Ripple (XRP) and Ethereum (ETH) Prices Rebound Slightly After FOMC Cryptocurrency Market Crash

Ripple (XRP) and Ethereum (ETH) Prices Rebound Slightly After FOMC Cryptocurrency Market Crash

Warning : The text below is a press release that is not part of the editorial content of Cryptonews.com.

Ripple (XRP) and Ethereum (ETH) suffered significant losses last week and started the new trading week in the red. Ripple (XRP) fell 8.33% on Tuesday before the FOMC, followed by Ethereum (ETH) with a drop of almost 4%. During the same session, other major cryptocurrencies, Bitcoin (BTC) and Cardano (ADA), also showed signs of weakness.

The price of XRP has since rebounded to $0.42 at the time of the article’s publication, but analysts advise investors to steer clear of major cryptocurrencies at this point. Market weakness is expected to persist over the long term, and the biggest beneficiaries of this setback are the bitcoin (BTC) and major altcoins.

Investors pocket their remaining holdings and place them in The Hideaways (HDWY). The token is expected to become one of the best performing cryptocurrencies this year.

Ripple (XRP) inflows triple, but its token price remains low

Latest On-Chain Analysis Shows Ripple’s Increasing Investment Flows Despite Market Weakness cryptographic in general.

Funds worth $300,000 were reportedly invested in the XRP last week, which is three times more than the $100,000 the previous week.

This means that interest in Ripple (XRP) remains strong, especially now that its management has filed a lawsuit challenging the company’s claim. DRY US to treat it as an ordinary security asset.

However, the price of XRP does not seem happy with this update. the token is still trading below its May price range and is down 80% from its all-time high, showing that trading XRP remains very risky.

READ ALSO :   US crypto investors caught by the tax department

The price of XRP is expected to drop to a new low at $0.31. If the selling pressure continues at this level, XRP could retrace to $0.28a level that has not been reached since June.

All the frenzy died down after the Ethereum (ETH) merger

Ethereum (ETH) is another token that has been leading the market losers lately. With the anticipation of the Ethereum meltdown gone, it’s time for a timely correction.

After the meeting of FOMC, ETH fell all the way to $1,220. The token has lost more than 20% of its value in the past week and 14% in 30 days.

After the fall of the critical threshold to $1,400, analysts’ forecasts for the currency have turned sour. Experts expect prices to decline to the $1000 area as selling pressure continues despite today’s slight rebound.

the ROI Ethereum fell to 35.0 after hitting a high of 60.0 this month. It is approaching the dangerous oversold zone, which, if reached, could pose a greater risk to the currency.

Forget Ripple (XRP) and Ethereum (ETH) and invest in Hideaways (HDWY)

Current weakness in Ripple (XRP), Ethereum (ETH) and Terra (LUNA) means only one thing: it’s time to explore new coins with colossal potential – and our analysts here are predicting up to 10,000% potential.

Crypto real estate project The Hideaways (HDWY) is changing the game immovable traditional with:

The ability to own a fraction of a property and avoid deposit fees, legal and financial.

Earn 2 sources of income passive through capital appreciation and monthly rental income.

READ ALSO :   Market in grip of bear hug: Nifty50 trades below 17,000 points, rupee hits new low

Invest from anywhere in the world, whatever your nationalityyou can buy fractional ownership in any country where The Hideaways invests.

For the modest sum of $100, investors can take advantage of its tokens non-fungible collateralized by real-world assets.

Its native token HDWY sells for $0.02 – a 100% increase since it was first mentioned. However, we will not be surprised if this token increases by 10x before the end of its pre-sale period, given the support it has been enjoying lately.

Look at them :

Website: https://www.thehideaways.io

Presale: https://ticket.thehideaways.io/register

Telegram: https://t.me/thehideawayscrypto

Twitter: https://twitter.com/hdwycrypto

Newsletter Updates

Enter your email address below to subscribe to our newsletter