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The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.
XRP surged more than 13% on Friday as the Ripple-SEC case came to a conclusive end.
Memecoin hits 22-cents with explosive 1 billion+ trading volume during key breakouts as institutional interest builds.
XRP smashes resistance barriers as trading volume hits 300 million during peak institutional buying surge, with bullish chart patterns and a landmark legal resolution fueling upside bets.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, […]
The move comes as bitcoin formed a new record high of $112,000.
As BTC and ETH pushed higher, waves of short liquidations may have created sudden price acceleration, forcing more traders to exit in a cascade.
Avalanche’s token was pushed below key support levels.
NEAR faces significant selling pressure amid broader market uncertainties.
Crypto miner Bit Digital will sell off its bitcoin operations to deepen its ETH staking and treasury shift.