Die Initiative Bitcoin for Signal will erreichen, dass die marktführende Kryptowährung beim Datenschutz-Messenger Signal als Krypto-Zahlungsmittel integriert wird.
Ripple price forecast: XRP could dip below $2.0 as bearish momentum thickens
Key takeaways
- XRP is down 7% in the last 24 hours and is now trading at $2.2 per coin.
- The bearish performance comes as the broader crypto market undergoes a correction.
XRP continues to decline despite Ripple’s efforts to accumulate more tokens
XRP, the native coin of the Ripple ecosystem, has lost 7.5% of its value in the last 24 hours and is now trading at $2.2 per coin. The bearish performance comes despite Ripple Labs leading an effort to raise at least $1 billion through a special-purpose vehicle aimed at accumulating XRP.
Bloomberg reported that the funding round will occur via a special purpose acquisition company (SPAC), with funds held inside a new digital-asset treasury (DAT) structure. The report added that Ripple intends to contribute a portion of its own XRP holdings.
Furthermore, Ripple announced on Thursday that it had acquired GTreasury, a corporate treasury software provider, in a deal worth $1 billion. Ripple is expanding into financial services via acquisitions, buying stablecoin payments firm Rail and prime brokerage firm Hidden Road earlier this year.
Ripple revealed that GTreasury’s treasury platform, used by Fortune 500 enterprises for managing cash, foreign exchange, and risk, will now become part of its suite of financial tools.
XRP could dip below $2 as bullish momentum grows weaker
The XRP/USD 4H Chart is bearish and inefficient after the coin price found resistance around the lower trendline of a falling wedge pattern earlier this week. It has lost 7.5% of its value in the last 24 hours and is now trading below the daily support of $2.35.
The RSI of 37 shows that bears are currently in control, with the MACD lines also signalling selling pressure. At press time, XRP is trading at $2.216 per coin. If the correction continues, XRP could extend its dip toward the next daily support at $1.96. Last Friday’s low of $1.77 could also be revisited if the bearish trend continues.
However, if XRP recovers, it could extend the recovery toward the 200-day EMA at $2.62 over the next few hours. The $3 resistance level remains a medium-term target for now.
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Aster price tanks 20% as sell-off pressure hits altcoins
- Aster price fell 20% to near $1 as sell-off pressure hit altcoins
- The altcoin touched its all-time high of $2.42 in September, but has declined amid broader selling.
- Altcoins are dumping as Bitcoin slips to under $106,000.
Aster (ASTER)’s parabolic gains in recent weeks are quickly fading in the rearview mirror as cryptocurrencies plummet.
The decentralized exchange’s governance token fell nearly 20% to inch closer to the $1 support level, with bulls succumbing to broader sell-off dynamics.
Aster has erased significant gains, and broader risks could see bears take control.
Aster price extends decline amid 20% dip
With crypto in red early Friday, Aster’s price plunged 20% to hit lows of $1.08 across major exchanges and trading platforms.
Having changed hands above $1.36, the double-digit declines over the past 24 hours meant ASTER ranked among the top losers alongside Zcash, Mantle, SPX6900 and Morpho.
Aster’s sharp downturn extends a multi-day decline since bulls failed to hold onto gains near $1.60.
The token had surged to the mark after bouncing off lows seen during the crypto crash on October 10.
In the past week, Aster’s price has fallen more than 32%, as profit-taking and broader macroeconomic pressures weighed on sentiment.
The next-generation decentralized perpetuals and spot exchange, built on the BNB Chain, had previously drawn significant attention from investors and traders alike.
Aster’s rapid rise had been bolstered by recent listings on major platforms such as Robinhood and Binance, which helped fuel earlier momentum.
However, the euphoria looks to be dissipating as sell-off pressure across cryptocurrencies mounts.
Bitcoin dipped below $105,000 early Friday. As bears touched lows of $104,597 after a 4% drop in the last 24 hours, top altcoins plummeted.
Ethereum, Solana and XRP all dipped to or below key support levels, intensifying the bloodbath.
What next as Aster revisits $1 level?
Currently, Aster’s price flirts with the $1 psychological threshold.
This is a key level that bulls have to defend to avoid giving up further ground.
Prices, as the chart below shows, have recently consolidated above the critical mark.
However, the sharp decline and breakdown from a descending triangle pattern mean bulls are at risk of more pain.
The token’s all-time high of $2.42 on September 24 is well off.
Nonetheless, technical indicators such as the Relative Strength Index (RSI) on the daily put ASTER in oversold territory.
What this suggests is that exhausted selling could allow bulls to target a rebound.
Any downward pressure could nonetheless see the support at $1.00 collapse.
Data from Coinglass shows a sharp decline in open interest for Aster, now at $477 million.
Bullish positions have borne the brunt of the correction, with long liquidations accounting for nearly 90% of total liquidations — more than $10 million out of $12 million in the past 24 hours.
Short positions made up just $1.73 million of the total.
For bulls, a decisive breakout above $1 remains critical to regain momentum.
Conversely, sustained selling pressure below $0.85 would likely hand control to the bears.
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Tether nominiert eigenen CIO für Klubvorstand von Juventus Turin
Mit einem Anteil von über 10 % am italienischen Traditionsklub Juventus Turin fühlt sich Stablecoin-Herausgeber Tether berufen, nun auch einen eigenen Vertreter im Klubvorstand zu haben.
Crypto market update: Bitcoin dips below $106k, ETH, XRP, SOL risk key levels
- Bitcoin price has dropped below $106,000 as bearish pressure sends cryptocurrencies plummeting.
- Ethereum, Solana, XRP and BNB have tanked below key levels.
- Macro headwinds impacting equities also led to a decline in crypto prices today.
As global markets heave amid selloff pressure, major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are trading near pivotal support levels.
A similar outlook prevails across the rest of the crypto market, with a few coins experiencing double-digit losses over the past 24 hours.
Why is the crypto market down today?
The cryptocurrency market’s downturn on October 17 stems primarily from escalating US-China trade frictions.
In the past few days, events around the two trading partners have injected significant uncertainty into global risk assets.
President Donald Trump’s renewed threats of 100% tariffs on Chinese technology exports reverberated through financial corridors.
It prompted a broad sell-off that began on October 10 and persists today.
This policy escalation, aimed at curbing China’s dominance in rare earth minerals and semiconductors, has amplified fears of retaliatory measures, inflationary pressures, and supply chain disruption.
Together, these factors have disproportionately impacted high-volatility sectors like crypto.
Adding to the macro headwinds, on top of the market witnessing over $19 billion in liquidations across leveraged positions last Friday, is the continued profit taking.
Low liquidity during Asian trading hours today has exacerbated the rot.
Institutional sentiment souring as US spot Bitcoin and Ethereum ETFs record significant net outflows adds to the weakness.
Analysts note that while the Federal Reserve’s anticipated rate cut at the October 28-29 FOMC meeting could provide a counterbalance, short-term volatility remains elevated due to the absence of positive catalysts.
Crypto ETF hype around major altcoins has also cooled.
Overall, the total crypto market capitalisation has contracted by 4.6% to $3.58 trillion.
Nearly all of the top 100 coins are in the red as risk-off sentiment spills over from equities.
Meanwhile, Coinglass data shows that over $1.01 billion has been wiped off the market in terms of 24-hour liquidations.
Bitcoin struggles below $106k
Bitcoin, the bellwether of the crypto ecosystem, has mounted a fierce but futile defence against gravity.
After a brief rebound to above $115k, BTC has dropped to under $106,000.
Bears reached lows of $105,918 in early trades on Friday, and despite bulls’ efforts, the benchmark digital asset is trading at $105,906 at the time of writing.
Bitcoin is thus firmly below the psychological mark of $110,000.
The US-China rhetoric and other factors risk pushing BTC lower. Immediate support is likely in the $103,000-$100,000 zone.
Ethereum, XRP, and SOL dip below key levels
As Bitcoin struggles below $110k, Ethereum has fared no better.
The top altcoin has plummeted 3.5% to $3,780 in the past 24 hours.
That means the Ethereum price is well below the $4,000 support level.
This dip has cascaded across the broader altcoin market.
Weakness in ETH also reflects in Solana, XRP and BNB among other altcoins.
XRP’s price hovers below the critical $3.00 mark as sellers push bulls to lows of $2.24.
Meanwhile, Solana has cratered to below $200 to trade around $178 as bears target further strengthening.
As the market grapples with the downturn, BNB has retreated to near $1,000, and Dogecoin has slipped 9% to $0.17.
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