XRP Ledger Considers Integrating Staking to Boost Network Utility

The post Developers of Altcoin Traded on Binance Reveal Reason for Major Price Drop – “Legal Process Has Begun” appeared on BitcoinEthereumNews.com. Private computing network Nillion explained that the sharp volatility seen in the NIL token price yesterday was caused by a market maker selling a large amount without authorization. The company stated that the party in question did not respond to any communication from the team during and after the sale. Nillion announced that it initiated a buyback process immediately following the incident, using funds from the treasury. It also stated that it had worked with exchanges to freeze accounts related to the sale and initiate legal action against the person or institution responsible. The company maintained that such unauthorized transactions occur from time to time in the crypto space, but that they would not remain passive this time. Nillion also announced that any funds recovered from the unauthorized token sales would be used for additional buybacks. NIL price has lost 36.3% of its value in the last 24 hours and is trading at $0.118 at the time of writing. Chart showing the decline in the price of NIL. NIL broke its all-time high price record at $0.95 about 8 months ago and is trading 87% lower than that record level at the time of writing. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/developers-of-altcoin-traded-on-binance-reveal-reason-for-major-price-drop-legal-process-has-begun/

PANews reported on November 21 that Gate Alpha will launch its 113th Trump Points airdrop at 18:00 (UTC+8) on November 21. This airdrop will use a tiered system with different tiers. Users holding 130 ≤ Gate Alpha Points ≤ 166 will receive 0.9 Trump Points, consuming 12 Gate Alpha Points; users holding ≥ 167 Gate Alpha Points will receive 4.5 Trump Points, consuming 15 Gate Alpha Points. The top 4 gainers on Gate Alpha today are: DankDoge (932.43%), NOTHING (259.94%), STORM (225.72%), and DIRECTOR (141.99%). Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, and OP. It also enables seamless trading of tokens across the entire chain through the contract address search function, opening up cross-chain transaction links and allowing users to access all on-chain tokens with a single click.

XRP price started a fresh decline below $2.050. The price is now struggling and faces resistance near the $2.050 pivot level. XRP price started a fresh decline below the $2.050 zone. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.00. XRP Price Dips Further XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.050 and $2.020. There was a move below the $2.00 support level. A low was formed at $1.957, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.141 swing high to the $1.9575 low. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.050 level and the 50% Fib retracement level of the downward move from the $2.141 swing high to the $1.9575 low. The first major resistance is near the $2.080 level. There is also a bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair. A close above $2.080 could send the price to $2.120. The next hurdle sits at $2.150. A clear move above the $2.150 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.250 resistance. The next major hurdle for the bulls might be near $2.320. More Losses? If XRP fails to clear the $2.080 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.920 level. If there is a downside break and a close below the $1.920 level, the price might continue to decline toward $1.880. The next major support sits near the $1.8450 zone, below which the price could continue lower toward $1.80. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.950 and $1.920. Major Resistance Levels – $2.050 and $2.080.