Vee Finance, a decentralized finance platform, has officially confirmed its hack on Avalanche. On September 20, the hacker managed to transfer funds worth $35 million. In terms of assets, it was 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million). According to the report, the stablecoin was left untouched. As for the hacker, the report confirms that they have not yet transferred or processed the funds. The team is working to provide more details of the incident. Further,…
A rejection approximated at about $0.2250 was reflected on the XRP/USD pair prices, leading to a downward movement under the $0.2150 and $0.2100 zones. Although there was a significant upsurge in its price, the initial value was maintained at levels, not beyond the $0.2250 zone. It further encouraged the decrease reported to hold at the level of $0.2150 support.
Following this analysis, a downward trend was recorded that illustrated price maintenance below support levels of $0.2100 considered at the 100 hourly simple moving average (SMA). As a result, most buyers couldn’t stand the valued support at hurdle levels of $0.2080, and this led to a further decrease in price, resulting in low levels reaching $0.2031 support.
The Bitcoin Progress After its Rejection
The Bitcoin prices also assimilated similar actions based on its rejection. They recorded hurdles close to $8,450, and this was an analysis of a BTC downside of about 5%, resulting in support level breaks at the $8,080 zone. The BTC/USD pair recorded movements presented as an upside surge approximated over 5% based on hurdle levels between $7,700 and $7,800 and reached the $8,000 zone. However, future corrections anticipated a lowering in the value levels.
It followed the previous days’ establishment on the expected rise in price between levels of $7,800 all through $8,000. However, prices were recorded to surpass the $7,800 hurdle zone and closed over the pivot level of $7,700 and 100 hourly simple moving average.
Current XRP Progress
The current progress of the XRP shows retraces of increased movement towards the $0.2031 support level, although the previous support is close to $0.2080 and presents resistance at this zone. An in-depth comparison between the XRP hourly chart that was put against the USD hourly chart explained and illustrated the primary downward trend that showed support levels at hurdles of $0.2150. It meant the anticipation of an upsurge over $0.2080 to $0.2100 towards the $0.2120 support zones based on the current yields.
This indication proves the anticipated expectations of an imminent decline suggesting the XRP value could drop and eventually record a downside thrust that reaches levels below $0.2050. In light of this event, the decline could significantly continue below levels that show hurdles of $0.2000 and even reach $0.1980, which illustrate the presiding records of the starting points of new upsurge movements.