$1.1 Billion in 24 Hours: What's Next for XRP Amid $203 Million Market Sell-Off?

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

España Noticias Noticias

España Últimas Noticias,España Titulares

XRP faced increased market activity amid broader crypto market sell-off

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

In this light, traders and investors are closely monitoring XRP as they try to gauge what could come next for one of the largest cryptocurrencies by market cap.XRP Shows Weakest Performance in Top 10, Unless This Happens, Biggest Bitcoin Breakout of 2024 Is in, Solana Explodes Above $165: Is $200 Next?

The crypto market is facing a sell-off as leverage use increased over the weekend, a move that historically precedes market volatility. Bitcoin briefly approached $70,000 over the weekend but failed to continue its pace, falling 2% to below $66,781 at press time.This decline was mirrored by other major cryptocurrencies, with $203.36 million in crypto positions liquidated, indicating that the market is heavily leveraged.

In this scenario, XRP might aim for a retake of the daily SMA 50 near $0.56, followed by $0.631. However, future market drops may increase XRP's losses.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 295. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares