XRP Retail Still Up 60%—How Do Bitcoin, Ethereum Compare?

Bitwise's new XRP exchange-traded fund (ETF) is scheduled to launch on Thursday under the ticker 'XRP'. This marks a significant expansion of Bitwise's cryptocurrency offerings, which previously focused primarily on Bitcoin. The launch is anticipated to attract institutional investors and enhance market participation in the cryptocurrency sector.

XRP has experienced a significant decline, falling below the critical support level of $2.15. The drop is attributed to broader weakness in the cryptocurrency market and Bitcoin's recent 'Death Cross' pattern, which typically signals a bearish trend. This downturn occurs despite the absence of major catalysts influencing XRP's price directly.

Bitcoin fell below the $92,000 mark, trading at $91,500 after a 5% drop, marking a 17% decline over the past month. Market sentiment has shifted to fear as investors reassess risks following significant price fluctuations. Cameron Winklevoss suggested that prices under $90,000 may not last long, framing the current dip as a buying opportunity rather than a setback.

Analysts assert that the recent decline in Bitcoin's value should not be attributed to the US government shutdown or advancements in artificial intelligence. An onchain analyst noted that similar price drops in the past have often led to subsequent increases in Bitcoin's value, suggesting a potential for recovery.

Solana (SOL) has initiated a recovery wave, trading above the $132 zone and consolidating near $145. The price has surpassed key resistance levels, including $135 and $140, and is now above the 100-hourly simple moving average. If SOL can clear the $145 and $150 resistance levels, further upward movement is anticipated.

XRP's price action is currently following a corrective structure, indicating a potential drop toward the key support level of $2.03. As momentum cools and Wave 2 behavior unfolds, analysts suggest that the market may be preparing for one final dip before a shift to an uptrend. A decisive breakout above the $2.41 resistance level could invalidate this downward trajectory.

Mastercard is simplifying digital asset interactions for everyday users by introducing email-style wallet IDs through a collaboration with Polygon and Mercuryo. This initiative aims to enhance user experience by making cryptocurrency transactions more accessible and user-friendly.

Bitcoin whale activity has surged as the cryptocurrency's price has dipped below $90,000, marking a potential peak in trading activity for this year, according to analysts from Santiment. This increase in whale transactions comes amid a broader market downturn, raising questions about future price movements.