English < Article List - DigitalToday

Search results for June 1

Crypto

Ripple reshapes RLUSD liquidity as Ethereum burns rise and XRPL issuance expands

Ripple has burned $539 million worth of its stablecoin RLUSD over the past 30 days, with 74.8 percent of the total occurring on the Ethereum network, a report said. On-chain data showed large-scale burns after May 23, outpacing $410.7 million in issuance by more than $129 million and cutting net supply. Burns were concentrated in early June, while most new issuance took place on the XRP Ledger.

Crypto

XRP rebound capped by $1.27-$1.31 as market eyes $1 support

XRP has lost the $1.27 to $1.31 key support zone, which has turned into resistance, making the defence of the $1 level the next pivot. After failing to extend a rebound, XRP has slid toward the $1.05 support area and trades around $1.13. Technical indicators also point to the importance of $1.05. If $1.05 and $1 give way, $0.83 is cited as the next major support.

Crypto

XRP raises possibility of repeating 2024 rally, with $8 target mentioned

An analysis says XRP is showing a price pattern similar to just before its late-2024 surge. Market analyst Tom said the current chart nearly overlaps the pre-rally pattern seen in 2024. XRP has slid to around $1.13 after breaking below a $1.27 to $1.31 support zone. Tom said a repeat could lift XRP back to $1.4 to $1.6, then above $7 and possibly to $8.1, with a $8.42 target cited.