A company that is changing the way the world mines bitcoin

ZyCrypto 2025-03-02 19:10:28

Ripple’s XRP Bulls Show Dominant Presence as Bears Get Rejected at Major 2017-2018 Support Level

XRP price action has got the crypto community talking after the third-largest cryptocurrency hit a historic support level. Renowned market analyst Javon Marks called out this development on X, formerly Twitter, and stated , “This Candlestick and Volume combo on XRP should tell it ‘all’. Sellers (Bears) were rejected at a level not seen since perhaps 2017-2018. The bulls showed a dominant presence, so despite the recent price action, they can be coming to dominate.” Source: Javon Marks Interestingly, after XRP hit the $1.9 to $2.0 area, the altcoin experienced a major reversal to the upside, given that bulls came out guns blazing. Therefore, Marks believes this occurred after XRP hit a major and historic 2017-2018 support level. Even though XRP has been trying to break out of the significant resistance level of $2.5 in vain, time will tell whether bulls will carry the day and breach this level. According to CoinGecko data, XRP was down 17.9% in the past week to hit $2.21 . Are Whales Contributing to XRP’s Price Instability? XRP has been experiencing intensified selling pressure, contributing to its price trading below the psychological threshold of $2.7. Whales seem to be the engine behind this trend since they sold more than 370 million XRP in a span of just 96 hours, according to renowned market analyst Ali Martinez. Source: Ali Martinez Despite this bearish momentum, John Reed Stark alluded to the light at the end of the tunnel. The former United States Securities and Exchange Commission (SEC) official recently opined that the agency was on track to dropping its appeal in the Ripple lawsuit. Stark categorically said , “Dropping of the SEC’s Ripple appeal next up for sure.” If this is approved, XRP will be laughing all the way to the bank, based on the bullish momentum expected.

Meist gelesene Nachrichten

Coinbase Files FOIA To Reveal Cost Of SEC’s C...
2025-03-03
Best Presale Coins for 2025 – Why Experts For...
2025-03-03
Australia Won’t Follow Trump’s Push for Strat...
2025-03-03
SNX price prediction 2025-2031: Is SNX a good...
2025-03-03
Crypto market wipes out $120 million in an ho...
2025-03-03
Ronaldinho’s STAR10 Coin Sees 150% Surge Amid...
2025-03-03
SEC Drops Lawsuit Against Kraken, Signaling S...
2025-03-03
China rumored to actively work on strategic B...
2025-03-03

Ähnliche Neuigkeiten

Will Shiba Inu Make Millionaires by 2030, or Is Oz...
03 Mar 2025
Ethereum Foundation Supports ZKNox’s Efforts to En...
03 Mar 2025
Head of Swiss Central Bank Opposes Holding Bitcoin...
03 Mar 2025
White House Crypto Czar David Sacks says he’s sold...
03 Mar 2025
Trump Coin Sees $4 Billion Volume Flood In – Is a...
03 Mar 2025
Ripple’s New Challenger: Can This Altcoin Surpass...
03 Mar 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen