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Although Volatility has Peaked, the XRP Price Rally is Expected to Remain Stable–Here’s Why!
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Although Volatility has Peaked, the XRP Price Rally is Expected to Remain Stable–Here’s Why! XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action. With the beginning of bearish September, it was expected that the price may break below the lower support but the past week’s trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls. Having said that, is this a good time to accumulate XRP? Will the XRP price reach $1 before the end of 2024? The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month. This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP. The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200. While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop. The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count. This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024? #XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
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Bitcoin Once this level is broken, the rise will accelerate, and altcoins will surge. #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #DOGSONBINANCE
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Trending Topics 1 #BinanceLaunchpoolCATI1 2#BinanceLaunchpoolHMSTR 3#FTXSolanaRedemption 4#GrayscaleXRPTrust 5#DOGSONBINANCE
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Bitcoin Price Faces Potential Decline as Key BTC Metrics Signal Warning 🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐ Bitcoin’s price trends have captured the attention of market analysts as it teeters around a critical threshold. According to Ali Martinez, a crypto analyst, historically when Bitcoin falls below the Realized Price-to-Liveliness Ratio, set at $51,600, further price declines often follow. This drop can push Bitcoin down to its Realized Price, which stands at $31,500. With Bitcoin’s at press time priced at $54,414.30, and a minor 0.27% increase in the last 24 hours, the market is closely watching its next move. Bitcoin’s Market Performance and Key Metrics As per DefiLlama data Bitcoin’s trading activity has remained steady, with a 24-hour volume of $16.6 billion. The total value locked (TVL) within the Bitcoin ecosystem stands at $483.58 million, reflecting the capital invested across its decentralized landscape. Over the past 24 hours, Bitcoin has generated $408,744 in network fees and processed a trading volume of $5,482. These figures, coupled with 666,660 active addresses, showcase the extensive and active user base supporting the Bitcoin network. Social Trends Correlating with Bitcoin’s Decline Recent analysis reveals that social trends are playing a role in Bitcoin’s price movements. Santiment data shows a steady decline in Bitcoin’s price despite occasional fluctuations. Social dominance has spiked during several key points, but overall remains stable. This suggests that while there is heightened activity and attention surrounding Bitcoin, it is not enough to shift the current downward trend. The social volume reflects periodic increases, often aligning with the spikes in social dominance. #Bitcoin #Altcoins #CryptoNews #BTC #USNonFarmPayrollReport $BTC $ETH $USDC
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