As it approaches the apex of a symmetrical triangle pattern, XRP is getting closer to a pivotal moment in its price movement. This pattern frequently signals substantial volatility, and XRP might be preparing for a significant move higher.
The lackluster Dogecoin price action could change very soon as on-chain data suggests increased activity behind the scenes. Particularly, on-chain analytics company IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the count to its highest point since July.
Dogecoin has processed 1.93 million transactions over the past week, the highest level since early July.
It appears that XRP whales are frustrated due to the current bearish market sentiment. Today on September 19, 2024, the blockchain transaction tracker Whale Alert made a post on X (Previously Twitter) that an XRP whale has dumped a significant 18.03 million tokens, worth $10.39 million to the Bitstamp cryptocurrency exchange.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50-basis-point interest rate cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
Ripple's XRP is facing a challenging period as it struggles to recover from a significant market slump.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50 basis points cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
Despite its unimpressive price performance, industry commentators have maintained faith in the price of Ripple's XRP, offering ultra-bullish price forecasts for the cryptocurrency. Some have suggested that XRP will hit $1,000 at some point in the future.
Amid an underwhelming price action, canine-themed meme coin Dogecoin (DOGE) is now seeing a rise in one of its key metrics.
Revolut, the London-based fintech company, might soon join San Francisco-based blockchain payments firm Ripple in the competitive world of stablecoins.
After a solid bullish rebound, Ripple's price surged to the $0.60 level. However, it has since entered a brief consolidation phase, which may pave the way for further upward movement toward the significant $0.64 resistance.
On-chain data shows the Dogecoin miners have been accumulating recently. Here's what this could mean for the memecoin, based on past pattern.
Most of the coins have faced a correction, according to CoinStats.
Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.
Explore our expert take on the best 3 coins to accumulate before the bull market rebounds in this insightful guide. Learn valuable strategies on taking advantage of post-dip opportunities in the cryptocurrency market
As the cryptocurrency market expands, investors are constantly on the lookout for the next major opportunity. While popular crypto assets like XRP and Solana (SOL) have gained traction due to their established ecosystems, experts believe a lesser-known token, Rexas Finance (RXS), could offer even greater returns in a shorter period.
Over the past 24 hours, XRP's price has experienced a downturn, falling 1.37% following a brief uptick. This follows Ripple's move to reaffirm its presence in the crypto space, taking a new direction by going “all in” on stablecoins and custody services.
During the Financial Markets Quality Conference 2024, Ripple's Chief Legal Officer, Stuart Alderoty, discussed the ongoing challenges faced by the crypto industry due to unclear regulatory frameworks in the United States. He said that once the regulatory clarity is resolved, Ripple will position itself as the most reliable provider of enterprise crypto solutions in the
Dogecoin (DOGE) has shown a promising bullish signal as key metrics skyrocket. According to IntoTheBlock, last week, Dogecoin processed an impressive 1.93 million transactions, marking the highest weekly transaction count since early July.
Pseudonymous crypto trader Master Kenobi believes that Dogecoin (CRYPTO: DOGE) will continue to outperform Bitcoin (CRYPTO: BTC) in the current market cycle. What Happened: In a detailed social media post, Kenobi noted that despite Dogecoin's initial creation as a joke, it has managed to gain significant attention and popularity in the crypto community.
In the recent Financial Markets Quality Conference 2024, Ripple's Chief Legal Officer, Stuart Alderoty spoke along with the high-ranking representatives of crypto giants like Robinhood, Grayscale, and others. He yet again reflected on the lack of clear cryptocurrency regulations in the U.S., and referred to the situation as a ‘regulatory cloud'.
Ahead of the issuance of Ripple's U.S.-dollar pegged stablecoin, the company has revealed some notable trends in the industry. The stablecoin's design combines blockchain technology's benefits with trust in traditional currencies.
Crypto's stablecoin market could see a new entrant as Revolut reportedly eyes a fiat-pegged token of its own.
Amid increased price volatility in the crypto market, the Ripple price has lost ~$800 million from its portfolio in the past 24 hours. Moreover, with a strong rejection, this altcoin has continued trading within the channel pattern since July.
Bitcoin's upcoming move in the next few hours is very important for the broader sentiment to change There's market uncertainty, making it crucial to avoid excessive leverage. The decision, whether a 0.25% or 0.5% rate cut, will have a major impact on the markets.
A recent analysis from a well-known Dogecoin (DOGE) enthusiast and technical analyst suggests that DOGE could be on the verge of a stunning price, as he pointed out that the meme coin is just a few weeks away from completing its first "golden cross" in over four years - a technical indicator often associated with upward momentum.
Over the years, Ripple, a popular financial technology company, has maintained its exponential growth with continuous collaboration and upgrades. However, the impact of this exponential growth is not visible in the XRP price for the last seven years.
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are embroiled in a high-stakes legal battle that could stretch into 2026. If the SEC chooses to appeal the recent court ruling, the resolution of this case might be significantly delayed.
Opinions matter in the broader digital currency ecosystem. Dogecoin (DOGE) cofounder Billy Markus shared a strong opinion about crypto conferences on X.
Many industry leaders have responded excitedly to the latest post of Elon Musk revealing the advancement made by Neuralink's Blindsight project. Among those who have taken to social media to convey their excitement are cryptocurrency leaders like Dogecoin co-creator Billy Markus.
Ripple's XRP, users in South Korea can now make real-world payments with the cryptocurrency. Thanks to a partnership with Surfy, a local payment solution provider, select merchants across the country are accepting XRP as a form of payment.
XRP has shown strong performance by maintaining critical support levels around $0.51 and rebounding to $0.58.
Ripple's chief legal officer Stuart Alderoty has taken part in Financial Markets Quality Conference 2024, where he spoke along with high-ranking representatives of such crypto giants as Robinhood, Grayscale and others.
The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this.
Dogecoin (DOGE) price may have gotten the much-needed boost to kick off a rally, as network transactions have been increasing significantly.
Dogecoin faces selling pressure and bearish indicators, with potential resistance ahead.
Bitcoin (BTC) is back above $60,000 after registering an increase of over 3% in the past 24 hours as optimism around a Fed rate cut grew. Other cryptocurrencies, including Ethereum (ETH), Uniswap (UNI), FET, SUI, Aptos (APT), and Bittensor (TAO), registered notable gains.
XRP, one of the most popular cryptocurrencies, is flashing strong bullish signals as it forms one of the most promising technical setups seen in years. Market analysts believe that the current price patterns and momentum indicators are suggesting that XRP could be on the verge of a major breakout, potentially leading to significant price gains in the coming months.
"Never in a million years would I have thought this would be the case
Amid the sluggish price performance, Dogecoin is now seeing a rise in one of its major metrics. Recently, data from the market intelligence platform IntoTheBlock revealed that the asset has recently exhibited a surge in transaction activity.
Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, and who is known on the X platform (formerly Twitter) as Shibetoshi Nakamoto has posted his enthusiastic take on Elon Musk's recent tweet.
The recent XRP price action has sparked a broader bullish sentiment among crypto investors and analysts. The cryptocurrency's 10% surge in the last week has driven the price above levels not seen in nearly a month, continuing its green performance in most long-term timeframes.
The U.S. Securities and Exchange Commission (SEC) has not yet indicated whether it plans to appeal the recent rulings in the SEC vs. Ripple case. Both Ripple and the SEC have a 60-day window from the final judgment to file any appeals.
XRP price is still facing many hurdles near $0.600. The price is consolidating gains and might aim for a clear move above $0.5920 and $0.600.
The meme-inspired cryptocurrency Dogecoin ($DOGE), which has seen its value dop by around 0.6% over the last 30-day period, has a significant resistance at the $0.11 mark, with around 31 billion DOGE tokens holding at that level.
How will the current market dynamics and Musk's stance impact the future value of Dogecoin?
Pro-XRP lawyer John Deaton recently addressed the developments surrounding Ripple, particularly in relation to the ongoing lawsuit over the past three years.
The XRP Ledge has just taken a huge step towards making payments simple. A payment solution based in South Korea known as Surfy has integrated XRP into its system. This means users can purchase items with XRP now.