Panic gripped Ripple holders after the price fell back to the $2 level, leading to a new wave of fear in the market. However, public mood reaching these extreme levels of fear often indicates the exact opposite of what traders expect, that is, it may support a bullish Ripple price outlook.
Sentiment data shows that the overall mood fell to the “extreme fear” level, while CoinMarketCap’s Fear and Greed Index fell to 16 and Ripple’s price fell from $2.20 to $2 from Wednesday to Friday, ending 3 days of selling pressure.
However, investor interest appears to be growing, as Ripple ETFs saw net new investments for the 15th consecutive day, totaling nearly $900 million, according to SoSoValue.
Total assets under management by these funds now stand at $861 million, indicating that small and institutional investors are bracing for a potential rebound. With fears rising and significant investment coming in, we could be in the early stages of a major trend reversal.
Ripple Price Forecast: Price forms bullish bearish channel pattern
Ripple price has rebounded from the support area at $1.95 and is now forming a series of gradually rising lows, indicating a possible trend reversal.
The next main level to watch is at $2.20, knowing that breaking through this resistance level and successfully retesting it will confirm the bullish reversal trend and pave the way for an increase towards $3 or higher.
Over the past 24 hours, the price of Ripple increased by 3.3% and trading volume jumped by approximately 90%. With growing momentum, the currency could be gearing up for a major breakthrough. As the general mood in the crypto market began to change, some promising new projects continued to gain momentum.
Project Highlights Bitcoin Hyper-HYPER Among these projects, this is an IPO offering the first layer two solution for the Bitcoin blockchain powered by Solana blockchain technology, combining the security of the Bitcoin blockchain with the speed and scalability of the Solana blockchain. Thus, Bitcoin Hyper offers new uses for Bitcoin (BTC), and investors have taken note, as evidenced by the multi-million dollar IPO raised so far.
Bitcoin Hyper gives investors the opportunity to earn an effortless return on Bitcoin.
Bitcoin Hyper was created to solve the scalability problem of the Bitcoin blockchain by providing Solana-powered infrastructure that reduces transaction fees and increases transaction speed.
The Bitcoin Hyper project stands out by providing a bridge between the Bitcoin blockchain and advanced applications, where Bitcoin owners can securely send their currencies to the Bitcoin blockchain and receive an equivalent amount directly on the high-speed Bitcoin Hyper network.
This provides access to decentralized finance (DeFi) tools and lightning-fast payment platforms, all without leaving the original Bitcoin blockchain.
For developers, the platform offers for the first time the ability to create scalable decentralized applications (dApps) on the Bitcoin blockchain, with performance similar to Solana blockchain technology. As adoption increases across major wallets and trading platforms, demand for Bitcoin Hyper could increase significantly.
Interested parties can purchase the currency before the subscription ends using Tether (USDT), Solana-SOL or Visa and MasterCard by visiting the official Bitcoin Hyper website and linking a compatible wallet such as the Best Wallet.
To visit the official Bitcoin Hyper website, click here
The article Ripple Currency Price Expectations (Ripple-XRP): A state of panic spreads as the currency’s price continues to fall, and this indicator indicates a possible huge rebound appeared first on Cryptonews Arabic.