Platinum price formed some bullish waves, to hit $1355.00 level, to bounce quickly to settle below the barrier at $1342.00 level, affected by stochastic negativity, which approaches from 50 level as appears in the above image.
The stability of this barrier will force the price to delay the bullish attempts, to increase the chances for forming new bearish correctional waves to target $1290.00 level reaching 38.2%Fibonacci correction level at $1255.00, while breaching it will open the way for activating the bullish attack to target $1366.00 level initially reaching the resistance at $1400.00.
The expected trading range for today is between $1290.00 and $1342.00
Although the traditional spring harvest season is now over, in the humming workshop of a tea company in the city of Shengzhou, east China’s Zhejiang Province, the aroma of fresh leaves still lingers in the air, while workers operate machines in churning out batches of vibrant green tea.
More than 4,000 km away, Latifahtul Khoiriyah in Jakarta, Indonesia, took a taxi during her lunch break on a sweltering summer’s day, making this trip especially to try out the bubble tea of Chinese brand CHAGEE. This white collar worker in the finance sector learned about CHAGEE on social media like TikTok and Instagram.
“It tastes good,” she said, adding that compared with some other bubble brands, CHAGEE is less sweet, while its packages are of better design.
“Jasmine has a light and rich floral flavor which is extremely refreshing, while the Oolong tea has a deeper aftertaste of roasted cream,” said another customer named Raditya. “It is evident that high-quality tea is used in CHAGEE.”
Featuring diverse flavors, achieved by combining ingredients such as fresh fruits, tea leaves, milk and cheese, China’s new-style tea beverage has expanded its market rapidly in recent years, capturing the hearts of customers across China and also overseas.
Data released by iiMedia Research shows that in 2024, China’s new-style tea beverage market value exceeded 350 billion yuan (about 48.5 billion U.S. dollars) — up 6.4 percent from a year earlier, while the market value is expected to reach 374.93 billion yuan by the end of 2025.
This photo taken on July 15, 2025 shows a shop of CHAGEE, a Chinese bubble tea brand, in Jakarta, Indonesia. (Xinhua/Feng Yulin)
FRAGRANCE SPREADING OVERSEAS
A report by Nanfang Metropolis Daily suggested that Chinese new-style tea beverage brands began opening outlets overseas in the 2010s at an accelerating pace. According to the National Business Daily, by the end of last year, Chinese new-style tea beverage brands had opened more than 5,000 outlets overseas.
While various Chinese bubble brands could be seen in many Western cities such as London and Sydney, Southeast Asia emerged as one of their major markets.
HEYTEA, which boasts over 4,000 stores worldwide, launched its first overseas store in Singapore in 2018. Naixue opened its first overseas flagship outlet last year in Bangkok’s well-known shopping center Central World, sparking a frenzy among young consumers.
On April 11 this year, CHAGEE opened three outlets in Jakarta. By July 15, this number had grown to eight. In its PIK Avenue outlet, sales topped 10,000 cups in the first three days of its opening, while the number of membership registrations exceeded 5,000 within one week.
Mixue is arguably the most popular Chinese bubble tea brand in Indonesia with more than 2,600 outlets. By the end of 2024, Mixue had created jobs for about 12,800 people in Indonesia. According to Han Wenchao, who is in charge of operations at the Mixue Indonesian branch, they have about 250 staff members — of whom more than 96 percent are locals.
This file photo shows people lining up at a shop of Mixue, a Chinese bubble tea brand, in Sydney, Australia. (Xinhua)
REDEFINING TEA CULTURE
Chen Fuqiao, an associate researcher with the Chinese Academy of Agricultural Sciences (CAAS), noted that the popularity of new-style tea beverages reflected the aspirations of the people, especially the young, who favor healthy drinks and emotional release.
The new-style tea beverage has become a window for people to learn the traditional Chinese tea culture, he said.
According to a report released by the CAAS, 46.9 percent of young Chinese gain a better understanding of traditional tea during the consumption of new-style tea beverages, and 74.3 percent expressed willingness to try traditional tea after tasting a new-style tea beverage.
The rapid rise of such brands has reshaped the tea supply chain in recent years. China produces about 3 million tonnes of tea leaves each year — involving around 80 million farmers.
Soaring demand for raw tea materials has opened up new opportunities for making use of previously underutilized summer and autumn tea resources, Chen said.
People try new-style tea drinks at a teahouse in Tunxi District of Huangshan City, east China’s Anhui Province, on July 15, 2025. (Xinhua/Cao Li)
“We’ve invested tens of millions of yuan in three digital production lines,” said Xu Jie, deputy general manager of the Zhejiang Wafa Tea Co., Ltd. “Right now, we’re rushing to fulfill base tea orders for several domestic tea beverage brands.”
In the first half of 2025, Wafa Tea produced 1,300 tonnes of Longjing raw tea, supporting the development of 30,000 mu of tea gardens and generating over 40 million yuan in sales. Full-year sales are expected to exceed 70 million yuan, according to Xu.
“Longjing tea is one of Zhejiang’s most iconic products,” said Lu Debiao, a tea expert at the Zhejiang Provincial Department of Agriculture and Rural Affairs. “The integration of the Longjing brand with the booming new-style tea beverage sector has become a recent highlight, injecting new vitality into the traditional product.”
Staff members make new-style tea drinks at a teahouse in Tunxi District of Huangshan City, east China’s Anhui Province, on July 15, 2025. (Xinhua/Cao Li)
BENEFITING RURAL GROWTH
Located in Shengzhou, the largest Longjing tea-producing area in China, Wafa Tea’s development is a microcosm of the transformation of China’s tea industry.
Shengzhou is promoting a “three-season harvest” strategy across its 210,000 mu of tea gardens. In spring, farmers hand-pick high-end teas, while in summer and autumn, fresh leaves are harvested for targeted supply to new-style beverage makers and export processors.
This shift has helped raise annual income by over 3,000 yuan per mu, the local agriculture and rural affairs bureau revealed.
In addition to tea leaves, Chinese farmers are also reaping benefits stemming from other agricultural products.
Goodme, for example, has set up an avocado base in Menglian County of southwest China’s Yunnan Province, where the annual income of local farmers has been quadrupled from 12,000 yuan to 48,000. HEYTEA, meanwhile, has purchased matcha from Guizhou Province, also in southwest China, resulting in the scale of the matcha industry in the city of Tongren increasing by 15 fold in the space of three years.
People visit a tea garden in Anji County of Huzhou City, east China’s Zhejiang Province, on April 5, 2025. (Xinhua)
A newcomer to the bubble tea market, NO YEYE NO TEA, with more than 2,200 outlets across China, sources osmanthus flowers from Hubei Province in central China and gardenia flowers from Sichuan Province in the country’s southwest. “Last year we sold 7.4 million cups of osmanthus tea, using as much as 97 tonnes of flowers from the city of Xianning,” said Liu Dong, who is in charge of the company’s public affairs department.
In Sichuan, it has collaborated with the Longgushan tea company, which owns 1,000 mu of fields for the growing of gardenia. “Our collaboration encouraged local flower-processing enterprises to upgrade their production line, and gave rise to the growth of gardenia output — from 20 tonnes to 300 tonnes a year,” said Li Jialu, general manager of the company.
Zhu Hong, a villager from Qianwei County of the city of Leshan, started growing gardenia and jasmine four years ago. “Qianwei is famed for its flower industry, but my predecessors had never thought to become wealthy by growing flowers,” he said, while adding that his parents had once even tried to persuade him to throw away flower seedlings and change his profession.
However, the rise in popularity of new-style beverages boosted the price of gardenia in the county last year, when the market price reached more than 40 yuan per kg on average — amounting to about ten times the price in the past.
Thanks to this change, Zhu’s income from flower growing skyrocketed 20 fold last year compared with 2023. This enabled him to buy a new car, while he was also able to contract another 1,000 mu of land — 800 mu for growing gardenia and 200 mu for jasmine.
“Some of my friends even asked me for flower-growing tips,” he told Xinhua. “We have confidence in the prospect of new-style tea drinks.”
The Solana price today is trading around $169.05 following a short-term bounce from key support near $155. Despite climbing over 6% since August began, SOL now faces resistance from a confluence of technical barriers. Price remains below the Supertrend on the 4-hour chart and the 0.382 Fibonacci retracement level from the November–March swing, with $171.40 acting as the next hurdle for bulls.
SOL recently rebounded from a confluence of demand zones between $150 and $155, where the 4-hour chart shows a strong lower boundary of the falling parallel channel. Since then, price has been trading inside a rising short-…
Platinum price formed some bullish waves, to hit $1355.00 level, to bounce quickly to settle below the barrier at $1342.00 level, affected by stochastic negativity, which approaches from 50 level as appears in the above image.
The stability of this barrier will force the price to delay the bullish attempts, to increase the chances for forming new bearish correctional waves to target $1290.00 level reaching 38.2%Fibonacci correction level at $1255.00, while breaching it will open the way for activating the bullish attack to target $1366.00 level initially reaching the resistance at $1400.00.
The expected trading range for today is between $1290.00 and $1342.00
Platinum price formed some bullish waves, to hit $1355.00 level, to bounce quickly to settle below the barrier at $1342.00 level, affected by stochastic negativity, which approaches from 50 level as appears in the above image.
The stability of this barrier will force the price to delay the bullish attempts, to increase the chances for forming new bearish correctional waves to target $1290.00 level reaching 38.2%Fibonacci correction level at $1255.00, while breaching it will open the way for activating the bullish attack to target $1366.00 level initially reaching the resistance at $1400.00.
The expected trading range for today is between $1290.00 and $1342.00
After protein powders and weight-loss drugs, the next big entry in your wellness diary is customised gut health solutions. As every tiny process in the body touches the gut and its metabolic activity, more people are now looking for solutions that target it directly. The result is a surge in gut health brands that promise to fix your routine with personalised, actionable guidance — no more one-size-fits-all fixes. Gone are the days of simple probiotic drinks. Today’s gut wellness products offer multi-strain probiotics, prebiotics, enzymes and botanicals that claim to support not just digestion, but also immune health, cognition, and skin.
“There’s been a growing influx of gut-focused products – probiotics, prebiotics, digestive enzymes, fermented drinks, and even microbiome testing kits – in recent years,” said Sunil Kumar Jain, founder of IMeMyself, which offers a range of gut capsules.
“I used a gut health metabolic lean powder for close to eight months –– my cravings reduced, digestion improved, no constipation, and I even lost about three kilos without working out,” shared Aarthy Srini, 38, a Chennai-based IT professional.
Her husband Kartik Iyer tried a 14-day detox pack and said he “lost a few ounces of belly fat and it was visible”. “I felt light and fresh for at least a month after the cleansing,” said Iyer, 40, a finance professional.
What’s driving this gut-first movement?
As Indians become more aware of gut health, fuelled by post-Covid fitness consciousness, many no longer find generic advice acceptable.
“Today’s health-conscious individuals aren’t content with multivitamins and healthy diets. They want data-driven, personalised solutions. Gut health is one of the most natural ways to support overall well-being,” said Mukul Shah, founder of Guttify, an Ayurveda-inspired brand offering at-home gut testing kits and dietary guidance.
The gut microbiome, a complex ecosystem of microbes living in our digestive tract, isn’t just about digestion. It’s also linked to immunity, mood, metabolism and skin. “A balanced gut is increasingly seen as the foundation of good health –– and consumers are paying attention,” said Shah.
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Gut profiling, digital health tracking and personalised usage guidance are now part of the offering. “Pre and post-nutritional consultancy services help people approach gut support based on real lifestyle needs, not trial and error,” said Jain.
Most mass-market probiotic drinks include strains like Lactobacillus casei Shirota, known for aiding digestion and boosting immunity. “But they don’t take into account an individual’s gut type or offer truly customised recommendations,” said Dr Debojyoti Dhar, co-founder and director, Leucine Rich Bio (BugSpeaks), a gut microbiome testing platform.
Have you considered these for ypur gut? (Photo: Getty Images/Thinkstock)
“These newer methods complement old probiotics. While most people still benefit from basic probiotics for short-term relief, gut microbiome analysis and personalised care offer a more holistic, long-term path to metabolic balance, immune support, and mental clarity,” Dr Dhar said.
Doctors are also seeing more patients complain of chronic bloating, fatigue, skin issues and brain fog, symptoms that often trace back to gut health.
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“A healthy gut is increasingly being linked to better immunity, digestion, mental clarity, and even protection against chronic illness,” said Dr Vikas Jindal, consultant, department of gastroenterology, CK Birla Hospital, Delhi. “Consumers today are more proactive about preventing disease. With factors like stress, poor diets and antibiotic overuse damaging gut flora, specialised gut-support products are becoming more mainstream,” he said.
For people with conditions like IBS or lactose intolerance, these formulations may ease symptoms and, over time, reduce the risk of metabolic or autoimmune conditions, Dr Jindal said.
Who is it helping?
Customisation and precision are key to the next wave of gut health innovation. “Brands now offer highly tailored solutions based on individual microbiome analysis rather than generic supplements. Stool samples are mailed in; in return, consumers get tracking apps, supplement regimens, and AI-powered diet charts,” Shah said.
Platforms like BugSpeaks use next-generation sequencing to map gut flora and flag imbalances tied to over 20 health conditions. “These tests turn raw data into personalised probiotic, dietary, and lifestyle advice,” said Dr Dhar.
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But supplements aren’t always necessary. “Fermented foods, fibre-rich diets, and herbs like triphala, licorice, and ashwagandha can naturally support gut health—depending on the individual,” Jain said.
Microbiome testing uses DNA sequencing to analyse hundreds of microbial species in your gut, employing machine learning to assess health risks and suggest specific remedies. These solutions are best suited for otherwise healthy individuals experiencing low energy, skin problems, stubborn weight, or brain fog. “They also consider cultural and dietary nuances specific to Indians,” said Dr Dhar.
According to Jain, this movement is more than a wellness trend, it’s a rediscovery of inner harmony. “With science and awareness converging, gut care is becoming a conscious, everyday habit,” he said.
Shah echoed that sentiment. “Gut health was once ignored, but now it’s part of a broader shift toward preventive, personalised wellness. The future of health is within,” he said.
The road ahead is long and fraught with challenges
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The rise of gut health brands is seen as a “positive step,” signalling a shift toward science-backed, preventive wellness. “These brands are making digestion less taboo and gut-supportive nutrition more accessible,” said Dr Jindal. India’s gut health market is expected to cross $18 billion in the coming years, driven by urbanisation, stress, poor diets and sedentary lifestyles. But Shah warned that most players still rely on over-the-counter D2C models that prioritise sales over genuine solutions.
The biggest challenge is gaining consumer trust. “People are overwhelmed by health advice on social media and from influencers, but few of these are grounded in actual health data,” Shah said.
“When marketing gets ahead of science, there’s always a risk. Some brands may overpromise or sell unregulated products with no clinical backing,” Dr Jindal cautioned.
Consumers need to be discerning and not fall for hype without evidence. According to Dr Jindal, responsible growth in this space can be a win for public health, but it requires regulation, transparency, and continued scientific research.
What can help you as a consumer?
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While gut products can help, they must be chosen wisely. “Not all probiotics and supplements are created equal. Strain type, dosage, and delivery matter. Always look for clinically tested ingredients and transparent labels. And because gut health is so individual, consult a doctor if you have any underlying health conditions,” Dr Jindal said.
These products should supplement, and not replace, a balanced diet, hydration, exercise and stress management, all of which are critical for gut health.
Natural solutions like curd, buttermilk, fermented foods and high-fibre meals remain the first line of defence. “These traditional practices are cost-effective and time-tested. But when there’s significant imbalance or a need for specific strains, targeted supplements can help,” Dr Jindal said. “The ideal approach blends the old and the new –– traditional habits with modern, data-driven tools.”
DISCLAIMER: This article is based on information from the public domain and/or the experts we spoke to. Always consult your health practitioner before starting any routine.
Dogecoin is drawing attention as its price inches closer to a 4-hour RSI level that previously acted as a catalyst for a significant 70% price rally. The RSI has recently dipped below the 30 threshold, a commonly observed indicator in technical analysis that often signals an oversold condition and potential for a corrective upward movement [1]. Traders are closely monitoring whether history might repeat itself, as this level has previously preceded substantial price surges in the asset.
Currently, Dogecoin is trading near $0.2245, with the $0.22 resistance level having been previously broken in July. The next key resistance is anticipated just above $0.23, which could become a critical price point if a similar upward move materializes [2]. The recent movement has been attributed in part to growing retail and speculative interest, particularly among traders using leveraged instruments such as 3x long contracts.
Although the RSI is a notable indicator, analysts caution that past price patterns do not guarantee future performance. The cryptocurrency market continues to be influenced by a wide range of factors, including macroeconomic shifts, regulatory updates, and overall investor sentiment. While the 4-hour RSI level is viewed as a potential trigger, no analyst has made definitive claims regarding the scale or duration of any potential rally [1].
Some forecasts, however, suggest a modest price increase over the next several months. These predictions, not tied to the RSI analysis, point to a potential price of $0.2231 in August 2025 and $0.2278 by January 2026, based on broader market modeling and investor expectations [3]. Such projections highlight the speculative nature of the market and should not be conflated with the RSI-driven technical analysis currently being observed.
The RSI for Dogecoin currently stands at 48.32, slightly below the neutral 50 level, indicating that bearish momentum is still dominant in the short term [4]. If the RSI were to drop below 30 again and the price follows suit, traders may interpret this as a potential signal to adjust their positions for a possible rebound.
Technical analysts continue to focus on this RSI level, given the asset’s historical behavior. While the RSI is widely used to detect overbought and oversold conditions, it is most effective when used in conjunction with other indicators and price action. The 4-hour RSI level remains a key focal point for near-term price direction, with historical data underscoring its potential significance [1].
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Source:
[1] Dogecoin Price Is Approaching 4HR RSI Level That Triggered Previous 70% Rally. (https://www.newsbtc.com/news/dogecoin/dogecoin-price-70-rally/)
[2] DOGE 3x Long / Tether Trade Ideas. (https://www.tradingview.com/symbols/DOGEUSDT.3L/ideas/?sort=recent&video=yes)
Bitcoin is entering a new era with the emergence of BTCFi—Bitcoin DeFi—which aims to transform the cryptocurrency from a static store of value into a dynamic, yield-generating asset. According to Tiger Research, BTCFi is inevitable due to a growing demand for capital efficiency, institutional adoption, and technological advancements that are making the Bitcoin network more programmable and scalable [1].
Over 14 million BTC—nearly 99% of the market cap—are currently sitting idle in wallets and cold storage, earning no yield [1]. In contrast, Ethereum has successfully integrated DeFi mechanisms such as staking and liquidity provision, where a significant portion of ETH is actively deployed in financial applications. BTCFi seeks to replicate this model on Bitcoin, enabling lending, staking, insurance, and other DeFi use cases that turn idle BTC into productive capital [1].
Institutional interest is accelerating this trend. The approval of spot Bitcoin ETFs in late 2023 and 2024 marked a turning point, embedding Bitcoin into mainstream institutional portfolios [1]. Institutions, which have historically viewed Bitcoin as a strategic reserve asset, are now increasingly seeking ways to generate yield on their holdings. With the BTCFi ecosystem offering returns ranging from 3–5% to as high as 10–20% annually, institutions are finding compelling reasons to deploy their BTC in lending, staking, and structured products [1].
The infrastructure supporting BTCFi is also maturing rapidly. Regulated custody solutions from Fidelity Digital Assets, Coinbase Custody, and BitGo now allow institutions to participate in DeFi while maintaining compliance [1]. Yield-bearing Bitcoin ETPs have already launched in Europe, with Valour’s BTCD ETP offering a 5.6% APR as of late 2024 [1]. Meanwhile, products such as BounceBit Prime combine traditional instruments like U.S. Treasury bills with Bitcoin yield strategies, structuring returns to align with institutional expectations [1].
Technological upgrades are further enabling BTCFi’s growth. The 2021 Taproot upgrade improved Bitcoin’s efficiency and privacy, while also enhancing smart contract capabilities [1]. New layer-2 solutions like BOB, Stacks, and Merlin Chain are bringing smart contracts and tokenization to the Bitcoin network. These platforms are supported by robust infrastructure, with protocols like Babylon and Merlin already securing billions in TVL [1]. Concepts such as BitVM are also advancing the possibility of Ethereum-style smart contracts on Bitcoin, with testnets potentially launching in 2025 [1].
The rise of tokenization standards like Ordinals and BRC-20 has also expanded Bitcoin’s utility. By the end of 2024, over 69.7 million Ordinal inscriptions had been created, generating significant miner fees and demonstrating strong demand for Bitcoin-based digital assets [1]. This trend has paved the way for more expressive uses of Bitcoin, including NFTs and DeFi applications.
The BTCFi ecosystem operates through a structured lifecycle, beginning with the tokenization of BTC via custodial or decentralized bridges. Once wrapped, BTC can be used across multiple DeFi layers, including lending, staking, insurance, and liquidity provision [1]. Protocols like SolvBTC and lstBTC facilitate cross-chain and structured yield strategies, while projects such as Botanix and Bitlayer are expanding Bitcoin’s programmability.
As the ecosystem grows, BTCFi is demonstrating the potential to become the foundation of a new financial system. Much like U.S. Treasuries underpin traditional capital markets, Bitcoin could serve as the base layer of yield in crypto finance, influencing lending rates and DeFi valuations [1]. The convergence of regulatory clarity, institutional demand, and technological innovation is creating a strong tailwind for BTCFi, positioning Bitcoin as not just a reserve asset, but a central pillar of decentralized finance.
Source: [1] [BTCFi Part 1] – The BTC Thesis: Why DeFi on Bitcoin Is Inevitable (https://coinmarketcap.com/community/articles/689170****68723f95d81ba9/)
Guwahati: Tea production in Assam and the country as a whole has seen a sharp decline in the month of June. As per the Tea Board of India’s latest report, the tea production in the country was down by 13.22 million kg in June 2025, as compared to the production in June 2024. Assam also saw its share of decline, with tea output going down by 7.36 million kg.
The all-India production of tea in June 2025 was 133.50 million kg, against the figure of 146.72 million kg in June 2024. Of the 133.50 million kg of tea, 55.21 million kg was produced by the big growers, while the remaining 78.29 million kg was contributed by small growers. Moreover, of the total tea production in June this year, 117.84 million kg comprised CTC, 13.82 million kg Orthodox, and 1.84 million kg comprised green tea.
In June 2025, Assam produced 68.55 million kg of tea, of which 34.23 million kg was the contribution of big growers, while 34.32 million kg was produced by small growers in the state. Again, in June 2025, the lion’s share of tea was produced in Assam, amounting to more than 50% of the total tea produced in the country. It is to be noted that Assam produced 75.91 million kg of tea in June 2024, thus amounting to a fall of 7.36 million kg in Assam’s tea production from last year.
The Tea Board report also stated that, in the first six months of 2025, the country as a whole produced 469.72 million kg of tea, of which Assam’s share was 200.48 million kg.
The fall in Assam’s tea production in June 2025 is attributed to the erratic weather, brought about by the spectre of climate change in this part of the country. The normal weather pattern in Assam is light to moderate rain in the nighttime and bursts of sunshine in the day, which is considered favourable for the production of bountiful and prime green tea leaves, the ingredient for manufacturing good-quality made tea.
An analyst has pointed out that XRP has seen a death cross on its MVRV Ratio, a potential sign that a steeper drawdown could be coming.
XRP MVRV Ratio Has Crossed Under Its 200-Day MA
In a new post on X, analyst Ali Martinez has talked about a crossover that has occurred in the Market Value to Realized Value (MVRV) Ratio of XRP. The “MVRV Ratio” refers to an on-chain indicator that tells us how the Market Cap of the asset compares against its Realized Cap.
The Realized Cap is a capitalization model that calculates the cryptocurrency’s total value by assuming the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. This is different from the Market Cap, which takes the current spot price as the same one value for the entire supply.
As the last transaction of any token is likely to denote the last point at which it changed hands, the price at its time could be considered as its current cost basis. Thus, the Realized Cap, which adds up this value for all coins, is essentially the sum of the capital that the investors have put into the asset.
Since the MVRV Ratio compares the Market Cap, which can be thought of as the current value held by the investors, against this initial investment, it provides a measure of the profit-loss balance of the market.
When the value of the indicator is greater than 1, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, it being under the cutoff implies the dominance of loss on the blockchain.
Now, here is the chart for the XRP MVRV Ratio shared by the analyst that shows the trends in its daily value and 200-day moving average (MA) over the past year:
As displayed in the above graph, the XRP MVRV Ratio has remained above the 1 mark (corresponding to 0% on the chart’s scale), suggesting the overall market has been in the green recently.
There have been some fluctuations within this profitable region, however, like earlier in the year when the metric witnessed a drawdown during which it slipped below its 200-day MA.
With the price surge in July, the indicator managed to recover back above the line, but after the latest decline, it has once again crossed below it. “The MVRV ratio flashed a death cross for XRP, suggesting a steeper correction could be underway!” explains Martinez.
It now remains to be seen how the cryptocurrency’s price would develop from here, given the formation of this bearish crossover.
XRP Price
At the time of writing, XRP is trading around $3.00, down around 6.5% over the past week.
