The post Why Has Swiss Hedge Fund Exited XRP & Hedera To Move Into 1Fuel (OFT) and What Is It? appeared on BitcoinEthereumNews.com.

A Swiss Hedge Fund has exited its position in Ripple (XRP) and Hedera (HBAR) following the recent market downturn that rapidly caused their prices to decline. Instead, the fund manager has diverted its investments into 1Fuel (OFT), an emerging Web3 wallet that aims to simplify blockchain trading. With its highly-anticipated one-click solution, investors and traders can execute transactions across multiple blockchains without paying extra fees or juggling wallets. This feature is set to streamline blockchain trading in unprecedented ways. Let’s examine how 1Fuel can benefit this Swiss Hedge Fund. XRP reverses after failing to take out resistance at $2.7 XRP could not break past resistance at $2.7 during recent trading sessions due to sellers dumping the coin and forcing its price lower. Its inability to maintain bullish momentum has resulted in the bears hijacking control of price action, tipping the asset into a downfall. With the bearish influence on the Ripple coin growing stronger, XRP is now heading towards a key support area that will determine its performance in the near term. The first level within view is $1.9, and the next at $1.7. Failure to settle here will plunge XRP to $1.3. Due to XRP’s bearish state and investors losing money, a Swiss Hedge Fund is rotating funds into a more promising project, 1Fuel, before its public debut. As of now, XRP investors are down 26.24% in the last seven days, with the asset trading at $2.30. Short traders take over the Hedera futures market Hedera’s HBAR has been on a steady downtrend since January 17, 2025, after reaching a four-year high of $0.41. Since then, HBAR has fallen by 39% and is poised to continue to $0.20 as short traders take the reins in the futures market. HBAR’s long/short ratio paints a clearer picture of the bearish state…

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Filed under: News - @ February 7, 2025 3:11 am