XRP Short Bias Lingers Amid Ripple Legal Hopes, DOGE Nears Death Cross as BTC Dominance Hits 4-Year High

Quick Summary:

Payments-focused XRP, which Ripple uses to facilitate cross-border payments, has risen over 3% to $2.24 in the past 24 hours primarily on hopes that the legal battle between blockchain company Ripple and the Securities and Exchange Commission (SEC) could conclude soon.

That said, long-term SMA crossovers are lagging indicators, reflecting the sell-off that has already materialized and have a mixed record of predicting price moves in the BTC and ETH markets.

Notably, the metric has increased from 55% to over 62% since the total crypto market capitalization peaked above $3.6 trillion in December.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: Bitcoin Markets XRP DOGE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 06:34:37 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26940799

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