Ripple (XRP) price stabilizes above its $2.00 support during the late Asian session on Tuesday. An attempt to break out of the consolidation range the previous day left more long than short positions liquidated, dampening market sentiment. Still, XRP bulls can redeem themselves and resume the uptrend, targeting $3.00 amid growing risk appetite among the whales and declining exchange inflows.
Stacks (STX) price is extending its gains by 9%, trading around $0.76 at the time of writing on Tuesday, following a 10% rally the previous day. On-chain data paints a bullish picture, as STX open interest and trading volume are rising. The technical outlook suggests a continuation of the rally, targeting the $0.84 level.
Ethereum (ETH) is down 1% on Monday following a proposal by co-founder Vitalik Buterin to replace its current Ethereum Virtual Machine (EVM) smart contract language environment with a more “efficient” RISC-V.
