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Since the start of April, XRP whales have been on a selling spree, offloading over 370 million tokens as the asset attempts to stabilize above the $2 mark. Wallets holding between 100,000 to 1,000,000 XRP have seen steadily declining balances since early April, coinciding with rising price volatility, according to April 15 on-chain data from crypto analytics platform Santiment . XRP whale transaction chart. Source: Santiment At XRP’s current price, the dumped tokens are valued at approximately $765 million. This large-scale sell-off may reflect a lack of confidence among major holders, fueling market uncertainty. Historically, reducing whale holdings typically increases selling pressure, suppressing upward momentum or triggering price corrections. Such a move might also spook retail investors to join the selling party. XRP price reaction Interestingly, the Santiment data also shows whale wallets declining during XRP’s rally, which has hit a monthly peak of $2.23, indicating distribution. Although the destination of these offloaded tokens remains unclear, the transactions align with recent heightened whale activity amid speculation around a potential spot XRP exchange-traded fund ( ETF ). Notably, Finbold reported that on April 15, one XRP whale moved over $60 million to Coinbase , hinting at further sell-side pressure. This follows another notable transfer, where Whale Alert flagged a shift of 131 million XRP (worth $273 million) between two unidentified wallets. XRP price analysis At press time, XRP was trading at $2.08, down over 3% on the day, yet up 13% over the past week, holding above the key psychological level of $2. XRP seven-day price chart. Source: Finbold While these large moves could trigger more downside, XRP is showing moderate volatility at 8.26%, with a relative strength index ( RSI ) of 49.20, indicating neutral momentum. However, short-term weakness lingers as the asset trades below its 50-day simple moving average ( SMA ) of $2.27. Though it remains above the 200-day SMA of $1.88, the broader bullish trend remains intact. Featured image via Shutterstock The post Whales dump over 370 million XRP since start of April appeared first on Finbold .
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HBAR, VET & ENA Crucial Support Levels – Your Guide to Mid‑Term Price Moves
Examining key price benchmarks can reveal potential market shifts for HBAR , VET , and ENA . This guide delves into where these cryptocurrencies are headed in the coming months. Discover which ones are poised for growth and the crucial support levels to watch. Curious about the next big move? Dive into the analysis ahead. Hedera HBAR Dynamics: Short-Term Dips Amid Long-Term Surge and Key Levels Hedera price fell about 12% over the past month while climbing over 211% across six months. Volatility marked the recent decline, contrasting with a sustained rally that drove long-term gains. Sharp short-term corrections followed months of bullish buildup, showing the coin`s ability for rapid movements and high potential. Recent setbacks provide opportunities for recovery. The coin now trades between $0.1166 and $0.2485, with resistance near $0.3343 and secondary resistance at $0.4662, while support holds around $0.0705 dollars. Mixed indicators, such as an RSI near 47 and slight momentum, suggest no clear trend, indicating both bulls and bears share control. Traders may explore breakouts above resistance or look for rebounds at support to guide decisions. VeChain Market Update: Recent Trends and Key Price Levels VeChain dropped 7.56% over the past month while showing a modest 5.02% rise over the last six months. A strong 14.58% one-week gain added a burst of energy during a period marked by mixed performance. Price swings revealed short-term strength amid longer-term caution, with movements varying as traders reacted to market shifts. Technical measures indicated a balance between upward pressure and correction across different time frames. Current trading lies between $0.01797 and $0.03102. A resistance level is near $0.03891 with clear support at $0.01282. Bulls have pushed prices higher in the short term, but recent monthly losses suggest caution. With no clear long-term trend, traders might consider buying near support and watching for a breakout above resistance. Ethena Trading: Bearish Trends and Key Levels to Watch Over the past month, Ethena dropped by nearly 24%, while a six-month decline reached around 30%. Price losses have accumulated gradually, with technical measures like a 41.35 RSI and a slightly negative Oscillator contributing to the downward pressure. This sustained decrease cautions investors against expecting an immediate recovery. Current levels set immediate support at $0.24 and resistance near $0.53, with secondary markers at $0.09 and $0.68. Bears dominate, as technical signals lean bearish, with no clear uptrend in sight. Trading strategies focus on cautious long entries near support, emphasizing mindful risk management in case of a breakout. Conclusion HBAR , VET , and ENA are currently at crucial support levels. These levels are important as they could influence price moves in the mid-term. Monitoring these points may offer insights into potential buying or selling opportunities. If these support levels hold, more positive price action might follow. Failing to hold could lead to further declines. Keeping an eye on market trends and these key points is essential for making informed decisions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Finbold
Aptos Governance Proposal AIP-119 Could Lower Staking Rewards to Encourage Development and Address Validator Concerns
The Aptos blockchain is undergoing significant changes with a new governance proposal aimed at reducing staking rewards in a bid to boost development. This strategic move, co-authored by Aptos Labs’ Finbold
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Guy Turner Alerts: Bitcoin Dominates as Altcoin Hopes Dim
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