XRP recovers from weekend massive decline after developers propose native lending on XRP Ledger
Ripple (XRP) surged past $0.50 on Monday, recovering from an eleven-month low of $0.4188 reached on Saturday after XRP Ledger developers proposed a native lending protocol to help Ripple establish a foothold in DeFi, lending and borrowing for users.
Week Ahead: Crypto market volatility likely to come back as BTC halving looms
This week’s outlook is interesting since Bitcoin (BTC) has swept the range low on the daily time frame. This development, coupled with the upcoming halving event, suggests that a short-term correction play is in the works.
Going forward, investors need to monitor buy-the-dip opportunities closely since BTC tends to continue its bull run after halving.
Crypto let off steam rather than start a reversal
It was a non-boring weekend for the cryptocurrency market. Market sentiment swung sharply towards buying the dollar and selling stocks, gold, and cryptos on Friday afternoon. Also operating over the weekend, the crypto market accelerated its decline on Saturday, with capitalisation falling to $2.2 trillion (-18% from Monday's peak) but began to recover on Sunday and has risen to $2.42 trillion (-7% in seven days) at the time of writing.
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