VIP MARKET UPDATE: $XRP ➖➖➖➖➖➖➖ XRP saw a strong upward move following the breakout of the ascending triangle.
However, it is currently facing horizontal resistance. If it continues to trade below this level, a potential downward move cannot be ruled out. ➖➖➖➖➖➖➖ - Binance $XRP
🔵 In South Korea, 7.78 million investors (15% of the population) are into crypto. Among them, 3% are newcomers influenced by news about Trump, while those with 6-12 months of experience entered the market after the BTC-ETF approval.
🔵 Bitcoin ($BTC) leads with 37.2% of portfolios, followed by Ethereum ($ETH) at 11.1% and Ripple ($XRP) at 10.6%. Generation Z is keen on altcoins: 20.7% hold $XRP, and 82.7% hold other altcoins besides $ETH. However, meme coins are quite popular, with over 50% of investments going into them.
🔵 Upbit dominates 59% of the market. Koreans prefer not to use decentralized exchanges, but they get their information from YouTube and Telegram, despite the rise in drug trafficking there.
🔵 The maximum crypto drawdown is 70%, compared to a 14% drop in Korea's stock index.
🔵 By 2025, 75% of investors expect $BTC to rise above $110,000. Koreans trust crypto more than pensions.
BTC is trading within a descending triangle, near the resistance trendline. It is struggling to break above this level, and if it fails to do so, the price could move lower. A breakout above the trendline could signal bullish momentum, while a rejection could lead to a retest of the support zone.
Trump’s World Liberty Financial Crypto Portfolio Down 37%, But Still Accumulating $SEI
🔹 World Liberty Financial (@worldlibertyfi ) today bought 541,242 SEI for $100K on Ethereum. 🔹 Last week, $25M $USDC was moved to another address before returning to WLFI. 🔹 Stablecoin Holdings: $21.1M in $USDC, $USDT, and $AETHUSDC.
Portfolio Breakdown & Losses: 🔸 Total Investment: $339M 🔸 Current Value: $215M (-37%) 🔸 Unrealized Loss: $124M
What This Means: WLFI Crypto Portfolio is down ~$124M, but they are buying the dip instead of panicking. This could be a strategy to accumulate more potential coins at lower prices. Instead of worrying, look for strong projects and accumulate wisely!#CryptoCPIWatch #FollowTheLeadTrader #AltcoinETFsPostponed
🚨 According to technical analysis by MA, if #XRP breaks the $2.50 level tomorrow after the closed SEC meeting, we might see it reach its all-time high of $3.74 and rise to $15 by the end of the week.
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