Onchain data for XRP suggests that a surge to $3 is currently unattainable, highlighting market fluctuations and liquidity issues. Analysts urge caution, pointing to underlying challenges that could hinder substantial price increases in the near term.
Ethereum network activity has surged significantly as the cryptocurrency experiences a price rally, raising speculation about a potential bullish reversal. Analysts are closely monitoring transaction volumes and user engagement for further market insights.
Ethereum whale activity has seen a significant decline, with large transactions dropping by 63.8% since late February. This downturn raises concerns about market sentiment and liquidity as major investors retreat from the network.
Analysts suggest that Shiba Inu (SHIB) could see a significant surge of up to 50% if it manages to break through key resistance levels. Market sentiment remains volatile, but bullish momentum could drive the token higher in the coming weeks.