Crypto
XRPUSD Fluctuates Near $1 Amid Bearish Trend
XRPUSD is trading near $1, but analysts are cautious about a potential rebound. The weekly trend for XRPUSD remains bearish, with major support around $0.93.
Despite this, the daily chart shows an unconfirmed bullish RSI divergence, which could indicate a change in trend if confirmed by several positive daily closes in 1-2 weeks.
Ripple's CTO emeritus David Schwartz has reduced his XRP holdings to around 2 million, approximately 92% below their peak of 26 million. However, he did not disclose whether the cuts came from sales, transfers, or other moves.