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XRP To Maintain Price Rally As Whales Reload Amidst Price Dip- Details
In the last week, the price of XRP increased by 35% as the general crypto market maintains a stellar performance stretching over the last two months. Interestingly, recent developments in the XRP market indicate a sustained bullish outlook for the prominent altcoin. Whales Accumulate $288 Million XRP As Price Slides To $2.22 In an X post on December 7, renowned crypto expert Ali Martinez shared that XRP whales had embarked on an accumulation spree amidst a recent price dip. Notably, XRP has been one of the best-performing cryptocurrencies in Q4 2024 rising by over 350% since the US elections. However,...
Bitcoin LTHs cash out at 326% gains: Can new demand keep BTC stable?
As Bitcoin’s [BTC] price continues its impressive rally, long-term holders are seizing the opportunity to cash out, realizing gains of approximately 326% on their investments with an average entry price of $23.4K. This surge in profit-taking has added selling pressure to the market, yet BTC has demonstrated remarkable resilience, absorbing the increased supply. But what’s driving these LTHs to sell now? And how are new investors stepping in to sustain the market’s upward momentum? Strategic profit-taking or market pessimism? Long-term BTC holders are capitalizing on the current rally, realizing an average 326% profit with an entry cost of $23.4K. This...
TRON PRICE ANALYSIS & PREDICTION (August 12) – TRX Resumes Bullish After Reaccumulating, Where Is It Heading Next?
Today, most altcoins across the crypto market appear calmer after charting a significant gain in the past few days. Mid-cap token like Tron is waxing stronger with no signs of slowing down at the moment. The remaining half of July saw TRX through a notable reduction after crossing over into the month on a positive note. Closing that month bearishly, it posted more losses until the price reached $0.117. Considering the selling period as a major retracement phase, the price bounced off this price level after a strong re-accumulation and resumed bullish impulsive at full speed. As seen on the...