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Right now, this is the most critical support level for !👇 Holding here is key for the next leg up—keep a close watch on this zone. The market is at a tipping point! 💥
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$XRP has enjoyed an excellent few weeks in terms of performance, reaching a valuation of $2.39 per unit, representing an 18.8% increase in the last 24 hours.👀💥 This rally is particularly significant given that the cryptocurrency had fallen below $2.00 earlier this week, hitting a low of $1.98. XRP’s sudden recovery should be understood within a context marked by impulsive movements that have been occurring since early November. $XRP $BTC
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Interesting times ahead for the crypto industry with these leadership changes! Maxine Waters continuing on the Financial Services Committee and the potential shift in CFTC’s role could lead to new regulatory approaches. Definitely something to watch closely in the coming months👍
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Off to a solid start 👀 There are almost NO coins in the space right now that have printed such clear impulsive PA on their rises as $XRP has done thus far. Arguably the cleanest chart in the space atm when trying to identify impulsive/corrective PA. The clarity with which we see the impulsive price action speaks to the strength and momentum behind $XRP at this time. $XRP P likely going to outperform the entire market in the coming months. At this time, we are wrapping up a corrective move after the last impulse (labeled in blue) on the left. Once this correction wraps up and the next impulse begins, it's show time (again).
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More controversy looms over Solana’s (SOL) decentralized finance (DeFi) as the crypto community discusses Maximum Extractable Value (MEV) tactics. According to sources, a single Solana validator has extracted over $60 million from “Sandwich Attacks” in a month. This was done using Solana’s blockchain architecture – which facilitates MEV activities like sandwich attacks – to its benefit and users’ harm. The onchain and DeFi analyst, core developer of DefiLlama, 0xngmi, commented on the matter, highlighting the $60 million profit. “And that’s only profits,” he added. “Total user losses are higher because you need to include validator bribes,” the transaction priority fees users have to pay. $SOL
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