XRP Becomes Most Stable Asset on Crypto Market, Unexpected Hit: Bitcoin Loses $65,000: Reversal Still Possible, Ethereum Meets First Strong SupportDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
XRP Becomes Most Stable Asset on Crypto Market, Unexpected Hit: Bitcoin Loses $65,000: Reversal Still Possible, Ethereum Meets First Strong SupportBut there may be a drawback to this stability as well. Assets with minimal movement may occasionally go unnoticed by traders chasing rapid profits on a highly volatile market. Should XRP persist in trading in a small range, it may lose out on the speculative interest that frequently propels notable price increases on other cryptocurrencies.
The present technical arrangement suggests that a rebound may be possible. Essential support has been provided by the 100-day moving average at approximately $64,000. The way the price of Bitcoin moves at this point will be crucial to predicting its short-termThe liquidity distribution should be taken into account as well. The given chart shows notable liquidity above the $70,000 mark.
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