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Day July 31, 2023

XRP Faces Challenges at $0.9 and 2,800 SAT Levels

XRP’s price has retreated from the $0.9 resistance level, indicating a bearish short-term trajectory. The $0.6 support zone, coinciding with the 50-day moving average, represents a key target for a potential pullback. If the $0.6 level holds, a rebound could occur, possibly leading to a breakout above $0.9. Such a…

Examining Tether’s Q2 Performance: A Strong Balance Sheet and Bitcoin’s Role

Tether has again demonstrated its immense profitability in the most recent quarter, underscoring its financial stability. In its Q2 financial report for 2023, the company revealed it holds over $3.3 billion in excess reserves, a figure that significantly bolsters the backing of its USDT tokens. According to the Q2 attestation,…

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