Schlagwort: crypto business

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XRP price holds firm amid 30% volume spike

  • XRP price dropped below $2.00 this week.
  • Bulls are holding firm near $1.85 amid 30% volume spike.
  • Ripple has extended its funds inflows,

XRP price is showing bullish resilience as it holds above $1.85 amid a significant volume increase.

As broader digital asset markets navigate post-Christmas sessions, the Ripple-associated token demonstrates underlying strength, supported by institutional interest and improving market dynamics.

Ripple sees market action as XRP holds $1.85

Over the Christmas period, XRP exhibited relatively subdued price movement, consolidating around the $1.85 level.

Bulls successfully defended key support below $1.90, preventing deeper corrections despite reduced participation typical of holiday trading.

This steadfast defence has positioned the asset for a potential rebound, particularly if momentum builds in the upcoming post-holiday sessions.

Despite the muted price movement, spot trading volume registered a notable 30% increase in the past 24 hours.

Per CoinMarketCap, Ripple’s cryptocurrency attracted over $2 billion in daily volume on Friday, the metric up 30% within the 25 hours.

This signals renewed interest from market participants, even as the dip below $2.00 looks to offer a buy opportunity

This uptick in activity coincides with positive developments in the wider cryptocurrency space.

While XRP has shown modest gains as bulls eye $2.00, Bitcoin reclaimed the $88,000 threshold. The flagship cryptocurrency’s recovery above this level has provided a supportive backdrop, lifting sentiment across altcoins, including XRP.

Analysts note that the holiday lull often results in compressed volatility. However, the latest volume spike suggests accumulating buying pressure.

Should trading liquidity return robustly in the new year, technical indicators point to an upside breakout.  The $1.90 area serves as the immediate hurdle.

XRP ETFs hit $1.25 billion net assets milestone

Institutional adoption of XRP continues to accelerate, as spot exchange-traded funds (ETFs) dedicated to the token have surpassed a significant benchmark. Total net assets under management across these products have now exceeded $1.25 billion, marking a rapid accumulation phase since their launch.

Consistent inflows have driven this growth, with recent sessions adding over $11 million in fresh capital. This milestone underscores strong demand from professional investors seeking regulated exposure to XRP, even as spot prices remain range-bound.

The steady inflow pattern contrasts with occasional outflows seen in more established Bitcoin and Ethereum ETFs, highlighting XRP’s appeal in diversified crypto portfolios.

Market observers attribute the robust ETF performance to growing confidence in Ripple’s ecosystem, including advancements in cross-border payments and regulatory clarity.

As these funds continue to attract capital, they provide a stabilising force for XRP’s price, potentially setting the stage for broader appreciation in 2026.

Overall, XRP’s current firmness amid heightened volume reflects a maturing asset class resilient to seasonal slowdowns.

With institutional inflows reaching new highs and technical setups favouring bulls, the token appears well-positioned for potential gains as market activity normalises.

The post XRP price holds firm amid 30% volume spike appeared first on CoinJournal.

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Is Worldcoin heading towards $0.58? Check forecast

Key takeaways

  • WLD is approaching $0.50 after adding 3.7% to its value in the last 24 hours.
  • The rally comes as a wallet linked to Multicoin Capital spent 30 million USDC on Thursday to buy 60 million WLD tokens.

Multicoin Capital link wallet purchases 60 million WLD tokens

WLD, the native coin of the Worldcoin ecosystem, is one of the best performers among the top 100 cryptocurrencies by market cap.  The coin is up nearly 4% in the last 24 hours and is now trading close to $0.50. 

The rally comes after Lookonchain data on Thursday revealed that a wallet linked to Multicoin Capital, a thesis-driven investment firm, has spent 30 million USDC stablecoin to buy 60 million Worldcoin tokens at an average price of $0.50 through an over-the-counter (OTC).

This acquisition highlights strong institutional demand for the cryptocurrency. 

Furthermore, Santiment data shows that the WLD’s trading volume reached $1.46 billion on Wednesday, the highest yearly level and trading volume not seen since July 2024.

The growing volume indicates a surge in traders’ interest and liquidity in Worldcoin, boosting its bullish outlook. Furthermore, Santiment’s Supply Distribution data reveal that certain whales are buying WLD at recent price dips.

Whales holding between 10 million and 100 million WLD tokens and 1 million and 10 million WLD tokens have accumulated a total of 150.59 million WLD tokens from Sunday to Thursday.

WLD eyes the $0.58 resistance level amid bullish sentiment

The WLD/USDT 4-hour chart is bearish and inefficient despite WLD adding 4% to its value in the last 24 hours. At press time, the coin is trading around $0.498 and could rally higher in the near term. 

WLD/USDT 4H Chart

If the bullish momentum continues, WLD could extend the rally toward the daily resistance at $0.56. A successful close above this level could see WLD target the 50-day Exponential Moving Average (EMA) at $0.63.

The Relative Strength Index (RSI) on the 4-hour chart is at 49, pointing upward toward its neutral level of 50, indicating a growing bullish momentum. However, for the bullish momentum to be sustained, the RSI must move above the neutral level.

On the flip side, if the bulls fail to build on this momentum, WLD could face a correction and dip towards the recent low of $0.47.

The post Is Worldcoin heading towards $0.58? Check forecast appeared first on CoinJournal.

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AVAX tops $12 as Grayscale files updated form for ETF

Key takeaways

  • Avalanche’s AVAX is trading above $12 after adding 2% to its value.
  • The rally comes after Grayscale filed an updated form for its Avalanche ETF.

AVAX surges past $12 as Grayscale updates AVAX ETF filing

The cryptocurrency market has been bullish over the last 24 hours, with Bitcoin and other major coins and tokens currently in the green. AVAX, the native coin of the Avalanche, is one of the best performers among the top 30, up by more than 2% in the last 24 hours.

The bullish performance saw AVAX top the $12 mark and could rally higher in the near term. The rally can be attributed to Grayscale updating the sponsor details to Grayscale Investments Sponsors LLC in the S-1 form filed for the Avalanche Trust conversion into an ETF. 

The crypto asset manager has yet to reveal any management or staking fees or waivers. A listing of this ETF on Nasdaq could boost institutional support for AVAX.

Furthermore, AVAX saw a surge in fresh capital inflows as futures Open Interest (OI) jumped 1.66% in the last 24 hours, reaching $499.87 million. This indicates that traders are building new positions, including long and short. 

Despite that, the negative funding rate of -0.0113% indicates that traders are willing to hold short positions by paying a premium. 

AVAX eyes $13.50 resistance level

The AVAX/USD 4-hour chart is bearish and efficient despite the coin adding 2% to its value in the last 24 hours. The rally comes amid growing retail demand after AVAX recovered from the dip that saw it retest the $11.18 support level. 

AVAX/USD 4H Chart

The technical indicators have improved, suggesting a growing bullish bias. The RSI of 52 is above the neutral 50, indicating that the bulls have regained control of the market. The MACD lines have also crossed into the bullish territory, indicating a bullish bias.

If the rally continues and the daily candle closes above the $12.78 resistance, AVAX could rally towards the $13.5 level. 

However, AVAX could retest the $11.18 support level if the bulls fail to take advantage of the growing momentum.

The post AVAX tops $12 as Grayscale files updated form for ETF appeared first on CoinJournal.

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Bitcoin reclaims $87k, eyes $90k resistance level: Check forecast

Key takeaways

  • BTC is up by less than 1% and is now trading above $87k.
  • It could surge towards $90k as bullish momentum builds.

Bitcoin tops $87k despite poor institutional demand

BTC, the leading cryptocurrency by market cap, is trading above the $87k level after adding less than 1% to its value in the last 24 hours. The positive performance comes after Bitcoin dipped to the $86k support level a few hours ago.

The rally also comes despite declining institutional demand in the market. Data obtained from SoSoValue shows that spot Bitcoin ETFs recorded an outflow of $188.64 million on Tuesday,  marking the fourth consecutive day of withdrawals since December 18.

With the holidays, Bitcoin has reclaimed the $87k and could rally towards $90k in the near term. However, if the outflows continue and intensify after the holidays, Bitcoin’s price could see further correction. 

BTC eyes $90k as technical indicators improve

The BTC/USD 4-hour chart is bullish and efficient despite the choppy price action in recent days. The technical indicators have improved, suggesting that the bulls are slowly regaining control of the market.

The Relative Strength Index (RSI) on the 4-hour chart stands at 49, close to the neutral 50, suggesting that the bulls are regaining control of the market. The MACD lines are also converging, indicating a building bullish bias.

BTC/USD 4H Chart

If the recovery continues, Bitcoin could rally towards the next major resistance level at $90,533. This resistance has proven to be hard for Bitcoin to overcome in recent weeks, and we could expect another reaction from this level. 

If this level is surpassed, Bitcoin could rally towards the $94k resistance for the first time since December 10.

However, if the bears regain control of the market, Bitcoin could likely retest the December 18 low of $84,633 in the near term.

The post Bitcoin reclaims $87k, eyes $90k resistance level: Check forecast appeared first on CoinJournal.

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Stellar price forecast: XLM stays below $0.22 as bearish momentum remains

Key takeaways

  • XLM is down by less than 1% and is trading below $0.22.
  • The coin could retest the $0.20 support level if the bearish trend continues. 

The cryptocurrency market is having a bullish Christmas as Bitcoin and other major cryptocurrencies are in the green. Bitcoin is trading above $87k after dipping below $86k a few hours ago. 

However, some major altcoins, including Stellar’s XLM, are still in the red despite the current market conditions. XLM is trading below $0.22 at press time after failing to close above the key resistance earlier this week.

Bearish momentum continues to grow stronger, with Open Interest (OI) and short bets rising. If the bearish momentum continues, XLM could face further selling pressure in the near term. 

XLM derivatives data suggest bearish sentiment

The primary catalyst behind XLM’s bearish performance is the derivatives and on-chain data. According to CoinGlass, XLM’s futures Open Interest (OI) increased to $112 million in the last 24 hours, up from the $30 million recorded the previous day. 

However, the increasing OI hasn’t reflected in the coin’s performance as it continues to trade below a significant support level. 

Furthermore, Coinglass’s long-to-short ratio for XLM reads 0.91, the highest level in nearly a month. This suggests that despite the surging OI, the bearish sentiment in the market remains, with traders betting on the XLM price rising. 

XLM could dip below $0.20

The XLM/USD 4-hour chart is bearish and efficient as the coin has underperformed in recent days. At press time, XLM is trading at $0.21 and could record further losses in the near term. 

XLM/USD 4H Chart

If the bearish trend continues, XLM could retest the December 18 low of $0.20. A close below this psychological level could extend the drop toward the yearly low of $0.16, set on October 10.

The RSI on the 4-hour chart reads 43, below the neutral 50 level, indicating bearish momentum is gaining traction. The Moving Average Convergence Divergence (MACD) lines are also converging, indicating indecision among traders.

On the flip side, if XLM recovers, it could rally towards the key resistance level at $0.22 over the next few hours.

The post Stellar price forecast: XLM stays below $0.22 as bearish momentum remains appeared first on CoinJournal.