Ether and XRP hold steady after Samsung earnings
By Jon Cuthbert- Ether and XRP traded little changed after Samsung reported stronger earnings.
- Samsung's operating profit jumped 250% from a year earlier.
- Crypto traders waited for fresh market and economic signals.
Ethereum (CRYPTO:ETH) and XRP (CRYPTO:XRP) traded flat after Samsung Electronics reported a 250% jump in quarterly operating profit.
The strong earnings lifted confidence in global markets, but major cryptocurrencies showed little movement during the session.
Analysts said stronger company earnings can improve investor confidence, but crypto prices still depend on economic data and interest rate expectations.
Bitcoin (CRYPTO:BTC), Ethereum and XRP all traded in a narrow range as investors looked for the next market catalyst.
Samsung's results were driven by strong demand for advanced memory chips used in artificial intelligence and data centres.
The session showed that crypto markets continue to react to broader economic news, even when digital asset prices remain steady.
At the time of reporting, Ethereum price was $1,899.95.
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