Dogecoin Bears Retreat as XRP Prepares for Major Technical Upgrade
Dogecoin Bears Retreat as XRP Prepares for Major Technical Upgrade
Dogecoin's market has seen a notable absence of bearish activity with zero short liquidations reported, indicating a standstill for sellers. Concurrently, XRP is gearing up for a significant bundled fix amendment, set to activate in the next 11 days, promising important technical improvements for the ledger.
Dogecoin's Market Sees Bearish Standstill
According to Utoday, the Dogecoin market has experienced a remarkable period with absolutely no DOGE short liquidations over a 12-hour window. This development suggests a temporary retreat or 'standstill' for bearish traders, raising questions about the current direction of selling pressure on the popular meme coin. The lack of short liquidations often indicates a market finding a floor or experiencing reduced downside momentum.
XRP Ledger Set for Crucial Upgrade
Meanwhile, the XRP ecosystem is anticipating a significant technical enhancement. A 'major fix upgrade' in the form of an 'important bundled fix amendment' is slated to go live in the coming 11 days. This countdown has begun, and the activation of this amendment is expected to bring vital improvements and stability to the XRP Ledger, potentially enhancing its functionality and performance for users and developers alike.