decline, with
The recent statements by Trump on new tariffs against Canada, Mexico, and China have generated a wave of selling of crypto assets.
Cardano's price has seen wild swings, bouncing from key support but facing strong resistance. Will ADA continue its recovery, or is another major drop ahead?
Cardano's price surged 80% after being named in Trump's US Crypto Strategic Reserve announcement, reaching $1.17 before settling at $0.91 amid high trading volume and increased institutional activity.
In a recent social media post, Ripple behemoth proposed what five key steps need to be taken to ensure that stablecoins become adopted by market players en masse.
The selection of XRP among other altcoins in the US crypto reserve has triggered mixed reactions but whale investors have been on a shopping spree.
On Sunday, Cardano (ADA) saw a massive 80% pump following the US President's announcement of a “Crypto Strategic Reserve” that will include ADA. As the cryptocurrency retests its key support levels, some analysts believe it might be poised for a 125% rally from current levels.
In the latest XRP news, the Ripple whales have accumulated around 1 billion coins as the crypto recorded massive gains yesterday. However, the momentum appears to have faded, as evidenced by the ongoing retreat in the asset's price.
The sharp reversal aligned with a cautious mood among traders after Monday's market rally following the ambitious plan, as a CoinDesk analysis previously noted.
Kraken has announced that the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against the crypto exchange with prejudice. The SEC's decision means no penalties, no changes to Kraken's business operations, and no admission of wrongdoing.
March 4, 2025 05:38:24 UTC Why Ethereum Is Crashing ? Ether (ETH) has dropped 15% in the past 24 hours, reaching levels unseen since November 2023, as the broader market grapples with volatility sparked by U.S. President Donald Trump's trade war threats.
The price of Bitcoin (BTC) has now erased all of its gains since the announcement of a cryptocurrency reserve that took place on Sunday.
The recent declaration by Donald Trump regarding the creation of a U.S. strategic crypto reserve has ignited a wave of debate, especially surrounding the inclusion of Ripple's [XRP]. While Bitcoin [BTC] was expected to be part of this reserve due to its recognition as “digital gold,” the choice to include XRP raised eyebrows, with some critics questioning its legitimacy.
Ripple's XRP is currently down by more than 18% and is trading at $2.30 levels. The broader market sentiment has turned red after a brief rally which saw Bitcoin hitting $95k. According to analyst Josh of Crypto World, XRP is following the trends of Bitcoin and the broader stock market.