Crypto Crash Recovery: XRP Price Surges on Strong Fundamentals, Outshining Bi...
Following a stormy week that erased over $1 trillion in crypto market capitalization, signs of recovery are emerging, with the XRP price leading the way. While Bitcoin struggled to hold the $104,000 mark and Ethereum remained under pressure near $3,400, the XRP price rallied nearly 5% to trade around $2.31, outpacing both majors. Related Reading: Galaxy Digital Slashes Bitcoin EOY Price Target To $120,000 Analysts attribute this strength to robust fundamentals, including Ripple’s strategic partnership with Mastercard and renewed institutional interest following a $500 million investment....
Related News
Following legacy markets, Ethereum and XRP have undergone strong corrections over the past week. According to an analyst, though, the price of ETH could soon undergo a bullish recovery above $400. This comes as analysts have affirmed that ETH’s fundamentals are more bullish than ever. These fundamentals include persistent development in decentralized finance and development […]
Bitcoin price meanders near its low, apparently acquainting itself with long-term support. Chart technicals to one side today, as we consider the question “Do fundamentals drive price?” Today’s article considers the bitcoin price chart in context of similar speculative markets. The discussion focusses on the notion of fundamentals. The term fundamentals is used in its broadest sense, and not in the strict investment definition that refers to company balance sheets, work in progress, and so on. Although there are parallels between the bitcoin price market and other commodity markets, as....
Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]
Telegram-based Notcoin (NOT) recently carried out a token burn that paints a bullish outlook for the crypto token’s ecosystem. This comes amid a recent price recovery for the NOT token, with fundamentals suggesting that more price surges may be imminent. Notcoin Burns 210 Million NOT Tokens Notcoin revealed in an X (formerly Twitter) post that they had just burned 210 million NOT tokens ($3 million). They noted that the crypto token’s tokenomics is now “extremely community-oriented” thanks to this. They further revealed that 94.18% of Notcoins are held by 11.5 million people, including....
Chainlink (LINK) has embarked on a strong recovery over the past 24 hours after plunging over 50% from its all-time high set in August. The coin now trades up 15% in the past 24 hours, meaning it’s on the verge of reclaiming the $10 support level. LINK’s recovery comes as Bitcoin has undergone a strong […]