XRP Had the Worst Day in Ages, Hyperliquid (HYPE) Awaits Volatility, What Pushes Stellar (XLM) Down? Crypto Market Review
Photo: U.Today
The cryptocurrency market remains under pressure, as most larger altcoins have corrected: large caps lost around 5% on average in the last 24 hours. Key levels have not been broken yet, but the overall trend is still bearish, despite yesterday's recovery. From a technical standpoint, XRP has moved further into a downtrend, driven by more liquidations of long positions. According to the Nov. 5 snapshot, more than $12 million worth of longs has been liquidated. While the number itself is not critical, the long liquidations suggest that the asset saw an influx of buying, but it was quickly shut down.
Source: U.Today
