My analysis indicates correction, with very different indices from yours, however, it continues to rise. Explanation? I don't know, but I can only venture to say that
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Stephane Bobbitt jguE
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Why do they think the market doesn't let the price drop? The trend indicates correction, but it keeps rising.
While Stellar XLM is the second star of the moment, after Ripple XRP, at this time I notice that it is overbought.
Price correction in sight.
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Crypto Journey1
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🚨 ALL $XLM HOLDERS: 74,855,370 XLM ($38M+) JUST MOVED ON BINANCE! WHAT’S NEXT? 🚨
A huge transfer of 74,855,370 Stellar Lumens ($XLM ) worth approximately $38,458,166 USD has been detected. The transaction moved from #Binance Withdrawals to #Binance, sparking speculation about its purpose. What Could This Mean? 1️⃣ Whale Activity: This could be a whale repositioning assets, preparing for a major move or leveraging opportunities on Binance. 2️⃣ Market Impact: Significant inflows like this often hint at upcoming trades, possibly affecting XLM's price in the short term. 3️⃣ Institutional Play: Large transactions may indicate institutional interest, which could be a bullish signal for XLM. Stay Vigilant! Monitor XLM's price and trading volume closely, as this transaction could precede a big market move.
$HBAR What's up with HBAR? Looking at the 1D chart, it's amazing to see that $HBAR has THREE, yes! three golden crosses: the 20, 50, and 70 EMAs cut the 200 EMA upwards. Why isn't the price shooting up?
Well, we know that nothing is certain in the stock market, but I fear that the market is being artificially held down.
$BTC, $XRP about to take off...
I recommend keeping an eye on $HBAR. Watching the 1D candles.
Short, useful ideas, without moralistic speeches, very effective at first glance... Congratulations!
Thank you!
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RON Coin COCA
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If you are new to the cryptocurrency market, you should remember these most effective trading mantras 1. Buy horizontally and buy on dips, not vertically. The selling point is at the boiling point; 2. Small and continuous increases are real increases, and large and continuous increases require exiting the market; 3. A sharp increase requires a correction, and there are no deep falls that require large purchases; 4. The main increase must reach its peak, and a sharp drop should be sold quickly, and a slow increase should be sold slowly; 5. A sharp drop without volume is a threat, and a slow drop with high volume should be exited quickly: 6. If the price breaks the lifeline, do not hesitate to make waves, 7. Carefully watch the daily and monthly lines, and follow the main force to build positions 8. If the price rises without volume, the main force will attract more, so do not stay on guard 9. A new low with decreasing volume is a background image, and an incremental rebound requires entry: The simplest things in the cryptocurrency market are often the most effective, and all mantras are the crystallization of wisdom. Learn these mantras, remember them, and use them in real combat, which will definitely save you many detours. #copied
Almost without words, you give wonderful information and ideas.
ALGO is one of the FOUR coins that make up the TRAIN that is going to shake up the crypto world.
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Marlyn Usher UhvN
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$ALGO that's how you spot a reversal, not just the candles body but very important the wicks. Now for the next couple of hours will stay in the range of that nice green candle and if is not going through that fwg at the bottom will just bounce back up will i assume will do looking on higher time frames as ascending trend didn't change. Just my opinion 😌
I didn't understand what you meant by "trading at 1.46$ with potential to continue rising"; isn't it a stable currency?
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CryptoPotato
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Big Ripple (XRP) Announcement Soon? Company Burns Millions of RLUSD Tokens
TL;DR
Ripple’s stablecoin is reportedly ready for launch, pending NYDFS approval.
XRP remains strong, boosted by political shifts and anticipation of RLUSD’s release, currently trading at $1.46 with further potential upside.
Is It Launch Time?
Ripple took center stage in April this year, displaying its plans to introduce a stablecoin pegged 1:1 to the American dollar. Over the past several months, the team disclosed that the product’s name will be RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum.
Towards the end of the summer, Ripple began testing the stablecoin, alerting users that purchasing and trading will be open once it received the necessary regulatory approval.
The team minted and burned a vast amount of RLUSD during the testing phase. Most recently, X user Vet claimed that almost all stablecoins have been burned. “On each Ethereum and XRP Ledger, there is only around 100k RLUSD left,” they added.
The announcement triggered speculation that the product’s launch might be just around the corner. However, Vet reminded that RLUSD will see the light of day once the New York Department of Financial Services (NYDFS) gives the green light.
Earlier this month, Monica Long (Ripple’s president) said the team is “operationally ready” to launch the product. However, she also maintained that the development is in the hands of the NYDFS.
“It’s up to them. They are reviewing our trust application. It’s going to be in their hands when they are approving it.”
XRP Price Outlook
Some analysts have previously suggested that the further advancement of RLUSD and its eventual launch could positively impact XRP’s price.
Ripple’s native token has spiked by 3% on a 24-hour scale, currently trading at around $1.46 (per CoinGecko’s data). It remains one of the best-performing cryptocurrencies in the last month following Donald Trump’s win in the US presidential elections and Gary Gensler’s (the Chairman of the US SEC) confirmation to vacate his post in January 2025.
XRP Price, Source: CoinGecko
Gensler is known for his anti-crypto stance, and the agency has filed countless lawsuits against cryptocurrency businesses during his tenure. Perhaps the most popular is the legal battle against Ripple.
The XRP army now expects a faster and potentially favorable resolution under Gensler’s successor, who, according to some reports, might have a totally different approach to the digital asset sector.
The post Big Ripple (XRP) Announcement Soon? Company Burns Millions of RLUSD Tokens appeared first on CryptoPotato.
In the one-hour chart, ENJ shows the long-awaited pattern. While nothing is certain in the financial world, it is time to keep this situation with ENJ in mind.
The drop in the opening candle of this hour seems like a "bear trap". What do you think?