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XRP Drops With Market as Bitcoin Weakness Pulls Altcoins Into Oversold Territory

XRP's price has recently fallen to its lowest point in three sessions, largely driven by significant selling from whale wallets that offloaded nearly 200 million XRP. Market sentiment turned risk-averse as Bitcoin dropped below $90,000, pushing altcoins like XRP into oversold status. The trading volume surged, indicating increased institutional selling activity. XRP's price decreased from $1.96 to $1.91, reflecting a classic distribution-driven decline. Despite a notable reversal at $1.895 aided by buying momentum, the overall macro structure for XRP remains fragile. Analysts note that for a bullish trend to emerge, XRP must reclaim the $1.96 level; if it fails to hold the $1.90 support, the price could fall further to $1.82 or $1.73. Technical indicators suggest oversold conditions, but the prevailing risk from whale distribution could impede recovery efforts.

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Michael Saylor's MSTR is Barely Ahead on BTC Bet, but Threat of Imminent Danger Overblown

Michael Saylor's company, Strategy (MSTR), is currently in a precarious position as Bitcoin prices have fluctuated sharply, leaving their balance sheet at a near breakeven point. As of now, MSTR faces no immediate risk of collapse, but significant concerns arise in 18 months when holders of convertible notes

Cardano suffers temporary chain split from code bug, but ADA hangs on

Cardano's blockchain faced a temporary chain split due to an old software bug that was triggered by a malformed delegation transaction. This incident was caused by an ADA staking pool operator named Homer J, who exploited the bug using AI-generated code. As a result, there was a disagreement

Crypto Treasuries Are Fading—And Staking ETFs Will 'Eat Their Lunch'

SOL Strategies Interim CEO Michael Hubbard asserts that the market for digital asset treasuries (DATs) is unsustainable. He highlights that while these entities relied on investment exposure to digital assets, their allure is waning in favor of regulated products like staking ETFs. Hubbard believes that ETFs provide a more secure

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