Casa Paura e avidità Piscine minerarie Portafogli Dizionario pubblicizzare Facebook Twitter Telegram Reddit Youtube
Mercato:
24h Vol:
Cryptocurrencies: 13047
Mercata: 101147
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Mercato
24h Vol
13047
Cryptocurrencies
60.22%
Bitcoin Condividere
CoinGape 2025-03-01 08:07:42

Can Positive Skew, Whale Activity Push XRP Price to $3 as Bitcoin Selloff Pauses Over the Weekend?

Can Positive Skew, Whale Activity Push XRP Price to $3 as Bitcoin Selloff Pauses Over the Weekend?

Most altcoins, including Ripple (XRP), look strong and have not followed Bitcoin (BTC) in its recent crash. XRP price action also looks good on the daily chart, hinting at a reversal amid rising whale activity and positive skew. Moreover, many analysts expect Bitcoin to pause its crash over the weekend and potentially recover, adding credence to a Ripple (XRP) price rally that could hit $3 over the weekend. XRP Price Recovers as Bitcoin Selloff Pauses The selloff that weighed on Bitcoin’s price this week has cooled. BTC is back above $85,000, and most altcoins are trading in the green today. The global crypto market cap has also surged by more than 7% within 24 hours, hitting $2.93 trillion in market capitalization. Crypto Market Cap Crypto markets are historically more volatile on weekends due to lower liquidity. This can cause wild swings in either direction. Therefore, as traders bought the dip, it triggered a recovery for Bitcoin and altcoins . These market-wide gains have boded well for XRP price, which trades at $2.20 today with a 9% gain in 24 hours. Derivatives trading data and whale activity suggest that XRP price may extend this rally and potentially recover past $3. XRP Derivatives Trading Data Shows a Positive Skew The XRP order book shows that Ripple has flashed a bullish signal as traders place more bids (buy orders) than asks (sell orders). Moreover, there is a significant bid skew that is within 50% of XRP’s current price, suggesting traders are willing to buy at higher prices. This imbalance shows that demand for XRP is currently high, making it more likely for the price to rise rather than fall. According to analyst DOM on X, this bid skew has only happened 4 times over the past year. Each time it has happened, the XRP price registered a strong rally. XRP Bid Skew If Ripple price were to repeat this historical pattern and the bid skew proves to be another bullish signal, it could stir a rally towards $3 over the weekend. Ripple Whale Activity Flashes a Buy Signal Whale activity is crucial in determining accumulation and distribution phases and after the recent drop in XRP price, the altcoin may have entered another accumulation phase. Looking at past trends, a sharp drop in XRP price has often signaled a buying opportunity for whales. At the same time, a price rally has led to XRP whales selling . If this pattern repeats itself, these large addresses may start buying the bottom, which is likely to drive the price up. XRP Whale Activity However, if Ripple price continues to show weakness, whales may remain hesitant until the altcoin establishes a local bottom where these large addresses will start buying. Can XRP Price Reach $3? XRP can continue to rally and reach $3 if Bitcoin continues to recover and averts another selloff. Additionally, other catalysts like an end to the SEC vs. Ripple case could stir a 300% gain for XRP price in March . Analyst CRYPTOWZRD notes that XRP price has established support at $2. After bouncing from this level, traders can expect more upside past $2.80 to the next major target of $3.65. XRP/USDT: 1-day chart However, Ripple price is likely to continue tracking Bitcoin in the near term. Therefore, until Bitcoin establishes a strong support level within the $80K – $90K zone, XRP may continue experiencing wild swings. The post Can Positive Skew, Whale Activity Push XRP Price to $3 as Bitcoin Selloff Pauses Over the Weekend? appeared first on CoinGape .

La maggior parte ha letto le notizie



Cryptohopper
Mercato
24h Vol
60.22%
Bitcoin Condividere
285
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta