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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
3 Altcoins to pay attention to before the Fed's decision on cutting down the whales.
The decision to cut interest rates by the Federal Reserve (Fed) is approaching, with only a few hours left. Traders are currently debating whether this move will be 25 basis points, 50 basis points, or no change at all. This uncertainty has created an atmosphere that is both cautious and excited. However, in this context, three notable altcoins have stood out ahead of this significant event.
Each coin is recording strong cash flow from large investors, while also forming bullish chart patterns that could drive the next rally.
Clearpool (CPOOL)
Clearpool, a project focused on lending against real assets (RWA), is currently trading at $0.155. Although the price has fallen by 1.2% over the past week and 12% over the past month, it still reports a 40% increase over the last three months. Strong accumulation is ongoing.
The top wallets in the top 100, including major investors and whales, have added 25.21 million CPOOL over the past seven days, equivalent to approximately 3.91 million USD at current prices. This increase has led to a decrease in balances on exchanges by 10.8 million CPOOL.
The decrease in the balance on the exchange by only 10.8 million compared to the 25.21 million added by large investors indicates that retail investors and smart money may be pulling out, although the whales continue to accumulate.
Technically, CPOOL is forming an inverted head and shoulders structure. Resistance at the neckline is located at 0.181 USD, with the next obstacle at 0.193 USD. A breakout above these levels could predict a bullish trend towards 0.240 USD, based on the forecast from the head to the neckline.
Overall, the accumulation on-chain, the balance on the exchange falling, and the momentum indicators supporting make CPOOL one of the notable altcoins ahead of the Fed's decision.
Hyperliquid (HYPE)
Hyperliquid (HYPE) has become one of the notable altcoins after Circle announced plans to expand USDC to its validators, providing the project with strong momentum. However, the price action in the short term remains quite bleak. HYPE is currently trading near $54, unchanged over the past seven days, although it has still increased by 25% in the past month.
Retail investors may feel disappointed with this lack of price movement. The on-chain cash flow indicates that retail wallets have been continuously selling, with a net outflow last week reaching 101.21 million USD. This figure now stands at only 19.04 million USD — a fall of 81% — indicating that selling pressure has increased. Retail investors may have exited during the volatile period, but they might be missing out on what large investors are preparing.
Despite pressure from retail investors, prices did not adjust over the past week, and the overall pressure still supports buyers. The whales may be the reason for this.
Cardano (ADA)
Cardano, one of the leading Layer-1 networks, is currently trading at 0.87 USD, moving sideways over the past week and down 3.6% for the month. However, over the past three months, ADA has still increased by 47%. This lackluster short-term action comes just as the Fed's decision on cutting down the whales is approaching, and the whale wallets are quietly preparing for a potential breakout.
On-chain data shows that the largest group — holding over 1 billion ADA — has added 60 million ADA since September 9, bringing their total to 1.94 billion. Another large group holding between 10 million ADA and 100 million ADA has added 40 million ADA just in the past 24 hours, raising their total to 13.05 billion. In total, 100 million ADA has been accumulated in less than a week — worth about 87 million USD at current prices.
The signal is the completion of the cup and handle pattern of ADA. The token has broken above the upper trend line of the handle, suggesting that the consolidation may be coming to an end.
The deactivation is at $0.78, the lowest point of the cup. The RSI divergence also supports this structure: between August 21 and September 15, ADA made higher lows while the RSI made lower lows, a hidden bullish signal. With whales participating and the Fed's interest rate cutting down potentially adding fuel, ADA's pattern looks ready to become one of the notable top altcoins ahead of the Fed's interest rate cut decision.
Mr. Giáo