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The XRP falls 19% this week, 33% below January, in the longus fluid as $ 23.61m.
The XRP has fallen by 19% this week and is 33% below January high, although it has managed to keep above the significant $ 2 level so far.
While XRP is not alone, the broad crypto market is experiencing significant losses; Data shows that the bears are strongly under control, XRP on Sunday alone with $ 23.61 million in long positions.
This XRP price analysis suggests whether investors should purchase DIPs or instead consider promising options such as Salaxy, Cardano and Hadera.
Trump plans but bears take control
Market spirit for XRP is much more recession, in which co -operatives reports more than $ 375 million in open interest in open interest in open interest.
On Sunday, March 9, tell the liquidation, the same story. The $ 23.61 million in Longs was only $ 3.94 million versus liquid in shorts, indicating that bears and XRP vendors dominate the market in short term.
The announcement of Donald Trump’s declaration of a strategic crypto reserve does not work, especially after Crypto Caesar David Sachs clarified that only bitcoins would be purchased.
This means that altcoins such as XRP, Cardano and Solana will be linked to only illegal activities, as the sacks insisted that the government has no plans to invest directly in these Altcoins.
These announcements have crushed the short -term speed of the XRP and contributed to its recent decline, although it is worth noting that XRP continues to protect major price levels around $ 2.
The major value levels show conflicting signs for the future of XRP
Analyst Solberg Invest recognized the $ 2 level as an important line for the XRP and suggests that the increased business activity in the region may extend a rally towards $ 4.4. This optimistic approach is contrary to the current fundamental picture facing XRP in the market.
On the recession, analysts such as the Crypto ANBU have formed a head-and-shoulder pattern on the XRP chart, resulting in a significant retracement $ 1.5 or less when a $ 2 support level breaks.
These two opposite approaches highlight how the $ 2 price point has become a major determinant for the future direction of XRP. As the third most valuable cryptocurrency with the XRP height market cap, only the back of bitcoin and atherium, its reverse capacity can be limited, while negative risk remain enough for traders who are looking to fry the dip.
Other cryptocurrencies offer compelling investment opportunities
One of the major risks of investing in XRP is already a large market cap of $ 126 billion. As a third-place cryptocurrency, its growth faces natural boundaries compared to potentially potential small-CAP options that can offer better risk-to-inam ratio.
Cardano presents an option that can improve XRP in the coming months. This layer focuses on 1 blockchain scalability, safety and decentralized governance, and is creating recent waves in the Crypto community.
The ecosystem is observing rapid growth, exemplary, cardano-based projects by midnight that reached a high-profile partnership with openJaplin.
With a market cap of $ 26 billion, with approximately 20% evaluation of XRP, cardano can provide more space for development.
Hadera is another promising XRP option, with a very low market cap of $ 8.8 billion. This scalable layer 1 blockchain focuses on fast, safe and energy-skilled transactions with smart contract functionality.
The project recently announced a strategic partnership with the Global Payments Network Swift, showing its ability to work at the highest levels of traditional finance.
Salaxy Presley enhanced the speed as investors seek development option
A complicated option of XRP is Solaxi, currently raising funds through a press that has already secured an impressive $ 25 million.
As the world’s first Solna layer 2 blockchain, the layer of Salaxy Salana promises rapid, cheaper and more reliable transactions, to improve the user experience and open the platform for new use cases.
The XRP has a large -scale place for development, compared to the $ 126 billion evaluation of $ 126 billion or compared to Solan’s $ 64 billion market cap. The project is attracting quick investor interest, partly due to liberal stacking AP of more than 150%.
Many early investors predict potential returns from 10X to 50x on their initial investment, making it a compelling option for those who look beyond installed cryptocurrency such as XRP.
Do not remember on this occasion! Learn more about Solaxi’s prescription, before it ends and already join thousands of investors for potential development.
For more information, go on Solaxy presale website,
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