In a groundbreaking revelation, 21Shares announced a significant reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). In addition, the ETP provider listed ABBA on the Xetra exchange, effective March 12, 2025, aiming to make crypto investments more affordable and accessible.
Notably, 21Shares’ ABBA offers investors a cost-effective way to invest in both Bitcoin and Ethereum, with the added security of being fully backed by these two leading cryptocurrencies. Let’s now unveil how the latest development will provide advanced investment opportunities in Bitcoin and Ethereum.
21Shares Lowers ABBA’s Management Fees and Lists on Xetra
According to a press release, 21Shares, one of the world’s largest ETP providers, announced the reduction of management fees for its Bitcoin and Ethereum Core ETP (ABBA) to 0.49%.
Significantly, the fee reduction coincides with the listing of ABBA on the Xetra exchange, which took effect on March 12, 2025.
Hyperliquid (HYPE) is under pressure, down 16% over the past seven days as technical indicators increasingly point toward bearish control. Momentum has weakened sharply, with the Relative Strength Index (RSI) dropping below 40 and showing no signs of strong buying interest since late March.
At the same time, the Directional Movement Index (DMI) shows sellers gaining dominance, with a rising ADX suggesting a potential strengthening of the downtrend. As HYPE approaches key support levels, the market now waits to see if bulls can mount a recovery—or if further downside is ahead.
The ADX measures the strength of a trend regardless of its direction. Readings below 20 typically indicate a weak or range-bound market, while values above 25 suggest the presence of a strong trend.
With the current ADX moving closer to that 25 threshold, it suggests that trend strength is building—but hasn’t fully confirmed yet—indicating that traders should be on alert for potential continuation in price action.
Meanwhile, the +DI and -DI lines, which represent bullish and bearish directional movement, respectively, have shifted significantly.
The +DI has dropped sharply from 25.68 to 12.79, while the -DI has surged from 11.29 to 23.4, indicating that bearish momentum has clearly overtaken bullish pressure. This shift suggests that sellers are gaining control of the market, and unless the +DI line can reverse and regain ground, HYPE could be at risk of further downside.
Hyperliquid has seen its Relative Strength Index (RSI) fall significantly over the past two days, dropping from 63.03 to 39.39.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, ranging from 0 to 100.
Readings above 70 typically indicate that an asset is overbought and may be due for a correction, while readings below 30 suggest it is oversold and could be primed for a rebound. Levels between 30 and 70 are considered neutral, but directional shifts within this range often reflect changing momentum.
With HYPE’s RSI now sitting at 39.39, the indicator suggests weakening bullish momentum and growing bearish pressure. The fact that the RSI hasn’t touched or exceeded the 70 mark since March 24 signals a lack of strong buying conviction in recent weeks.
This would align with the recent drop in momentum indicators like the RSI and the growing bearish pressure seen in directional movement data.
However, if buyers manage to step in and shift momentum, HYPE could attempt to reclaim higher levels. A break above the immediate resistance at $12.19 would be the first sign of recovery, potentially opening the door for a move toward $14.77.
If bullish momentum accelerates, the rally could extend as far as $17.33, which would mark a full reversal of the current bearish structure.
XRP, the fourth-largest cryptocurrency by market cap, is heating up as traders go all in, betting on a major price surge. Over 70% of Binance traders are holding long positions, showing strong confidence in XRP’s future. Crypto analyst Ali Martinez highlights that if XRP stays above $2, it could gain momentum and soar 30% to $2.60.
But with so many traders piling into long positions, could a sudden price swing shake things up?
70% Traders Going Bullish on XRP’s Future
According to the data shared by Martinez, 4-hour XRP’s long/short ratio has reached 2.37, meaning that traders betting on price increases significantly outnumber those expecting declines.
Typically, a higher long/short ratio suggests that investors expect the price to rise. However, it can also indicate an overcrowded trade, which sometimes leads to sudden price swings if sentiment shifts unexpectedly.
Further, Martinez revealed that 70.33% of accounts were holding long positions, while only 29.67% were shorting the asset. This marks a strong tilt towards optimism among XRP traders.
Should Traders Be Cautious?
While the bullish sentiment is strong, traders should remain cautious. A high long/short ratio often increases the risk of liquidations, especially if the price moves against the majority.
According to Coinglass, XRP saw $3.1 million in liquidations in the past 24 hours. Long traders, who expected the price to rise, lost $1.73 million, while short traders, who bet on a price drop, lost $1.36 million.
If XRP’s price dips suddenly, leveraged long positions could be forced to close, leading to further declines.
XRP Aims for a 30% Surge
Further, Martinez suggests that the XRP price is showing strong signs of a potential rally. As per the Martinez 4-hour XRP price chart analysis, XRP is trying to break out of its current consolidation phase.
If the price stays above $2, it may attract more buyers, increasing momentum and pushing XRP toward its next major resistance at $2.60—a potential 30% jump from current levels.
Right now, XRP is trading around $2.09, down 2% in the last 24 hours, with a market cap of $121.8 billion.
The post XRP News: 70% of Binance Traders are Betting on XRP’s Price to Go Long! appeared first on Coinpedia Fintech News
XRP, the fourth-largest cryptocurrency by market cap, is heating up as traders go all in, betting on a major price surge. Over 70% of Binance traders are holding long positions, showing strong confidence in XRP’s future. Crypto analyst Ali Martinez highlights that if XRP stays above $2, it could gain momentum and soar 30% to …
