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\n\t\t\t\t\t\t\t\t\tHere’s everything most interesting surrounding XRP, BTC, and ADA. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ripple\u2019s cross-border token is down 14% for the week, but the company continues to score major wins in global expansion and important partnerships.<\/p>\n
Bitcoin (BTC) has also plunged substantially, with numerous popular analysts expecting further declines, while Cardano (ADA) collapsed to its lowest level since 2020.<\/p>\n
Several days ago, Ripple teamed up<\/a> with the Turkish crypto platforms BiLira, Bitexen, and Bitlo to boost adoption and usage of RLUSD. Later on, Mastercard expanded<\/a> its infrastructure to enable merchants and partners to settle transactions in multiple cryptocurrencies, including the USD-pegged stablecoin.<\/p>\n In addition, Ripple strengthened<\/a> its presence in the United States by opening an expanded office in Washington, D.C., while the spot XRP ETFs remained predominantly positive.<\/p>\n Despite the favorable news, XRP tumbled by 14% over the past week and currently trades at around $1.13 (per CoinGecko). Its poor condition mirrors the collapse of the broader crypto market, where Bitcoin (BTC) slipped to around $61,000 and altcoins like Zcash (ZEC) and Bitcoin Cash (BCH) nosedived by nearly 30%.<\/p>\n Another worrying factor is the recent whale activity. As CryptoPotato<\/em> reported<\/a>, this cohort of investors has sold or redistributed 50 million coins in the span of seven days, further spreading panic that could prompt smaller players to cash out as well.<\/p>\n The primary cryptocurrency has lost over $20,000 in the past month alone and recently dropped to approximately $61,000, its lowest mark since February. As of press time, it trades at around $62,800, representing a 15% decline on a weekly scale.<\/p>\n Unsurprisingly, the downward move has resulted in a wave of bearish predictions. Ali Martinez recently opined<\/a> that the plunge below $72,000 has put BTC in \u201ca vulnerable position,\u201d with the MVRV Pricing Bands suggesting the next major support lies between $50,000 and $54,000.<\/p>\n For his part, Ted labeled $49,000 \u201ca good bottom zone,\u201d comparing the scenario to the August 2024 low. Of course, the well-known crypto critic Peter Schiff was also vocal, envisioning<\/a> a $20,000 catastrophe if BTC breaks $50,000.<\/p>\n \u201cIt should be a quick fall below $20K, which should be a big enough drop to shake the conviction of long-term HODLers, causing many to finally throw in the towel,\u201d he added.<\/p>\n<\/blockquote>\n Cardano\u2019s native cryptocurrency is among the most heavily affected coins from the market crash. It fell to $0.15 (the lowest point since the end of 2020) before slightly rebounding to around $0.165.<\/p>\n One of the main factors in ADA\u2019s collapse was Charles Hoskinson\u2019s recent announcement. Cardano\u2019s founder said<\/a> he\u2019s \u201ctaking a break,\u201d while also warning about an upcoming \u201cwave of failures in the ecosystem.\u201d<\/p>\n The only positive recent development related to ADA is Cardano\u2019s partnership<\/a> with the Brazilian Olympic Committee (COB). However, it wasn\u2019t enough to stop the asset\u2019s free fall.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nBTC\u2019s Heavy Bleeding<\/h2>\n
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ADA\u2019s Meltdown<\/h2>\n
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