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Crypto

XRP wavers around $1 as analyst says it will outperform bitcoin and ethereum

XRP is nearing a major turning point versus bitcoin and ethereum, a market analyst said. Dark Defender said the XRP-to-ether ratio could be finishing an Elliott Wave 4 correction and entering a Wave 5 rise, potentially letting XRP lead the market after ether rises further in the near term. Another analyst, ChartNerd, said nothing is absolute and warned XRP could stay weak into year-end. XRP traded at $1, while ether was about $1,910.

Finance

Korean retail investors pay 10 percent premium for SK Hynix ADR

Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.

Crypto

XRP falls below $1 for first time since November 2024, raising warning of further declines

XRP posted a weekly close below $1 for the first time since a rally in November 2024, ending the weekend at $0.9925 after repeated attempts to defend the level. Selling pressure intensified on Aug. 14, pushing it to a year low of $0.9874 and a daily close below $1. It is back at $1 but remains weak. The daily RSI fell to 36.65, keeping focus on support at $0.9874.