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Gate Square New & Returning Creator Rewards are ongoing!
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Cryptocurrency Morning Report: XRP May Become a $2 Stablecoin; Coinbase Announces Four Cryptocurrency Reset Proofs; "$10,000 Zcash" Advocate Ends Speculation About ZEC Developer Scandal
The technical signals for XRP are contradictory: the daily chart shows a target price of $2.34, while the weekly chart indicates it could drop to $1.39, forming a liquidity-tight zone around $2.00. Coinbase Institutional points out four factors for the market reset: the resumption of ETF capital inflows, systemic leverage dropping to a multi-month low of 3%, balance in the spot order book, and options positions stabilizing and trending upward. On the other hand, Helius CEO Mert Mumtaz refuted reports of a large exodus of Zcash developers, calling it exaggerated panic and clarifying that the team has reorganized into a lab model and expanded, which helped ZEC recover some of its 10% decline to around $435.