Bitcoin Faces 'Brutal Truth' as XRP Ledger Celebrates Stablecoin Milestone
Bitcoin Faces 'Brutal Truth' as XRP Ledger Celebrates Stablecoin Milestone
A prominent trader warns of a 'dead zone' for Bitcoin, predicting a potential drop to $90,000 if it falls below $104,000. Meanwhile, Ripple's President Monica Long has highlighted a significant milestone for XRP Ledger's largest stablecoin, fueling anticipation for upcoming announcements.
Bitcoin's Bearish Outlook and XRP Ledger's Milestone
Market analysts are casting a cautious eye on Bitcoin, with a top trader signaling a 'dead zone' where momentum quickly dissipates. This outlook suggests a potential decline to the $90,000 range should Bitcoin fail to hold the $104,000 support level, presenting a 'brutal truth' for investors.
In contrast, the XRP Ledger ecosystem is experiencing positive momentum. Ripple President Monica Long recently lauded a major achievement for the network's largest stablecoin. This milestone, coupled with expectations of significant announcements, indicates a period of growth and anticipation for the XRP Ledger community.