Disclaimer: The text below is a press release and is not tronçon of Cryptonews.com’s editorial grâce.
Ripple (XRP) and Ethereum (ETH) incurred significant losses last week and opened the new trading week in the red. Ripple (XRP) is down 8.33% on Tuesday ahead of the FOMC réunion, followed by Ethereum (ETH) with a drop of nearly 4%. In the same symposium, other initial cryptocurrencies Bitcoin (BTC) and Cardano (ADA) also showed weakness.
XRP price has since rebounded to $0.42 at the time of writing, but analysts are avertissement investors to stay away from the leading cryptocurrency at this situation. The market weakness is expected to continue in the large term, and the biggest beneficiaries of this setback are Bitcoin (BTC) and the leading altcoins.
Investors put their remaining assets in the pocket and put them in it Hideout (HDWY). The token is expected to become one of the best performing cryptocurrencies this year.
Ripple (XRP) inflows triple, but its price is still weak
Recent on-chain analysis shows Ripple investment flows increasing despite weakness in the broader crypto market.
It is believed that $300,000 of funds were placed in XRP last week, a threefold increase from last week’s $100,000 inflow.
This means that interest in Ripple (XRP) remains strong especially now that its direction has filed an appeal to dismiss the SEC’s claim as a regular security asset.
However, XRP price does not seem happy embout the update. The localité is still trading below the May price range and is 80% below its all-time high, which indicates that XRP trading remains a high risk.
XRP price is expected to drop to a new low at $0.31. If selling pressure continues at this level, XRP could revisit $0.28 – a level not seen since June.
All the hype gamin after the Ethereum (ETH) merger
Ethereum (ETH) is another token that has been leading the losers in the market lately. With the Ethereum Merge prediction now gamin, it’s time for a révision in time.
After the FOMC réunion, ETH collapsed to $1,220. The token lost more than 20% of its value last week and 14% in 30 days.
After dropping from the critical béquille level at $1,400, analysts’ expectations for the localité have turned poor. Experts expect prices to drop to the $1,000.00 area as selling pressures persist despite a slight colline bounce today.
Ethereum’s RSI has fallen to 35.0 from this month’s peak of 60.0. It is approaching the oversold risk zizanie, which, if hit, could atterrissage a greater risk to the currency.
Forget Ripple (XRP) and Ethereum (ETH) Invest in Hideaways (HDWY)
The continued weakness of Ripple (XRP), Ethereum (ETH), and Terra (LUNA) means one thing: it’s time to explore new currencies with huge potential – and our analysts anticipate up to 10,000% potential here.
real estate crypto project Hideout (HDWY) It changes the traditional real estate game by:
The ability to own tronçon of the property and avoid the deposit and legal and financial fees.
Get two pluies of passive income by raising richesse and monthly rental income.
Invest from anywhere in the world, regardless of nationality, you can buy a morceau of a property in any folk where The Hideaways invest.
For $100, investors can take advantage of non-fungible tokens backed by real assets.
archétype vocabulaire HDWY It’s selling for $0.02 – a 100% increase since the first observation. However, we wouldn’t be surprised if it’s 10x before the end of the pre-sale period due to the amount of béquille it has had recently.
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