2.02 Billion in 24 Hours, XRP Enters Rare Distress Mode
$XRP open interest tops $4.7 billion as rebound optimism returns to market XRP has seen notable activity in the last 24 hours that signals distress for the altcoin. The assetās open interest has suffered a huge decline in the crypto market. As per CoinGlass data, XRP plunged by 6.67% within this time frame.
Sharp decline in XRP open interest raises investor concerns
Notably, XRP recorded $4.78 billion in open interest as investors committed 2.03 billion $ETH to the asset's futures contracts. Although this volume is significant, the over 6% drop suggests a massive loss of confidence by XRP investors.
25,740,000,000,000 SHIB Stuck as Market Downturn Hits Shiba Inu
#SHİBA Inu price dropped 6% as market fell The current market scenario suggests the 25.74 trillion SHIB held in the $0.000014 and $0.000015 range might be "stuck," as the 34,170 SHIB addresses holding might be underwater or at break-even, awaiting market trends to decide their next moves. Given the current profit-taking in the market, some of these addresses might decide to sell to break even on their positions. On the flip side, this consolidation zone could also act as a support level if holders in this range choose not to sell at the moment while anticipating a price recovery. As SHIB clings to the lower edge of the $0.000014 to $0.000015 range, all eyes are on whether it can rebound or break. For now, the dog-themed coin is caught in limbo, along with trillions of tokens.
450% Surge in Shiba Inu (SHIB) Whales: This Might Be Too Bullish
Shiba Inu has steadily declined from the start of the week, with a price spike to highs of $0.00001764 cut short on May 12 due to a drop in the broader cryptocurrency market. Since May 11, SHIB has marked five out of six days in losses as investors sold on rallies. $ETH $XRP $BNB #SaylorBTCPurchase #BinanceAlpha$1.7MReward #BinanceTGEAlayaAI #BinanceAlphaPoints
One important technical sign just popped up on the $XRP / $BTC daily chart, showing that #Xrpš„š„ is losing ground to Bitcoin. It looks like a death cross has formed ā that's when a short-term moving average crosses below a long-term one ā and it might be setting the stage for more weakness. $ETH #SaylorBTCPurchase BinanceAlpha$1.7MReward#MastercardStablecoinCards #BTC #BinancePizza