The crypto market is undergoing a severe shake-up with the Ripple price falling to the $3.00 area, and investors are wary. Meanwhile, the Ethereum price is in profit, with the altcoin trading above the $4,500 mark and gaining the interest of traders.
Also, Unilabs (UNIL) is emerging as a hot contender, offering innovative DeFi features and impressive growth potential. Early entrants into its crypto ICO have realized returns of more than 100%. Unilabs’ presale is in the sixth phase of its presale and has already raised more than $13 million.
Ripple (XRP) Price Plummets, Enters Dezone
The Ripple price has lost all of its recent gains earned on Thursday when its value soared to $3.34. Data from CoinMarketCap shows the Ripple price has dropped by 5.0% on the weekly timeframe.
The altcoin price is currently trading close to the $3.00 mark, the last support, which could prevent more downside. A drop below this level could see the Ripple price drop to the 78.6% Fib level at $2.94, setting a new weekly low.
Patrick Riley, a technical analyst, has warned traders about the present Ripple price setup. He added that the macro picture of the Ripple price is very bullish, but the micro trend has a rising wedge pattern, which is bearish.
He also pointed out that former support has now turned into resistance, adding another layer of caution for traders watching the Ripple price. Despite these short-term concerns, Riley clarified that he still holds his position.
He explained that he will stay in XRP until a clear direction is established, emphasizing patience. According to him, the Ripple price will eventually break through resistance, but traders should be prepared for the possibility that the decisive move might not happen just yet.
Ethereum (ETH) Targets Upside Amid Pullback
Man of Bitcoin, a top analyst, has pointed out that the Ethereum price has broken below micro support, marking the first signal that a local top could be forming. He explained that the pattern in the circled wave-iii to the upside, visible on the 4-hourly timeframe, is now technically complete.
The Ethereum price might witness a pause or potential reversal in the short term. However, he also noted that the bullish scenario is not entirely off the table. He remains optimistic as long as the Ethereum price remains above $4,158.
Reacting to the latest Ethereum price movement, MANDO CT believes the rally is not yet over. According to the analyst, the Ethereum price chart is beautiful and has potential for more upside. The analyst added that it is only a matter of time before the altcoin soared to $10,000.
In the meantime, CoinMarketCap data reveals that the Ethereum price has soared by 16.4% in the weekly chart. The altcoin is still trading in the green zone despite the ongoing correction in the market.
Unilabs (UNIL): Beating Memecoins with Actual Utility And AI Tools
One of the new DeFi projects gaining a head of steam in the crypto market is Unilabs (UNIL). Known for its AI-powered employees, the project seeks to make hedge fund investments much cheaper and accessible. Although memecoins can soar in price due to hype and celebrity promotion, they are generally not useful or sustainable because they do not have a real purpose.
In contrast to memecoins, Unilabs provides several sources of income. One of them is the 122% APY staking. There are also diversified AI-driven investment funds and sophisticated portfolio management tools, like the Early Access Scoring System (EASS).
Meanwhile, Unilabs has a memecoin detection tool that actually capitalizes on this volatile segment by scanning for early-stage meme tokens with strong liquidity, virality, and listing potential. Such an approach allows investors to enter promising plays early while mitigating the risks through AI-backed analysis.
Its presale success, raising over $13 million at a token price of $0.0097, demonstrates strong investor confidence. If it captures even a fraction of the market share of leading DeFi protocols, analysts predict a token value surge.
What Are The Best Altcoins To Watch Now?
The Ripple price could drop below $3.00. So, investors are shifting focus to Ethereum and Unilabs. These altcoins have produced a terrific price performance in the last few weeks and could see more upside once market momentum improves. Meanwhile, Unilabs’ 50% bonus is currently on. Investors have to use the code CMC50 on all purchases to receive the bonus.
Find out more about the Unilabs (UNIL) Presale Today:
Website: https://unilabs.finance/
Telegram: https://t.me/unilabsofficial
