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Showing posts with the label institutional interest

This technical pattern sets XRP’s price next stop

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XRP has surged nearly 2% in a day, aligning with the  broader market recovery. This rebound follows the completion of a correction phase, with technical indicators suggesting a potential bullish breakout. Despite the short-term gains, XRP remains under pressure. As of press time, the token was trading at $2.17, with a 12% decline over the past week and an almost 10% drop on the monthly time frame. However, technical indicators and institutional interest are fueling optimism for a potential reversal. XRP one-day price chart. Source: Finbold XRP’s path to a breakout According to analyst DarkDefender , XRP has finalized its correction on the four-hour timeframe, hinting at a potential shift in momentum. On the daily chart, the asset is showing signs of recovery, with key indicators pointing toward a possible trend reversal. Picks for you ...

Bitcoin set to make the highest monthly close ever

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Bitcoin (BTC) is on course to realize the ‘Uptober’ phenomenon, with the maiden cryptocurrency set to achieve a monthly close on record.  Indeed, this momentum emerged after Bitcoin began the month by posting a lackluster performance as bulls battled to breach $70,000. At press time, the asset was trading at $71,152, reflecting a monthly gain of about 14%, marking the best monthly close ever.  Picks for you Gold price prediction for 2025 4 mins ago Nexo announces a major rebrand as an all-encompassing digital asset wealth platform 1 hour ago Pudgy Penguins and Mythical Games reveal  Pudgy Party, a new AAA mobile game ...