Crypto Market Review: Despite the most recent comeback, $SHIB, $XRP and even $SOL are reversing amid the rise of fear on the market
, Solana and XRP, are struggling to maintain the current growth rate and have been reversing from local tops. But the tendency might be temporary as markets slide into the weekend.The enormous buying power that existed on the market at the beginning of the reversal rally is gone now, and the majority of Shiba Inu whales are no longer interested in supporting the rally.
Since the beginning of a market-wide reversal, XRP gained around 17% to its value, which is not the best performance on the market, not even in the top 10. However, investors have already stopped pumping the asset with funds, which could be the main reason behind the 3% reversal of XRP from the local high.
At press time, XRP is trading at $0.4 and consolidating around the 200-day moving average. It has not been able to break it yet. If the RSI's signal is correct, we will most likely see an acceleration of the reversal in the upcoming days.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana (SOL) Reaches Important Level as Network Hits New Milestone: Crypto Market Review, Jan. 25$SOL $SHIB and $ADA show completely different dynamics, but their movement shows that there is a possibility of a market-wide reversal
Read more »
Shiba Inu (SHIB) Sort of Remains Jeremy Davinci's Favorite Asset, Per TweetFamous crypto YouTuber confirms he still supports Shiba Inu meme cryptocurrency, albeit perhaps ironically
Read more »
Crypto Council for Innovation Exec: US 'Lagging Behind' in Crypto RegulationAs the European Union's sweeping Market in Crypto-Assets legislation, also known as MiCA, is moving towards becoming law, Linda Jeng, Chief Global Regulatory Officer at the advocacy group Crypto Council for Innovation, discusses the global state of crypto policy. 'If [the U.S.] wants to be the leading digital economy of the world, then we need rules of the road,' Jeng said. 'Not just for crypto, but also for our private data.'[reward]da726db5-7ae5-45a2-a725-3b2089a17ddb[/reward]
Read more »
CFTC Commissioner Kristin Johnson Urges Congress to Expand Agency’s Authority to Review Crypto AcquisitionsIn a recent speech at Duke University, CFTCjohnson called on Congress to expand the CFTC’s authority to look into the financial health and corporate governance of any firm that wishes to buy or invest in a CFTC-regulated company. cheyenneligon reports
Read more »
Bitcoin, ether slip after crypto market cap regains $1 trillion levelBitcoin, ether slip as crypto rally falters after regaining $1 trillion market cap
Read more »
US Needs ‘Rules of the Road’ for Crypto or Risk Falling Behind in Market Leadership.crypto_council Chief Regulatory Officer LindaJeng1 says the U.S. needs “rules of the road” for crypto or it risks falling behind in innovation and market leadership. _franvela reports
Read more »