Meanwhile, it’s time again for our crypto update. Following the live Bitcoin price and the prices of the top 25 crypto, we look at the signals for a Ripple (XRP) crash. We also take a look at how a major owner of Ethereum (ETH) is investing.
We begin as usual with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price rises, prices top 25 crypto exchange
The live Bitcoin price is quoting EUR 37,302.14 ($42,288.08) at the time of writing. This is 1.54% higher than during our Bitcoin update yesterday.
The prices of the top 25 crypto coins are changing. The biggest loser of the day is ChainLink (LINK), which loses 3.70%. The biggest winner is Terra (LUNA), which records a plus of 6.76% in 24 hours. On the site of Tradeincrypto.com you can of course analyze all live crypto prices 24 hours a day.
Will the Ripple (XRP) crash?
Ripple (XRP) is still going full steam ahead in its fight against the SEC and is making significant progress there as well. Analysts are therefore taking into account a price explosion for the Ripple (XRP) if a favorable settlement or ruling is reached. The consequences of such a ruling could well be significant. Already, Ripple (XRP) is being called the SEC’s biggest tease. An analysis of the long-term Ripple (XRP) price therefore gives all the indicators for a hefty price increase.
Yet that is not the whole story. Those who follow the prices today will see that this crypto formed a symmetrical triangle on today’s price chart and that the price is consolidating. This, according to analysts, creates a flipping moment for a short-term trend reversal. This trend reversal would be bearish and cause the price to fall 48%. To avoid this scenario, it is necessary for Ripple (XRP) to stay above $0.72.
If this does not happen we see that the support levels follow the Fibonacci analysis. The prices to follow are $0.68, $0.63, $0.58, $0.52 to arrive at the pessimistic bear target of $0.48.
On the other hand, we see the resistances at $0.75, $0.78, $0.83, $0.90 and $0.96 looming. If we run the above video analysis on that and the Ripple (XRP) is indeed following that course we come up with a price increase of 48% on the contrary. In short, with a current Ripple (XRP) price of $0.741, an exciting time is coming.
Which crypto does an Ethereum (ETH) investor invest in?
Many investors naturally invest in Ethereum (ETH) in order to benefit from any increase in the price of this currency. However, a number of them spread the risk and also invest in other tokens that function on the Ethereum blockchain, the so-called ERC-20 tokens. Many investors find it interesting to know what the big players are doing, so we looked at the contents of the wallets of the 3 largest Ethereum owners. The contents of the two largest wallets, “Itachi’s” and “Naruto’s” are almost completely (over 99%) filled with Ethereum (ETH) and thus not that exciting.
The second largest wallet, the Light Wallet is a lot more interactive. Besides Ethereum, we see no less than 154 other tokens in its wallet. After Ethereum (ETH), we see that the owner is a grand owner of 2 other tokens. The Shiba Inu (SHIB) is well known, but the big unknown is the Ron Token (RON). This token is not yet officially for sale, but only available if money wants to be invested in the ambitious project. This naturally leads to speculation about this particular Ethereum wallet. How does he/she get so much Ron? We will continue to follow it.
Staying up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly price forecast might be a reading tip.
Note: We never give financial advice, so our contributions should not be interpreted as such. Always do your own research and decide rationally if, when, what and how much you want to invest in.