According to U.Today, Ripple whales have significantly increased their holdings by purchasing over 50 million XRP tokens over the weekend. Crypto analyst Ali Martinez, referencing data from Santiment, highlighted this trend, noting that the total balance of wallets holding between 1 million to 10 million XRP has surged to 4.29 billion tokens. This increase in whale activity coincides with a notable rally in XRP's price. Since November 12, XRP's price has broken out of a long-standing triangle pattern that had been forming since 2018. This breakout led to a dramatic price increase, with XRP soaring by 131% to reach a high of $1.63. During this period, whales absorbed approximately 460 million XRP, with 50 million of these tokens being acquired over the recent weekend. This accumulation by large holders raises questions about the relationship between whale activity and the cryptocurrency's price movements. The recent surge in XRP's price and the corresponding whale accumulation suggest a complex interplay between market dynamics and investor behavior. While the sudden price rise may have been unexpected, the continued buying by whales indicates that they may have insights into the factors driving the rally. The growing interest in XRP among large holders reflects a changing market outlook, although the sustainability of this trend will depend on broader market conditions and other influencing factors.

According to U.Today, XRP has experienced a significant surge recently, reaching notable highs and boosting market confidence. However, technical analysis and current on-chain metrics suggest that this rally might be nearing its end. Three key factors indicate a potential reversal. Firstly, the recent price increase of XRP has not been accompanied by a steady rise in trading volume. Although the price managed to surpass $1.06 before pulling back, the volume has been decreasing over the past few sessions. This lack of consistent buying interest suggests that bullish momentum may soon diminish, often signaling market exhaustion. Secondly, on-chain data reveals a significant drop in the volume of XRP payments after peaking in mid-November. This decline in activity is mirrored by a reduction in the number of active accounts, indicating decreased network usage. A fall in transaction volume within the XRP ecosystem could weaken the price's underlying support, potentially leading to a correction. Lastly, XRP's Relative Strength Index (RSI) is currently at 85, remaining in the overbought zone for an extended period. High RSI values typically indicate an overheated market, making the asset vulnerable to a downturn. Profit-taking at these levels could further drive the price down as bearish forces gain control. The $1.50 level is crucial for XRP's support, with the next significant support around $1.20. If the price breaks below this range, it may result in a more severe correction. However, if buyers step in to defend the $1.05 level, XRP might consolidate before attempting another rally. Despite XRP's impressive recent performance, caution is advised due to warning signs such as declining volume, reduced payment activity, and overbought technical indicators. Investors should closely monitor these metrics to assess the sustainability of the current uptrend.

Deputy US Attorney Edward Y. Kim will serve as the acting head for the Southern District of New York until the Senate confirms one of Donald Trump’s nominees. source: https://cointelegraph.com/news/us-attorney-damian-williams-crypto-enforcement-resignation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

A handful of tokens are trending in the Base ecosystem right now. Here's why I'm watching them. source: https://www.bankless.com/read/5-base-tokens-ai-memecoin

A former executive at the seventh-largest bank in the US just admitted to taking tens of thousands of dollars from a deceased customer’s account. Former PNC bank manager Lamont Hankins has pleaded guilty to stealing $60,181 from a customer who died years ago, reports Cleveland.com. Hankins started stealing the funds in late 2021, about six […] The post Bank Executive Steals $60,181 From Dead... source: https://dailyhodl.com/2024/11/25/bank-executive-steals-60181-from-dead-customers-account-tells-colleagues-hes-in-touch-with-client-report/

Panel at Benzinga event discusses potential of NFTs and metaverse despite skepticism. Ian Horne emphasizes importance of grounded discussions. source: https://www.benzinga.com/news/events/24/11/42172802/nfts-metaverse-derided-rightly-but-experts-see-bright-future-ahead?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Quick take: Avalanche has announced the launch of Avalanche9000 testnet, its largest upgrade since its mainnet launch in… The post Avalanche9000 Launches on Testnet with $40M for Developers Building on the Network appeared first on NFTgators . source: https://www.nftgators.com/avalanche9000-launches-on-testnet-with-40m-for-developers-building-on-the-network/

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. source: https://www.theblock.co/post/328156/the-daily-microstrategy-buys-record-5-4-billion-in-bitcoin-sky-mavis-cuts-21-of-its-workforce-and-more?utm_source=rss&utm_medium=rss

Cardano (ADA) has emerged as one of the cryptocurrency market’s standout performers. Its market capitalization has tripled in just 17 days to reach an impressive $37.40 billion. This surge coincides with ADA’s price climbing to $1.16 on Friday, marking its highest level since April 2022. Currently ranked as the 9th largest cryptocurrency by market capitalization, […] source: https://zycrypto.com/cardanos-market-cap-has-tripled-in-17-days-heres-whats-fueling-ada-rocket/

November’s gains have pushed DeFi’s total value locked back to levels last seen in 2021, reaching $118.4 billion on Nov. 25. source: https://cointelegraph.com/news/defi-tokens-surge-november-tvl-hits-2021-highs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Renzo هو بروتوكول استعادة مبني على blockchain Ethereum. فهو يتيح للمستخدمين المشاركة بسهولة في ETH وكسب مكافآت من EigenLayer. يمتلك Renzo فريقًا مؤسسًا قويًا ويدعمه Binance Labs، لكن رمز REZ الخاص به شهد انخفاضًا مؤخرًا في الأسعار.