XRP Outperforms in Thailand, FIL Sold in Shanghai
The post XRP Outperforms in Thailand, FIL Sold in Shanghai appeared on BitcoinEthereumNews.com. XRP led Thai markets with 5× gains and $8.2B in trading volume through August Shanghai court sold 90K FIL tokens, raising concerns over undervalued disposals FIL retests long-term support as AI demand boosts decentralized storage tokens Asian markets are leaning deeper into crypto, both in spot and perpetual futures. A new monthly report from Thailand’s SEC showed XRP has been the best-performing asset in the country through August, outpacing every other regulated class this year. Meanwhile, in China, a Shanghai court sold seized Filecoin (FIL) tokens at what may have been the bear market floor. XRP Tops Thailand Gains Ripple’s expanding partnerships and climbing exchange volumes have translated into standout returns for Thai investors. The SEC report shows XRP delivered a 5× rally over the past 12 months, cementing it as the top-performing major asset. Trading activity rose as well: August volumes were up 2.06% month-over-month to $8.2 billion. Related: First Spot XRP ETF Goes Live, XRPR Structured Under 1940 Act; XRP Holds $3.10 XRP to Lead in Asia? In the near term, crypto analyst Ali Martinez warned XRP could slip toward $2.78 if it fails to hold support near $2.96. Source: X Longer term, he projects a macro bull run that could take XRP beyond $10, especially if an altseason plays out before year-end. With an anticipated parabolic altseason before the end of this year, XRP is well-positioned to be the best-performing major asset in Thailand. Source: TradingView Shanghai Court Offloads 90K FIL Meanwhile, in the Shanghai court, the Baoshan District People’s Court, announced that it has successfully disposed of 90,000 Filecoin (FIL) tokens seized in a criminal case. The court located on the eastern coast of China noted that the move to offload the assets was motivated by cutting losses for the victims or the state. “Compared to…
The post XRP Outperforms in Thailand, FIL Sold in Shanghai appeared on BitcoinEthereumNews.com.
XRP led Thai markets with 5× gains and $8.2B in trading volume through August Shanghai court sold 90K FIL tokens, raising concerns over undervalued disposals FIL retests long-term support as AI demand boosts decentralized storage tokens Asian markets are leaning deeper into crypto, both in spot and perpetual futures. A new monthly report from Thailand’s SEC showed XRP has been the best-performing asset in the country through August, outpacing every other regulated class this year. Meanwhile, in China, a Shanghai court sold seized Filecoin (FIL) tokens at what may have been the bear market floor. XRP Tops Thailand Gains Ripple’s expanding partnerships and climbing exchange volumes have translated into standout returns for Thai investors. The SEC report shows XRP delivered a 5× rally over the past 12 months, cementing it as the top-performing major asset. Trading activity rose as well: August volumes were up 2.06% month-over-month to $8.2 billion. Related: First Spot XRP ETF Goes Live, XRPR Structured Under 1940 Act; XRP Holds $3.10 XRP to Lead in Asia? In the near term, crypto analyst Ali Martinez warned XRP could slip toward $2.78 if it fails to hold support near $2.96. Source: X Longer term, he projects a macro bull run that could take XRP beyond $10, especially if an altseason plays out before year-end. With an anticipated parabolic altseason before the end of this year, XRP is well-positioned to be the best-performing major asset in Thailand. Source: TradingView Shanghai Court Offloads 90K FIL Meanwhile, in the Shanghai court, the Baoshan District People’s Court, announced that it has successfully disposed of 90,000 Filecoin (FIL) tokens seized in a criminal case. The court located on the eastern coast of China noted that the move to offload the assets was motivated by cutting losses for the victims or the state. “Compared to…
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