XRP's recent price action shows a short-term EMA crossover that may signal consolidation rather than a bearish trend. The 26/50 EMA crossover, spotted on XRP’s chart, often indicates a temporary correction instead of a prolonged downtrend. If XRP reclaims the 50-day EMA, it could aim for the $2.35 resistance zone, potentially rallying toward $2.60-$2.70. However, failing to hold above $2.09 might push the asset to consolidate near $2.00.
Meanwhile, Samson Mow, CEO of JAN3, revealed his company's revenue strategy: holding Bitcoin. JAN3, known for promoting hyperbitcoinization through Bitcoin bonds and digital collectibles, reportedly holds 12 BTC valued at around $1.15 million. Purchased at an average of $83,333 per BTC, the company achieved a 15.56% profit margin, earning over $150,000 in one month.
Cardano (ADA) is gaining traction as whales drive significant accumulation, potentially fueling a price surge. Santiment reports that wallets holding over one million ADA have amassed 1.41 billion ADA, accounting for 2.35% of the total supply. This accumulation, ongoing since late November 2023, coincided with ADA’s 107% price increase. At present, ADA trades at $0.7769, up 0.43% over the past 24 hours, according to CoinMarketCap. Whale activity and increased market attention, driven by Grayscale's spot ETF application, continue to support bullish momentum for ADA.
Overall, XRP’s short-term correction, Bitcoin holdings by JAN3, and Cardano whale accumulation reflect key market trends, offering insights for investors tracking crypto market movements.
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