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There is no denying that the cryptocurrency market has bounced back in a big way this week. After months of stagnation, macroeconomic conditions and geopolitical developments saw some optimism arise. Although Ethereum has been performing well, there is one thing that may stand between ETH and the coveted $3,000 mark. The asset has long been the second-largest cryptocurrency by market cap. Moreover, there were experts who discussed the cryptocurrencies poised to take a chance at overtaking Bitcoin. Yet, analysts have pointed to one key facet that may keep Ethereum from breaking through the critical level. Source: Watcher Guru Also Read: Ethereum: Analysts Explain Why ETH is en Route to Overtaking Bitcoin Ethereum to $3,000? Why One Thing May Stand In Its Way Since the arrival of US President Donald Trump, the digital asset sector has been on the up and up. Indeed, his return to the White House has brought with it the first pro-crypto administration in the country’s history. That is...

Solana (SOL) short interest has risen over the past week, in tandem with the cryptocurrency’s move to the upside following a two-week period of range-bound trading. As of May 14, 51.39% of the futures positions opened within the last 24 hours have been shorts, marking a noticeable change from May 8, when Solana’s short interest reached a low of 48.34%, according to data retrieved from crypto Analysis platform Coinglass .  Solana short interest 1-month chart. Source: Coinglass Short interest now sits at a one-month high, raising concerns that Solana’s recent rally, which has seen prices increase by 35.92% in the past month, may face near-term resistance. SOL price 1-month chart. Source: Finbold Is the increase in Solana short interest a sign that the SOL rally is coming to an end? Despite the increase in short interest, it remains unlikely that SOL’s recent price action will see a true reversal in the short term. Before the rally, whales loaded up on Solana...

The XRP price has jumped 6.8% in the last 24 hours to trade at $2.34 as 3:25 a.m. EST on a 13% pump in trading volume to $26 billion. This surge in the Ripple token’s price comes after Ripple CEO Brad Garlinghouse announced on Tuesday that the New York Department of Financial Services (NYDFS) approved the launch of its stablecoin, RLUSD. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first. — Brad Garlinghouse (@bgarlinghouse) December 10, 2024 RLUSD is a stablecoin designed to maintain a 1:1 peg to the US Dollar. Like popular stablecoins such as USDT and USDC, Ripple asserts that RLUSD will be backed by actual US Dollar deposits, short-term government treasuries, and other cash equivalents. XRP Price Rebounds On A Double Bottom Pattern The XRP/USDT trading pair, in the 4-hour timeframe, presents an interesting setup with a c...

Join Our Telegram channel to stay up to date on breaking news coverage The Ripple price prediction shows XRP could renew the bullish trend after testing the support level of $0.36 today. Ripple Prediction Statistics Data: Ripple price now – $0.39 Ripple market cap – $19.6 billion Ripple circulating supply – 49.8 billion Ripple total supply – 99.98 billion Ripple Coinmarketcap ranking – #7 XRP/USD Market Key Levels: Resistance levels: $0.45, $0.47, $0.49 Support levels: $0.35, $0.33, $0.31 XRPUSD – Daily Chart Buy Ripple Now Your capital is at risk XRP/USD regains ground after touching the daily low at $0.36 during the European session today. The Ripple price is currently changing hands at $0.39 and with the recovery, the coin is hovering above the 9-day and 21-day moving averages . Would Ripple Price Move to the Upside Just like the Tamadoge? According to the daily chart , the Ripple price is moving towards the resistance lev...