Cointime

Download App
iOS & Android

XRP's Market Indicators Turn Bearish Despite Recent Price Increase and Popularity on LunarCrush

XRP has recently become the fourth largest cryptocurrency by market cap, surpassing BNB. However, its price has turned bearish, causing concern about its ability to maintain its position. Despite this, XRP remains a popular topic in the crypto community and is trending at number one on LunarCrush. However, its metrics and indicators have turned bearish, with its MVRV Ratio and network growth both declining. 

Comments

All Comments

Recommended for you

  • Spot gold rose above $3,700 per ounce, setting a new record high

    spot gold rose in the short term, breaking through $3700 per ounce, rising 0.56% intraday, hitting a new historical high again, and rising by $1076 per ounce so far this year. Market analysis believes that the acceleration of weakening US employment data supports the Fed's resumption of rate cuts in September, and the expectation of rate cuts is the key driving force for the recent rise in gold prices. Goldman Sachs stated on September 4 that if the credibility of the Federal Reserve is damaged and investors convert a small portion of their US bond holdings into gold, the price of gold could soar to nearly $5,000 per ounce.
  • MANTA: 19.98 million OM tokens have been repurchased, accounting for approximately 1.88% of the circulating supply.

     MANTA has released an update on the repurchase of OM tokens on the X platform, disclosing the progress of its repurchase plan with a scale of $25 million. As of September 16, 19.98 million OM tokens have been repurchased, accounting for approximately 1.88% of the circulating supply.
  • CNBC: Tiktok transaction expected to close in 30 to 45 days

     according to CNBC, the TikTok agreement will include existing ByteDance investors, and the TikTok transaction is expected to be completed within 30 to 45 days. Oracle will retain the TikTok cloud service agreement under the new agreement.
  • Trump: Just signed the document appointing Milan as Federal Reserve Board member

    Trump: is calling Milan to discuss Senate confirmation matters. Just signed a document appointing Milan as a director of the Federal Reserve, which will be transferred to the Federal Reserve. The Federal Reserve needs to be independent.
  • Bank of America CFO: Legislative clarity allows us to develop stablecoins for clients

    Chief Financial Officer of Bank of America stated that legislative clarity allows us to develop stablecoins for customers. We can develop them on our own or collaborate with the industry.
  • Barclays, Revolut, Coinbase, Binance, and others hold conference in London

    according to market news, Barclays Bank, Revolut, Coinbase, Binance and other companies held a meeting in London. Goldman Sachs, HSBC, and Bank of America also participated in this event.
  • Santander Subsidiary Openbank Launches Cryptocurrency Trading for Retail Clients

     Openbank, a subsidiary of Santander Bank, has launched cryptocurrency trading for retail investors.
  • British smartphone maker Nothing secures $200 million in funding

    British smartphone manufacturer Nothing announced the completion of a $200 million Series C financing, with a valuation of $1.3 billion. The company aims to launch the first batch of AI-driven new devices next year.
  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.
  • The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.