XRP is trading around $1.06, down 0.53%, as weak market sentiment keeps prices under pressure.
BitMEX co-founder Arthur Hayes believes a potential AI stock bubble burst could trigger Federal Reserve rate cuts, pushing investors toward risk assets like $XRP and $BTC . His view echoes billionaire Ray Dalio’s warning that AI stocks may be nearing a correction.
Technically, XRP remains bearish after slipping below $1.07, with $1.00 as the next key support. However, bullish Ripple developments could help the token reclaim $1.10.
Meanwhile, XRP ETFs recorded zero inflows on August 4, ending a four-day inflow streak, while rising short positions and a declining funding rate suggest traders are increasingly betting on further downside.
BitMEX co-founder Arthur Hayes believes a potential AI stock bubble burst could trigger Federal Reserve rate cuts, pushing investors toward risk assets like $XRP and $BTC . His view echoes billionaire Ray Dalio’s warning that AI stocks may be nearing a correction.
Technically, XRP remains bearish after slipping below $1.07, with $1.00 as the next key support. However, bullish Ripple developments could help the token reclaim $1.10.
Meanwhile, XRP ETFs recorded zero inflows on August 4, ending a four-day inflow streak, while rising short positions and a declining funding rate suggest traders are increasingly betting on further downside.