Altcoins News
By Sakamoto Nashi
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$300 Million in Realized Profits Signals Investor Exit. XRP briefly reclaimed $3 on Wednesday before reversing sharply.
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Exchange Inflows Confirm Selling Pressure. Exchange flow data reinforces the picture of heavy profit-taking.
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Technical Outlook: $2.78 Support in Focus. On the technical front, XRP has struggled to break out of a symmetrical triangle pattern.
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Macro Pressure Weighs on Sentiment. XRP’s struggles mirror broader weakness in crypto markets following the Fed minutes.
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Investor Behavior: Between Conviction and caution. While profit-taking has been heavy, long-term conviction in XRP remains visible.
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Outlook: Short-Term Pressure, Long-Term Opportunity. In the immediate term, XRP traders must watch the $2.78 support and $3 resistance levels closely.
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As investors booked more than $300 million in profits in just 24 hours. The pullback followed hawkish U.S.
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XRP briefly reclaimed $3 on Wednesday before reversing sharply. Data from Santiment shows that investors realized over $300 million in profits during the past 24 hours.
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The minutes revealed heightened concerns among policymakers about persistent inflation, suggesting the Fed may resist easing rates in the near term.
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“Over 90% of XRP’s circulating supply is currently in profit, so the temptation to lock in gains is high—especially in the face of macro uncertainty,” analysts at Santiment noted.
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Exchange flow data reinforces the picture of heavy profit-taking. According to Coinglass, XRP’s net inflows surged to $76.
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Despite this, XRP’s futures market has remained relatively stable. Open interest declined only modestly—by about 100 million XRP over the past week—suggesting that the latest…
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“This is a healthy reset in the market,” said a derivatives analyst. “The fact that open interest hasn’t collapsed shows traders are not panicking.
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On the technical front, XRP has struggled to break out of a symmetrical triangle pattern. Earlier this week, the token dropped below both the triangle’s lower boundary and the…
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At the time of writing, XRP trades around $2.85, consolidating just above the key $2.78 support level. Failure to hold this support could push the price toward $2.
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