XRP issues urgent alert, key SHIB price level revealed to bulls, Solana trading volume surges 40% as golden cross forms — Cryptocurrency News Summary
XRP Ledger Foundation Issues Emergency Upgrade Alert
XRPL node operators and developers issued an important alert as new developments unfold on XRPL.
- XRP Alert The XRP Ledger Foundation has issued an emergency notice, urging XRPL node operators to take action.
In a recent tweet, the official XRP Ledger Foundation released an emergency upgrade alert, reminding node operators on XRPL to upgrade after the release of version 3.0.0.
According to the XRP Ledger Foundation, XRPL v3.0.0 introduces several amendments that are not yet enabled, including LendingProtocol, DynamicMPT, and fixDelegateV1_1. The code for these amendments is essentially complete but voting has not yet been opened.
Given this, we urge node operators to upgrade as soon as possible to ensure service continuity. More importantly, we encourage node operators and developers to test the above amendments in standalone mode to detect vulnerabilities early and reduce activation risks once voting is enabled.
- Consensus The XRPL consensus model allows for safe testing of proposed changes in a standalone environment before enabling them on the actual network.
One advantage of the XRP Ledger consensus mechanism is that node operators and developers can test the behavior of rippled by running servers in standalone mode before fully enabling proposed modifications on the production network.
The rippled v3.0.0 release also includes several core ledger improvements and amendment fixes. Among them is a token custody fix that addresses a vulnerability found in the original amendment.
SHIB Faces Increasing Downward Pressure as Liquidation Levels Tilt Against Bulls.
Shiba Inu coin dropped to such levels that leveraged longs are being forced out, rather than driven by hype.
- SHIB Price Targets The price level causing maximum loss for SHIB bulls is around $0.00777, while the level causing losses for bears is higher, around $0.0086.
According to CoinGlass data, the price level causing maximum loss for SHIB bulls is around $0.00777, while the level causing losses for bears is higher, around $0.0086. The current price is trading near $0.00816, which means the forced liquidation zone on the downside is getting closer. This is crucial, as prices often move toward the nearest group of traders who may be forced to exit the market.
- Price Warning. If the price slowly slips into this zone, liquidation-driven selling could prolong the downward trend as pressure continues to mount.
A drop of less than 5% could trigger forced liquidations for longs. On the upside, a rise of more than 5% and stronger buying pressure would be needed to start impacting shorts. Therefore, the only obvious feature of Shiba Inu token at present is the imbalance between supply and demand, with downward pressure more easily triggered than upward pressure.
If the price briefly falls into the $0.0077-$0.0078 range and selling quickly stops, weak long positions will be cleared out and the price may stabilize. This is typically how short-term bottoms are formed. If the price slowly slips into this range, continued liquidation-driven selling could further increase downward pressure.
Solana Trading Volume Surge and Golden Cross Signal Renewed Bullish Momentum.
Solana's price [soared]possibly due to a surge in trading volume, forming a highly promising golden cross pattern.
- SOL Trading Volume Surge Solana's trading volume surged by 40%, indicating increased attention from both retail and institutional investors.
Solana's trading volume surged by 40%, indicating that both retail and institutional investors are paying more attention to the token. As SOL price shows signs of recovery, investors are gradually refocusing on the token.
After several days of low trading, SOL price rose 1.6% in the past 24 hours to reach $132.9. Meanwhile, technical analysis shows the formation of a golden cross, which is typically considered a highly bullish pattern.
Golden Cross Alert. This pattern indicates that short-term momentum is beginning to surpass the broader market trend.
Typically, a golden cross pattern occurs when the short-term moving average crosses above the long-term moving average. This suggests that short-term momentum is exceeding the long-term trend and often signals continued price increases.
The accompanying 40% surge in trading volume further reinforces this signal. This is because it indicates strong buyer confidence and increased market participation. Earlier this year, a golden cross on the Solana price chart also pushed prices higher, with SOL approaching $200 to $228 at different times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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