Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by the upcoming launch of a SOL-based staked exchange-traded fund (ETF), has led some analysts to forecast a rally toward the next key target. Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move Solana Staked ETFs Coming On Wednesday On Monday, Solana’s price soared to a key resistance level following the introduction of “the first-ever Solana staked crypto ETF in the US.” Rex Shares announced it will launch a Solana-based staked ETF this Wednesday, aiming to offer exposure to SOL and staking rewards. According to the X post, the REX-Osprey ETF will track SOL’s performance while “generating yield through on-chain staking,” starting a “new era of yield-generating crypto exposure.” As a result, Solana climbed to the $160 barrier, which led to nearly $9 million in short positions liquidated on Monday afternoon. Market Watcher Daan Crypto Trades considers Solana “bounced nicely over the weekend” but has yet to turn the Low Timeframe (LTF) trend around. He explained that reclaiming the $159-$167 area is necessary to aim for higher levels. Additionally, the Daily 200-day Moving Average (MA) and Exponential Moving Average (EMA) are currently located within this range. “I would want to see price trade back above that to start targeting the $180-$200 region again,” he detailed. Nonetheless, the trader questioned whether a Solana spot ETF-driven rally will fuel the cryptocurrency’s run. Notably, multiple investment firms, including Grayscale, VanEck, 21Shares, and Bitwise, have filed with the Securities and Exchange Commission (SEC) to launch a spot SOL ETF in the US. According to recent reports, the investment products have a “high likelihood” of being approved in the coming weeks, which has seemingly fueled investors’ expectations of a bullish “Solana Summer.” “The big question is how much demand there will be,” Daan asserted, noting that Ethereum (ETH) sport ETFs, approved in July 2024, had a disappointing launch and “only started seeing decent inflows about a year later.” SOL Ready For Another Breakout? Following the ETF-fueled breakout, analyst Hardy noted Solana’s “Textbook move, clean breakout, clean retest, and pump,” which could trigger a run toward the $200 barrier. Notably, the cryptocurrency saw a remarkable performance over the weekend, reclaiming the $144-$148 crucial area and breaking past the $150 mark. Amid this performance, the analyst highlighted that Solana had broken out of its local downtrend line after reclaiming the $148 resistance and was retesting the breakout zone. He explained that there is “Juicy liquidity sitting above, ready to be taken,” adding that Solana needed to hold the $150 support to continue its bullish run toward the next target. Related Reading: Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 Meanwhile, analyst Crypto Batman considers that Solana is “setting up very nicely” after the $160 retest. Per the post, “It has broken out from a bullish flag pattern that bottomed at the 0.618 Fibonacci level, a clear sign of impulsive strength in the trend.” It’s worth noting that SOL has been trading within the bullish formation since the May breakout, hovering between the $130 and $180 range for nearly two months. The analyst forecasted that a quick retest to close the bullish Fair Value Gap (FVG) and the pattern’s upper boundary, around the $148 area, “could set the stage for the next leg.” As of this writing, Solana is trading at $155, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
XRP showed a powerful technical reaction after dipping precisely to the $2.07 Fib confluence zone, where multiple key levels aligned — including the golden .618 Fib retracement and wave-based extensions. The sharp bounce from this area signals a potential end to the recent correction and opens the door for further upside. The Perfect Bounce: XRP Finds Bottom At $2.07 Confluence CasiTrades, in a latest post on X, stated that on Friday, XRP dipped precisely to the $2.07 confluence zone, aligning with the golden .618 retracement, the 1:1 extension for wave C, and the .618 extension for subwave 5. She noted that a sharp reaction from that level would confirm the correction bottom, and the market did exactly that, snapping upward from the $2.07 mark. Related Reading: XRP Price Springs Higher — Rally Reignited with Bullish Momentum Since then, momentum has steadily increased, with bullish pressure building over time. Price action is now pressing into a critical resistance zone at $2.25, a level that represents the macro .382 Fibonacci retracement and has served as a significant technical barrier for months. Breaking and holding above this level could signal a shift from recovery to full-blown bullish continuation. Adding to the momentum, Ripple dropped its appeal, and the US SEC’s withdrawal could be the next trigger to price spikes. According to CasiTrades, the legal finish line is finally in sight, just as the price completes its correction structure, a timing she believes is no coincidence. This, she emphasized, is why technical analysis matters: it allows traders to identify key setups before the news breaks, positioning ahead of market-moving headlines. Key Short-Term Scenarios To Watch The analyst further explained that from this point, she is closely watching two key short-term scenarios unfold. In the first scenario, XRP makes a move up to around $2.30, followed by a pullback to retest $2.25 — this time as support, which CasiTrades considers an ideal and healthy move. Related Reading: XRP Silent Accumulation: A Falling Wedge On The Verge Of Explosion The second scenario involves a stronger push straight through to the $2.45 zone, heading toward the larger resistance near $2.69. In this case, a minor pullback would likely occur just before the price interacts with the $2.69 resistance area. After that, the analyst anticipates a backtest of the $2.25 level. Either way, she emphasized that $2.25 remains the critical level to watch. Successfully flipping it sets the stage for a much larger breakout move. CasiTrades added that Friday’s bounce wasn’t just a random spike; it was a precise reaction to a completed structure. With wave 2 down, wave 3 is officially underway, and once these nearby resistance levels are cleared, it could all lead to a surge. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Egrag Crypto has provided a detailed breakdown of how the XRP price could reach between $9.5 and $37.5. He alluded to previous cycles as the rationale behind why the altcoin could reach such ambitious targets in this market cycle. Rationale Behind XRP Price Rally To $9.5 And $37.5 In an X post, Egrag Crypto stated that historical cycles show that the XRP price always rises above the Exponential Moving Average (EMA) and then retests it. He added that the final move from that retest point to the cycle’s top creates the blowoff peak. In Cycle 1, XRP recorded around a 2,000% gain while the altcoin surged 455% from the retest point in Cycle 2. Related Reading: Analyst Puts XRP Cycle High At $20-$30, Here’s Why Egrag Crypto then applied these percentages to the current cycle to show why the XRP price could reach $9.5 and $37.5. He noted that after the initial surge and retest in April 2025, the EMA will likely rise with the price, setting the stage for the next big move. Based on these historical blowoff phases, the analyst said that XRP could record another 2,000% increase and reach $37.5. On the other hand, the XRP price could mirror the second cycle and record a more conservative 455% rise, which puts the altcoin at $9.5. Egrag Crypto’s accompanying chart showed that XRP could reach either of these targets by September 1 later this year. Meanwhile, the analyst advised market participants to choose their targets wisely. He also told them to set their exit plans, avoid getting caught up in hype, stick to their strategy, and get prepared. Breakout In Progress For XRP In an X post, crypto analyst CasiTrades stated that the $2.25 level is loading for the XRP price following its reclaim of the $2.07 level. Based on this price action, she remarked that a breakout was in progress. This $2.25 also represents the macro .382, a key level which the analyst has been alluding to for months. Related Reading: XRP Price Completes Bearish Retest As Macro Signals Point To $2.65 CasiTrades declared that momentum is building for the XRP price and that Ripple’s decision to drop its cross-appeal against the SEC is further fueling this momentum. From the current level, she stated that she is watching two key scenarios in the short term. First, the altcoin could move into $2.30, then pull back to test $2.25 as support. The analyst remarked that this would be “ideal and healthy.” For the second scenario, CasiTrades predicts that the XRP price could push harder through to $2.45, which is closer to the $2.69 resistance. Then, the altcoin would witness a slight pullback before touching the $2.69 level with resistance. For this scenario, she believes that a retest of $2.25 later would be expected. At the time of writing, the XRP price is trading at around $2.19, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The XRP price could be preparing for a historical rally, as a prominent crypto analyst has boldly predicted that the cryptocurrency could reach a fresh cycle top between $20 and $30. The forecast, which presents a massive upside for the altcoin, is based on the Elliott Wave Theory—a key technical analysis tool. XRP Wave Map Signals Cycle Top Ahead Crypto analyst, XForceGlobal on X (formerly Twitter) has presented a bold new forecast for XRP, projecting a cycle high between $20 and $30. The analyst shared a chart that dissects XRP’s price action over the last several months, suggesting that the cryptocurrency is currently in the final stages of a corrective wave before beginning a powerful multi-leg impulsive rally. If this wave count plays out as the market expert says, XRP could be on the verge of its most aggressive breakout to date. Related Reading: XRP Price Targets $3.61 In Short Term As ‘Cup’ Turns Hot The analysis focuses on XRP’s medium-term correction, which has taken the form of a complex WXY structure. According to the chart, XRP is nearing the completion of Wave 2, a corrective phase that began after the last upward impulse. XForceGlobal has pinpointed a key Fibonacci confluence zone between $1.60 and $1.90, where XRP’s pullback is expected to find support. The chart clearly marks this area as a potential springboard for the next bullish phase, as long as the price does not fall below the $1.618 level, which serves as the invalidation point for the current setup. Despite XRP’s historical track record of sluggish performance and ongoing skepticism within the crypto community about the bullish forecast, XForceGlobal maintains confidence that the cryptocurrency will reach the ambitious $20-$30 cycle top—a move he believes could unfold well into 2026. Intermediate Targets First, Cycle High Later According to XForceGlobal’s chart, once XRP completes its current corrective move, the analyst predicts that the first leg of this upcoming rally may take the cryptocurrency past the $5 mark in Wave 3, followed by a deeper Wave 4 pullback and a final thrust into Wave 5 toward $6 or more. Related Reading: XRP 5-Wave Count Shows When The Price Will Hit All-Time Highs Above $5 While these targets represent an intermediate-term bullish setup, on a macro scale, the long-term wave map implies that the whole structure could later culminate in a parabolic cycle top rally that sends XRP between $20 and possibly even $30. This optimistic outlook gains further credibility, as the analyst notes that XRP’s internal wave count for the flat scenario has taken longer to resolve than initially expected. Beyond technicals, XForceGlobal highlights that market psychology plays a central role in its bullish forecast. He notes that the XRP community has weathered regulatory battles, market crashes, and years of stagnation, most notably the US SEC lawsuit. This prolonged adversity has turned XRP holders into “battle-tested veterans” who are largely immune to fear-driven selling. This resilience, according to the analyst, could be the key to the next bullish phase of XRP’s price action. Featured image from iStock, chart from Tradingview.com
Solana (SOL) has surged 6.6% over the past week, raising hopes among holders that the digital asset may be on the cusp of a significant rally – one that could potentially propel it to new all-time highs (ATH). A combination of strengthening fundamentals and bullish technical signals supports this optimistic outlook. Solana Primed For A Spectacular Summer? According to a recent CryptoQuant Quicktake post by contributor burakkesmeci, SOL is currently undergoing a cooling phase on both the spot and futures Bubble Maps. The analyst shared the following chart to highlight this cooling period. For the uninitiated, a bubble map visualizes volume data across exchanges, with each bubble representing trading activity for a specific pair or platform. The size of the bubble indicates the total volume, while the color shows the intensity or change in that volume – such as cooling (green), neutral (gray), or overheating (red). Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? At first glance, lower trading volume might seem like fading momentum. However, the CryptoQuant analyst suggests this deceleration could be a strategic accumulation phase, particularly as a potential catalyst looms on the horizon. Many in the crypto community are expecting the US Securities and Exchange Commission (SEC) to approve the first Solana exchange-traded fund (ETF) in the coming weeks. In an X post published today, Eric Balchunas, Senior ETF Analyst at Bloomberg, said Solana could lead a “potential altcoin ETF summer.” Meanwhile, predictions platform Polymarket currently places a 91% probability on a Solana ETF being approved in 2025 – the highest odds recorded since January of this year. Most speculators expect a SOL ETF to go live by July 2025. From a technical standpoint, things are also looking encouraging. In a recent X post, crypto analyst Ali Martinez remarked that if SOL breaks above the $200 mark, it could kickstart a 5x to 10x bull run. Martinez shared the following SOL weekly chart, which shows the digital asset forming a bullish Cup and Handle pattern. While the “cup” portion has already been completed, the emerging “handle” suggests the potential for significant price appreciation – possibly pushing SOL beyond $2,000. SOL Showing Promise But Take Caution Despite widespread optimism, some indicators urge caution. On-chain data recently revealed a large movement of dormant SOL coins, which has raised concerns about increased selling pressure in the near term. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 That said, a considerable number of analysts believe that SOL could surpass its current ATH of $293 later this year. At press time, SOL trades at $167.30, up 3.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
A crypto analyst has predicted that the XRP price could surge to remarkable levels, ranging from $25 to $75, in June. According to the expert, a combination of key bullish factors is expected to drive this significant price rally, potentially marking new all-time highs for the altcoin. In a rather lengthy post on X (formerly Twitter), a crypto analyst known as ‘The Real Redmi Relief’ outlined a series of critical events scheduled for June and July 2025 that will serve as powerful catalysts for driving the XRP price to unprecedented levels between the $25 – $75 range. Catalyst Events Fueling XRP Price Next Surge Firstly, Elon Musk, CEO of SpaceX and Tesla, is expected to roll out X payments, making XRP more useful in real-world terms and driving global adoption—especially if it is included as a digital currency option within the platform. Alongside this, the analyst views the introduction of the “Genius Act” in June as a game-changing regulatory development. This newly proposed bill could bring well-needed clarity for and possibly ease restrictions surrounding digital assets, potentially eliminating adoption barriers for XRP. Related Reading: $10,000 XRP Theory: Factors Analyst Shares Scenarios That Could Drive Growth Another catalytic event that could drive the XRP price toward the analyst’s bullish target is the ongoing US SEC lawsuit, which is expected to reach a critical juncture in June. The resolution or a positive outcome in this case could eliminate years of regulatory uncertainty that previously suppressed XRP’s growth. Looking ahead from June to August, the anticipated approval and launch of XRP Exchange Traded Funds (ETFs) is another key driver. These ETFs would require fund managers to hold large quantities of XRP, creating substantial institutional demand. Given the relatively limited XRP supply available on exchanges, the market expert expects this increased demand to trigger a possible supply squeeze that would intensify upward price pressure. The final catalyst event that would push the altcoin toward $25 – $75 is the ISO 20022 messaging standard. The Real Redmi Relief has revealed that this electronic data exchange framework is set to be implemented in July, potentially pushing XRP more deeply into global payment infrastructures. Market Dynamics And Sentiment To Boost The Altcoin Outlook Beyond upcoming bullish events that could drive XRP’s price higher, the analyst offers a broader perspective on the cryptocurrency’s market dynamics and investor sentiment, which could also contribute to its projected rally. The analyst emphasized that the “delay game,” which previously stalled progress on key developments, including ISO 20022, XRP ETF approval, and SEC regulatory clarity, is now effectively over. Related Reading: XRP Price Surge To $10: Analyst Reveals Factors That Will Make It Happen In 2025 With multiple positive triggers converging around the same time frame, market participants could experience heightened FOMO, especially among institutional investors eager to capitalize on the potential upside. Notably, the analyst warns of possible manipulation practices on exchanges during this expected bullish run. He cautioned that some XRP might be sold off behind the scenes, resulting in withdrawal delays and various account issues. These tactics, as he claims, are part of a recurring pattern seen during past crypto market rallies, where large players accumulate assets at the expense of retail investors. Featured image from Getty Images, chart from Tradingview.com
Onchain data shows that over $40 billion worth of XRP has been moved over the last week, which puts the altcoin on the edge. Specifically, these coins were transferred to exchanges, which indicates that XRP is at risk of a massive sell-off. Over $40 Billion XRP Moved To Exchanges CryptoQuant data shows that over $40 billion has been moved to Binance this past week, with the exchange’s reserves surging during this period. This development is usually bearish as it indicates that investors are looking to offload their coins. This comes as the XRP price surged to as high as $2.6, which explains this wave of profit-taking. Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, What’s Next? Moreover, crypto analyst Ali Martinez revealed that Bitcoin whales have secured profits, selling over 30,000 BTC this week. As such, XRP whales may be simply mirroring this move. Meanwhile, Bitcoinist reported that XRP is reaching oversold levels as net flows turn negative, with the wave of sell-offs heightening. This selling pressure comes amid Judge Analisa Torres’ ruling in the Ripple SEC lawsuit, which provides a setback for XRP. The judge denied the parties’ motion for an indicative ruling because the filing was procedurally improper. The ruling also sparked a massive sell-off, with XRP dropping over 4%. XRP risks losing its bullish setup as Martinez revealed that the key support zone is at $2.38, meaning that a drop below this level could lead to a deeper correction. However, a hold above this level could set the altcoin for a rally to new highs as the analyst revealed that there are no major resistance clusters ahead. Crypto analyst CasiTrades had warned that XRP’s failure to hold above the $2.69 resistance could send its price towards $2.30 for a reset. Altcoin Has Formed A Double Bottom Formation In an X post, crypto analyst Egrag Crypto revealed that XRP has formed a double bottom following the dip to $2.3126. He stated that the altcoin is still bouncing off the red descending trend line, showing resilience. The analyst added that the altcoin is experiencing some micro noise within the range between the Fibonacci 0.888 levels at $2.30 and $2.62. Related Reading: XRP Price Set To Continue Uptrend As Stochastic RSI Moves Out Of Oversold Zone His accompanying chart showed that the key is for the XRP price to hold above the trendline at $2.3. A bounce from this level could send the altcoin as high as $3.8, near its current all-time high (ATH) of $3.84. Based on its historical performance, Egrag Crypto still expects the altcoin’s price to rally to between $27 and $33 in this market cycle. At the time of writing, the XRP price is trading at around $2.37, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The XRP price is at a make-or-break moment as it struggles to hold a critical technical level as it navigates broader market uncertainty. In a recent report, a crypto analyst issued a stark warning for XRP holders, highlighting that the cryptocurrency risks crashing to $1.9 if it fails to clear a key price level. XRP Price Risks Falling To $1.9 According to an analysis presented by crypto analyst ’Dom’ on X (formerly Twitter), the XRP price could be gearing up for a major crash soon. The analyst revealed that the cryptocurrency has recently tested the apex of a 100-day descending trendline—a zone that also coincided with the election Volume Weighted Average Price (VWAP) and the monthly rolling VWAP. Related Reading: XRP Price To $1.5 Or $4? The Bull And Bear Case Revealed This convergence of technical indicators has become a critical battle station between bulls and bears. While buyers attempt to halt any further declines and push the XRP price higher, the rejection at this apex signals weakness and raises the risk of a downside move. The analyst’s chart shows that XRP’s price is struggling to stay above a mid-range support level, visually marked by a horizontal grey box between $2.05 and $2.1. Failure to clear this area could trigger a significant decline toward $1.9, which Dom has identified as the next key support area. On the flip side, a break above $2.12, where multiple VWAPs are stacked, would signal an immediate bullish reversal and potentially mark the beginning of a new upward trend. Dom has also stressed the urgency of XRP regaining the $2.12 level. If bulls fail to do so, the cryptocurrency’s structure remains vulnerable and could correct downwards at any moment. As the XRP price currently sits at $2.3, the analyst has pinpointed a key upside target on his chart. If XRP were to break above its current price, the analyst expects it to move back up to $2.47 — a level that would act as a longer-term dynamic resistance. XRP Must Break $2.3 To Reach $3 In a recent X post, a crypto analyst known as ‘Lord Crypto’ highlighted that XRP is showing signs of a potential breakout as it emerges from oversold territory with multiple bullish catalysts approaching. After weeks of consolidation near the $2.00 support zone, XRP is now testing the resistance level at $2.30. Related Reading: XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 Technical indicators and market trends appear to be favoring bulls. The Stochastic Relative Strength Index (RSI) shown on the price chart has reversed upward from oversold zones, indicating possible renewed buying pressure. The analyst has also pointed to the possibility of an XRP ETF approval as a bullish catalyst. Additionally, he highlighted Ripple’s victory over the US SEC, which brings an end to the lawsuit that has lasted over four years. Notably, a close and sustained trading above the $2.30 level could allow XRP to target higher resistance levels around $2.52 and $2.91. Once this happens, the XRP price could even reclaim past highs above $3. Featured image from Getty Images, chart from Tradingview.com
As the XRP price takes center stage, bold predictions about its future outlook persist across online forums and social media. Among the most ambitious claims is the idea that the XRP price could skyrocket to $1,000 or even beyond. In response to these projections, a crypto analyst has outlined several key factors that would need to align for XRP to reach such a target. Factors Needed To Take The XRP Price To $1,000 While it’s tempting to imagine XRP hitting a four-digit price target, X (formerly Twitter) crypto analyst Jasmin argues that the numbers don’t support such a prediction. For the XRP price to reach $1,000, it would need to climb as high as 46,848%, accompanied by key factors like a significant rise in global adoption, especially by financial institutions. Related Reading: XRP Price To $1,000: Analyst Reveals Target For When Banks Start Using XRP Although Ripple, a blockchain company, has made progress in partnering with global banks and fintech firms for cross-border payments, that level of adoption is still nowhere near enough to support a $1,000 XRP price tag. To even approach this level, XRP would need to become a fundamental part of the global financial structure across different sectors, particularly in banking, remittance, and investment. But beyond simple adoption, XRP would have to be deeply integrated into major economies in such a way that it becomes an indispensable currency for daily transactions. For this to happen, Jasmin reveals that the cryptocurrency would need widespread regulatory clarity to ensure that it can be used in multiple jurisdictions without any legal barriers. The ongoing legal battle between Ripple and the US SEC has already created years’ worth of uncertainty around XRP’s legal status. Until this issue is resolved favorably, the cryptocurrency’s potential for mainstream adoption remains limited. Jasmin has also highlighted that XRP would have to incorporate mechanisms that would drastically reduce its circulating supply. While the cryptocurrency’s price could grow with more aggressive token burns, a jump to $1,000 still seems unlikely. Such a high valuation would also need massive speculative trading activities, which are usually seen during bull markets. How Market Cap Influences A $1,000 Projection Based on Jasmin’s analysis, the most significant factor that makes a $1,000 XRP price projection unrealistic is its market capitalization. Currently, XRP has a market cap of about $125.15 billion, and for its price to hit a four-digit level, its total market valuation would need to reach $50 trillion. Related Reading: XRP Price Cross That Led To 20x Rally In 2017 Returns To put this in perspective, the global crypto market capitalization today is $3.09 trillion, according to CoinGecko data. This would mean that XRP alone would need a market cap over 15x higher than the entire crypto market. Furthermore, Bitcoin, the largest cryptocurrency, has never even come close to reaching a $10 trillion market cap. BTC’s market valuation currently sits at $1.92 trillion, meaning XRP would have to surpass it by over 25x to get a $50 trillion market cap. Due to these extreme market cap requirements, Jasmin argues that a $1,000 or even $10,000 target is highly unrealistic. However, she acknowledges that a price surge to $5 or even $10 is a far more attainable goal. Featured image from Getty Images, chart from Tradingview.com
A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. What’s Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Although the XRP price is hovering above $2, a crypto analyst contends that this level is still low. Comparing XRP’s current price action to its explosive rally in 2017, the analyst argues that the market has not recognized the full scope of the cryptocurrency’s evolving fundamentals. XRP Price At $2.2 Is Still Undervalued Pumpius, a crypto analyst on X (formerly Twitter), firmly believes that the XRP price is poised for a stronger rally, arguing that a $2.21 target remains significantly undervalued. The market expert’s analysis starkly compares the current market positioning with its historic rally in 2017. Related Reading: Crypto Analyst Shatters XRP Price Bullishness, Predicts Massive Crash To This Support Level Back in 2017, the altcoin skyrocketed from a low price of $0.005 to a staggering all-time high of $3.84, marking its most historic price rally. At its peak, XRP briefly overtook Ethereum’s market cap, securing the position of the second-largest cryptocurrency in the world, just behind Bitcoin. During this historic rally, the XRP price soared by an astonishing 64,000%, reflecting a monumental gain despite lacking real-world use cases, institutional backing, or regulatory clarity. According to Pumpius, this surge was purely driven by retail Fear Of Missing Out (FOMO), with no stablecoins, IPOs, or financial infrastructure supporting the cryptocurrency’s rapid ascent. Fast-forward to today, and the landscape surrounding XRP has evolved significantly. Ripple Labs, an enterprise blockchain company and the largest holder of XRP, has launched its stablecoin, RLUSD, which indirectly strengthens XRP’s position in the digital currency space. The company has also secured prime brokerages and regulatory clarity from the US, expanding Ripple’s market reach and creating a stable environment for XRP’s growth. With an IPO allegedly in the pipeline, the infrastructure supporting XRP is more robust than ever, far exceeding the conditions seen in 2017. However, despite these developments and milestones, the altcoin’s price has yet to revisit its former all-time high and continues to trade above $2. As a result, Pumpius claims that the cryptocurrency has still not been “activated,” suggesting that it has not fully realized its potential or experienced the level of growth expected of it. Why This Time Could Be Different Unlike in 2017, the potential for XRP is no longer based on hype alone. Pumpius’s analysis estimates that if XRP were to repeat its historical 64,000% rally, starting from $2.21, its price could reach $1,414.40. Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming While this target is purely speculative, the number underscores the massive upside that could follow if institutional capital and real-world adoption combine with retail momentum. Pumpius’s commentary also includes a conspiracy narrative, alleging that powerful, unknown entities have worked behind the scenes to suppress XRP’s rise. According to this theory, the analyst claims that the US SEC’s lawsuit against Ripple wasn’t just about compliance but a calculated move to delay adoption and shake out retail momentum. The underlying message is that XRP’s disruptive potential posed an early threat, allegedly leading to attempts to delay its growth and prevent widespread accumulation before institutions were ready to enter the market. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst TradingShot has revealed that the Ethereum price has formed a megaphone bottom which has not been seen since 2020. The analyst revealed what happened the last time ETH formed this bottom, which provides a bullish outlook for the altcoin. Ethereum Price Forms Megaphone Bottom In a TradingView post, TradingShot stated that the Ethereum price has formed a megaphone bottom like in March 2020. He noted that ETH is currently on the first week of a rebound after recording three consecutive red weeks when it could not break above the 1-week MA50. The analyst further remarked that ETH is taking on a lower lows trendline, which is technically the bottom of a 1-year megaphone since the March 11, 2024 high. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 TradingShot claimed that the market is no stranger to long-term megaphone consolidation periods like that. He stated that the Ethereum price eventually broke upward the last time it formed this megaphone between June 2019 and March 2020, which happened after the brutal COVID crash bearish leg that touched bottom. He noted that the March 2020 period is quite similar to the current bearish Ethereum price action since late December. The analyst then highlighted how perfectly aligned the Fibonacci retracement levels are. Based on this development, he predicted that the Ethereum price could at least test the 1.5 Fibonacci extension at $6,000 before this cycle tops at the end of the year. Crypto analyst Crypto Patel also raised the possibility of the Ethereum price rallying to as high as $8,000. He suggested that this parabolic move could happen in phase E of ETH’s bull run. He indicated that ETH could face significant resistance at around $4,050 to this price level. Bullish Fundamentals For ETH Despite its underperformance, the Ethereum price has bullish fundamentals, which could spark a reversal to the upside and cause it to reach new highs. Crypto analyst Alternative Bull revealed that the exchange reserves of ETH are significantly declining. He remarked that this would lead to a limited supply which makes it only a matter of time before ETH goes parabolic. In line with this, the analyst affirmed that the altcoin is still in the early phases of its bull run. Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts Crypto analyst Ali Martinez has also revealed that whales are actively accumulating ETH, which is bullish for the Ethereum price. In an X post, he stated that 360,000 ETH were withdrawn from crypto exchanges in the last 48 hours, a development that could spark a supply shock. It is also worth mentioning that the Ethereum price could soon witness a supply shock through the ETH ETFs. Asset managers like Bitwise have filed with the US SEC to include staking in their funds. If approved, this could take more ETH out of circulation as some institutional investors opt to stake their ETH to receive yields. At the time of writing, the Ethereum price is trading at around $1,969, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The crypto industry received a significant legal victory as Ripple CEO Brad Garlinghouse announced on March 19 that the U.S. Securities and Exchange Commission (SEC) had officially dropped its appeal against the company. The announcement came in a video posted on social media platform X, where Garlinghouse noted the regulatory agency’s decision to end its pursuit of further litigation. Besides this interesting development, another major financial development has taken center stage in the crypto market in the past 24 hours; the outcome of the Federal Reserve’s latest meeting. Fed Keeps Interest Rates Steady Amid Uncertainty The outcome of the latest Fed meeting can be divided into six key decisions. First, the Federal Reserve opted to maintain interest rates at their current level, keeping the borrowing rate in a range between 4.25% and 4.5% for the second consecutive meeting. This decision is part of a continued pause in the Fed’s tightening cycle. Related Reading: Bitcoin Price Crash: 6 Key Events To Watch Out For In Crypto This Week Secondly, the Fed noted that uncertainty surrounding the economy has increased, and third, the Fed’s updated projections were the shift in expectations for rate cuts in 2025. The median forecast suggests 50 basis points of cuts for the year, but a growing number of Fed officials are less convinced that rate reductions will be necessary. In December, only one official anticipated no rate cuts in 2025. However, there’s now a more divided outlook, and that number has now risen to four, as noted in a post on social media platform X by analysts at The Kobeissi Letter. Beyond interest rates, the Fed revised its economic growth projections downward for 2025, suggesting that policymakers see slower expansion ahead. This adjustment comes alongside an increase in the Fed’s inflation forecast for the same period, reflecting concerns about price pressures persisting longer than previously anticipated. With inflation remaining a key focus, the central bank is treading carefully as it evaluates the right time to pivot toward a looser monetary stance. Fourthly, the Fed announced that it would slow the pace of its balance sheet runoff beginning in April. This is alongside a sharp reduction in the Fed’s 2025 growth projections and a markup in their 2025 inflation forecast. Implications For Crypto Markets And Digital Assets For the crypto industry, the Fed’s decision to hold rates steady and its mixed messaging on future cuts introduce a dynamic situation to Bitcoin and others. The fact that the Fed is still concerned about inflation and economic uncertainty shows that the path to more accommodative policies regarding the crypto industry may not be as smooth. Related Reading: Crypto Market Sees Record Flash Crashes, What’s Going On? However, if the Fed stays hesitant to cut rates and economic growth slows as projected, digital assets may face headwinds later in the year, which may slow down the predicted growth by crypto analysts. Featured image from Unsplash, chart from Tradingview.com
Crypto analyst Egrag Crypto has discussed the possibility of the XRP price witnessing another corrective move. He revealed the price level that XRP needs to stay above to avoid further downside pressure and rally to the upside. XRP Needs To Stay Above $2.66 To Avoid Corrective Move In an X post, Egrag Crypto stated that if XRP fails to close above the $2.65 to $2.70 range, it won’t negate the wave 4 move and will likely lead XRP down to the 5th wave. His accompanying chart showed that the altcoin could drop to as low as $1.7 on this corrective move, breaking the crucial $2 support level in the process. The analyst had previously highlighted this $2.65 as being critical for a bullish breakout. Related Reading: XRP Price Ready To Bounce Back Above $3 If Bulls Can Hold This Level Egrag Crypto alluded to the fact that the US SEC was finally dropping its long-running lawsuit against Ripple, which is typically bullish for XRP. The analyst admitted that it was a significant win for long-term adoption and utility, reinforcing the belief in the altcoin’s use. However, he added that the focus has to be on the numbers and charts in the short term. In line with this, he remarked that a close above $2.66 would be a good sign, followed by another close above $2.97 as a second bullish confirmation. He asserted that the ultimate confirmation for a bullish trend would be a close above $3.40, which is XRP’s current all-time high (ATH). A close above $3.40 would lead to the next target between $5 and $8. Crypto analyst CasiTrades also echoed a similar sentiment, stating that XRP needs to break above $3.40 to confirm a new trend. Until then, she remarked that market participants will have to wait for signs of confirmation, which may not be obvious until wave 3 in the market cycle. Before now, the analyst affirmed that the market is on the edge of a breakout, and this week could be a defining moment, which already looks to be the case with the Ripple SEC lawsuit. A Rally To $5 Already In Play Crypto analyst Dark Defender suggested that an XRP rally to $5 was already underway after the SEC decided to drop the Ripple lawsuit. His accompanying chart showed that XRP could witness a breakout to the $5 target. The altcoin will first rally to around $4.4 on wave 3, then correct to $3.7 on wave 4 before the rally to $5.6 on wave 5. Related Reading: XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor Meanwhile, crypto analyst CrediBULL Crypto raised the possibility of XRP dropping below $2 and reaching $1.7 before any parabolic move to the upside begins. He predicts that the altcoin will rally to double digits regardless of how the price action plays out in the short term. At the time of writing, the XRP price is trading at around $2.45, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
The XRP price could be staging a parabolic rally to new all-time highs of $110. While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger declares XRP to be a market leader in the crypto space. Analyst Predicts New XRP Price Target To $110 In a rather lengthy X (formerly Twitter) post, market expert Egrag Crypto went deep into his analysis for the XRP price, basing his predictions on its Elliott Wave structure. The crypto analyst confidently forecasted that XRP was heading towards a new $110 ATH. This bullish target would represent a whopping 3,974% increase from its current market value. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge Firstly, Egrag Crypto outlines XRP’s five-wave structure, underscoring that each wave could push the cryptocurrency to a new target. The analyst reveals that XRP is currently in Wave 2 of its Elliott Wave structure and is closely approaching Wave 3, which is expected to trigger the most explosive increase. In Wave 1, XRP saw an impressive 733% increase to new highs. However, in its current Wave 2, Egrag Crypto highlights that its 2017 fractal appears more profound. With the formation of a Double Bottom pattern, the analyst has predicted a potential price breakdown for the cryptocurrency. Egrag Crypto further forecasts that Wave 3 will trigger a reversal and cause the price to skyrocket by 1,185%. This massive price increase would effectively place the XRP price at a potential target between $22 and $24. For a more conservative target, the analyst estimates a surge of around $22 to $24. For Wave 4, Egrag Crypto predicts another major retracement similar to Wave 2. However, this time, the analyst believes XRP could decline by either 14.6%, 23.6%, or 38.2% from Wave 3’s price high. This correction would mark a 65% drop from Wave 3’s peak, bringing the cryptocurrency’s price down to $8. He also highlights a worse-case bearish scenario where XRP crashes as low as $3.4. Notably, Egrag Crypto shares three potential bullish targets for Wave 5, the final part of the Elliott Wave Structure. He forecasts that the altcoin could surge between $32 to $48, $60 to $70, or $95 to $110. The analyst has based his optimistic forecast on past cycle trends, where 2017 saw a major price rally for XRP. Bollinger Bands Creator Says The Asset To Become Leader In other news, Bollinger, the creator of the renowned Bollinger Band technical analysis tool, has highlighted XRP in his latest post, questioning whether it could take a leading role in the crypto market. The technical analyst asserts that Ripple has held up better than other primary crypto vehicles. Related Reading: Analyst Says Only Buy XRP If It Reaches This Level Considering its legal battles with the US SEC and present regulatory challenges, Ripple continues to remain resilient, aiming to gain clarity during the final stages of the five-year-long lawsuit. Meanwhile, the XRP price, which is currently trading at $2.4, has experienced a recent uptick, increasing by almost 4% in the last day, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Crypto analyst EXCAVO has alluded to the potential Litecoin ETFs and how they spark a massive price surge for LTC. The analyst also revealed how high LTC could rally to at the end of this bull cycle thanks to these ETFs. How The Litecoin ETFs Could Drive LTC’s Price To $800 In a TradingView post, EXCAVO highlighted the Litecoin ETFs as one of the factors that could drive LTC’s price to $800 at the end of the cycle. He noted that Litecoin is just a fork of Bitcoin, and there is not much technology in it. However, he added that a decentralization and adoption issue is occurring, making LTC a suitable candidate for a potential ETF. Related Reading: Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin The analyst indicated that these Litecoin ETFs are one of the bullish fundamentals that could send LTC to this price target. Grayscale. Canary Capital and CoinShares have all applied with the SEC to offer a Litecoin ETF. According to Bloomberg analysts Eric Balchunas and James Seyffart, there is a 90% chance of the US SEC approving these funds this year. As such, if approved this year, these Litecoin ETFs could easily send the LTC price to $800, as EXCAVO predicted. Meanwhile, from a technical analysis perspective, the analyst also stated that the crypto has a standard triangle with horizontal resistance on top. He added that such resistances tend to break out strongly. As such, the analyst is confident that LTC can reach $800 in this cycle thanks to its bullish fundamentals and technicals. EXCAVO also alluded to the LTC/BTC pair, noting that the fall has stopped and the bottom has been minimized. In line with this, he remarked that he expects an upward jump soon enough. LTC Is Headed To $180 In The Short Term In an X post, crypto analyst Dom opined that the Litecoin price is headed to $180. This came as he explained why he doesn’t believe LTC has topped in this cycle. Alluding to historical patterns, the analyst asserted that Litecoin’s chart is nothing like a topping formation. He added that tops have always been put in quickly. Related Reading: Forget Bitcoin Holders: Litecoin Investors Are The Real Diamond Hands, According To This Metric Dom also remarked that Litecoin’s price is bullish, above the all-time high (ATH) Volume-weighted average price (VWAP). However, he added that a full invalidation would be an acceptance below $103. Meanwhile, crypto analyst Crypto Bullet highlighted how “LTC will fly soon.” His accompanying chart showed that the Litecoin price could reach $210 when this parabolic rally happens. Crypto analyst Charting Guy is also bullish on Litecoin, describing it as XRP 2.0, indicating that it could make a comeback like XRP did last year. At the time of writing, the Litecoin price is trading at around $123, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Amid yesterday’s crypto market slump, the US Securities and Exchange Commission (SEC) approved the first-ever dual Bitcoin (BTC) and Ethereum (ETH) index exchange-traded funds (ETFs) from Franklin Templeton and Hashdex. The ETFs are scheduled for launch in January 2025. SEC Approves First Dual Bitcoin-Ethereum Index ETFs For the first time, the US financial regulator has […]
Donald Trump has nominated Paul Atkins, a pro-crypto former SEC commissioner, to replace Gary Gensler as SEC chair.
President-elect Donald Trump is set to nominate former SEC Commissioner Paul Atkins to lead the Securities and Exchange Commission (SEC), reinforcing his commitment to a crypto-friendly administration. This announcement follows the resignation of current SEC Chair Gary Gensler, whose last day in office will coincide with Trump’s inauguration on January 20. Clearer Crypto Regulations Ahead? […]
The crypto market has seen a massive rally following Donald Trump’s victory in the US presidential elections. For the past week, the sector’s expectations for the newly elected pro-industry administration have grown as a clearer regulatory framework seems within reach. However, some believe the Securities and Exchange Commission (SEC) still needs to do more to […]
A recent legal dispute surrounding token airdrops has gathered the support of prominent crypto lobbying organizations, including the Blockchain Association and the Crypto Council for Innovation. These Washington, D.C.-based lobbying groups have filed an “amicus brief” backing apparel brand Beba in its lawsuit against the US Securities and Exchange Commission (SEC). Related Reading: Memecoins Thrived […]
At the TOKEN2049 conference, SkyBridge Capital founder Anthony Scaramucci revealed that US Vice President and Democratic nominee Kamala Harris is working alongside industry advocates on her crypto policies before the November elections. Related Reading: Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next? Kamala Harris “Distancing” From Warren And Gensler On Thursday, Anthony Scaramucci claimed to be “working alongside” Kamala Harris to develop her campaign’s crypto policies. SkyBridge Capital’s founder announced at one of the largest crypto events worldwide that the Democratic nominee has been “hearing out” industry proponents. Scaramucci and other undisclosed crypto and Bitcoin advocates have been allegedly pushing the US VP to back industry-friendly policies. These talks have been seemingly “making progress” and “going in the right direction,” he stated at the event. Moreover, the industry advocates working alongside Harris “want to prevent” crypto policies from becoming a partisan issue, aiming for “crypto in the U.S. to have a bipartisan standard unstrained from political and tribal conflicts.” Scaramucci also stated that they are working to “distance” the Democratic Party from figures like Senator Elizabeth Warren and Gary Gensler, who have had a big role in the US’s crackdown on the industry. The Democratic candidate’s stance on the sector has been heavily speculated since she was nominated. Nonetheless, Harris, whose stance remains undisclosed, has been endorsed by several industry figures, including Ripple’s co-founder Chris Larsen and Bitcoin bull Mark Cuban. Who Is The Crypto Industry’s ‘Favorite’ Candidate? At the TOKEN2049 panel, Scaramucci also commented on his feelings about former US president Donald Trump. He applauded the Republican candidate for understanding the industry’s importance, claiming that he has changed the landscape ahead of the elections: Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States, and I think ironically, he’s pulling the Democrats along into a centrist position on regulation. Trump’s stance has pushed the Biden-Harris administration toward a more industry-friendly approach in the past few months. In a recent interview with CNBC, Cardano’s founder, Charles Hoskinson, also suggested that Trump might be the favorite option from a crypto perspective. To him, the Republican candidate is the clear industry favorite as he has openly embraced the sector, even launching a DeFi project. The community has also launched several Trump-inspired memecoins throughout his campaign, which lead the PolitiFi token sector. Related Reading: Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key Since the presidential debate on September 10, the US VP has challenged the Republican candidate’s winning odds. Prediction markets like Polymarket show that Harris’s chances of winning surpass Trump’s by 3%, with 51% odds in her favor. Nonetheless, Hoskinson considers that regardless of who wins the election, the world will continue to move toward crypto adoption. “The world, with or without America, is embracing cryptocurrencies,” he stated. As of this writing, Bitcoin, the largest cryptocurrency by market capitalization, is trading at $63,480, an 8% increase in the past week. Featured Image from Unsplash.com, Chart from TradingView.com
Democratic nominee Kamala Harris’ winning odds increased following the presidential debate with Republican candidate Donald Trump. As the former US president and the Vice President’s chances tied in the polls, the flagship cryptocurrency’s price saw a mild 1.5% decline. Many investors awaited the mention of Bitcoin (BTC) and digital assets but were disappointed as the […]
The crypto industry seems excited and expectant following the US Securities and Exchange Commission (SEC)’s final approval of spot Ethereum Exchange-Traded Funds (ETFs). As investors await the official launch of the investment product, many have discussed the implications of today’s debut. Related Reading: Profit from the Dip: Hong Kong To Debut Asia’s First Inverse Bitcoin […]
Ethereum (ETH)’s struggles to regain the last cycle’s heights have brewed a bearish sentiment among some sectors of the crypto community. Its performance during Q2 has seemingly continued to fuel the sentiment. However, with rumors of an ETH ETF (Exchange-Traded Fund) approval being around the corner, analysts believe the ‘King of Altcoins’ is about to hit the “ETH season.” Related Reading: Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React? Will Ethereum Spot ETF Come Next Week? On Wednesday, Reuters revealed sources close to some investment firms believe that Ethereum ETFs will be approved next week. The rumors follow the Securities and Exchange Commission (SEC) Chair, Gary Gensler, comments regarding the investment products’ approval. Earlier this week, Gensler spoke at the Bloomberg Invest Summit, revealing that the approval process is “working smoothly.” The launch of the highly anticipated products is expected to come this summer and could be as early as July. According to Reuters, industry executives and lawyers involved with the applicants believe the Ethereum ETF could be approved within the next two weeks. Per the report, the ETH approval could come as soon as July 4. A month ago, ETH’s price soared by over 30% in anticipation of an SEC’s approval, going from the $3,000 mark to the $3,900 price range. Since then, the second-largest cryptocurrency has retraced to the $3,200 support zone. Nonetheless, the ‘King of Altcoins’ saw a positive impact from the recent ETF rumors. Ethereum rose by 2.5% following the news, recovering the $3,400 support zone it lost at the beginning of the week. Is ‘ETH Season’ Around The Corner? Crypto analyst Jelle believes that ETH might be ready for take-off despite the expectations of “an underwhelming ETF launch.” To the analyst, ETH “looks ready for a massive push higher” as it tests key levels the week before the alleged approval. Per his chart, the cryptocurrency is testing the support of a downtrend within the accumulation range. Jelle considers that if ETH pushes into $4,000 again, it might not “stop anytime soon.” To him, the “nearly three years in the making breakout” into the expansion zone will kickstart the “ETH season.” Similarly, Daan Crypto Trades pointed out that Ethereum is still consolidating against a “massive 2-year-long downtrend line.” Per the trader, the May pump highs are the place to break. A “higher high above 0.0575” would “flip the market structure to bullish.” Moreover, Crypto Yoddha highlighted the falling wedge pattern in the ETHBTC chart. The trader suggested that a breakout will come “anytime now.” This analysis was also shared by trader Miky Bull, who considers Ethereum “fully ripe for a rally from the retest of fib .618 level.” Related Reading: Ethereum Price Roadblocks: What’s Hindering A Fresh Increase? Despite being down by over 10% from the May pump, ETH has seen a 3.6% increase in the last 24 hours. As of this writing, the ‘King of Altcoins’ is exchanging hands at $3,450. Featured Image from Unsplash.com, Chart from TradingView.com
The US presidential candidates are looking for crypto voters’ support as the elections approach. The Biden administration recently took a 180-degree turn on its stance on digital assets. This change of gears was seemingly fueled by Republican Candidate Donald Trump’s endorsement of digital assets during his campaign. Related Reading: Cryptocurrency Gains Momentum Among Democrats: Ex-Rep […]
On Tuesday, the crypto industry was shaken after news of the indictment of one of a Bitcoin early investors broke. Per the reports, the US Department of Justice (DOJ) pressed multiple charges against Roger Ver, a controversial figure in the space known as “Bitcoin Jesus.” Experts and figures within the community have expressed their sentiments […]
Ethereum (ETH) has faced some regulatory turmoil amid rumors of a rejection of ETH spot exchange-traded funds (ETF) in May. The second largest cryptocurrency has also been in the spotlight after a key component in its ecosystem, Consensys, sued the US Securities and Exchange Commission (SEC) for “unlawful seizure of authority” over the asset. The […]