Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
XRP recovery faces pressure as steadfast buyers remain absent—here’s what to watch next:

XRP recovery faces pressure as steadfast buyers remain absent—here’s what to watch next:

币界网币界网2026/02/03 04:43
Show original
According to a report by Bijie Network: XRP recently rebounded from the $1.50 support level, but the trend remains fragile, mainly driven by short-term traders rather than sustained demand. On-chain data shows that during the rebound, the supply held by traders holding for 1 week to 1 month surged to 5.27%, while exchange outflows dropped by nearly 70% to about 9.81 million XRP, indicating overall weak accumulation. With a key resistance level near $1.69 and insufficient participation from long-term holders, XRP still faces the risk of another decline if short-term traders exit.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

While the industry faces turmoil, "Nvidia-backed" Nscale presses ahead for NYSE listing! New IPO prospectus reveals 1,344% surge in revenue but a quarterly net loss of $1.69 billion

Nscale, a "New Cloud" provider backed by Nvidia, submitted its latest filing for an initial public offering (IPO) in the United States on Thursday.

智通财经•2026/11/13 00:41

AI capital expenditures peak as global stock market profits"shift gears"! Goldman Sachs outlines three major themes for 2027

Goldman Sachs Portfolio Strategy Research Department pointed out that as the artificial intelligence investment boom peaks, global stock market earnings growth is expected to decline by more than half in 2027. However, recent valuation declines have created attractive entry points for long-duration technology growth stocks.

智通财经•2026/11/13 00:37

Nvidia (NVDA.US) CEO resigns, causing U.S. stocks to fall; Dow Jones drops 189 points

The resignation of Nvidia CEO Jensen Huang has triggered management turmoil, coupled with espionage rumors, leading to a broad decline in the New York stock market on the 12th. The Dow Jones Industrial Average closed down 189.40 points, with the S&P 500 and the Nasdaq Composite also posting losses, and small and mid-cap stocks experiencing the largest declines. Although the long-term outlook for AI remains unchanged, individual corporate governance risks are significantly weighing on the sentiment of the technology sector, driving funds to shift toward competitors and non-tech blue-chip stocks.

智通财经•2026/11/13 00:37