XRP has risen 4% to $2.60, driven by institutional confidence despite retail apprehension. Ripple's CEO Brad Garlinghouse and President Monica Long have highlighted XRP's pivotal role in the company's strategy. Ripple has rebranded its acquisition of Hidden Road to Ripple Prime, aiming to establish itself as a global prime broker in both crypto and traditional assets.
In contrast, Cardano (ADA) is experiencing technical challenges, with a potential 20% price drop looming after a death cross appeared on its chart. ADA is currently priced at $0.633, and its DeFi total value locked (TVL) has decreased by 20% to $291 million over the past month. Meanwhile, Bitcoin remains stable, trading between $110,000 and $115,000, as traders await a breakout to confirm October's low as a potential bottom.
XRP Climbs 4% as Ripple Rebrands, Cardano Faces Technical Pressure
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