Altcoins News
By Sakamoto Nashi
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Ripple’s XRP is under pressure as the entire crypto market braces for a key moment in Bitcoin’s price movement.
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At the time of writing, XRP is trading around $2.42, slightly off its recent highs. It's trying to overcome the $2.
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Bitcoin, which recently approached the $105,000 mark, is showing signs of fatigue. The rally that once appeared unstoppable is now struggling under the weight of high leverage…
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XRP hasn’t escaped this pressure. In fact, nearly $16.2 million in long positions tied to XRP have been liquidated recently, accounting for about 80% of the token’s total…
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Still, there’s a potential catalyst waiting in the wings. A strong Bitcoin breakout could trigger renewed inflows into altcoins, including XRP.
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Not long ago, XRP made headlines by briefly overtaking Tether in market capitalization. Although it only held the third-place ranking briefly, the moment had a noticeable…
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Supporting that optimism are subtle signals from on-chain data. Analytics from CryptoQuant show that XRP reserves on Binance have declined slightly, from 2.906 billion to 2.
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There’s also an important dynamic unfolding between XRP and Ethereum. Recently, the XRP/ETH trading pair hit a significant support zone.
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That said, the path to $3 remains speculative unless Bitcoin makes the first move. XRP's future in the short term is tightly bound to Bitcoin’s performance at the $105,000 mark.
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Until then, the market is in a holding pattern. Traders remain cautious, analysts are watching key technical levels, and sentiment is mixed.
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