According to U.Today, XRP has reached unprecedented risk levels, raising concerns about the sustainability of its recent explosive growth. Historically, such high-risk levels have been followed by significant market corrections. Despite the current strong momentum, indicators suggest a possible reversal rather than continued upward movement, especially without a consolidation phase.XRP recently surged to $2.161, demonstrating parabolic growth on the price chart. This upward trajectory has pushed the asset into overbought territory, surpassing typical resistance levels. The Relative Strength Index (RSI) is near its peak, indicating overextension. At these levels, sharp volatility is likely due to profit-taking and the absence of significant consolidation. Historically, strong rallies like this often lead to corrections as traders lock in profits and the market seeks a more stable price range.Technically, XRP's main support levels are at $2.00 and $1.80, which could serve as safety nets in case of a decline, offering potential entry points for buyers. However, if the rally continues and XRP breaks above $2.75 with significant volume, it could signal further gains, with $3 as a potential target. Such a scenario would require a substantial increase in market participation, which is uncertain given the current risk profile.The risk chart indicates that XRP is in a zone where market enthusiasm typically wanes, leading to corrections. Extreme risk is generally associated with greater downside vulnerability and less upside potential. Despite defying expectations during this rally, it is historically unlikely that XRP will maintain this trajectory without a cooling-off period. While caution is advised, XRP's recent performance has been remarkable. However, the risks for those entering new positions now outweigh the potential rewards. A pullback might provide a healthier setup for future movements, emphasizing the importance of risk management at this time.

The post Russian Expert Warns: Hamster Kombat Players Tap for Cash but End Up with Peanuts appeared first on Coinpedia Fintech News

A Russian financial expert has issued a warning about the popular game Hamster Kombat, following complaints from players after the end of its first season. Many Russian players expressed disappointment, believing they would earn substantial profits from the game. 

According to Victor Pekov, an independent financial crime specialist in the crypto space, some players became “hostages of their own expectations,” thinking they would get rich by playing. Pekov said that the game’s developers never promised large financial rewards.

Pekov told RTVI that people overestimated their chances of earning money with Hamster kombat. Many players aimed to collect enough in-game currency to exchange it for real money, but the game’s developers never promised any income. While some were surprised to only earn $5 to $15 after months of playing, Pershikov said this outcome was actually expected and made sense.

“It is obvious that many people who used Hamster were trying to accumulate a sufficient amount of in-game currency in order to exchange it for real money later. And in this regard, it is important to understand that the team never promised anything, did not talk about any potential income,” he said.

Some even went to extremes, buying massage guns to speed up their tapping efforts. Despite this, game developers warned that certain players had used unfair methods, such as bots, and would be excluded from the airdrop.

Further dissatisfaction arose when developers announced that players could only claim part of their token allocations, with the rest being vested for several months. This led to a mix of anger and resignation among players, with some calling the game a scam.

Despite the controversy, developers maintain that no one was promised significant earnings. As the game continues to evolve, with a planned HMS token listing event in September, it remains to be seen how the situation will unfold.