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Ripple (XRP) is one of the leading cryptocurrencies to exist in the market right now. The token is currently a center of mainstream attention due to a plethora of ETF filings that the token is keenly awaiting approvals on. At the same time, XRP is badly hit by the current market forces, sitting at $2.04 price levels. At the same time, Bitcoin has also tumbled, impacting the altcoin markets to bleed furthermore. In such a case, how low can XRP truly fall before it stabilizes and picks up pace? Let’s find out. Also Read: Top 3 Cryptocurrencies That Could Rebound This Weekend Market Status: What Happened? Source: Coinpedia Ripple (XRP) is one of the leading cryptocurrencies to exist in the market right now. The token has noted a spectacular price rise during the peak of the market, rising to touch a new high of $3 and beyond before plunging back to sit at $2.04 at press time. With Donald Trump announcing a fresh line of import tariffs on the EU and China, the global markets have hit ...

The cryptocurrency market seems to be facing a correction after its recent surge. Bitcoin (BTC) hit a new all-time high of $89,864.13 on Nov. 12, 2024. BTC’s upward momentum triggered a market-wide rally over the last few days. Amid the correction, LookOnChain highlights that Tron’s (TRX) market cap has hit a new all-time high of over $16 billion. Also Read: XRP’s Rare Pattern: Top Trader Predicts $1 After 17% Surge The market cap of $TRON has exceeded $16 billion, setting a new all-time high! pic.twitter.com/4VW0sXVj0t — Lookonchain (@lookonchain) November 13, 2024 While the project’s market cap is at an all-time high, TRX is down by 23.7% from its peak of $0.2317, which it accomplished in January 2018, almost seven years ago. While the market is facing a correction, Tron (TRX) seems to be weathering the storm quite well. The asset is up by 5% in the daily charts, 8.7% in the weekly charts, 5.7% in the 14-day charts, and more than 10% over the previous month. TR...

A closely followed analyst and trader warns that Bitcoin’s (BTC) multi-month bull market may be hanging by a thread. Pseudonymous analyst Altcoin Sherpa tells his 219,700 followers on the social media platform X that he’s keeping a close watch on Bitcoin’s price action at around $58,000. According to the trader, an immediate move below $58,000 could spell trouble for the crypto king. “$58,000 would be the level of interest for me for BTC. Pulling back is expected; the reaction from that area should be telling. Bounce strongly = we test higher levels. Weak bounce or nonexistent= we go to hades.” Source: Altcoin Sherpa/X The crypto strategist updates his chart, saying that he’s seeing an encouraging response from BTC bulls. “Good reaction for BTC so far.”  Source: Altcoin Sherpa/X At time of writing, Bitcoin is trading for $59,604, up over 1% on the day. The analyst is also watching the recovery of Solana (SOL...