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A Saudi prince has allegedly been holding #XRP since 2017, according to the CEO of VivoPower! 🇸🇦
If this is true… XRP could be on the verge of a major explosion!
#TradersLeague
If this is true… XRP could be on the verge of a major explosion!
#TradersLeague
XRPUSDT
Long
Closed
PNL (USDT)
+0.97
+11.97%
Will the U.S. Government buy XRP at $10,000 and replace the dollar? The truth here! 💥💵
A rumor has gone viral saying that the U.S. Congress is buying XRP at $10,000 and that XRP will replace the dollar as the official currency. But what's the truth? 🤔
#TradersLeague
A rumor has gone viral saying that the U.S. Congress is buying XRP at $10,000 and that XRP will replace the dollar as the official currency. But what's the truth? 🤔
#TradersLeague
ADAUSDT
5X
Long
Unrealized PNL (USDT)
+0.17
+3.00%
XRP’s recovery holds above the 200-day EMA
Ripple’s XRP token shows a similar recovery on Friday as Bitcoin and Ethereum in attempts to shrug off last night’s drop. Holding above the 200-day EMA near the $2 psychological support, XRP eyes to reclaim the lost $2.13 level.
The momentum indicators in XRP mirror those of Bitcoin and Ethereum, signaling a loss of bullish momentum as the gains made earlier this week deplete.
A daily close above $2.13 could test the converging 50-day and 100-day EMAs near $2.25.
#XRP
Ripple’s XRP token shows a similar recovery on Friday as Bitcoin and Ethereum in attempts to shrug off last night’s drop. Holding above the 200-day EMA near the $2 psychological support, XRP eyes to reclaim the lost $2.13 level.
The momentum indicators in XRP mirror those of Bitcoin and Ethereum, signaling a loss of bullish momentum as the gains made earlier this week deplete.
A daily close above $2.13 could test the converging 50-day and 100-day EMAs near $2.25.
#XRP
Ethereum range meltdown breaks below $2,500
Ethereum is up nearly 1.50% in the day at press time, after a decline of over 7% on Thursday, breaking below the 200-day EMA at $2,460, which had acted as the lower boundary of a consolidation range.
ETH’s intraday growth on Friday creates a bullish candle and attempts to reclaim the dynamic support to nullify the breakdown, as previously seen on May 18 and May 19. However, the previous closing prices were bound within the price range, marking this potential attempt as a bear trap.
Similar to Bitcoin, the momentum indicators project increased downside risk as the MACD and its signal line remain in a freefall, while the RSI at 48 prolongs the declining trend below the halfway line.
If Ethereum bounces above the 200-day EMA at $2,460, it could rise towards the range’s upper ceiling near $2,700.
#Ethereum’s
Ethereum is up nearly 1.50% in the day at press time, after a decline of over 7% on Thursday, breaking below the 200-day EMA at $2,460, which had acted as the lower boundary of a consolidation range.
ETH’s intraday growth on Friday creates a bullish candle and attempts to reclaim the dynamic support to nullify the breakdown, as previously seen on May 18 and May 19. However, the previous closing prices were bound within the price range, marking this potential attempt as a bear trap.
Similar to Bitcoin, the momentum indicators project increased downside risk as the MACD and its signal line remain in a freefall, while the RSI at 48 prolongs the declining trend below the halfway line.
If Ethereum bounces above the 200-day EMA at $2,460, it could rise towards the range’s upper ceiling near $2,700.
#Ethereum’s
Bitcoin’s recovery is approaching 1.50% at press time on Friday, shrugging off the sudden 3% drop last night. As a bullish candle springs above the 50-day Exponential Moving Average (EMA) at $100,908, Bitcoin resurfaces above the $102,500 zone, which acted as a crucial support zone in May.
The persistent bullish failures to sustain an uptrend above $102,500 formed a head and shoulders pattern on the daily chart shared below. Bitcoin’s recovery on the day aims to invalidate the pattern if BTC closes above the zone.
However, the momentum indicators signal downside risk as the Moving Average Convergence/Divergence (MACD) shows a bearish trend with the average lines approaching the centre line. In addition, the RSI at 46 spikes towards the halfway line after the recent drop, signaling an overall decline in bullish momentum.
If Bitcoin's closing price holds above the $103,000 mark, it will mark a bear trap, resulting in a surge towards the all-time high at $111,980.
#Bitcoin
The persistent bullish failures to sustain an uptrend above $102,500 formed a head and shoulders pattern on the daily chart shared below. Bitcoin’s recovery on the day aims to invalidate the pattern if BTC closes above the zone.
However, the momentum indicators signal downside risk as the Moving Average Convergence/Divergence (MACD) shows a bearish trend with the average lines approaching the centre line. In addition, the RSI at 46 spikes towards the halfway line after the recent drop, signaling an overall decline in bullish momentum.
If Bitcoin's closing price holds above the $103,000 mark, it will mark a bear trap, resulting in a surge towards the all-time high at $111,980.
#Bitcoin
The cryptocurrency market experienced a sudden crash on Thursday after Circle, the issuer of USDC stablecoin, went public on the New York Stock Exchange (NYSE). Bitcoin (BTC) dropped to $100,000 levels with a 3% pullback, while Ethereum (ETH) recorded a nearly 8% decline, and Ripple’s XRP saw an almost 5% drop.
The shakeout resulted in nearly $1 billion worth of liquidations in the crypto market, with buyers incurring $888 million in losses, compared to $99 million in short liquidations. At the time of writing, BTC, ETH, and XRP are recovering, with over a 1% jump on Friday, indicating a bullish breather may be at hand.
#bitcoin
The shakeout resulted in nearly $1 billion worth of liquidations in the crypto market, with buyers incurring $888 million in losses, compared to $99 million in short liquidations. At the time of writing, BTC, ETH, and XRP are recovering, with over a 1% jump on Friday, indicating a bullish breather may be at hand.
#bitcoin
Very good
Bitcoin price is breaking above its consolidation level at $95,000 on Thursday, following a mild pullback the previous day.
US GDP contracted by 0.3% in Q1, missing the expected 0.4% expansion and increasing fears of stagflation.
CryptoQuant data indicates that the Bitcoin supply in profit is approaching a historic euphoria threshold.
Bitcoin (BTC) price is breaking above its key resistance level, trading above $96,000 at the time of writing on Thursday, following a mild pullback the previous day. The decline came as US GDP data showed a contraction of 0.3% in Q1, spurring recession fears, but BTC’s price fall proved to be short-lived.
US GDP contracted by 0.3% in Q1, missing the expected 0.4% expansion and increasing fears of stagflation.
CryptoQuant data indicates that the Bitcoin supply in profit is approaching a historic euphoria threshold.
Bitcoin (BTC) price is breaking above its key resistance level, trading above $96,000 at the time of writing on Thursday, following a mild pullback the previous day. The decline came as US GDP data showed a contraction of 0.3% in Q1, spurring recession fears, but BTC’s price fall proved to be short-lived.
A stablecoin launched by Donald Trump's World Liberty Financial crypto venture is being used by an Abu Dhabi investment firm for its $2 billion investment in crypto exchange Binance, one of World Liberty's co-founders said on Thursday.
Global cash
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