XRP, the “Weakest” of the Top 10 Cryptocurrencies, Could Soon Dump 20%: Analyst

Despite the recent recovery, a number of analysts say that XRP is primed to move lower in the coming weeks. One trader went as far as to suggest that the cryptocurrency is prepared to drop 20% in the next four weeks alone. XRP Is Preparing to Plunge, Analysts Say Bitcoin, Ethereum, XRP, and other top cryptocurrencies have mounted a strong recovery since last week’s crash. The recovery has convinced analysts that BTC, and thus altcoins, are primed to head higher. One trader explained that Bitcoin’s recent price action looks almost…

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On-Chain Data Shows Ethereum Usage Has Rocketed, Boosting ETH’s Bull Case

Ethereum is still down by over 80% from its all-time high, but that hasn’t stopped cryptocurrency users from increasingly adopting the asset. Rafael Schultze-Kraft (@n3ocortex on Twitter), the chief technical officer of blockchain analytics firm Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with more than one transaction has increased dramatically since the start of the year, reaching levels not seen since 2018. “Ethereum has seen a surge in usage in 2020. The number of new addresses involved in more than one…

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