Pump.fun (PUMP) extends the decline from its record high of $0.0089, trading at $0.0053 at the time of writing on Thursday. The token native to the meme coin launchpad has trimmed most of the gains accrued in September, mirroring the risk-off sentiment prevailing in the broader cryptocurrency market.
Ripple (XRP) has been fluctuating between a narrow range of support at $2.83 and resistance at $2.93 on Thursday. The correction that began at the start of the week reflects weak sentiment in the broader cryptocurrency market amid mixed signals from key United States (US) economic data.
In our previous update, and as shown in Figure 1 below, we found for Bitcoin (BTCUSD) by using the Elliott Wave Principle (EW) that,
