Crypto Trading Activity Declines: Centralized Exchanges See 20.1% Drop in May

The total cryptocurrency trading volume on centralized exchanges has plunged 20.1% last month to a total of $5.27 trillion while major cryptocurrencies including Bitcoin and Ethereum remained rangebound, with a sudden volatility spike after the Securities and Exchange Commission approved spot Ether exchange-traded funds in the US. According to CCData’s latest Exchange Review report, spot […]

A Spot XRP ETF ‘Would Make a Lot of Sense’, Says Ripple President Monica Long at Money20/20 Europe Conference

At this year’s Money20/20 Europe Conference (held 4-6 June, 2024, in Amsterdam), Ripple President Monica Long gave an interview — to Arjun Kharpal, CNBC’s Senior Technology Correspondent — during which she provided a comprehensive overview of Ripple’s strategic initiatives and the evolving landscape of the cryptocurrency market. The discussion covered the increasing institutional interest in […]

Markets

Price Analysis XRP

XRP Tests $0.54 Resistance: Will Volatility Give Way to Bullish Momentum?

As of 27 May 2024, Ripple’s XRP is trading against the US Dollar (USD) on Bitstamp at approximately $0.539, reflecting a daily increase of $0.01108 (+2.10%). This detailed technical analysis explores XRP’s price movements, identifies critical support and resistance levels, and evaluates potential future scenarios. Overview of Current Market Conditions The TradingView chart below offers […]

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Markets

Crypto Trading Activity Declines: Centralized Exchanges See 20.1% Drop in May

The total cryptocurrency trading volume on centralized exchanges has plunged 20.1% last month to a total of $5.27 trillion while major cryptocurrencies including Bitcoin and Ethereum remained rangebound, with a sudden volatility spike after the Securities and Exchange Commission approved spot Ether exchange-traded funds in the US. According to CCData’s latest Exchange Review report, spot […]

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