WEEKLY TRADING CHALLENGE ( 2ND DEC - 8TH DEC )🚀 TRADE #4📊 | Mr_Tycoon23 on Binance Square

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Bullish

WEEKLY TRADING CHALLENGE ( 2ND DEC - 8TH DEC )🚀
TRADE #4📊
$BTC 
 LONG
ENTRY : 96600
SL : 93566
TARGETS : (1) 98200
                       (2) 100000+
#BNBHitsATH 

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Ripple transferred billions in XRP for just $0.0013, showcasing XRPL’s cost efficiency. Ripple reduces XRPL account creation fees by 90% to boost accessibility for new users. XRPL average transaction cost of $0.005145 beats Bitcoin's $3.50 and Ethereum's $1.48 fees. Ripple, a blockchain-based digital payment network has recently completed a huge transfer of XRP, worth about $915 million, with an incredibly low transaction fee of just 0.0005 XRP. This highlights one of the biggest advantages of the XRP Ledger (XRPL)—its ultra-low fees. Such cost-effective transactions are becoming a key reason why XRP is gaining more attention in the crypto world. *XRPL’s Low Fee Impact On XRP’s Price* The XRP Ledger’s extremely low fees could play a big role in increasing XRP’s value. As more people use XRP for quick and cheap transactions, demand for the coin could rise. This growing interest could push the price of XRP higher in the long term, especially as more businesses and users realize the benefits of using XRPL over other networks with higher costs. With XRP’s value already up 7% in the last 24 hours, it seems like these low fees are helping drive interest and demand. The clarity on regulatory issues has relieved XRP investors, but broader market sentiments will still influence the asset. A key moment could push XRP past $2.40, boosting its chances of reaching $3.12. However, if the price drops below $1.68, it might indicate a prolonged decline. Recent data from Santiment highlights that XRP’s market cap surged by ~83% in the past 7 days, and social media discussions about the project are at their highest since January. $XRP #MarketMajorComeback

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Eigen Layer (EIGEN) is quickly becoming one of the most intriguing cryptocurrencies on the market. With 99% of its investors currently in profit, it’s clear that EIGEN has captured attention for all the right reasons. Recently, a mysterious crypto whale made headlines by purchasing $7.25 million worth of EIGEN, sparking speculation about whether this is just the beginning of a major price rally What makes this more fascinating is that EIGEN’s price has shown noticeable volatility in recent days. Let’s dive into the latest trends, technical patterns, and community sentiment to understand better. EIGEN’s Recent Market Movements EIGEN’s price has been making headlines with its recent ups and downs. The token recently peaked at its all-time high (ATH) of $5.06, just two days ago, but has since fallen 8.69% from that high. Despite the recent decline, trading volume has surged 41.15%, reaching $290.06 million, indicating strong investor interest. Current Investor Sentiment 99% of EIGEN holders are still in profit, while only 1% are at breakeven. Earlier this week, EIGEN dipped 1%, hitting a low of $4.44, before recovering slightly to $4.60, up 0.71% for the day. While these price fluctuations are common, the whale’s recent purchase suggests that long-term investor confidence remains strong. Could this purchase indicate a bullish shift for the token? Technical Analysis: What the Charts Are Telling Us Looking at technical indicators, things are a bit mixed for EIGEN. From a technical standpoint, EIGEN has been moving in an upward parallel channel since November 21—a pattern that typically signals bullish momentum. However, recent price action has shown some hurdles. After reaching its ATH, EIGEN faced rejection and fell back toward the median level of the upward channel for support. Key Technical Indicators to Watch: The 20-day moving average (MA20) is currently above the token’s price, suggesting there is no immediate support if the price drops further. $EIGEN #BinanceHODLerMOVE

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