XRP trades with modest losses below key $0.60 level
XRP price dropped closer to its psychologically important support level at $0.60 on Tuesday amidst a steep correction in the crypto ecosystem. Most of the top 30 cryptocurrencies by market capitalization have noted a decline in their prices on Tuesday.
ImmutableX price falls sharply as holders sell IMX ahead of $101 million token unlock
ImmutableX (IMX) price is declining sharply despite the rising relevance of gaming and meme coin tokens among traders. The decrease can be attributed to traders positioning ahead of the upcoming token unlock on Friday, which is likely to increase the selling pressure on the gaming token and result in a steeper correction.
Crypto market deepens correction
The crypto market lost 6% in 24 hours to $2.42 trillion. Solana reversed Tuesday's decline, losing 9% in 24 hours - the last of the major altcoins to fall into a correction.
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Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.
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