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A sudden crash in the TICS token has shaken confidence in Qubetics, the blockchain project that promised to bring together Bitcoin, Ethereum and Solana networks. Based on reports, the token plunged 97% after a failed airdrop launch. Investors who hoped for quick gains were left scrambling to understand what went wrong on July 30 and 31. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Technical Glitch Sparks Token Collapse According to Qubetics’ own statement, a “critical error” hit the vesting contract during the live airdrop. The plan was to unlock 10% of tokens right away and then release 90% over the next 90 days at a rate of 1% per day. At first, TICS surged 950% to hit $2.16. But once users saw far less than their expected share—some got only 1% instead of 10%—selling pressure kicked in hard. By the end of Thursday, the price had tumbled almost back to zero. The initial 10% of your $TICS tokens has been successfully distributed. The remaining 90% will be released gradually, with 1% delivered daily over the next 90 days. To successfully interact with your TICS tokens, it is essential to add the Qubetics custom network to your wallet.… pic.twitter.com/IR22LHAiXD — QUBETICS (@qubetics) July 31, 2025 Within hours, community forums lit up with cries of foul play. Many wallets showed a fraction of what they should have received. Heavy sell-offs by early holders made matters worse. Based on reports, the token’s crash was as much about panic selling as it was about the initial coding mistake. Community Accusations Grow Loud Rumors swirled that presale investors once bought in at $0.33 per token, with promises of a 20% bump on listing day. Instead, TICS opened its trading at $0.19 on July 24 and then slipped to $0.06 within a week. Some users accused the team of holding back tokens, while others claimed insiders dumped large amounts on the market. On X, dozens of comments called Qubetics “scammers” and accused the team of a “rug-pull.” Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert Team Promises Full Distribution In response, Qubetics said it will issue a full report on the mishap and ensure all eligible wallets get their full allocation. They stressed that the error came from Antier, the outside firm handling smart contracts, not the core team. The announcement reaffirmed their commitment to build a layer-1 network that aggregates the Web3 ecosystem. Roadmap items include cross-chain bridges and on-chain governance tools. Even now, the team insists that long-term holders will see value once the tokens flow correctly and the network goes live. It’s a big “if” for many investors, but Qubetics said it is sticking to its plan. Featured image from Unsplash, chart from TradingView

Based on reports, the altcoin market is heating up again and XRP is back in focus. Prices have climbed steadily, and some traders think a fresh wave of buying could push XRP far above current levels. The move in Ethereum and BNB has set the stage. Now everyone is watching whether XRP can follow. Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert Tight Range Could Fuel Breakout According to analyst Zach Rector, XRP has been trading in a narrow band just above $3.00. It recently sat around $3.15, giving it room to spring higher. Rector points out that a push above $3.25 could send XRP into the $4–$5 range “any day now.” $4-$5 XRP any day now. $7-$15 by 9/7. pic.twitter.com/75Brfp06pQ — Zach Rector (@ZachRector7) July 27, 2025 That jump would be about a 50% gain from today’s price. He even marks out a window from August 23 to September 7 for a bigger run toward $7 or higher. Ethereum’s surge is helping set the tone. Its price has climbed to about $3,940 while the market cap hit nearly $500 billion. BNB also made a splash, topping $850 for the first time. Those moves often drag other coins upward, and many believe XRP is next in line. Fibonacci Projections Based on weekly charts shared by Tony Edward of the Thinking Crypto Podcast, XRP has clear Fibonacci levels ahead. His targets range from $4.5 to $9.1. Those marks match up with Rector’s range, lending more weight to the idea that XRP is setting up for a big move. If XRP follows those lines, each level could act as a stepping stone. While Fibonacci is just one method, its overlap with Rector’s targets creates a story that traders can follow. It gives them clear numbers to watch and simple goals to aim for as the market moves. Related Reading: XRP ETF Approval Incoming? Analyst Eyes September-October Window Anything Can Happen Other market observers take a different take. They look back at XRP’s past rallies and figures current cycles could average out to about $20 per coin. In 2017, XRP rose a whopping 2,500%, which would imply a $30 peak today. In 2021 the altcoin jumped 500%, pointing to $7.70 as we speak. By averaging those two, a $20 target for this season could be on their crosshair. Even with bullish charts, risks are still there. Regulatory news around Ripple and the SEC can send prices tumbling overnight. If Bitcoin cools off or global markets turn sour, altcoins like XRP could get hit hard. Big holders also have power. If they decide to sell into strength, any rally could stall quickly. Featured image from Unsplash, chart from TradingView

On-chain analytics firm CryptoQuant has highlighted six indicators that could point to growing momentum in the altcoin market. These Altcoin Metrics Are Observing Positive Developments In a new thread on X, CryptoQuant has discussed about how the altcoins have been heating up since Bitcoin’s breakout to the new all-time high (ATH) in mid-July. Related Reading: PENGU Down 11%, But These TA Signals Could Point To Rebound At the forefront of this alt push has been Ethereum, the cryptocurrency second only to Bitcoin in terms of market cap. Since BTC’s high, ETH has broken out above the $3,000 level and has neared $4,000. The coin is still a distance away from its ATH of $4,800, but it’s getting closer. The hype around the cryptocurrency has been accompanied by major buys from Sharplink, the Strategy equivalent of ETH. the firm currently owns around 438,190 tokens of the asset. Since the altcoin rally has begun, BTC has only shown sideways action. A natural consequence of this has been that the number one digital asset has lost market dominance. As is usually the case, the bullish momentum in the market has brought in speculative interest from the investors. From the below chart, it’s apparent that the futures volume associated with Ethereum and the altcoins has seen a strong surge. The combined futures trading volume of the altcoin sector has recently hit the $223.6 billion mark, which is the highest level in five months. While attention has poured into the alts, it has shifted away from BTC. “Altcoins and ETH now make up 83% of total futures volume, with Bitcoin accounting for just 17%,” notes the analytics firm. Earlier in the year, BTC was sitting at a peak futures volume dominance of more than 50%. Most of the 424 futures pairs on cryptocurrency exchange Binance have seen a positive percentage change since BTC’s ATH. The final metric shared by CryptoQuant is the Bitcoin Retail Investor Demand. It measures, as its name suggests, the amount of demand for the asset that exists among the retail cohort. Related Reading: $141,000 Could Be Next Key Bitcoin Resistance If Price Breaks Higher, Report Says Since these holders tend to have relatively small holdings, the indicator uses the transaction volume associated with transfers valued at less than $10,000 as a proxy for the activity among them. As displayed in the above graph, the 30-day change of the Bitcoin Retail Investor Demand has turned positive recently, which suggests small hands are showing interest in the market. The analytics firm describes the trend as a “signal we’ve seen before major rallies on both Bitcoin and Altcoins.” ETH Price At the time of writing, Ethereum is floating around $3,770, up around 2% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

A fresh move by the SEC could clear the path for the first US spot ETFs tracking altcoins like XRP. Traders and investors are watching closely as new rules aim to speed up approvals by late 2025. This change comes just months after in-kind creation and redemption for crypto ETPs won the regulator’s blessing. Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert New Listing Standards Open Door According to the recent filing of the US Securities and Exchange Commission, any coin with at least six months of futures trading on a platform such as Coinbase’s derivatives exchange can qualify for an exchange-traded product. The six-month rule replaces a longer review process that could stretch into 240 days. Instead, exchanges can use a 75-day window once they file a rule change. This shift aims to simplify the path for an XRP ETF and similar products. The SEC’s “Listing Standards” for crypto ETPs is out via new exchange filing. BOTTOM LINE: Any coin that has futures tracking it for >6mo on Coinbase’s derivatives exchange would be approved (below is list). It’s about a dozen of the usual suspects, the same ones we had at 85% or… https://t.co/QlzZnta7Yv pic.twitter.com/CmBr8XxAcM — Eric Balchunas (@EricBalchunas) July 30, 2025 Developments around in-kind creation and redemption also matter. Based on reports from crypto lawyer Bill Morgan, this change lets authorized participants create or redeem ETF shares using actual cryptocurrency rather than cash. The revision slashes settlement costs and lines up crypto products with how gold and other commodity ETPs work. Market makers can now back ETFs with real tokens, cutting out extra steps. XRP ETF Odds Climb Bloomberg analyst Eric Balchunas has put the chance of an XRP ETF approval at 85% for September or October 2025. He notes that once the six-month futures threshold hits for assets like XRP, Dogecoin and Solana, the path becomes much clearer. Prediction markets back his view, showing odds near 86% even after procedural delays. Balchunas and his team have tracked every filing and rule tweak. They say these updated listing standards are the last major barrier. With futures already trading for multiple altcoins, issuers need only get the final green light from the SEC. That could happen by early fall, he suggests. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Ripple Lawsuit And Deadlines A key hurdle remains the legal fight between Ripple and the SEC. Based on reports, both sides may drop appeals ahead of an August 15 status report deadline. If that happens, it would remove a major overhang on XRP ETF applications. The SEC has already extended Franklin Templeton’s review through the end of 2025, but this new filing hints those long waits might wrap up sooner. Legal experts like former SEC lawyer Marc Fagel believe a dismissal of appeals would clear one of the last big obstacles. Then only final SEC sign-off would stand between issuers and live trading. Featured image from Meta, chart from TradingView

According to comments from Ripple CTO David Schwartz, XRP is still at the heart of Ripple’s payments system, even as the company highlights its new stablecoin, RLUSD. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Ripple’s lead tech officer stressed that XRP remains the primary bridge asset in cross-border transactions—and that wider use of the XRP Ledger will keep boosting the altcoin’s utility and value. XRP Remains Core To Ripple Payments In a recent exchange, an XRP supporter pointed out that Ripple now mentions RLUSD more often than XRP. Schwartz replied that he doesn’t have the exact figures on hand, but he’s sure that Ripple uses XRP far more than any other digital asset for its payments service. I don’t have the numbers in front of me, but I’m pretty sure XRP’s use as a bridge in Ripple Payments dwarfs every other asset. I think stablecoins win for collateral use cases (volatile collateral is annoying) and edge use cases (volatility at the on/off ramps is also… — David ‘JoelKatz’ Schwartz (@JoelKatz) July 30, 2025 Based on reports, XRP still dominates as the bridge currency when moving money from one fiat to another. That role helps institutions send funds quickly and cheaply, even when market swings might make a stablecoin less ideal. Ripple launched RLUSD in December 2024 to meet demand for price stability. According to Schwartz, stablecoins like RLUSD make sense in use cases that depend on a fixed value—such as when firms use crypto assets as collateral or enter and exit markets without risking 5% swings overnight. He noted that Hidden Road, one of Ripple’s big partners that works with over 300 institutions, chose RLUSD as its main collateral asset in May 2025. That move shows RLUSD’s appeal for stability-focused tasks. Stablecoin Role Versus Altcoin Utility Schwartz drew a clear line between the two tokens. For tasks where price predictability matters most, a stablecoin helps avoid hiccups. But for the majority of payments, he believes a liquid asset like XRP does a better job—unless someone wants to avoid risk entirely. Holding major digital assets can capture upside, and XRP fits that need better than cash, he said. Adoption Drives XRP Demand Looking ahead, Schwartz stressed that real-world use of the XRP Ledger will naturally drive more demand for the crypto. As more projects and institutions tap into XRPL’s fast transaction speeds and low fees, they’ll need XRP to power each move. That design makes it harder to sidestep the coin’s native token than it is on other networks, where developers can wrap or bypass the base coin entirely. Schwartz’s remarks arrive amid community worries that XRP is being sidelined in favor of stablecoins. The choice by Hidden Road to back RLUSD raised eyebrows back in May 2025. Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert XRP’s Use Case But by highlighting how deeply XRP is woven into XRPL’s mechanics—and reminding investors that the altcoin’s volume still outstrips any other asset in Ripple Payments—Schwartz sent a clear message: XRP’s use won’t fade, even as stablecoins gain ground. Based on these comments, Ripple appears to be taking a two-pronged approach: use RLUSD where price stability is critical, and rely on XRP for its proven liquidity and built-in role on the ledger. That strategy could help keep both tokens busy in different parts of the crypto economy, ensuring XRP stays relevant even as new products emerge. Featured image from Unsplash, chart from TradingView

Crypto analyst Dark Defender has provided an update on his XRP price wave structure. He revealed that the altcoin is now in wave 4 and highlighted the targets and support levels that market participants should watch out for at the altcoin’s current price level.  Wave 4 For The XRP Price In Progress In an X post, Dark Defender stated that wave 4 is in progress for the XRP price. He added that the Relative Strength Index (RSI) also reflects the 4th wave consolidation. The analyst had also stated that the altcoin has completed Waves 1, 2, and 3. His accompanying chart showed that the altcoin could again retest the $3 support level as part of a corrective move to the downside.  Related Reading: XRP Won’t See Devastating Pullback Because ‘The Train Has Left The Station’ A successful hold above this support level, $3.07 specifically, is expected to trigger the next impulsive move to the upside for the XRP price. Dark Defender predicts that the altcoin could rally to as high as $5.8563 on this Wave 5 impulsive move. He added that the targets are $3.61, the current all-time high (ATH), and then $5.85, which would mark a new ATH for XRP.  Crypto analyst Javon Marks had also recently predicted that the XRP price could soon rally to a new ATH. He noted that the altcoin is holding well, far above the $2.47 support level, meaning that the next target is $4.804. The analyst added that a break above this $4.804 level could spark another rally to $7.138.  A rally to $7.138 will represent a surge of 128.78% from the current XRP price level. It is worth noting that the altcoin is already up over 35% year-to-date (YTD), rising to the third largest crypto by market cap in the process.  All Eyes On XRP’s Monthly Close In an X post, crypto analyst Egrag Crypto remarked that the focus is on the XRP price staying above $3.03 for the monthly close. He noted that a close above this level would mark the first-ever historical candle close above this level in XRP’s journey. As such, he declared that market participants could soon witness history in the making.  Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst If the XRP price achieves the monthly close above $3.03, Egrag Crypto stated that a rally to the Chasm at $8.9 is the minimum target for the altcoin in this market cycle. He also suggested that XRP could surpass this target and declared that this is where the “real fun” starts. His accompanying chart showed that a rally to as high as $32 was also on the cards.  At the time of writing, the XRP price is trading at around $3.14, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

A closely watched technical analyst says the outlook for altcoins will remain precarious until Bitcoin breaks through a well-defined ceiling between $120,000 and $123,000, arguing that the weekly chart still commands caution while momentum lags. Why Altcoins Are Still In The Danger Zone Kevin (@Kev_Capital_TA) framed the current setup bluntly: “This weekly BTC chart remains the most important chart out there for us to examine. While below the 120–123K zone and the weekly downtrending resistance on the weekly RSI I have to remain cautious.” He added that he would be “the most bullish person on the timeline” once those levels are cleared, but “until then we treat it for what it is and that is major resistance.” Kevin’s read ties the altcoin path directly to Bitcoin’s ability to punch higher. In a follow-up post, he warned that sentiment had flipped at precisely the wrong places: “Most of the #Crypto timeline got max bullish at 4 year historical resistance and was max bearish at major support back in April and even June.” Related Reading: Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign? The implication, he suggested, is to avoid chasing optimism under resistance and to “air on the side of caution while #BTC and Total 2/#ETH remain under these major levels.” By referencing Total2—the market capitalization of crypto excluding Bitcoin—and Ethereum, Kevin effectively argued that the broader risk-on impulse for altcoins is unlikely to sustain without a decisive Bitcoin breakout. Macro conditions are a swing factor in his framework, but not yet a catalyst. “The July FOMC was always going to be lack luster with not much stake,” he wrote, noting that two more rounds of data arrive before the September meeting and that “projections are roughly 50/50.” He pointed traders to Core PCE as the next waypoint, while reiterating that he’ll “be the most bullish” only if price and momentum confirm above the highlighted band. Until then, he plans to “manage risk properly and sit back and watch the show unfold.” Related Reading: Ethereum Open Interest Explodes To $28 Billion—Altcoin Rotation Begins: QCP Market structure and volatility may force the timeline. “#BTC getting ready to make a move soon after volatility has dropped off a cliff over the last week,” Kevin observed, underscoring that compressed ranges typically precede directional expansion. In his view, that expansion must come with a break of both price resistance and the “downtrending resistance on the weekly RSI” to unlock the stronger bullish case. Without that confluence, he sees the set-up as a classic trap for altcoins, which historically underperform when Bitcoin is capped and dominance grinds higher within ranges. Kevin’s stance, delivered across posts on July 30–31, amounts to conditional optimism: the structural bull case for the asset class remains intact only if Bitcoin proves it by clearing the $120,000–$123,000 zone and reversing its weekly momentum profile. “Just be careful who you follow folks,” he cautioned. “There is some good ones but a lot of bad ones.” For now, he remains explicitly cautious on altcoins while Bitcoin and the major breadth gauges sit beneath those levels, with the next decisive tests likely to be driven by the data cadence into September and a volatility breakout that finally chooses a side. At press time, the total altcoin market cap (TOTAL2) stood at $1.48 trillion. Featured image created with DALL.E, chart from TradingView.com

An analyst has pointed out how Pudgy Penguins (PENGU) is showing multiple TA signals that could hint that a rebound may be coming. Pudgy Penguins May Be Gearing Up For A Rebound In a new post on X, analyst Ali Martinez has talked about some signals forming in the hourly price of Pudgy Penguins. Below is the PENGU chart shared by Martinez, highlighting these bullish setups that have appeared recently. First, the Tom Demark (TD) Sequential has flashed a buy signal for PENGU. The TD Sequential is an indicator that’s used for locating points of probable reversal in any asset’s price. It involves two phases: setup and countdown. In the first phase, the setup, candles of the same color are counted up to nine, with the ninth candle marking a potential top or bottom for the asset. The countdown picks up where the setup left and goes on for another thirteen candles, before the price is considered to have arrived at another reversal. Related Reading: $141,000 Could Be Next Key Bitcoin Resistance If Price Breaks Higher, Report Says The TD Sequential has completed the former type of phase with nine red candles for Pudgy Penguins recently, which indicates that the cryptocurrency may be near or at a bottom. The second signal forming for the coin is the divergence between its price and its Relative Strength Index (RSI). The RSI keeps track of the speed and magnitude of changes occurring in a given asset. From the chart, it’s apparent that the metric fell into the area below 30 earlier. This zone corresponds to oversold conditions. It’s also visible, however, that it has since climbed back out of the region while PENGU has continued to decline. Such a divergence is usually considered to be a bullish signal. Lastly, the cryptocurrency is currently sitting near the support level of a short-term Parallel Channel. This pattern appears whenever an asset’s price consolidates between two parallel trendlines. There are three different types of Parallel Channels, but the version relevant here involves trendlines that are parallel to the time-axis. That is, the variant where the asset consolidates in an exactly sideways manner. The lower line of a Parallel Channel is assumed to be a source of support, while the upper one that of resistance. As such, given that PENGU is sliding down toward the bottom line of the pattern currently, it’s possible that it might find a turnaround. Related Reading: Bitcoin Buying Spree Ends On Coinbase: Temporary Pause Or Trend Shift? Given all these TA signals, a bullish rebound may be on the cards for the cryptocurrency. “All signs point to liftoff!” notes Martinez. It now remains to be seen how the coin will develop in the coming days. PENGU Price At the time of writing, PENGU is floating around $0.037, down 11% in the last seven days. Featured image from Dall-E, charts from TradingView.com

A new wave of buzz has hit the XRP community after an expert shared a teasing message on Twitter. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Crypto analyst Armando Pantoja, a member of the Benzinga Crypto Advisory Board, said he just got off a call with contacts in Washington, D.C. and hinted that XRP is “about to explode.” He couldn’t give details, but he left a clear sign that something big might be on the way. His words “Big Move Incoming” and the tip that holders of at least 1,000 XRP are already ahead of the curve have pushed traders to watch the token more closely. How 1,000 XRP Stands Out According to data from the XRP Rich List, there are about 6.8 million XRP wallets in existence. Close to 6 million of those are retail wallets holding fewer than 1,000 XRP. Only 10% of wallets hold more than 2,438 XRP. Those numbers suggest that owning at least 1,000 coins puts you well above the average holder. Based on analysis, even 3,300 XRP—worth around $9,000 at today’s prices—could place an investor among the top tier of XRP owners. Just got off a call with my insiders in DC… I can’t say much, but $XRP is about to explode. I don’t know exactly when, but soon. If you’ve got 1,000 XRP, you’re already ahead of the curve. This could be the move that changes everything. — Armando Pantoja (@_TallGuyTycoon) July 29, 2025 Insider Teases Big Move According to Pantoja’s tweet, the timing of the coming news might be tight. He didn’t spell out when his contacts expect the “explode” moment. At the time of writing, XRP was trading at about $3.14. That makes a 1,000‑token stack cost near $3,000. If Pantoja’s hint proves accurate, early buyers could see strong gains. But the lack of specifics means it’s hard to know whether he’s talking about new rules from US regulators, an institutional deal, or just fueling excitement. Varied Expert Price Targets Some believe XRP could rally more than 300x to exceed $1,000 per token. And some analysts even suggested that price could hit that level as early as next year. For instance, analyst Jake Claver of Digital Ascension Group estimated that 6,000 XRP would generate $300,000 in annual income at a $1,000 price, enough for a comfortable US lifestyle in many areas. If you own any XRP, I believe you’re already ahead of a whole lot of people. The key is defining what “rich” means to you. Here’s a clip from my last stream with @digitaloutlook3 For some, it’s freedom from a 9–5. For others, it’s funding a dream lifestyle with passive income.… pic.twitter.com/zBzWJcKi76 — Jake Claver, QFOP (@beyond_broke) July 22, 2025 On the other hand, other market observers have urged investors to aim for 40,000 or 50k XRP—currently worth over $150,000—while planning for more moderate price goals. Those forecasts differ widely, reflecting both hope and caution in the community. What’s Next For XRP? In the end, Pantoja’s tip and the on‑chain figures give retail holders reason to pay attention. But without clear details from his D.C. contacts, it’s hard to say if this is a signal to buy more or simply another wave of hype. Related Reading: Countdown To August 15: What XRP Investors Need To Know Investors thinking of adding to their stacks should set clear goals, watch their risk, and have a plan in case the “Big Move” never lands. Whether you hold 1,000 XRP or 50,000 XRP, now might be the time to rethink your strategy—and stay ready for whatever comes next. Featured image from Meta, chart from TradingView

Cardano founder Charles Hoskinson made headlines this week with a bold forecast. He told investors that ADA could rise as much as 1,000× from its current level. Bitcoin, he argued, has less room to run. His comments came as Bitcoin traded around $118,000 and Cardano lingered around $0.78. Related Reading: Bitcoin Ain’t ‘Better’, ADA Is, Cardano Founder Says Bold Claim On Returns According to Hoskinson, Bitcoin’s market cap of about $2.35 trillion leaves it with only a potential 10× upside to hit a $1 million price. By contrast, ADA sits close to $28 billion market cap. He said that a 100× move would bring ADA close to $77.90, while 1,000× would push it toward $779 per coin. Those figures imply a Cardano market cap around $27.5 trillion. It’s a gap so large that few expect it to close without major shifts in adoption or regulation. ????ADA can 1000X, Bitcoin can’t — Charles Hoskinson Charles says $BTC might 10x, but $ADA can go 100x or even 1000x.???? He mocked: “Oh sure, let’s sell ADA for Bitcoin… so we can make less money.”???? pic.twitter.com/YoZR6gUEzr — Coin Bureau (@coinbureau) July 29, 2025 Rising Debate Over Treasury Moves Based on reports, Hoskinson has also proposed converting up to $100 million of the ADA treasury into Bitcoin and stablecoins. The goal is to boost liquidity for a planned Cardano stablecoin. Some community members warn the move could trigger selling pressure on ADA. Others argue it would strengthen the ecosystem’s cash reserves. The plan has drawn criticism from inside and outside the Cardano camp, with BTC supporters calling for a full switch and ADA loyalists pushing back. Cardano’s Role In Bitcoin’s Future According to Hoskinson, Cardano could serve as a yield layer for Bitcoin, adding smart‑contract capabilities to the original chain. He said Cardano “does substantially more” than Bitcoin’s base protocol. If wallets and DeFi apps use ADA as collateral or for staking, he believes that could drive real‑world demand. Yet today’s dApp numbers still lag behind rivals like Ethereum, and developer activity remains well below industry leaders. Huge Numbers Highlight Gap Based on market caps, a 1,000× ADA rally would vault Cardano past the world’s biggest companies and many national economies. By comparison, Bitcoin shooting for another 10× gain would keep it in the same league it already dominates. The sheer scale needed for ADA to match those multiples has few precedents in financial history. Related Reading: Countdown To August 15: What XRP Investors Need To Know What Investors Should Watch According to market observers, the key signals will be developer growth, transaction volumes, and real‑world use cases. ADA holders will also track whether the treasury move happens and how it’s executed. Any large-scale asset swap could shake trader confidence. For now, Cardano’s community will weigh the promise of outsized gains against the risks of execution and market dynamics. Featured image from Unsplash, chart from TradingView

Crypto analyst Lourenço has predicted that the Ethereum price could rally to $9,000 in this market cycle. This comes as ETH eyes a breakout against its BTC pair, which could spark a massive run for the crypto and other altcoins.  Ethereum Price Eyes Rally To $9,000 This Cycle In an X post, Lourenço opined that the Ethereum price could rally to as high as $9,000 at some point in this market cycle. This came as he analyzed the weekly ETH chart. The analyst noted that, depending on how the trend on the upper side of the wedge is drawn, the altcoin may have already broken it with hard closes above.  Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 Lourenço declared that the $4,000 level is an important one and that once it flips into support, there will be additional resistance between $4,700 and $5,000. However, the analyst believes that the Ethereum price is ultimately set to go and tag between $8,000 and $9,000. He also indicated that the risk-return ratio on ETH is very hard to ignore at the moment.  Crypto analyst Galaxy also echoed a similar bullish sentiment for the Ethereum price. In an X post, he said that there is a lot of potential upside for ETH on the BTC pair. The analyst noted that the Relative Strength Index (RSI) is still bottomed and that, from his perspective, the trend is just beginning.  His accompanying chart showed that the RSI isn’t in overbought levels despite the fact that the Ethereum price has rallied over 60% in the past month. Notably, ETH’s RSI had surged above 60 on previous highs, including when it reached its current ATH of $4,800 in 2021.  The Key Is For ETH To Break Above $4,000 In an X post, crypto analyst Ted revealed that the key is for the Ethereum price to break above the $4,000 level. He noted that since the 2021 ATH, ETH hasn’t been able to reclaim the $4,000 level. However, if that happens this time around, he declared that the ETH pump will be “unstoppable.” Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 His accompanying chart showed that the Ethereum price could rally to $5,200 in the short term. This will mark a new all-time high for the altcoin. Crypto analyst Merlijn also hammered on the $4,000 resistance. He noted that this has been the ceiling for ETH since 2021, and it has been rejected from this level seven times.  However, the Ethereum price is again looking to break above this level. Merlijn remarked that this resistance isn’t just another resistance but the “gate to price discovery.” His accompanying chart showed that ETH could reach $11,000 between now and 2026 if it breaks this resistance level.  At the time of writing, the Ethereum price is trading at around $3,800, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

According to recent reports, XRP slid about 15% after peaking at $3.66 on July 18, wiping out roughly $2.4 billion in open futures positions. That sharp drop has traders debating whether to hunker down or scoop up XRP near the $2.60 mark. Rally Driven By Big Bets XRP’s surge from $2.17 on July 1 to $3.66 by July 18 was powered by a surge in open interest that peaked at $11.2 billion in dollar terms. That means a lot of traders had large positions riding the upswing. Related Reading: Countdown To August 15: What XRP Investors Need To Know Since then, open interest has fallen to $8.8 billion, a 20% drop in US dollar value. In XRP units, contracts fell 10% to 2.80 billion. Liquidations of roughly $325 million over the two weeks ending July 25 show some of those big bets were wiped out. Futures Traders Hold Steady Annualized futures premiums for monthly XRP contracts have stayed in a 6% to 8% range. That suggests traders aren’t panicking even after the price dipped below $3. Short‑term swings didn’t spark a rush into bullish bets when XRP briefly rose past $3.60, slowing the risk of more forced exits. The calm premium levels hint that professional players remain cautious but not overly concerned. Growing chatter about a US spot ETF for XRP has added to the mix. Ether products crossed $18 billion in assets under management, so some expect a similar boost if a spot‑XRP ETF wins approval. But approvals can take many months, and nothing is certain. Rumors about banks or a tie‑up with SWIFT have popped up online without proof. Traders know that hype only lasts so long when there’s no real deal. On‑Ledger Activity Trails Peers DeFi use on the XRP Ledger is still small. According to RWA.xyz data, just $134 million of tokenized assets sit on the network, compared with $190 million on Avalanche. Decentralized exchange volume barely makes the top 50 chains. DefiLlama shows Sui recorded $13 billion in 30‑day DEX trading, and Sei handled $1.43 billion. Those gaps show that XRP’s on‑chain tools haven’t drawn the same crowd as rival networks. Related Reading: Bitcoin Ain’t ‘Better’, ADA Is, Cardano Founder Says Looking ahead, clear growth in real‑world use could help XRP break out of its current $3.00–$3.15 range. For now, traders are watching both price action and on‑chain metrics. It may take fresh catalysts beyond ETF hopes to drive sustained gains. Until then, the market could stay choppy and reactive to any big swings in open interest. Featured image from Meta, chart from TradingView

The Ethereum price may be setting the stage for a historic breakout, as a new technical analysis suggests that ETH is closely mirroring the Bitcoin (BTC) price action from 2020 to 2021. With Ethereum currently consolidating beneath a long-term downtrend line and approaching critical resistance, a crypto analyst eyes a potential move to $20,000 if the historic pattern continues to play out.  Ethereum Price Mirrors Bitcoin’s Historic 2021 Pattern According to a new analysis by crypto market expert Ted Pillows, Ethereum’s current price structure is beginning to reflect a striking resemblance to Bitcoin’s breakout phase in late 2020. The analyst’s chart shows ETH following a nearly identical pattern of accumulation, re-accumulation, and compression within a descending triangle fractal that Bitcoin displayed before its parabolic bull run in 2021.  Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level At the time, Bitcoin had surged from a whopping $9,550 to roughly $64,000, marking a significant price increase of 570.37%. Just like BTC during the COVID pandemic shakeout, Pillow’s analysis shows that ETH has now emerged from a prolonged consolidation phase and is testing the downtrend resistance line that has capped its highs since the 2021 peak. If Ethereum breaks through its diagonal resistance, the analyst’s chart indicates that a vertical surge toward $29,500 may become technically viable. This would represent a significant increase of approximately 672% from the cryptocurrency’s current price of $3,820.   Notably, the path to this bold target mirrors Bitcoin’s trajectory after it broke out of its long-term downtrend, triggering a rapid and exponential move. The chart also illustrates a potential breakout zone that aligns with the timing of the previous cycle’s price expansion—indicating that Ethereum could be preparing for its most powerful price rally yet.   While the trajectory of Pillows’ arrow on the chart targets a possible surge toward $29,500, the top of the green shaded zone suggests Ethereum could reach a peak above $58,500. Such a bold move would mark a historic breakout, representing a surge of roughly 1,432% and placing ETH at nearly half of Bitcoin’s price of $118,940 as of writing.  Analyst Sets $5,000 As ETH’s Minimum Target Due to Ethereum’s bullish run lately, a few analysts in the crypto community have forecasted a potential rally toward the $5,000 mark—a move that would set a new all-time high for the leading altcoin. However, while many consider a surge to $5,000 a major milestone, Pillows views this target as merely a baseline.  Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time He has set $5,000 as the minimum target for his outlook, emphasizing his firm conviction in ETH’s bullish potential. On the chart, Ethereum’s recent consolidation is marked as a re-accumulation zone, setting the foundation for a significant rally. With a breakout from its long-term resistance in sight, Pillows’ analysis suggests that Ethereum could experience an extended bull phase with limited overhead resistance. Featured image from Getty Images, chart from Tradingview.com

Solana co-founder Anatoly Yakovenko is facing backlash from the crypto community over his comments about meme coins and non-fungible tokens (NFTs). Yakovenko made these remarks against these tokens despite his network being home to most of the top meme coins by market capitalization.  Crypto Community Reacts To Solana Founder’s Comments The crypto community criticized Anatoly Yakovenko following his X post, in which he described meme coins and NFTs as “digital slop” and ones that have no intrinsic value. The Solana founder added that, like a mobile game loot box, people spend $150 billion a year on mobile gaming, in reference to his ideology about meme coins and NFTs.  Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Crypto marketer Anastasiia Bobeshko described the Solana founder’s comments as being funny, considering the traction that memes have brought into the Solana ecosystem. She further noted that the network made $1.6 billion in the first half of 2025 thanks to these meme coins. Another member of the crypto community, Ethereum developer Hanniabu, had earlier echoed a similar sentiment, suggesting that the network would be nothing without meme coins.  Null, a member of the BONK community, declared that the Solana network would have never been where it is today without meme coins. Yakavenko replied sarcastically, saying, “Absolutely.  Without lootboxes, iOS would have negligible revenues for Apple.”  Meanwhile, Crypto community member Art Chick asked the Solana founder if he had a problem with memecoin traders spending $150 billion a year on his chain, but they don’t see it as mobile gaming. Yakovenko responded and alluded to an earlier reply in which he explained that what is important is the need to monitor data, fix problems, use snipers, and work towards sandwich-resistant market implementations.   Difference Between Solana and Base Meme Coins It is worth noting that the Solana founder’s comment about meme coins stemmed from when he criticized a comment from Base’s lead developer Jesse Pollak, who suggested that Zora meme coins (which are Base tokens) are more valuable than those from Solana’s Pump.fun. In response, Yakovenko asked Pollak if Zora coins have any claims on future cash flows from creators, something which Pump.fun has.  Related Reading: Top Meme Coins Stealing The Spotlight As Bitcoin Price Hits $118,000 ATH Pollak then clarified that each coin’s value depends on their fundamentals, which is why he believes that not all meme coins are the same. However, the Solana founder doesn’t believe meme coins as a whole have any “intrinsic value.”  Despite his comment, these meme coins, especially the top ones like Fartcoin, BONK, PENGU, and TRUMP, continue to contribute to a significant amount of the daily trading volume on the network. Notably, the Solana price surged to a new all-time high (ATH) of $294 in January, around the time the TRUMP meme coin first launched. SOL witnessed a significant surge in its demand at the time, with investors requiring the altcoin to purchase the meme coin.  At the time of writing, the Solana price is trading at around $183, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

According to market analyst Common Sense Crypto, a $1,000 bet on XRP today could turn into between $10,000 and $50,000 during this cycle. Related Reading: $120K Bitcoin In Sight: 90-Day US–China Tariff Truce Fuels Market Optimism He pointed out that the same stake in Bitcoin would likely top out at around $1,300–$1,500. That claim has caught the eye of many investors who are weighing where to put their crypto dollars. Strong ROI Comparison Common Sense Crypto ran the numbers. At XRP’s current price of $3.18, a $1,000 buy-in nets roughly 315 tokens. To hit $10k, each XRP would need to trade at $31.80. If XRP somehow climbed to $160, that small stake would swell to $50k. By contrast, a $1k purchase of Bitcoin at $120,000 today would only need BTC to rise to about $154k–$178k to yield the same $1,300–$1,500 returns. Here’s a quick fact to ponder, if you put $1,000 into $xrp today you will most likely end up with at least $10,000 – $50,000 in this cycle, if you put the same $1,000 into $btc you will most like only end up with $1300 – $1500. ROI (return on investment) is more important than… — Common Sense Crypto (@TheCSCrypto) July 12, 2025 Those are gains in the 30–50% range. This puts XRP’s upside in a very different league when viewed purely as percentages. Still, size matters. XRP’s market cap sits near $188 billion. Bitcoin’s floats around $2.37 trillion. To push XRP to $159, its valuation would need to balloon to roughly $9.5 trillion—nearly four times Bitcoin’s current size. That would require massive new inflows and adoption on a scale we’ve never seen in crypto. XRP Tops $3; CEO Sets Sights On 14% Of SWIFT Ripple’s XRP finally breached the long-awaited $3 mark after US President Donald Trump announced a new US strategic crypto reserve, including XRP and other digital assets​. As one of the most traded cryptocurrencies, XRP enjoys high daily trading volumes, ensuring price stability and ease of entry for institutional investors. Ripple’s chief executive, Brad Garlinghouse, predicts that within five years, Ripple will handle about 14% of SWIFT’s worldwide cross‑border transaction flows. Related Reading: Countdown To August 15: What XRP Investors Need To Know Past Cycle Performance Other voices have made similar points. In June, Edoardo Farina of Alpha Lions Academy noted that between November 2024 and January 2025, XRP jumped from $0.50 to $3.40. That’s a 7x return in just two months. Bitcoin, in that same window, climbed from $68k to $112k, a 60% gain. Farina calculated that $50k in XRP would have grown to $340k while the same investment in Bitcoin would have become about $82,352. The XRP 50x Challenge XRP’s promise of turning $1,000 into as much as $50,000 is eye‑catching. Its past leap from $0.50 to $3.40 in just two months shows what’s possible. But growing its market cap from $188 billion to $9.5 trillion means a tidal wave of new money and clear legal rules. Featured image from Meta, chart from TradingView

The XRP price broke out of an almost seven-year downtrend in 2024 and is now trading above $3, sparking renewed optimism across the market. With its steadily growing price, crypto analyst JackTheRippler claims that XRP is unlikely to face any major pullback like in the past, believing that the altcoin has entered a new bullish phase—and the “train has left the station.” XRP Unlikely To Revisit Previous Lows In a bold assertion that challenges typical post-rally pullback expectations, JackTheRippler has doubled down on his earlier outlook for XRP, claiming that a dramatic price retracement is no longer on the table. According to a price chart shared via X social media alongside his analysis, XRP has successfully broken out of a multi-month descending triangle pattern and surged beyond key resistance levels, skyrocketing above $3.6 before consolidating around $3.19.  Related Reading: Crypto Analyst Warns XRP Investors Amid Market Retrace The chart reveals that XRP maintained strong horizontal support near the $1.77 region for several months, forming the base of the triangle. Despite multiple attempts to breach this level during its consolidation phase, the token held firm. The recent breakout in late July above $3.6 marked a significant shift in XRP’s structure, invalidating the downward trendline that had capped price action since December 2024.  In his post, JackTheRippler emphasized that, unlike in previous cycles, XRP is unlikely to return to earlier lows. The analyst declared that “the train has left the station,” implying that the window to buy at significantly lower levels has decisively closed due to a  price floor increase.  With XRP now trading above $3.3, the main question is whether this level will establish itself as firm support and potentially propel it to new levels. Based on the cryptocurrency’s current technical setup and JackTheRipple’s confident projection, the path forward for XRP suggests continued upward momentum rather than a reversal.  Analyst Unveils XRP Next Bullish Targets A recent chart analysis shared by crypto analyst Dark Defender suggests that XRP’s long-standing cooling period may be finally coming to an end. According to the pattern highlighted on the chart, the cryptocurrency appears to be mirroring its 2017 setup—a formation that led to an explosive breakout. Related Reading: XRP Price Forms Double Top, This Structure Says A Crash Is Coming With XRP now consolidating above $3.3, Dark Defender argues that this phase resembles a stabilization period that preceded the previous bull run, marked by a breakout from a descending wedge and rapid vertical gains. Based on the Elliott Wave Theory, the analyst has set XRP’s next bullish targets for $13.13, $18.22, and $36.76.  According to Dark Defender, the cryptocurrency’s price surge observed in June and July confirms its breakout structure, positioning August as a potentially explosive month for the asset. Chart comparisons between the 2017 and 2025 cycles highlight striking similarities, each featuring a sharp rally, a descending consolidation, and a breakout that historically led to parabolic gains. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst BATMAN has revealed that Ethereum is primed to make a parabolic run to a new all-time high (ATH) of $5,000. The analyst also mentioned the first resistance that ETH needs to break to reach this psychological level. Ethereum Ready To Break Out And Reach $5,000 In an X post, BATMAN noted that Ethereum is ready to break out of a massive consolidation and rally towards $5,000. He stated that the first resistance is between $4,000 and $4,200. Once that is done, there is no resistance until between $4,800 and $5,000, which could spark this rally to the $5,000 psychological level.  Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 The analyst declared that Ethereum is still in bullish territory and outperforming Bitcoin. As such, he believes any dips from here could be strong buy zones. Indeed, ETH is currently outperforming BTC. The former is up over 61% in the last 30 days while the latter is up just 11% during this period.  It is also worth noting that Ethereum is already looking to reclaim the first resistance between $4,000 and $4,200. The largest altcoin by market just recently broke above $3,900 and is now looking to touch $4,000 for the first time since November last year. Crypto analyst Titan of Crypto also indicated that a parabolic move may be on the horizon for ETH.  In an X post, he stated that the ETH/BTC chart is heading to the reload zone, which could spark a massive breakout for Ethereum. His accompanying chart showed that the altcoin could rally to between $7,300 and $8,700 on this move. This suggests that a rally to $5,000, as predicted by BATMAN, is unlikely to signal the top for ETH in this market cycle.  ETH Dominance Also On The Rise In an X post, crypto analyst Rekt Capital revealed that Ethereum’s dominance is on the rise, increasing to around 12% for the first time in five years. He noted that the last time the ETH dominance reached 12% was exactly five years ago, in July 2020. With this latest increase, Rekt Capital stated that the altcoin’s dominance is now looking to reach as high as 14%.  Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time This development is significant as it could usher in altcoin season, led by Ethereum. Blockchain Center data shows that the altcoin season index has surged recently to 47, although it still needs to touch 75 for it to be considered altcoin season. Crypto analyst Mikybull Crypto believes this should happen soon, especially with a golden cross forming on the ETH/BTC chart.  At the time of writing, the Ethereum price is trading at around $3,900, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

XRP’s technical setup is playing out another major move, and this time the bullish momentum is being backed by the reappearance of one of its most powerful historical indicators. According to a new analysis posted by Egrag Crypto on the social media platform X, XRP’s 21 EMA and 55 SMA weekly crossover has been playing out quite nicely, with XRP recently hitting $3.65 on July 18 before cooling off. Now, this analysis projects that the pattern may still be in its early stages. Based on historical outcomes, XRP might be on track to reach as high as $9 or even $24. Related Reading: Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says Bull Crosses Cause Massive Rallies For XRP EGRAG’s chart, which displays XRP’s weekly price action with the 21 EMA and 55 SMA trendlines, shows that each time a bullish crossover occurred between the two trendlines, it marked the beginning of a strong price rally. The first instance of such a cross was in March 2017, and by the end of that cycle, XRP’s price had reached a peak that represented a 40,000% surge from its low. Then in August 2020, a similar crossover produced a 750% pump before topping out. The most recent bullish crossover occurred in October 2024 and has so far resulted in a 560% rise from XRP’s bottom in September 2024. However, there was a similar temporary pump in April 2023 that Egrag excluded from his model. Based on different assumptions about the previous price playout between the two cycles, the analyst outlined two possible targets for the current cycle. The first projection is a 1,500% rally, double that of 2020’s run, which would place the price peak for this cycle at $9. The second projection is a 4,000% rally, which represents just 10% of the massive 2017 spike. This second, more bullish projection places XRP’s price peak anywhere at $24. Chart Image From X: Egrag Crypto XRP Drops To Retest $3 After New ATH At $3.65 After reaching a new cycle high of $3.65 on July 18, XRP failed to hold above the $3.21 resistance zone and corrected down to test the $3.00 support level on July 24. The price volatility, although strong, wasn’t enough to break this support level.  Crypto analyst CasiTrades also weighed in on the current technical setup by pointing to an Elliott Wave count that suggests a major third wave is about to begin. In her analysis posted on X, she confirmed that XRP has completed a subwave 2 correction, reaching the deep 0.854 Fibonacci retracement level before bouncing. What’s important here is that the price held above $3, never forming a new low, which is probably now a new price floor. Chart Image From X: CasiTrades Related Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst If buying volume increases and XRP regains its hold above $3.21, the next move is to target $3.82, which coincides with the 2.618 Fibonacci extension. Interestingly, the analyst noted that $3.82 also aligns with what many platforms historically recorded as XRP’s new all-time high. Should XRP close a weekly candle above $3.82, it could lead to prices that align with Egrag’s projections. At the time of writing, XRP is trading at $3.17. Featured image from Getty Images, chart from TradingView

Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse, has issued a serious warning to XRP investors amid a surge in scam activity targeting investors across social media platforms like YouTube. The alert follows increasing reports of fraudulent accounts impersonating Ripple and its executives, with the aim of tricking users into sending their XRP.    Ripple Warns Investors Of Rising XRP Scams On July 23, Garlinghouse took to X social media to raise the alarm on a sharp rise in XRP scams, urging investors and community members to stay alert. According to the Ripple CEO, scammers are capitalizing on market momentum and community excitement to ramp up impersonation schemes, particularly targeting unsuspecting XRP holders. Related Reading: How Ripple Is Taking On SWIFT To Grab 14% Market Share As XRP Price Surges One of the most notable developments flagged by Garlinghouse is a recent surge in fraudulent activity on YouTube, where scammers have taken over existing channels, rebranded them to resemble recognized Ripple accounts, and begun promoting misleading content that impersonates the crypto company and its executives. In its official X account, the Ripple team stressed that these YouTube accounts are legitimate and do not belong to the crypto firm, despite appearing convincing. In many cases, the usernames have been altered to mimic the company’s official handles, often making it difficult for unsuspecting users to identify the deception. These scam videos frequently promise giveaways, rewards, or investment multipliers, usually asking users and investors to send XRP in exchange for a larger return. Garlinghouse has emphasized that neither he nor Ripple will ever request XRP from anyone under any circumstances.  To combat the growing threat of skyrocketing crypto scams, Ripple is actively and aggressively reporting these fraudulent accounts and encouraging its community to do the same. The company has reiterated that its official channels remain the only trusted sources of communication and provides a direct reminder to always verify account handles and links before engaging. Notably, Garlinghouse concluded his post with an important reminder to stay vigilant against avoidable losses. He warned that “if it sounds too good to be true, it probably is.”  Ripple Alert Highlights Broader Threat Amid Market Recovery Beyond the immediate focus on the YouTube impersonation scams, Garlinghouse’s report touches on a broader trend of escalating crypto fraud that tends to spike during periods of market recovery or growing optimism. This pattern, described by the Ripple CEO as “like clockwork,” suggests that malicious actors closely monitor community sentiment and time their campaigns to exploit emotional and financial excitement. Related Reading: XRP Transactions Barrels Over $1 Billion To Monthly Highs, Are Whales Driving The Next Leg? In a broader context, the rise in XRP scams has coincided with the recent surge in the altcoin’s price to above $3.6. Additionally, they come after bullish news like Ripple’s growing regulatory clarity and legal win against the US SEC. As the XRP price inches closer to ATH levels and gains more momentum, bad actors are leveraging this wave of optimism to cast a wider net, targeting investors through sophisticated scams and fraudulent schemes. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Steph has issued a warning to XRP investors regarding the current price action. He alluded to a multi-year resistance that the altcoin has struggled to break, noting that this should be the major focus as it eyes new highs.  XRP Needs to Break Above the $3.6 Resistance In an X post, Steph shared a video in which he analysed the XRP monthly chart, dating back to the 2020 bull run. He highlighted an upward-sloping trendline for the altcoin, which showed that the altcoin has faced rejection at around the $3.6 level twice now. The first was in January of this year, when the altcoin surged to a yearly high.  Related Reading: Expect A “Biblical Move” Off This Formation; Analyst Tells XRP Investors Meanwhile, the second has occurred again following the XRP’s latest rally to a new all-time high (ATH) around this $3.6 resistance. Steph declared that the altcoin needs to break above this multi-year trendline resistance, as it risks falling into “an ugly period of downward momentum” if it can’t flip this level into support.  However, if XRP breaks above this resistance, Steph predicts that it could record a parabolic rally, which would send its price into double digits. The crypto analyst is more confident that the altcoin will break this resistance, noting that other bullish patterns support sustained bullish momentum.  In the short term, Steph predicts that XRP could rally to as high as $4.42. He highlighted a double bottom breakout on the 4-day chart, which is still in play for the altcoin. He assured that XRP could still maintain this upward momentum despite the current pullback in the broader crypto market.  However, if this bearish trend in the crypto market sustains for a while, he warned that the $3 support level is the one that XRP needs to stay above to avoid losing its bullish structure. The analyst expects a lot of buying pressure if the altcoin were to drop to this support level.  What Next As The Altcoin Retests $3 In an X post, crypto analyst CasiTrades noted that XRP was unable to hold the $3.21 resistance and has now fallen back to test the $3 support. She stated that the altcoin appears to have completed a subwave wave 2 of a new trend, reaching a deep .854 retrace. If this new low holds as support, then she suggested that it could kickstart a large impulse to the upside.  Related Reading: XRP Is About To Break 8-Year Resistance Against Bitcoin Ahead Of Spot ETF Approval CasiTrades predicts that XRP could reach new highs if volume begins to rise and the price starts moving back above the $3.21 resistance. She noted that the first wave 3 sits near $3.82, which is the 2.618 Fibonacci extension. Her accompanying chart showed that the altcoin could reach $3.8 on this next run-up.  At the time of writing, the XRP price is trading at around $3.16, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The Shiba Inu price is back in the spotlight after a massive Coinbase transfer of 5 trillion SHIB shakes the broader market and sparks speculation across the crypto community. With uncertainty surrounding the intent of the large-scale SHIB transfer, the transaction has drawn significant attention and comments from crypto watchers, especially as it comes on the heels of a recent crash in the meme coin’s price.  Related Reading: The US Is A Bitcoin Whale—Arkham Clarifies BTC Holdings After Brief Panic Whale Moves Fuel Shiba Inu Price Speculation  A new report from Whale Alert on X social media has confirmed a jaw-dropping transfer of 5 trillion SHIB, worth approximately $69.98 million from crypto exchange Coinbase to an unknown wallet. The move has reignited market discussions, closely following a significant crash in the meme coin’s price that erased weeks of gains. CoinMarketCap’s data shows that Shiba Inu is now trading at $0.000014, down by more than 7% in just a few days. Notably, the 5 trillion SHIB transfer by the anonymous whale has raised eyebrows across the crypto community, with many expressing their astonishment over the sheer size of the transaction and others viewing it as a calculated move. The timing and size of the transfer have also led some to interpret it as a bearish signal, potentially indicating an upcoming sell-off, which could lead to further declines in the meme coin’s price.  Others assert that the tokens have been deliberately taken off the active trading market and put into a vault, hinting at a strategic supply reduction. If conditions remain optimal, this could set the stage for a possible liquidity squeeze. In addition, as demand returns to the market, the crypto member states that Shiba Inu could face a thin wall of available supply, potentially triggering a price rebound.  What’s more, the lack of clear information regarding the receiving wallet has only added to the speculation, with a community member suggesting that the entity, the 5,000,000,000,000 SHIB transfer, may have been driven by insider knowledge. Typically, whale moves of this magnitude tend to influence market sentiment, potentially triggering sharp price reactions and raising questions about possible coordinated activity. Market Eyes Possible Price Revival Beyond the initial shock of the 5 trillion SHIB transfer and its potential implications on price action and whale activity, many in the crypto space are beginning to draw connections to a broader bullish trend or possible price resurgence. Some crypto members believe that the reemergence of high-value whale entities could be a potential precursor of big price moves.  Related Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst Others suggest that this move could trigger the start of a meme coin season, where speculative assets like Shiba Inu or Dogecoin experience renewed investor interest and dramatic price surges. Historically, large and sudden whale movements often precede market-wide interest and price rallies in meme tokens, particularly when those moves significantly shrink supply and hint at potential future accumulation.  Featured image from Pexels, chart from TradingView

Scottie Pippen, the six‑time NBA champion, stirred up the crypto community this week. He put out a poll on X asking his 728,000 followers whether XRP will hit $10 by 2026. Alongside that question, he also threw out bold targets for Bitcoin, Ethereum and Solana. The move sent traders and fans buzzing. Related Reading: The US Is A Bitcoin Whale—Arkham Clarifies BTC Holdings After Brief Panic Pippen’s Viral Crypto Poll According to his post, Bitcoin could climb to $233,000, Ethereum to $10,000 and Solana to $1,000. Pippen gave people four choices for each token and let them vote. Travis Turnbull and others in the comments threw their support behind XRP reaching $10, while some thought even 2026 might be too soon. Polls like this tend to draw big crowds, and Pippen’s name carries weight well beyond sports. Which one of these will happen in 2026: • Bitcoin will hit 233k • $ETH will hit $10k • $SOL will hit $1k • $XRP will hit $10 • Your UBER driver will tell you about the @game5ball • Optimus will deliver you food • Aliens will invade • 2pac returns — Scottie Pippen (@ScottiePippen) July 24, 2025 XRP is trading around $3.18 right now. That price is down 2.2% in the past day, though it’s still up 45% for the month. At that level, the token’s market cap sits near $156 billion. To hit $10, XRP would need to swell to about $500 billion based on its roughly 50 billion coins in circulation. That jump would rank it among the world’s biggest assets. Bullish Forecasts From Other Analysts Based on reports, an NFT project founder predicted XRP could top $10 by next year if Bitcoin rockets toward $250,000. A well‑known crypto analyst updated his earlier $4–$5 call to $10 after a surge in bullish momentum. Aaron Arnold, host of Altcoin Daily, went even further with an $11 target by 2025. He called that figure “realistic,” pointing to growing demand and fresh capital flows. Realistic 2025 #altcoin price predictions:$ADA – $4$XRP – $11$INJ – $99$BORG – $3.50$PENGU – $0.10$PUMP – $0.01$SOL – $400 What else? ???? — Altcoin Daily (@AltcoinDaily) July 25, 2025 If XRP ever hit $11, its market cap would soar past $650 billion. That would put it ahead of big names like Mastercard and Tencent on the value charts. Such a move would reshape how people see cross‑border payments and tokenized banking rails. Related Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst What It Takes To Hit $10 Reaching $10 won’t happen on hype alone. XRP still faces legal hurdles in the US. Banks need clear rules before they can embrace it at scale. On‑chain activity must keep rising, and fresh partnerships with payment firms or tech players are a must. At the same time, rival tokens and layer‑2 solutions compete for investor money. Timing is key, too. Crypto often moves in waves, and a bull run can last months or years—but corrections can come fast. Featured image from NBA, chart from TradingView

TRON (TRX) has experienced a steady upward price movement alongside broader market gains. Over the past week, the asset has climbed over 5%, recently crossing the $0.31 mark and currently trading around $0.3132. This recent performance reflects growing interest in the TRX market, supported by on-chain signals suggesting continued buyer dominance. One of the more notable observations comes from on-chain analyst Maartunn, who shared his latest insights on CryptoQuant’s QuickTake platform. His focus centers on the Spot Taker CVD (Cumulative Volume Delta) metric, a tool that tracks the net difference between market buys and sells. Related Reading: TRUMP Meme Coin Plants Flag On TRON Network—Details Spot Taker CVD Signals Buyer Dominance According to the analyst, the data currently points to sustained buying pressure, a potentially significant trend for TRX’s near-term trajectory. Maartunn’s post titled “TRON: Spot Taker CVD shows Taker Buy Dominant” explores how cumulative market order activity can provide context for TRX’s current momentum. He explains that Spot Taker CVD is calculated by summing the difference between market buy (taker buy) and market sell (taker sell) volumes over a 90-day period. When the CVD is rising and positive, it suggests a buyer-dominant phase, which often coincides with upward price action. “Currently, the indicator shows that Taker Buy Volume is dominant,” Maartunn wrote. He noted this trend tends to align with price increases, as it reflects more aggressive buying behavior in the market. This buying pressure, according to the analysis, is likely fueled by factors such as increased TRON network usage and recent ecosystem developments, including the debut of the first TRX Treasury Company and continued stablecoin activity on the chain. TRON Network Stability and User Participation Add Context While the CVD trend highlights the market’s appetite for TRX, other indicators help build a broader view. A separate post by CryptoQuant analyst CryptoOnchain highlighted improvements in the TRON network’s stability. According to on-chain data, the network is currently producing around 28,500 blocks per day, with minimal volatility, suggesting a more reliable infrastructure capable of handling high transaction volumes. These developments are supported by technical upgrades, including the Dynamic Energy Model (Proposal #84), enhanced staking yields that reach up to 7.31%, and professional security audits. TRON also recorded more than 780 million transactions in Q2 2025, representing a 37% increase year-over-year. Despite this heavy throughput, the network has maintained consistent block production. Related Reading: Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025 Taken together, the sustained taker buy dominance, strong technical performance, and growing user participation indicate that TRON is experiencing both market and infrastructure-driven momentum. If buying pressure continues and network trends hold, TRX could be positioned for further growth in the coming months. Featured image created with DALL-E, Chart from TradingView

Crypto analyst Crypto Bullet has alluded to a technical pattern for Ethereum, which mirrors its 2019/2020 price action. Based on the similarities, the analyst gave a breakdown of what to expect from ETH in the coming months.  Ethereum Shows Descending Broadening Pattern In an X post, Crypto Bullet stated that Ethereum has shown an impressive recovery and is now starting to resemble a Descending Broadening Wedge pattern. He further noted that this pattern is almost identical to the one which ETH had between 2019 and 2020. The analyst added that the picture looks very bullish right now. Between 2019 and 2020, when this pattern emerged, the altcoin rallied from around $180 to $700 in just six months.  Related Reading: Ethereum Maxi Compares Bitcoin To Outdated Landlines, Reveals Why ETH Is Better Further commenting on the current Ethereum price action, Crypto Bullet revealed that the altcoin is testing the resistance at around $3,700 for the third time. He believes that ETH will eventually break out from this range. However, the analyst warned that there may be a 10 to 15% pullback around that area before that.  Meanwhile, Crypto Bullet assured that Ethereum will rally hard once it breaks out from this formidable resistance. He predicts that this breakout will lead to a new all-time high (ATH) for ETH, meaning the altcoin is likely to reach $4,900 on the next uptrend. The analyst also stated that the cycle top target for ETH is between $8,000 and $10,000.  Crypto analyst Mikybull Crypto is also confident that Ethereum can reach $10,000 before this market cycle ends. In an X post, he stated that the euphoria stage will start when ETH breaks a new all-time high (ATH). He indicated that the break above ATH will spark a rally to between $7,000 and $10,000. Once that happens, the analyst believes that a massive bear market will ensue.  ETH Is Yet To Enter The Banana Zone In an X post, crypto analyst Ted stated that Ethereum is yet to enter the banana zone. He noted that right now, the altcoin is going through a correction after pulling a 70% rally from its April 2025 lows. The analyst further opined that there will be some sideways accumulation before ETH breaks above $4,100.  Related Reading: Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target However, once that happens, he predicts that Ethereum will record the “most violent rally.” His accompanying chart showed that ETH could rally to a new ATH of around $7,000 on the first leg up. Based on the chart, Ted also believes that the altcoin could reach $14,000, $41,000, and $92,000 at some point.  At the time of writing, the Ethereum price is trading at around $3,563, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Crypto markets awoke on Wednesday to the first meaningful bout of selling in more than a month, and Kev Capital TA did not sound surprised. In a late-night livestream, the analyst told viewers that Bitcoin’s failure to clear the “brick-wall” band between $120,000 and $123,000 had made an altcoin shake-out “the most obvious pullback spot ever,” capping four straight weeks of euphoric gains across Ethereum, Solana, Dogecoin, XRP and the rest of the sector. Crypto Bulls Crushed: Why Altcoins Ran Out Of Gas “Daily RSIs were at ninety on everything, including ETH, while Bitcoin was pinned under one-twenty,” he said. “That is a textbook sell wall. You don’t blast through that after running straight up for a month.” His chart of Total-2—the market-cap index that strips out Bitcoin—showed the gauge banging into the exact horizontal ceiling that had turned back altcoins in May, August and November 2021, again in December 2024, and once more in January this year. Each rebuff, he reminded the audience, had sparked corrections of 30-to-60 percent in the majors and far larger drawdowns in the speculative tail. Kev’s core message was that nothing in the current tape resembles a lasting top for the cycle. The move, he argued, is a pressure-release that clears excess leverage and restores “risk-free long exposure” for disciplined traders who skimmed profits on the way up. The fulcrum remains Bitcoin. Until the largest asset can establish weekly closes above the 1.0886 Fibonacci extension at $119,964, altcoins will “run out of gas.” He located initial Bitcoin support at $116,400, with deeper cushions at the $112–113k band and, in a worst-case flush, the $106.8k shelf. A break below the first of those levels “isn’t necessary” in his view, but he warned new entrants against treating a ten-percent dip in their favorite microcap as a buying opportunity: “If Total-2 drops another thirty percent, your altcoin is going down a lot more than ten.” Why, then, does he remain upbeat? Kev cited a confluence of on-chain and macro tailwinds that, in his back-testing, have never failed to resolve higher. Bitcoin’s weekly Hash Ribbons flashed a buy signal nine weeks ago and has advanced only eight percent since—far below the historical mean of thirty-eight to one-hundred-one percent that materialises two to nine weeks after the trigger. A second, still-pending buy signal is “coming within the next week or two,” stacking probabilistic odds in favour of a leg higher. Related Reading: Crypto Market’s Fate Hangs On The Last Days Of July At the same time, he noted, the Federal Reserve’s quantitative-tightening program is “barely selling anything on the balance sheet,” while Truth Inflation’s real-time gauge pins headline CPI at 2.0–2.1 percent. A spate of tariff de-escalations—including a tentative, across-the-board fifteen-percent cut in EU-US duties announced moments before he went live—suggests that inflation risks are skewing lower rather than higher. “As long as the macro stays quiet—low inflation, steady labour market, dovish policy projections—valuations can march north,” he argued, adding that upcoming earnings from Google, Tesla and the rest of Big Tech will feed directly into crypto multiples because “the guidance is correlated whether you like it or not.” Seasonality is the wild card. August and September are notoriously fickle for risk assets, a period he likened to “the biggest vacation month of the year and then back-to-school.” Yet he stressed that cyclicality alone cannot trump a supportive macro backdrop. Instead, he expects a period of choppy consolidation—anchored by Bitcoin’s tussle with $120k and the golden-pocket bounce in Bitcoin Dominance—before the market’s next sustained advance. “We are like the running back; the offensive line has opened the hole, but we haven’t burst through it yet,” he said. “If macro stays resilient, this is the year it finally happens.” His forward timeline therefore hinges on two visible catalysts: A decisive Bitcoin breakout above $123,000. When that prints on a multi-day close, he believes the four-year Total-2 ceiling will snap, unleashing capital rotation back into ETH and the broader alt market. “Everything leads back to Bitcoin,” he said. “Crack that wall and the catch-up trade reignites.” Related Reading: House Passes Major Bills During ‘Crypto Week,’ But Significant Changes May Take Time Second is the continuation of the benign macro mix through Q3. Should inflation hold near two percent and the Fed confirm an end-to-QT schedule in its September meeting, Kev projects the next Hash-Ribbons signal will “play out as violently bullish as the model has ever shown,” delivering what he calls the “last six-month window” of the cycle. Asked in chat “when this pullback will be over,” the analyst refused to pin a date on it. “I’m not looking at the clock,” he replied. “Time doesn’t matter; the levels do.” Still, his body language betrayed optimism: he plans no further sales, sees no need to add until volatility subsides, and—despite acknowledging August’s chop potential—spoke repeatedly about “riding what I have” into the final quarter of 2025. In other words, the cool-down now underway is less a bear-market omen than the mandatory breather before a potential breakout. Traders who missed the July run are advised to watch Bitcoin’s $116k and $112k buffers for signs of an exhaustion wick, monitor Bitcoin Dominance for a failure rally below sixty percent, and keep an eye on the next CPI print. If those dominoes fall in line, Kev Capital is confident the real fireworks—an altcoin surge that carries Total-2 into price discovery for the first time since 2021—will begin “sooner than most people think, and definitely while everyone’s still on summer holiday.” At press time, TOTAL2 stood at $1.44 trillion. Featured image created with DALL.E, chart from TradingView.com

Bitcoin’s recent price action reflects a consolidation phase rather than a decisive move in either direction. After briefly touching an all-time high of over $123,000 earlier this month, BTC has seen a gradual pullback, currently trading around $118,000 at the time of writing. This represents a 1.1% drop in the last 24 hours and a 3.9% decline from its peak, as traders evaluate whether the current market structure suggests a continuation or a correction. According to new insights from CryptoQuant contributors, indicators present a split narrative. Some metrics suggest rising optimism among traders, while others indicate a more cautious and holding-focused environment. Related Reading: Trump Shares Viral Bitcoin Breakdown — Here’s What He Posted Surge in Long Positions Raises Contrarian Concerns CryptoQuant contributor BorisVest highlighted a notable spike in the long/short sentiment ratio on Binance, showing a growing preference among traders for long positions. This metric, which tracks the volume of long versus short positions on the exchange, has tilted significantly bullish within the $116,000–$120,000 price range. He noted that during Bitcoin’s previous consolidation between $100,000 and $110,000, sentiment leaned toward short positions, a setup that preceded a breakout to the upside and a wave of short liquidations. This time, however, the environment has flipped. BorisVest explained: Now that sentiment is skewed heavily toward longs, the same principle could apply in reverse. When the majority positions in one direction, it often creates a setup for the opposite move. The current range is acting as a trap zone, where traders’ expectations are repeatedly tested. The historical tendency for sentiment extremes to precede contrary price action has prompted some analysts to advise caution, suggesting that growing bullish bias could lead to a temporary reversal if met with enough liquidity pressure. Bitcoin Exchange Flow Patterns Reflect Investor Patience While Binance sentiment data leans bullish, another key on-chain indicator paints a different picture. CryptoQuant analyst Arab Chain examined the Bitcoin Flow Pulse (IFP) indicator, which tracks BTC movements to centralized exchanges. Related Reading: Bitcoin Must Defend This Key Support For $180,000 Year-End Target, Analyst Says According to the data, despite Bitcoin’s recent high above $120,000, there has not been a corresponding spike in exchange inflows, suggesting that investors are not rushing to take profits or exit the market. This behavior contrasts with historical cycles in 2017 and 2021, where price peaks were accompanied by large exchange inflows and followed by corrections. Arab Chain wrote: The market now shows a consolidating trend, with reduced selling pressure. The low flow to exchanges indicates confidence among holders and suggests that many participants are expecting the uptrend to continue. Still, he cautioned that a shift in the IFP indicator, such as a sudden rise in exchange flows, could act as an early warning for increased supply pressure. Featured image created with DALL-E, Chart from TradingView

Litecoin (LTC) is picking up speed. The coin is now trading at $116 after rising 20% over the last seven days. Trade volume has also jumped by 1.30%, hitting $1.27 billion. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now That’s a clear sign of growing activity. Over the past week, LTC has surged by 24%, reaching a high of $119.21. For many traders watching the charts, momentum is starting to build again. Bulls Eye $125 As Momentum Builds Crypto analyst Naveed said Litecoin has broken through a key resistance level. According to him, the price “filled the fair value gap” and moved higher just as predicted. The next target now falls in the $120–$125 zone. That’s the level many traders are watching as a potential breakout point. $LTC just broke above a key level just as told before and is now flying at $118.26 – Price filled the FVG and pushed HIGHER – Target hit ✅ Next target: $120–$125 zone Let’s see if bulls can keep it going https://t.co/ozGP3gVXA3 pic.twitter.com/PB59Jy832U — Naveed (@navex_eth) July 21, 2025 The growing optimism isn’t just about short-term moves. Some analysts have projected that LTC might reach as high as $262 sometime in 2025, even after a rough start to the year. Their outlook includes a rise to $140, followed by a potential dip under $94 before making a comeback. The long-term picture includes a shot at the previous all-time high of $413, although that’s a steep climb from where it is now. Litecoin Sentiment Turns Bullish Meanwhile, CoinCodex gave a more conservative outlook. They expect LTC to rise by 15% and hit $134 by August 22, 2025. Their technical indicators show that the overall sentiment is bullish. Also, the Fear & Greed Index is currently sitting at 74, which points to high confidence—or greed—among investors. LTC has registered gains on 19 of the previous 30 trading days. That’s approximately 60% of the time, with price fluctuations of nearly 11%. It’s an indicator that Litecoin’s price is going up, but it’s not doing so in a linear motion. Investors are finding space for appreciation but are aware the market is still volatile. Market Watching $140 After $125 Test If LTC clears the $125 resistance, the path toward $140 could open up. A lot of traders agree this level is important, not just from a technical point of view but also because of growing market interest. Social chatter is increasing, and trading activity is starting to pick up across different crypto exchanges. Related Reading: Solana DeFi Rebirth: TVL Breaks Past $14 Billion Amid Price Surge However, not everything is certain. Global markets are still reactive to such things as interest rate changes, inflation reports, or policy changes. Crypto regulation is also something that might shift sentiment very rapidly. But Litecoin’s recent resilience has allowed it to outshine altcoins during this month. With $134 in sight and a possible return to $262 in 2025, Litecoin is showing signs of life again. Whether it can sustain the rally will depend on what happens next—especially around that $125 line. Featured image from Unsplash, chart from TradingView

BNB, the native cryptocurrency of BNB Chain, crossed the $800 level in early Asian trading on Wednesday to set a new all-time high of $801. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now The surge came after a 5% increase over the last 24 hours and a 13% gain in the last week, taking BNB’s market capitalization to over $110 billion. Currently, it ranks as the fifth-largest cryptocurrency by market capitalization. Spike In Volume And Derivatives Trading Volume trading around BNB has increased strongly. According to Coinglass data, daily volume rose over 40% to over $3 billion. Derivatives volume surged 31% to $2.18 billion, while open interest in BNB futures increased 19% to $1.23 billion. These represent an expanding tide of speculation and demand for the asset, perhaps fueled by fresh money flowing into the market. A good deal of this movement seems to be riding on bullish momentum forming around BNB’s recent price action. The token has been in an uptrend for weeks now, and this breakout above its previous highs indicates buyers are remaining bullish, even as there are indications that the market is heating up. Meanwhile, the relative strength index (RSI) is also well into overbought conditions at 87.50. When the RSI crosses above 70, it generally means that a pullback may be imminent. Nevertheless, the uptrend is still in place. BNB is well above its 20-day simple moving average of $704. Price is higher with good volume, and this is a combination that is commonly used to confirm trend strength. Nano Labs Buys $90 Million Worth Of BNB Institutional buying could be propelling the rally. On July 22, China-founded Web3 infrastructure company Nano Labs Ltd announced it had added 120,000 BNB tokens to its holdings—worth around $90 million. According to the company, it bought over-the-counter at an average cost of $707 per BNB. Nano Labs stated that it views BNB as a strategic reserve asset and will continue to add to its holdings. It also stated that it will invest in companies that are dedicated to the BNB ecosystem. Such a long-term commitment brings an element of confidence for retail investors tracking the token’s movements closely. All the hype aside, there are beginning to appear some warning signs. BNB is now trading above the top Bollinger Band, an indication that the token may be getting stretched. Related Reading: Solana DeFi Rebirth: TVL Breaks Past $14 Billion Amid Price Surge Featured image from Unsplash, chart from TradingView

Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target.  Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that the Ethereum price could rally to $5,500 in the short term because banks and states are buying. He also claimed that ETH is part of the USA crypto reserve, which is bullish for the altcoin. Meanwhile, the analyst also alluded to the Ethereum ETFs, as another factor that could drive demand for ETH.  Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to him, these institutional investors count ETH as the future of the crypto industry, which is a positive for the Ethereum price. These institutional investors have recently been warming up to ETH amid optimism that these funds could soon include a staking feature following the SEC’s approval. For the first time last week, these funds beat the Bitcoin ETFs in daily flows. Xanrox is also bullish on the Ethereum price from a technical analysis perspective. He noted that the altcoin is currently inside an ascending channel and breaking out with strong bullish momentum. The analyst also indicated that this was still a good time to buy ETH despite how much it has rallied this month, reaching a six-month high.  He claimed that the Ethereum price is somewhere in the middle. As such, those who buy now can get to sell when ETH reaches $5,500. Xanrox added that the $5,500 level is likely where the altcoin will consolidate for a long time before going higher. Interestingly, his accompanying chart showed that Ethereum could even rally to as high as $113,000 at some point.  A Demand Shock Is Coming For ETH In an X post, Bitwise Chief Investment Officer (CIO) Matt Hougan declared that a demand shock is coming for ETH, which is why he predicts that the Ethereum price will continue to rally. He noted that the altcoin is up over 50% in the past month and more than 150% since its lows in April, thanks to overwhelming demand from ETFs and corporate treasuries.  Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout Matt Hougan expects this demand to keep rising. He noted that ETF investors remain significantly underweight in terms of their ETH-to-BTC holdings ratio. The market expert further stated that although ETH’s market cap is about 19% the size of BTC, the Ethereum funds have amassed less than 12% of the assets that the Bitcoin ETFs hold. As such, he expects these investors to allocate more ETH, which is bullish for the Ethereum price.  The Bitwise CIO predicted that Ethereum ETFs and treasury companies could purchase up to $20 billion of ETH in the next year, equivalent to 5.33 million ETH at today’s prices. Meanwhile, the Ethereum network is expected to produce around 800,000 ETH over the same period, resulting in demand that is seven times greater than supply.  At the time of writing, the Ethereum price is trading at around $3,700, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Altcoins tumbled Wednesday, triggering over $200M in liquidations and pushing bitcoin’s dominance back past 60%.