Currently, XRP will re-test the key support which is at $1.99, and it will rise again to $2.03. This scenario is in case the price does not break the resistance at $2.05 and confirms the rise with a green candle and good trading volume according to the RSI indicator. XRP$XRP
The Core CPI is an economic indicator that measures the change in the prices of goods and services purchased by consumers, but excludes food and energy due to their high volatility. This makes it a more reliable indicator of underlying inflation trends.
Impact on currencies and crypto: • If Core CPI increases, it signals persistent inflation. The Federal Reserve might raise interest rates to control it. This typically strengthens the US Dollar and puts downward pressure on cryptocurrencies like Bitcoin and XRP. • If Core CPI decreases, it suggests weaker inflation. The Fed might consider lowering interest rates. This weakens the Dollar and can boost crypto assets as investors seek riskier alternatives.
⸻
2. Federal Reserve’s Balance Sheet:
The Fed’s balance sheet shows the total assets and liabilities held by the US central bank. It includes: • Treasury securities (government bonds), • Mortgage-backed securities, • Loans to banks, • Reserve balances.
Impact on the market: • When the Fed expands its balance sheet (by buying assets and injecting liquidity), it increases money supply and usually leads to bullish momentum for cryptocurrencies and stocks. • When the Fed reduces its balance sheet (known as Quantitative Tightening - QT), it withdraws liquidity from markets, often causing bearish pressure on crypto and supporting the Dollar.
As we see in the picture, before the drop of a thousand dollars for Bitcoin, we have a (15-minute) candle in the shape of a hammer, which is a famous candle that led to the decrease in the price of the currency. This is just a correction for the currency, and we may see breakouts above $86,000 during this day, God willing $BTC #BTC $BTC #USACryptoTrends
Is the currency #kaito linked to other currencies? Like the $BTC $XRP $ADA Meaning, does the rise of other currencies indicate a rise in currency #kaito ?
$KAITO 🚀 $KAITO Coin: The Golden Opportunity Before Takeoff! 🚀 Are you looking for the most profitable coin right now? $KAITO achieves amazing gains in a short period, and it is now on a strong upward trend! But beware... the opportunity won't last long! ⏳🔥 🔹 Expected price today: $2.5 💰 🔹 Expected price this week: $3 or more 🚀 💡 Why might this be your golden opportunity? ✅ Strong upward trend – the price is climbing rapidly 🚀 ✅ Potential for massive gains – the numbers speak for themselves 💰 ✅ Market fluctuations may slow the rise a bit, but the overall trend is strongly upward! ⚠️ Don't let the opportunity slip away! $KAITO is now one of the most profitable coins, and its position in the market is becoming stronger. If you are waiting for the signal to enter... this is the right time! 💎🔥 #BinanceSquareFamily #BinanceLaunchpoolREDq