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XRP drops third day in a row to $0.52 Ripple drops to $0.52 Thursday, wiping off weekly gains. Crypto expert asks Ripple CTO how stablecoin would improve XRP Ledger and native token. Attorney Bill Morgan cautions market participants of the ramifications of a lawsuit that bans ODL XRP. Ripple (XRP) fell below $0.52 on Thursday, erasing all gains from this week. Crypto professionals are concerned about Ripple SVP Eric van Miltenburg's views on the stablecoin and how it would help the XRP Ledger and native token XRP. Since Tuesday, XRP has fallen after Ripple's answer to the SEC's $2 billion penalty request. XRP lost Monday's gains after holders digested Ripple's stablecoin announcement and answer to the SEC's $2 billion fine request. SVP informed Digital Frontier that Ripple would launch its stablecoin on the XRP Ledger, “which will ultimately be good for the ecosystem.” Polygon shows how stablecoins boosted Total Value Locked (TVL) and chain trust, supporting Miltenburg's assertion. You should worry. A wide permanent injunction that prevents Ripple's ODL or ODL's usage of XRP is bad for XRP and the XRPL ecosystem. A stablecoin debut and a response to the SEC's $2 billion penalty request are the biggest market movers for XRP investors. As BTC/USDT remains inactive, XRP trades at $0.5271 on Thursday. Five days after the BTC halving, the asset failed to reach $67,000 four times. XRP and other significant cryptocurrencies are affected by bitcoin prices. At $0.52, the XRP/USDT pair has pared its weekly gains from $0.55 on Monday. XRP is approximately 25% higher than its April 13 YTD low of $0.4188 despite the drop. XRP price might rise to $0.60 if it breaks the 50% Fibonacci retracement line at $0.5310 from the April 9-13 collapse. This level is psychologically significant for XRP traders. XRP's ascent is supported by a bullish MACD indicator. The crossing above the signal line also bodes well for XRP. This week, the April 21 low of $0.5183 has provided crucial support. #BTC #ETH #XRP $XRP

XRP drops third day in a row to $0.52

Ripple drops to $0.52 Thursday, wiping off weekly gains.

Crypto expert asks Ripple CTO how stablecoin would improve XRP Ledger and native token.

Attorney Bill Morgan cautions market participants of the ramifications of a lawsuit that bans ODL XRP.

Ripple (XRP) fell below $0.52 on Thursday, erasing all gains from this week. Crypto professionals are concerned about Ripple SVP Eric van Miltenburg's views on the stablecoin and how it would help the XRP Ledger and native token XRP.

Since Tuesday, XRP has fallen after Ripple's answer to the SEC's $2 billion penalty request.

XRP lost Monday's gains after holders digested Ripple's stablecoin announcement and answer to the SEC's $2 billion fine request.

SVP informed Digital Frontier that Ripple would launch its stablecoin on the XRP Ledger, “which will ultimately be good for the ecosystem.” Polygon shows how stablecoins boosted Total Value Locked (TVL) and chain trust, supporting Miltenburg's assertion.

You should worry. A wide permanent injunction that prevents Ripple's ODL or ODL's usage of XRP is bad for XRP and the XRPL ecosystem.

A stablecoin debut and a response to the SEC's $2 billion penalty request are the biggest market movers for XRP investors.

As BTC/USDT remains inactive, XRP trades at $0.5271 on Thursday. Five days after the BTC halving, the asset failed to reach $67,000 four times. XRP and other significant cryptocurrencies are affected by bitcoin prices.

At $0.52, the XRP/USDT pair has pared its weekly gains from $0.55 on Monday. XRP is approximately 25% higher than its April 13 YTD low of $0.4188 despite the drop.

XRP price might rise to $0.60 if it breaks the 50% Fibonacci retracement line at $0.5310 from the April 9-13 collapse. This level is psychologically significant for XRP traders.

XRP's ascent is supported by a bullish MACD indicator. The crossing above the signal line also bodes well for XRP.

This week, the April 21 low of $0.5183 has provided crucial support.

#BTC #ETH #XRP $XRP

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#Bitcoin Price Drops Below $60K: A Warning Sign? Bitcoin fell below $60,000. BTC is consolidating losses near $58,000 and could fall further. Bitcoin fell below $60,000. The price is below $59,000 and the 100-hour SMA. BTC/USD's hourly chart shows a big bearish trend line with resistance at $58,000 (Kraken data stream). The pair may continue to fall due to daily closes below $60,000. Dropping Bitcoin Price Bitcoin dropped below $60,500 in a negative zone. To enter a short-term negative zone, BTC settled below $60,000. Price fell below $58,000. Price is consolidating losses after hitting $56,378. There was a slight uptick near $58,000, the 23.6% Fib retracement level of the decline from $64,740 swing high to $56,378 low. Bitcoin has fallen below $58,500 and the 100-hour SMA. Resistance near $58,000 is immediate. The hourly BTC/USD chart shows a big negative trend line with resistance at $58,000. First significant resistance may be $59,200. $60,500, the 50% Fib retracement level of the decline from the $64,740 swing high to the $56,378 low, may be next resistance. A decisive break above $60,500 barrier could boost prices. The next resistance is $61,500. Price may rise if it breaks $61,500 resistance. The price might reach $63,500 in this situation. More BTC losses? Bitcoin may fall if it fails to break $58,500. The downside has immediate support near $57,000. The first big donation is $56,500. If the closing falls below $56,500, it might drop below $55,000. More losses might push the price toward $53,500. #BTC‬ #fomc #bitcoin $BTC The technical indications Hourly MACD - The negative zone is strengthening. Relative Strength Index hourly BTC/USD RSI is below 50. Major Support Levels: $57,000, $56,500 Major Resistance Levels: $58,500, $60,500, $61,500.
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Machine Learning Predicts May 2024 #Dogecoin Price As April ends and the crypto market falls, Dogecoin's May prospects are not optimistic. One of the biggest losses is DOGE, which fell below $0.14. This underperformance is predicted to continue as CoinCodex's machine learning system anticipates more meme coin drop. The algorithm predicts another 13% drop The machine learning system predicts a 13% drop in Dogecoin prices in May, after a 14% drop last week. A machine learning technique that considers many variables showed that #DOGE remained pessimistic despite market greed. The program predicts a 13.66% drop in meme coin prices from $0.13 to $0.1238 in May. Dogecoin is anticipated to fall 1% to $0.14 in five days. In the long term, the machine learning algorithm does not anticipate the meme coin to achieve a new high until 2029. The meme coin's 2025 high is over $0.66, lower than its all-time high of $0.7. The following two years are likely to be negative, with prices fluctuating between $0.126 and $0.25. A fresh record high of $1.4 is projected. Dogecoin investors would have to wait five years for fresh peaks if this happens. Dogecoin Metrics Tell Different Stories The machine learning algorithm is gloomy, while Dogecoin measures are optimistic. For instance, Dogecoin trade volume rose 28% in the past day. If investor interest turns into demand, the price might soar significantly. Meme currency acquisition has increased, particularly among whales. One whale withdrew 226 million DOGE from Robinhood in two trades. Investors usually shift currencies from exchanges to private wallets to accumulate for higher pricing. This may change the tide. As of writing, Dogecoin is trading at $0.135, down 4% in 24 hours. DOGE may challenge $0.15 resistance if it reverses. However, a collapse might return it to $0.12. $DOGE #Memecoins
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Cosmos Hub Price Prediction: ATOM Stays Green Despite Market Crash—Invest Today? The Cosmos Hub price rose 4% today, pushing ATOM to $8.30 while the cryptocurrency market fell 9% in 24 hours. The cryptocurrency is down 5% in a week, 30% in 30 days, and 26% in a year despite this uptick. While its performance has failed in recent months, traders may have gone to its already-discounted pricing under market stress. As the market recovers, it may be poised for a major rebound. The biggest change on ATOM's chart is that, after rising all day, the currency has plunged significantly in the last hour as holders respond to the market meltdown. Its relative strength indicator (purple) has declined from 70 this morning to slightly around 50, indicating a major loss of momentum. After climbing sharply in the morning, ATOM's 30-day average (orange) flattened out in the previous hour, suggesting the RSI may dip below 30 before turning around. ATOM's falling resistance (red) and support (green) levels are bearish. This predicts that the currency will fall to a new medium-term level before recovering, with its volume surge indicating a growing willingness to sell. Some experts foresaw ATOM's rebound this morning, but in the cryptocurrency market, renowned analysts' forecasts may come true. ATOM deserves a strong return since the market has oversold it for so long. Cosmos' foundations show that it is expanding as an interchain for crypto platforms and networks. Cosmos will undoubtedly gain popularity as the ecosystem grows in the following months and years. ATOM may reach $10 in the next weeks and $15 by the end of the year, indicating an increasing Cosmos Hub price. Once current economic data pessimism subsides, it should surge again. #fomc #ATOM #Cosmos $ATOM
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Why FOMC Meeting Is Most Important In Years FOR Crypto Market For conventional finance and crypto markets, which are increasingly sensitive to macroeconomic signals, the Federal Open Market Committee (FOMC) meeting today (2 pm ET) is crucial. An in-depth study of alternative outcomes and their effects on X by noted financial adviser Kurt S. Altrichter provides a path for market players. Altrichter says markets have demonstrated resilience despite a drop in rate reduction forecasts from six at the start of the year to one by year's end. This is because investors expect the next Federal Reserve decrease, not a rise. The crypto market has been in a delicate balance, initially seemingly unaffected by the consequences, now investors are watching the macro situation intently. FOMC Preview: Crypto Market Reaction? Expected Situation: The FOMC might confirm predictions that rates would be lowered under the ‘Expected Scenario,’ according to Altrichter. He describes the potential effects of this scenario: The rally continues. While not a major positive factor, the Fed's rate rise pause could benefit equities, Altrichter said. Unreasonable Demands? Crypto Figure Says Consensys May “Need Prayers” He expects the S&P 500 to rise by less than 1%, government rates to fall by fewer than 10 basis points, and the dollar to fall. As the perceived danger of tighter monetary policy decreases, the crypto market may stabilize or improve. Hawkish Scenario: Market bulls worry about a 'Hawkish Scenario,' when the Fed raises rates due to inflation. Altrichter warns: “If J-Powell upgrades the inflation statement or says rate hikes are still being considered, SPX would drop hard by more than 1%, and all 11 SPDRs should be lower, with defensive stocks outperforming.” This might raise government rates by 10–20 basis points and boost the dollar to 107. Rate hikes usually cause investors to flee high-risk assets like cryptocurrency. #fomc #BTC‬ #bitcoin #BullorBear $BTC
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A man who does not have courage cannot be successful... @CZ #SupportCZ #CZBİNANCE
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