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XRP ETF Withdrawal: CoinShares Takes A Strategic Pause
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$XRP ETF Application Withdrawn by CoinShares — What’s Happening? 🔍 CoinShares has withdrawn its $XRP spot ETF application, citing intense U.S. market competition rather than regulatory issues. The move reflects growing fee pressure among ETF issuers. Market Snapshot 💵 XRP at $2.19 (-1.09% 24h, +6.8% weekly) 📊 Trading volume: $2.07B 🏦 Market cap: $132.7B, ranked #4 🔄 Exchanges saw $798K net outflow, hinting at accumulation Technical Outlook XRP is consolidating between $2.15 support and $2.22 resistance Break above $2.25 could open a run toward $2.44 RSI remains neutral; mixed MACD signals suggest caution Why It Matters CoinShares is shifting toward higher-margin products amid ETF fee wars Despite withdrawal, institutions bought $21.8M worth of XRP recently, pushing total ETF-held XRP to $676M On-chain data is mixed: declining activity but falling exchange supply #xrp #BTCRebound90kNext? #BinanceHODLerAT
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$ALCX Surges 26% With Strong Bullish Momentum 🚀 $ALCX has jumped over 25% to $11.77, supported by strong buying pressure and a major spike in trading volume. The rally follows the successful Alchemix v3 upgrade, rising DeFi activity, and increased on-chain adoption. Market Snapshot 📈 +25.6% (24h) and +20.9% (7d) 💰 Trading volume surged to $8.94M, with peaks near $95M 🏦 Market cap: $28.7M Technical Overview EMA structure is strongly bullish. RSI is overbought (75–79) → possible short-term consolidation. Key support: $10.70–$10.90 Major resistance: $11.96, next targets $12.50 / $13.50 Why It’s Pumping Alchemix v3 introduces 90% LTV self-repaying loans 45% rise in active addresses & strong on-chain accumulation DeFi sector seeing renewed capital inflow Chainlink Keepers + Price Feeds boosting protocol reliability #ALCX
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choose me or 1 $BTC? #bnb #Crypto_Jobs🎯
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$MORPHO 📉 $MORPHO drops to $1.56, down 12% in 24h and 22% this week, as market sentiment sinks into Extreme Fear (11). 📊 Price sits below key EMAs, confirming a bearish trend, though RSI ~32 shows it’s nearing oversold territory. 🔥 Despite the decline, Morpho remains strong fundamentally with $6B+ TVL and rising institutional adoption, including Société Générale and major lending partners. 💡 Support sits at $1.52, while resistance remains at $2.00; traders may watch for an oversold bounce but overall caution is advised. #MORPHO #defi #MarketUpdate #altcoins #CryptoNews
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