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Binance HODLer Airdrop Alert! ๐จ - Airdrop Details๐: The 22nd Binance HODLer Airdrop features $HOME, a DeFi SuperApp. - Eligibility Criteriaโ๏ธ: You may be eligible if you staked $BNB in Simple Earn (Flexible or Locked) or On-Chain Yields between June 6-9. - Token Distribution๐ฐ๐ช: Eligible users may receive $HOME tokens in their Spot Wallet. - Trading Scheduleโณ: $HOME trading went live on June 12 at 15:00 UTC. - More Information๐: Visit Binance academy for details on the airdrop and token claiming process. #BinanceHODLerHOME
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Global crypto market cap dips 2.18% to $3.36T, with Bitcoin trading at $107,591 (-1.72%). Top gainers include ARDR (+19%), RVN (+8%), and RESOLV (+7%). Meanwhile, major cryptos like ETH, XRP, and SOL see losses. Key news: a stablecoin bill advances in the Senate, BlackRock eyes crypto dominance, and Brazil considers a Bitcoin reserve. Market watch: ETH $2755.44 (-0.56%), XRP $2.25 (-3.02%), SOL $159.47 (-3.96%), and more.
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The recent price action of XRP has been nothing short of remarkable, with a substantial 110% surge sparking considerable interest among traders and investors alike. Following a robust rally in early June that briefly propelled the price above crucial moving averages, XRP is currently undergoing a retracement phase. However, this pullback might actually be laying the groundwork for the next significant upward movement.XRP's price recently broke above its 50-day and 100-day Exponential Moving Averages (EMAs) at $2.28 and $2.26, respectively. Although it stalled slightly below the 200-day EMA at approximately $2.40 USDT on the daily chart, the outlook remains promising. The support levels for today's retracement are positioned near the 100-day EMA, with the 50-day EMA acting as a secondary support floor.If these support levels hold firm,next resistances to watch out for would be the 200-day EMA and the previous descending trendline around $2.60. real narrative driving this price action, however, lies in network usage. According to the Stellar Data API, a record 1,109,289 XRP payments were recorded in a 24-hour period on June 9, marking the highest daily total since early 2024.This surge in transactions signifies more than just speculative trading; it indicates genuine demand and utility for asset. Historically, spikes in on-chain activity have often preceded long-term rallies as new users join network and existing holders accumulate more tokens. A clean retracement that adheres to the 50-day and 100-day EMAs can help consolidate tokens in hands of dedicated investors and eliminate weaker hands, which is why pullbacks often unsettle traders.For XRP to create a solid foundation for a subsequent upward leg, it needs to stabilize above $2.26-$2.28 range accompanied by an increase in trading volume. Conversely, a break below $2.26 would put the long-term 200-day EMA at risk of being retested at $2.08. Maintaining the 100-day EMA at $2.26 USDT is crucial for preserving bullish momentum. On dips, accumulation near the 50-day EMA at $2.28 USDT would be a positive sign.
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Is market rebound or fluctuation occurs? #MarketRebound
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