Ethereum

Cardano

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Cryptocurrencies <a href="https://u.today/xrp-cardano-ada-reveal-key-signal-for-traders-heres-what-to-know" rel="noopener noreferrer nofollow">XRP and Cardano (ADA)</a> are not left out of the recent market optimism, with the ETF anticipation fueling the largest surge in inflows since late 2021.
According to the most recent CoinShares<a href="https://jbutterfill.medium.com/volume-159-digital-asset-fund-flows-weekly-report-0103828f4a3d" rel="noopener noreferrer nofollow"> report</a>, digital asset investment products attracted $346 million in inflows in the previous week.
Notably, this is the largest weekly inflow in a nine-week run spurred by the anticipation of a spot-based ETF launch in the U.S. This run, remarkably, is the largest since the bull market in late 2021.
<blockquote>
 Digital asset investment products saw inflows totalling US$346m last week, the largest weekly inflows in this 9 consecutive week run. Bitcoin saw inflows totalling US$312m. Ethereum saw US$34m inflows last week, marking a decisive turn-around in sentiment.…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1729130965992357940?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2023</a>
</blockquote>
<a href="https://u.today/xrp-cardano-ada-trading-given-green-light-in-indonesia-details" rel="noopener noreferrer nofollow">XRP and ADA</a> saw inflows in the past week totaling $0.2 million and $0.6 million, respectively, alongside cryptocurrencies Bitcoin and Ethereum, which likewise saw inflows.
Bitcoin witnessed $312 million in inflows last week, pushing the year-to-date total to just over $1.5 billion, while short-sellers continue to capitulate.
Ethereum had $34 million inflows in this period, increasing the four-week total to $103 million, nearly reversing its run of outflows this year and signaling a decisive turnaround in sentiment.
<h2 id="xrp-ada-outlook">XRP, ADA outlook</h2>
On-chain data paints a promising outlook for XRP and Cardano, despite current price decreases.
At the time of writing, both XRP and Cardano were down 3.48% and 2.33% in the last 24 hours, respectively, mirroring general crypto market declines.
Increasing <a href="https://twitter.com/ali_charts/status/1728517545408217420" rel="noopener noreferrer nofollow">accumulation</a> is spotted among XRP whales, who recently purchased 11 million XRP, per on-chain data.
Also based on on-chain data, Cardano is trading at a major demand zone between $0.37 and $0.38, where 166,470 wallets purchased 4.88 billion ADA.
According to <a href="https://twitter.com/ali_charts/status/1729065108213535130" rel="noopener noreferrer nofollow">Ali</a>, a crypto analyst, with minor resistance ahead and solid support below, staying above this zone might pave the way for ADA to reach new yearly highs. If this support is lost, ADA might fall to $0.34 or $0.33.
In the event of an uptrend, ADA must close above $0.40 to advance toward $0.46.

XRP, ADA in Record-Breaking Inflow Surge — Largest Bull Run Since 2021

목차

U_Today

2023년 11월 27일에 게재된 다른 기사

Dismantling the Inferno: The End of a Notorious Crypto Wallet Draining Service

Japanese market embraces USDC as Circle and SBI set the stage for Web3

LUNC Soars to 3-Month High Post USTC’s Explosive Rally

Bitcoin Hater Peter Schiff Slams CNBC for Ignoring Gold Rally

Terra Classic Community Efforts Fuel Bullish Rise for LUNC and USTC

Bankless Co-Founders Propose Separation from BanklessDAO Amid Grant Controversy

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!