This is what you need to know before trading XRP price
Ripple price trades in territory unseen since January of 2021. On Wednesday, the bulls are treading on thin ice as they have established a primitive level of support in the $0.31 zone. Currently, the bullish retaliation is not enough to justify a countertrend scalp. Analyzing the decline from last week's trade setup, the bears have printed an anticipated impulse wave down. However, the technicals suggest the downfall may not be over as the retracements within each decline do not bestow enough bullish signals to label the downtrend over.
What is happening to influencers that promoted projects like Shiba Inu
Influencers that target financial investors, popularly known as “finfleuncers”, now risk five years of jail time if they break laws on financial advice in Australia. The Australian Securities and Investments Commission (ASIC) says that influencers may need a license to give advice on investments. A survey conducted by ASIC revealed that 33% of investors between 18 and 21 years of age follow finfluencers. The survey revealed that the behavior of 64% of young people in Australia is influenced by influencers and their endorsements.
Ethereum price bottom is near, says analyst who predicted the 2018 bear market
The crypto strategist Smart Contracter accurately called the bottom of Bitcoin and Ethereum during the 2018 bear market. The analyst is now back with his prediction for the two largest cryptocurrencies and believes BTC and ETH are close to their cycle low.
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Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery
Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss have turned bullish, supporting a recovery in the altcoin.
Bitcoin price falls amidst German government transfers, miners activity
Bitcoin (BTC) extends correction on Wednesday and hovers around $61,000 after finding resistance near the $64,000 level on Monday. Recent on-chain data indicates heightened selling activity from Bitcoin miners early in the week.
Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds
Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday.
Three reasons why altcoins could shake off losses this week
On-chain data from Santiment shows that altcoins are currently in the opportunity zone, or generating buy signals. The top three altcoins in the buy zone are Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH), per Santiment.
Bitcoin: BTC price correction could end in July, according to seasonal data
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.