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Showing posts with the label market volatility

XRP wipes out $16 billion in a week

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XRP has erased $16.47 billion in market value over the past seven days, as its capitalization fell from $185.15 billion on October 3 to $168.68 billion by October 10, according to data retrieved by Finbold from CoinMarketCap .  XRP 7-day market cap. Source: CoinMarketCap The drop reflects a 7% weekly decline that has dragged XRP price to $2.81, even as the broader crypto market has held relatively steady. XRP 7-day price chart. Source: Finbold The losses were concentrated after October 3, when the token briefly surged with a daily volume peak of $7.46 billion, before selling pressure mounted. Over the past 24 hours, trading volume has cooled to $4.92 billion, a 34% drop from last week’s high, as momentum shifted from aggressive speculation to cautious positioning.  XRP’s volume-to-market cap ratio sits at 2.93%, a level consistent with thinning liquidity compared to earlier in the quarter. XRP price dynamics Despite the pullback, XRP retains a signi...

Is XRP set for a massive capitulation?

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As the cryptocurrency market faces renewed bearish sentiment, concerns are rising that XRP could be approaching a possible capitulation. However, Analysis from market strategist CrediBULL Crypto suggests these concerns may be overstated. In an X post on September 26, the analyst highlighted that while a downside move is possible, it is unlikely to derail the broader bullish outlook. On the short-term chart, XRP is consolidating within a descending triangle pattern. The price has repeatedly tested the horizontal support zone near $2.65, creating what analysts describe as “triple lows.” XRP price analysis chart. Source: Tradingview CrediBULL noted that a breakdown of this level could trigger a dip into the high-timeframe (HTF) demand area between $2 and $2.40.  This would represent a decline of roughly 10–15%, in line with pullbacks expected across the wider crypto market should Bitcoin (BTC) slide below $105,000. However, the higher-timeframe char...

Shiba Inu: Why The "One Cent Dream" May Not Be A Reality

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Shiba Inu (SHIB) fans and investors have long pursued the “one-cent” dream. The asset’s price has to rally by around 82069.27% to hit the $0.01 target. While the gains needed to hit the $0.01 target may seem significantly large, it is not something that SHIB has not done in the past. SHIB’s price rallied by several million percentage points within its first year of launch. Despite having displayed incredible growth in the past, hitting the $0.01 mark may not be realistic. Let’s discuss why. Why Shiba Inu’s 1-Cent Dream May Not Become A Reality Source: Pixabay One major reason why SHIB may never hit $0.01 is its massive circulating supply. There are nearly 589 trillion SHIB coins in circulation right now. If the price of each coin hits $0.01, the project’s market cap will reach $5.89 trillion. This figure is larger than the GDP of most countries. It is highly unlikely that Shiba Inu’s market cap will hit the $5 trillion mark. The most signi...

If You Bought $500 in PEPE One Year Ago, You'd Have This Now

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$500 in PEPE one year ago would now be worth about $2,461.60 – that’s a pretty amazing 392% return despite all the crazy market ups and downs. At the time of writing in May 2025, this impressive growth really shows why PEPE crypto price history continues to fascinate both veteran traders and also complete newcomers to the crypto scene. Also Read: De-Dollarization: How CBDCs And China’s CIPS Threaten The Dollar PEPE Crypto Price History, ROI Gains, Future Forecast & Risks Source: Watcher Guru From Launch to Today: Your $500 PEPE Journey If you had invested $500 in PEPE back at its 2023 launch price of $0.0000013, you would have purchased around 384.6 million tokens. These tokens have definitely experienced some really significant volatility over the past year. The journey hasn’t been smooth at all – at the September 2023 all-time low of $0.0000006, your $500 in PEPE would have dropped to just $230.76, which was probably a bit heart-wrenching for many investors. Th...

China Growth 5.4% Amid US Tariffs & U.S. Faces 1.8% Hit

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China’s economy continues to demonstrate remarkable resilience amid escalating U.S. tariffs, with recent data showing an impressive 5.4% growth in Q1 2025. At the same time, the U.S. economy actually faces a potential 1.8% growth reduction due to its own trade policies, according to several economic analysts and the IMF. Also Read: Bitcoin Will Be More Valuable Than the US Dollar: Venture Capitalist Exploring China’s Growth Amid U.S. Tariffs and Global Economic Pressures Source: Reuters China’s Economic Performance Exceeds Expectations China’s economy grew by about 5.4% in the first quarter of 2025, accelerating from 4.6% despite facing unprecedented U.S. tariffs and global trade tensions. Industrial production has also increased by around 6.5% year-on-year, while export growth has jumped to approximately 5.8% as exporters rushed shipments ahead of the tariff implementation. The Chinese government has, at the time of writing, set a 5% GDP growth target for 2025, ...

Technical analyst forecasts Dogecoin price will surge to $0.90

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Summary ⚈ Dogecoin closed above its 50-day MA for the first time since January 18. ⚈ Analyst TradingShot forecasts a conservative $0.90 DOGE target using Fibonacci extension. ⚈ Whale activity and market volatility may limit Dogecoin’s ability to sustain a rally. Dogecoin (DOGE) has closed above a key support level for the first time in more than 3 months.  At press time on April 23, DOGE was changing hands at $0.174, having marked a 12.12% gain on the 1-week chart. DOGE price 1-week chart. Source: Finbold Namely, the meme coin closed above its 50-day moving average (MA) on the 1-day chart on April 22, which hadn’t happened since January 18. Shortly before this, DOGE hit and rebounded off a 2-year higher low zone. Chart expert deems $0.9 a conservative Dogecoin price target Each time such a rebound and close above the MA has happened, Dogecoin price entered a bullish leg as part of a wider cycle, as noted by renowned chart expert TradingShot in an ...

Broadcom (AVGO) Stock Bucks Trend, Jumps 6%: Here's Why

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Ongoing geopolitical tensions have forced the US stock market into a state of uncertainty. Yet, as Wall Street has seen a host of shares fall in value this week, there are a select few who haven’t. Among them is Broadcom (AVGO), which is bucking the trend, jumping 6% during Wednesday trading. The stock had already increased 4% in premarket trading, with a bullish sentiment forming around the investment. Now, the biggest question is why is Broadcom gaining so much today. Moreover, is its recent increase a reality that should influence you to buy in on the company? Source: AFP 2023 / JEWEL SAMAD Also Read: US Stocks: Which Was Hit the Hardest by Trump’s Tariffs? Broadcom Gains 6% Wednesday as Geopolitics Leave Stocks Volatile The ongoing tension within global economics has led to increased volatility in the stock market. Where companies like Tesla (TSLA) and Alphabet (GOOGL) are falling, Chevron (CVX) has emerged with energy stocks soaring. This can make market planning all the more...

XRP at $0.55: Critical Support Level Could Trigger 14% Rally

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XRP, Ripple’s cryptocurrency, is at a crucial point. The blockchain-based asset is hovering around $0.60. The latest XRP price movements has brought some attention to it. Also Read: Ripple (XRP) & Dogecoin (Doge) Price Prediction For September 2024 Unlocking a 14% Rally: Navigating Market Volatility with Ripple’s XRP XRP’s Price Performance and Support Levels XRP’s price has been on a wild ride lately. In just 24 hours, it dropped 1.74%, testing the critical $0.595 support level. Traders and investors are watching this level like hawks. If Ripple’s coin loses this support, it might drop to $0.555. That said, if it holds, a 14% rally could happen. We’re eager to see how this unfolds. Factors Influencing Ripple’s Potential Rally XRP’s price is bouncing between $0.595 and $0.6487. This narrow range might indicate a potential large move soon. Could this be the moment? Analysis ">Liquidations and Open Interest Analysis Coinglass data shows more liquidation...