Early Moves Pay Off as XRP, CRV, and WIF Stabilize at Lows

XRP crashed a massive 12.31% in the past 24 hours as RLUSD launch nears.
WIF has nosedived a significant 21.13% while CRV dropped 5.13%.
CRV is one of the top performing tokens this month, up 273%.

XRP, Curve DAO Token (CRV), and dogwifhat (WIF) all fell sharply in the past 24 hours as the broader crypto market turned red. Bitcoin (BTC) also fell, losing $97,000 after failing to sustain the $100,000 level, prompting profit-taking from recent gains. According to CoinMarketCap data, dogwifhat (WIF), the fourth-largest meme coin in the crypto space, crashed 21.13% to $2.90 in the past 24 hours, while XRP fell 12.31% to $2.15. Similarly, CRV dropped 5.13% to $1.07.

Despite trading at weekly lows, these altcoins remain significantly up over the past 30 days, hinting at potential stability ahead.

XRP Price Prediction: Potential for Recovery?

As of this writing, XRP appears to have found support at the $2 level, signaling a possible bottom. If this support holds, the cryptocurrency could rebound and potentially approach the $3 mark soon.

Furthermore, the anticipated launch of the RLUSD stablecoin is generating a bullish sentiment around XRP. However, earlier reports indicated a possible downtrend after several daily candles closed below their previous day’s highs, which suggests increased selling pressure.

CRV and WIF Follow the Downtrend

CRV had an impressive rally this month, soaring 273.18% in the last 30 days and reaching a high of $1.338, its highest point since last year. However, it’s worth noting that CRV crashed after the UST and MIM de-pegging and suffered further losses due to the FTX exchange collapse. Data from DefiLlama shows that Curve Finance’s Total Value Locked (TVL) shrank from $23.84 billion in 2022 to $2.26 billion at present.

In the meantime, WIF has also experienced a substantial drop in the past 24 hours. It now seems to have found support around the $2.9-$3.1 range, which could be the bottom for this popular meme coin. On Monday, WIF hit a low of $2.5, its lowest price in weeks, but has since stabilized.

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