XRP Price Prediction for March 27.
XRP/USD.
The rate of XRP has declined by 4.61% over the last 24 hours.
On the hourly chart, the price of XRP is trading near the local support level of $0.6158. If the price does not bounce back by the end of the day, the breakout may lead to a more profound decline to the $0.60 zone.
On the daily time frame, the situation is
also rather more bearish than bullish. Here, one should pay attention to the nearest zone of $0.60. If the candle closes below it, it might be a prerequisite for a further correction to $0.55.
From the midterm point of view, the picture is neutral as none of the sides has seized the initiative. Such a statement is also confirmed by falling volume.
In this case, there are low chances of seeing any sharp moves soon. All in all, sideways trading in the area of $0.56-$0.66 is the more likely scenario for the next few days.
XRP is trading at $0.6151 at press time.
XRP Price Prediction for March 27.
XRP/USD.
The rate of XRP has declined by 4.61% over the last 24 hours.
On the hourly chart, the price of XRP is trading near the local support level of $0.6158. If the price does not bounce back by the end of the day, the breakout may lead to a more profound decline to the $0.60 zone.
On the daily time frame, the situation is
also rather more bearish than bullish. Here, one should pay attention to the nearest zone of $0.60. If the candle closes below it, it might be a prerequisite for a further correction to $0.55.
From the midterm point of view, the picture is neutral as none of the sides has seized the initiative. Such a statement is also confirmed by falling volume.
In this case, there are low chances of seeing any sharp moves soon. All in all, sideways trading in the area of $0.56-$0.66 is the more likely scenario for the next few days.
XRP is trading at $0.6151 at press time.
XRP Price Prediction for March 27.
XRP/USD.
The rate of XRP has declined by 4.61% over the last 24 hours.
On the hourly chart, the price of XRP is trading near the local support level of $0.6158. If the price does not bounce back by the end of the day, the breakout may lead to a more profound decline to the $0.60 zone.
On the daily time frame, the situation is
also rather more bearish than bullish. Here, one should pay attention to the nearest zone of $0.60. If the candle closes below it, it might be a prerequisite for a further correction to $0.55.
From the midterm point of view, the picture is neutral as none of the sides has seized the initiative. Such a statement is also confirmed by falling volume.
In this case, there are low chances of seeing any sharp moves soon. All in all, sideways trading in the area of $0.56-$0.66 is the more likely scenario for the next few days.
XRP is trading at $0.6151 at press time.
Pepe (PEPE)
Pepe (PEPE) has seen over 500% gains in the last 30 days, from $0.000000115 on February 22.
Now, PEPE loses momentum, back to a 55 Relative Strength Index (RSI), similar to one month ago. A bearish divergence appears to be surging in the daily chart, as the price remains high despite the strength loss.
Currently, PEPE has a market cap above $3 billion and no solid use cases besides price speculation and being a meme. There is price support at $0.000005927 but no other meaningful support between that and $0.000000115, for a 98% drop.
Pepe (PEPE)
Pepe (PEPE) has seen over 500% gains in the last 30 days, from $0.000000115 on February 22.
Now, PEPE loses momentum, back to a 55 Relative Strength Index (RSI), similar to one month ago. A bearish divergence appears to be surging in the daily chart, as the price remains high despite the strength loss.
Currently, PEPE has a market cap above $3 billion and no solid use cases besides price speculation and being a meme. There is price support at $0.000005927 but no other meaningful support between that and $0.000000115, for a 98% drop.
Pepe (PEPE)
Pepe (PEPE) has seen over 500% gains in the last 30 days, from $0.000000115 on February 22.
Now, PEPE loses momentum, back to a 55 Relative Strength Index (RSI), similar to one month ago. A bearish divergence appears to be surging in the daily chart, as the price remains high despite the strength loss.
Currently, PEPE has a market cap above $3 billion and no solid use cases besides price speculation and being a meme. There is price support at $0.000005927 but no other meaningful support between that and $0.000000115, for a 98% drop.
The AMM now positions XRP Ledger as a positive destination for decentralized exchanges (DEX) and other decentralized finance (DeFi) related innovations. Despite being ranked one of the most versatile Layer-1 blockchain networks, the lack of key features like the AMM has kept it behind its key peers.
Ripple CTO David Schwartz also acknowledged the AMM feature rollout, an innovation developed for approximately two years. While he looks forward to the impact on traders and innovators, the veteran warned users to be careful when trading using the AMM.
Start of many milestones to come.
The ultimate ambition of XRP Ledger is not to launch just this AMM but to evolve into a vibrant ecosystem to compete with other major chains like Ethereum (ETH), Solana (SOL) and BNB Chain (BNB), respectively.
Before the launch of the AMM on the mainnet, some key solutions like the Clawback amendment had also been launched. This feature enables fund recovery in cases where fraud or other events necessitate the recovery of funds from wallets.
This feature serves as an insurance card for innovators, especially those who may now be making use of the new AMM update to create trading engines.
#Write2Earn
Ethereum (ETH) Hits 400,000 Daily Active Users, Arbitrum, Optimism Follow.
Ethereum (ETH), the second-largest cryptocurrency and the world's leading smart contract platform, has achieved a significant milestone, surpassing 400,000 daily active users. This surge in user activity comes as decentralized finance (DeFi) applications, non-fungible tokens (NFTs) and other decentralized applications (dApps) continue to gain traction within the Ethereum ecosystem.
Over the past few years, various solutions have emerged to help the Ethereum network process more transactions in aggregate. Roll-ups are blockchains that execute transactions externally to the Ethereum blockchain, utilizing a separate execution environment. They aggregate batches of transactions occurring on the rollup and anchor them into a single transaction, which is then submitted to, and verified by, the Ethereum blockchain.
Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators' seeming lack of engagement with potential issuers over the products.
“We now believe these will ultimately be denied on May 23rd for this round,” Bloomberg Intelligence ETF analyst James Seyffart wrote in a post on X on Tuesday. Seyffart and his colleague Eric Balchunas had previously given 35% odds for approval in May.
The Securities and Exchange Commission postponed a decision on a spot ether exchange-traded fund previously, but it will have to make one by May 23, as that is the final deadline for one of the applicants.
Currently, seven issuers are hoping to launch an ether fund: BlackRock, Fidelity, Invesco with Galaxy, Grayscale, VanEck, 21Shares with Ark, and Hashdex.
Seyffart noted that the SEC hasn't gone back and forth with issuers over the spot ether ETF, a contrast to the extensive discussions that took place before spot bitcoin ETFs were approved in January.
Solana’s resurgence comes after a tumultuous period in 2021-2022, marked by a significant drop in value. The implosion of the crypto exchange FTX, attributed to alleged fraudulent activities by Sam Bankman-Fried, its then CEO, exacerbated Solana’s decline. Bankman-Fried’s involvement in market manipulation and fraud allegations had cast a shadow over Solana-based projects, often called “Samcoins.”
However, with Bankman-Fried behind bars and efforts to refund affected FTX customers underway, Solana has been on a path to recovery as the network community distanced itself from the controversies surrounding Bankman-Fried and FTX, focusing on its technological advancements and community-driven initiatives.
Notably, on Friday, federal prosecutors urged a New York judge to impose a 40- to 50-year sentence for Sam Bankman-Fried, citing cryptocurrency-related offences they characterized as unprecedented deception. Scheduled for sentencing on March 28 in Manhattan federal court, the 32-year-old Bankman-Fried faces convictions from November on fraud and conspiracy charges.
At press time, SOL was trading at $185, reflecting an 11.60% price surge over the past 48 hours, according to CoinMarketCap data. According to a tweet by popular crypto analyst Rekt Capital, the price is likely to push to $200, having broken and stayed above the $172 minor resistance.
This weekend doesn’t resemble the previous few, which were a lot less volatile, as the primary cryptocurrency has dumped hard to a ten-day low of under $65,000.
The alternative coins are also well in the red, and the total crypto market cap has lost over $100 billion daily and more than $300 billion in the past few days.
BTC Dumps Hard
Monday began on a high note as BTC soared from $67,000 after retracing on Sunday evening to over $70,000 to register a new all-time high. The asset kept climbing in the following days and peaked at $73,800, which is the current ATH as of now.
It was reached on Thursday but was followed by a massive rejection. The bears finally took control of the market and pushed Bitcoin south to under $66,000 on Friday. BTC recovered some ground on Saturday and even challenged $70,000.