| Mobile Web

Search results for descending triangle

Crypto

XRP $1 level at risk as altcoin market enters \'panic zone\'

XRP has slid to just above $1, heightening market tension over whether key support will break, while other major altcoins show continued downtrends alongside early rebound attempts. XRP trades near $1.12 after breaking a months-long descending triangle and key horizontal support, with indicators pointing to further weakness. Ethereum remains in a downtrend but has stabilised near $1,600 after a sharp fall. Cardano dropped to $0.16 after breaking support, with extreme oversold readings and resistance levels limiting upside.

Crypto

XRP Ledger active accounts plunge 60 percent; market sees normalisation signal

Active accounts on the XRP Ledger (XRPL) fell sharply in a single day, dropping from about 20,000 to around 7,800, a decline of about 61 percent. While the fall could be seen as user flight or slowing adoption, the market is viewing it as a normalisation after overheated activity. Price action has already been weak, slipping below $1.3, while volume rose during the breakdown, suggesting broad position unwinding.

Crypto

Shiba Inu retests key support, possible end to long downtrend

Shiba Inu is retesting a key support area on the weekly chart, prompting analysis that a multi-year correction may be nearing its end. The token has fallen about 10 percent over the past week to around $0.00000550, but sellers have not pushed it decisively below demand. Analysts cited repeated defense of long-term support, while the upper downtrend line remains a major barrier. Spot volume fell 20 percent in 24 hours, while open interest rose 2.3 percent.