Financial Insights That Matter
Dogecoin (DOGE) continues to trade down around $0.24 after falling more than 7% in the previous week. The technical outlook suggests a further correction as DOGE’s momentum indicators reflect bearish divergences. Santiment data show that DOGE whale transactions are falling, indicating signs of weakness.
Bitcoin’s (BTC) price continues to edge down, trading below $96,000 on Monday after declining the previous week. Ethereum (ETH) and Ripple (XRP) prices followed BTC’s footsteps, declined more than 7% the previous week, and traded below their key support level, hinting at further correction.
Ripple’s XRP gained 4% on Friday following reports that investment firms Receipts Depository Corp and Digital Wealth Partners plan to launch XRP Depository Receipts in the United States. The receipts will offer investors exposure to XRP’s price, similar to exchange-traded funds (ETFs).
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