Bitcoin (BTC) whales have recently initiated significant long positions on Bybit and HTX, according to CryptoQuant CEO Ki Young Ju. These positions were opened at the notable price point of $69,000. Young Ju highlights that similar actions were seen in August 2023, preceding a substantial rally from $25,000 to over $73,000. Bitcoin whales open massive
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Ripple Price Analysis: XRP’s Bull Run Will Continue as Long as it Remains Above This Level
Ripple’s price has been consolidating for the last few weeks and is yet to make a record high. Meanwhile, a bearish reversal does not seem probable at the moment as long as a certain key level holds. By Edris Derakhshi (TradingRage) The USDT Paired Chart As the USDT paired chart demonstrates, the price has failed to continue its almost vertical rally beyond the $3 resistance level and is currently moving sideways below the mentioned level. Yet, with the key $2 support zone holding the price on multiple occasions, as long as this level remains intact, investors could be hopeful that a bullish continuation will occur soon. The BTC Paired Chart The XRP/BTC chart also shows a quite similar picture, as the price has failed to continue above the 2800 SAT resistance level and has been quickly rejected to the downside. Meanwhile, with the 2000 SAT support area being able to prevent a deeper decline, there is still the probability for the market to continue higher in the short term. Of course, a breakdown of the 2000 SAT zone would rule out a bullish continuation for a while. The post Ripple Price Analysis: XRP’s Bull Run Will Continue as Long as it Remains Above This Level appeared first on CryptoPotato . CoinOtag
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