Live Feed

XRP Price News: Fades Below $2.60 as $63M Whale Sales Hit Binance

XRP has recently fallen below the $2.60 mark due to considerable selling pressure, particularly from whale sales near the $2.66 resistance level. A significant transfer of 23.9 million XRP, valued at approximately $63 million, to Binance has been identified as a driver of short-term distribution in the market. Despite this, institutional buying has reportedly defended the $2.55 support level during an uptick in trading volume. Traders are currently focused on the $2.55 support and the resistance range of $2.65 to $2.66 for potential market movements. The average trading volume spiked significantly, confirming that institutional investors are actively buying the dips around $2.55. However, the market sentiment remains bearish as XRP is trading below its 200-day moving average. Moving forward, traders will closely watch if the $2.55 support holds in the upcoming weekend trading sessions and the reaction at the established resistance levels.

Source 🔗

$19B crypto market crash was ‘controlled deleveraging,’ not cascade: Analyst

Analysts indicated that the recent $19 billion liquidation in the crypto market was primarily an organic deleveraging rather than a sudden cascade. On October 14, a significant drop in open interest for perpetual futures was noted, declining from $26 billion to under $14 billion, coinciding with a surge in crypto

BlackRock's IBIT Bucks the Trend with Continued Inflows Despite Weak BTC Price Action

Despite a recent downturn in Bitcoin prices and significant ETF outflows, BlackRock's iShares Bitcoin Trust (IBIT) has seen notable inflows, totaling $134 million over two days. This trend comes even as Bitcoin's value dropped from over $122,000 to around $107,000, significantly weakening its performance

Monad co-founder flags Telegram ad scam in official channel ahead of airdrop

Monad co-founder Keone Hon has alerted users to a scam involving fake advertisements in the project’s official Telegram channel. These malicious ads mimic the claims portal related to Monad's upcoming airdrop, which is set to occur on October 17. Hon urged users to refrain from clicking on

Read next