XRP shows potential for a 25% recovery by year-end, signaling a possible end to its recent downswing. Bitcoin experienced a dip against the euro, briefly falling below €80,000 before buyers stepped in.
What to Know:
- XRP shows potential for a 25% recovery by year-end, signaling a possible end to its recent downswing.
- Bitcoin experienced a dip against the euro, briefly falling below €80,000 before buyers stepped in.
- A dormant Cardano holder suffered a significant loss, highlighting the risks of illiquid routing in crypto transactions.
XRP is showing promising signs of a potential recovery as it touched a critical lower Bollinger Band on the weekly chart. Bitcoin found support after hitting a seven-month low against the euro, while a Cardano investor faced a costly lesson in liquidity. These events set the stage for a week of cautious optimism in the crypto market.
XRP’s recent performance suggests a possible end to its downswing that began in October. The cryptocurrency stabilized near $2.21-$2.26 after hitting the lower band, indicating that sellers may have lost control. If the lower band holds, XRP could see a path toward the midband at $2.81, representing a 25% upside.
Bitcoin’s dip below €80,000 marked a seven-month low against the euro, but buyers quickly reacted, triggering a 1.58% bounce back to €82,300. This rebound demonstrates that liquidity still exists at these levels, and the euro pair continues to be a reliable sentiment gauge for the market. Bitcoin now sits on the edge of a support zone, and traders are closely watching weekly closes to determine the next move.
Cardano witnessed a dramatic event as a dormant wallet liquidated a substantial amount of ADA, resulting in an 88% loss. The investor swapped 14.45 million ADA for USDA, but the illiquidity of the route caused a price dislocation. This highlights the structural limits of low-liquidity segments within even top-tier blockchain ecosystems.
As the market heads into the new week, Bitcoin is absorbing pressure around $95,000, while Ethereum mirrors its movements. XRP, however, carries a clean technical catalyst thanks to its Bollinger Band setup, offering a defined upside window. Investors should remain vigilant and informed, recognizing that liquidity and market structure play crucial roles in navigating the crypto landscape.
Related: XRP Price: $12M Max Pain for Bears
Source: Original article
Quick Summary
XRP shows potential for a 25% recovery by year-end, signaling a possible end to its recent downswing. Bitcoin experienced a dip against the euro, briefly falling below €80,000 before buyers stepped in. A dormant Cardano holder suffered a significant loss, highlighting the risks of illiquid routing in crypto transactions.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
