Ripple(XRP) rises above a short-term key support on Monday and trades around $1.37 at the time of writing. The remittance token upholds a broad bullishoutlook, supported by steady institutional interest. Still, traders should temper expectations as momentum indicators cool following the recent rally that tagged highs of $1.70 on August 22.
Metaplanet, the fourth-largest corporate Bitcoin treasury, moved 4,800 BTC worth nearly $377 million to Coinbase today, triggering speculation about the company selling its holdings.
Thecryptocurrencymarket is broadly consolidating on Monday, with select assets posting modest gains. Bitcoin (BTC) remains resilient above $78,000 as investors anticipate a renewed push toward $80,000.
About The Author
