The post XRP Burn Rate Surges 36% as Price Breaks Key Resistance appeared on BitcoinEthereumNews.com.
XRP breaks key resistance What to expect for XRP? XRP is gaining the spotlight since it began to flash signs of a major price breakout. This has continued to drive an incredible surge in its network activity. Following the rapid price increase seen yesterday, data from crypto analytics platform, Cryptoquant, shows that the XRP burn metric has surged by over 36% in the last day. After sitting at around 415 on May 13, the amount of XRP burned as fees had surged to 565 as of May 14, marking a significant increase of 36.14% in the XRP burn rate. Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON) Risks Losing $2: Crypto Market Review XRP Crushes Every Major Coin with Massive Gains XRP breaks key resistance While XRP has been showing decent price gains over the week, it pulled an explosive move on Thursday, May 14, surging by over 11% with
XRP price continued consolidating near a key breakout zone this week after forming several bullish reversal patterns on the weekly chart, while improving regulatory sentiment and tightening exchange supply strengthened the bullish outlook. According to data from crypto.news, XRP (XRP)…
Solana’s $98 resistance is in focus, with $88 as support and $107 to $117 as upside targets if SOL breaks out. Solana traded near a key short-term barrier as market analysts focused on the $98 level. A daily close above that area could turn resistance into support, while failure there may keep SOL within its […]
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XRP became the most traded asset on South Korea’s Upbit exchange in the last seven days, pulling in $110 million in 24-hour volume and outpacing both top cryptos Bitcoin and Ethereum. The surge came alongside the biggest inflows into US XRP exchange-traded funds in four months, even as Bitcoin and Ethereum funds saw money flowing out. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High CME And NASDAQ Signal Growing Institutional Interest CME Group and NASDAQ announced they will launch crypto index futures on June 8, covering Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar Lumens in a single contract. The move points to growing institutional infrastructure being built around regulated digital assets. XRP itself climbed 4% in 24 hours to almost $1.5, while Bitcoin traded at $81,450 and Ethereum sat at $2,287. The price action followed Thursday’s markup vote on the CLARITY Act, a proposed federal law that is driving fresh optimism across payment-
CLARITY Act Section 105 raises new debate over XRP transaction treatment, Ripple ruling, and future U.S. crypto rules. The CLARITY Act has brought fresh attention to XRP as lawmakers review digital asset market rules. Section 105 has become a key focus because it refers to network tokens and earlier court decisions. The debate now centers […]
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Bitcoin traders split between a "massive catch-up" with stocks and the start of its "next downtrend" as BTC price action failed to flip $82,000 to support.