XRP Revives the Cryptocurrency Market: Stability Potential and Investment Strategy
New Information About XRP and Shifts in the Cryptocurrency Asset Portfolio
XRP is once again making waves, not only on the price chart but also in the portfolios of financial institutions. According to lawyer and cryptocurrency activist Bill Morgan, financial data sent to the U.S. Securities and Exchange Commission (SEC) confirms that Quantum Biopharma has added 100,000 XRP to its cryptocurrency reserves earlier this year. The company also holds Bitcoin, Solana, and Dogecoin, demonstrating the trend of portfolio diversification among large institutions.
A Tough Competitor for Bitcoin Maxis in Multi-Chain Investment Strategy
Satirizing Bitcoin maximalists, Morgan emphasizes that Quantum operates based on realistic analysis, in stark contrast to Bitcoin maximalists who often ridicule other asset types without providing sound financial reasoning. The broad asset allocation across multiple blockchains indicates preparation for a multi-chain future, where XRP plays a central role in their strategy. This move demonstrates the organization's ability to conquer the cryptocurrency market, surpassing the one-sided view of traditional Bitcoin speculators.
The Development Trend and Derivatives Market of XRP: Is It the Right Time to Invest?
The Cryptocurrency Market Sentiment is Hot and Cold in Turns
In the past 24 hours, XRP has risen nearly 7%, reaching $2.31 USD, demonstrating strength in the overall bullish trend of the market. Thanks to active investment inflows, the open interest of XRP on exchanges increased by 3%, reaching $4.03 billion USD. The average funding rate is higher than 0.0096%, indicating a slight increase in long positions, reflecting the confidence of large investors.
Risks and Opportunities from Liquidation Orders
Although the upward momentum remains intact, data shows that as much as $9.27 million in open long positions were liquidated in the past 24 hours, significantly more than the $6.46 million in short positions. However, the longs/shorts ratio remains around 0.996, showing a temporary balance in the market, reflecting investor caution about the sustainability of the upward trend.
XRP Faces Major Resistance Level: Market Direction Opportunity
Technical Analysis and Key Resistance Levels
XRP is attempting to breach dynamic resistance levels at the 50-day and 100-day EMAs around $2.24 USD. If the price closes above these levels clearly, it is highly likely to trigger a rally beyond the $2.33 USD mark, which has been a strong resistance area since January.
MACD and RSI: Currently in the Near-Peak Phase
The MACD indicator is giving a clear buy signal, with a continuously expanding green histogram, indicating the potential for sustained upward momentum. Conversely, the RSI at 49 reflects an unclear state regarding the market's strong momentum, leading analysts to closely monitor the potential for a breakout in the near future. The sentiment of large institutions will determine the main trend of XRP.
Source: https://tintucbitcoin.com/quantum-biopharma-dau-tu-them-100k-xrp/
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