With the recent market recovery, the XRP price has been able to confirm an important Wave 3 move that was earlier highlighted by crypto analyst Dark Defender. Since this move has been completed, it is now time for the cryptocurrency to move into the next stage of the analysis. At this junction, there is a simple roadblock to a continuation of the rally and that lies at $3.13. In the follow-up analysis, Dark Defender reveals what could happen if the XRP price were to either break or get rejected at this level. What To Expect From The XRP Price In the analysis, Dark Defender highlighted that there is a possibility of some downside after the XRP price hits the 3rd Wave target. This 3rd Wave target sits between $3.01 and $3.07, and the initial run-up on Tuesday had seen the cryptocurrency quickly clear this level. Related Reading: XRP Price Setting Up For Next Leg With Expected Targets Reaching $19.27 The next wave that could trigger the expected downtrend is Wave 4, which is historically bearish. This is not out of the ordinary, as a bullish wave, such as the 3rd Wave, will usually see a correction. This correction can often present an opportunity for bulls to reload while the Wave 4 plays out. However, there is another important wave in this mix, and that is the E Wave. As the crypto analyst explains, for this wave to play out, it would be entirely dependent on where the price goes. From here, the next major level is $3.13, and that is the make-or-break level. Now, if the bulls are able to completely break the resistance at $3.13 and continue further, then it would invalidate any bearish wave. But in the case of a full rejection and the price bouncing back, then the E wave could be triggered for the XRP price. Related Reading: Bitcoin Price To $150,000, Ethereum At $8,000, And An Altcoin Season? Analyst Reveals When In the event of an E Wave trend, the XRP price would be expected to see a steep decline. This would go through all of the important Fibonacci levels, and the crypto analyst explains that it could send the XRP price tumbling back down to as low as $2.74. Nevertheless, for now, the D wave remains in play, suggesting stronger dominance from the bulls. Once the Wave 4 is completed, then the last and final wave, the Wave 5, is expected to play out. This is historically the most bullish wave and could be responsible for a break above $3.13. Featured image from Dall.E, chart from TradingView.com
Chainlink has joined forces with UBS, a global wealth manager, and DigiFT, a regulated real-world asset exchange, to automate tokenized fund operations on-chain. This partnership, supported by Hong Kong’s Cyberport program, uses Chainlink’s smart contracts to streamline investor orders and fund management. The solution reduces manual errors, speeds up processes, and increases transparency. This collaboration …
Discover how Hyperliquid, a lean, self-funded layer-1 DeFi exchange, reached $330 billion in monthly volume in July 2025.
The U.S. Consumer Price Index (CPI) report is set to be released today at 8:30 a.m. ET, and markets are bracing for impact. With Wall Street consensus pointing to 2.9% inflation, traders are preparing for sharp volatility across stocks and crypto, particularly Bitcoin (BTC) and altcoins. CPI Data Forecast Analysts expect a 0.3% monthly rise …
BTC and ETH 25-delta risk reversals trade negative, indicating a bias for downside protection ahead of the inflation data.
Bitcoin has long been cast as a technology experiment, a decentralized project pushing the boundaries of finance. But according to GetBit CEO Abhay Agarwal, that perception misses the point. “Bitcoin functions less like a tech project and more like a monetary asset,” the executive said in an exclusive interview with Coinpedia. “It is closer to …
Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it may be on the brink of an “inevitable collapse.” In a recent investor letter reported by Fortune, the firm attributed the inflation of this so-called “crypto bubble” to the perceived endorsement from the White House, particularly during President Donald Trump’s administration. Impending Crypto Collapse Ahead? The letter articulated fears that the US government’s backing of cryptocurrencies could undermine the dollar’s position as the world’s primary reserve currency. Related Reading: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma Elliott Management highlighted that the dramatic rise in crypto prices, allegedly tied with Trump’s promotion of digital assets, poses risks not only to individual investors but also to the broader economy. The firm warned that the impending collapse of the alleged crypto bubble could have unforeseen repercussions, potentially destabilizing financial markets. Elliott’s letter pointed to what they call “speculative nature” of the current crypto market, where a surge of investment appears to be driven more by hype than by intrinsic value. The firm noted it had “never seen a market like this,” where investors are drawn to assets, particularly memecoins, that lack substantial backing. They assert that this “speculative fervor,” likened to the behavior of sports bettors, has attracted a wave of new investors hoping for continued price increases without a solid foundation. Concerns Mount Over US Dollar’s Future Elliott expressed particular concern about Trump’s vocal support during his campaign and his involvement in several crypto-related ventures have contributed to a perception of legitimacy surrounding the sector. Trump and his sons have been increasingly leaped into the digital asset sector with ventures such as World Liberty Financial (WLFI), American Bitcoin (ABTC) and the launch of the President’s official memecoin, TRUMP, which have sparked considerable criticism among Democrats. Elliott cautioned that such endorsements could marginalize the dollar, which the firm described as “profoundly dangerous.” The establishment of a national reserve for digital assets, as proposed by the Trump administration, further complicates this scenario, potentially diluting the dollar’s influence in the global economy. The letter also stressed the need for caution among investors, warning that many are placing their bets on a volatile market based on “speculative trends rather than sound financial principles.” Related Reading: Solana And XRP ETFs Smash New Records In Canada Despite the firm’s stark warning, cryptocurrency prices rebounded on Wednesday. The leading cryptocurrency, Bitcoin (BTC), was trading at $113,450 when writing, after consolidating for days between $110,000 and $112,000. Furthermore, the recent passage of the GENIUS Act—the first crypto bill signed by President Trump—is expected to enhance the use of the US dollar as a complement to stablecoins, thereby updating the broader financial system. Wall Street giants Morgan Stanley, Citi, Bank of America, and JPMorgan Chase have all also expressed their willingness to enter the sector. This highlights the administration’s progress in developing a new framework that could mitigate risks while accelerating the adoption of digital assets. Featured image from DALL-E, chart from TradingView.com
VanEck plans to file for a Hyperliquid (HYPE) spot staking ETF in the U.S. and launch an exchange-traded product (ETP) in Europe. The ETF will give U.S. investors easier access to HYPE and may encourage major exchanges to list the token. Additionally, VanEck is considering using part of the fund’s profits to buy back HYPE …
The crypto market is swinging with volatility as investors wait for the Federal Reserve’s September 17th policy meeting. With many expecting a FED interest rate cut, sentiment is split between fear and optimism. But within this uncertainty, analysts are pointing to four top altcoins that could outperform both before and after the decision. Sui (SUI) …
On September 10, spot Bitcoin and Ethereum ETFs reported strong inflows. According to SoSoValue, Bitcoin ETFs recorded $757.14 million in net inflows, while Ethereum ETFs added $171.54 million. Bitcoin ETF Breakdown Bitcoin spot ETFs saw a combined inflow of $757.14 million. Fidelity’s FBTC led with $299.98 million, followed by BlackRock’s IBIT with $211.16 million. Ark …
Ethereum is getting more powerful backers day by day. Nasdaq-listed Bitmine Immersion Technologies announced a massive addition to its corporate treasury, 446,255 ETH worth around $201 million. It was a bold move that cemented Bitmine’s place as the single largest corporate holder of Ethereum. Following the purchase news, the ETH token price jumped nearly 3% …
The Maelstrom co-founder disclosed nearly $1 million in Ethena as validators prepare to decide the USDH ticker.
Evgeny Masharov, a member of the Russian Civic Chamber, says Russia should start a crypto exchange through a major financial institution.
Litecoin (LTC) has jumped 5.5% in price, outperforming many altcoins. The rally is fueled by strong whale activity, institutional moves, and growing confidence in the network’s fundamentals. Why is the Litecoin Price Rising Today? One of the biggest sparks behind Litecoin’s rally is Grayscale’s filing for a Litecoin ETF. The company, which is already pushing …
Cardano price has been quietly building steam, and this week it finally broke through levels that traders have been monitoring closely. The ADA token is currently priced at $0.8880, up 1.79% in the past 24 hours and more than 8% over the last week. Its market cap now hovers at $31.74 billion, with an intraday …
The Hong Kong Monetary Authority has proposed softer capital requirements for banks holding certain crypto assets, Caixin reported.
Bitcoin could be sent to and from Mars within three minutes by leveraging an optical link from NASA or Starlink and a new interplanetary timestamping system.
Altseason indicators surged to 76 this week, marking the highest crypto market levels since December as altcoins outperformed Bitcoin.
Ether treasury company BitMine has expanded its investment in Ethereum by another $200 million, bringing its ETH stockpile above $9 billion.
Alphractal called Kospi's record high an incremental signal that bitcoin's bull run may be nearing an end.
An analyst has pointed out how Dogecoin could see a rally to $0.50, if the upper boundary of this technical analysis pattern breaks. Dogecoin Is Currently Trading Inside A Parallel Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern forming in the 1-day price of Dogecoin. The pattern in question is a Parallel Channel, which forms when the price of an asset observes movement restricted between two parallel trendlines. Related Reading: Toncoin, Quant Seeing Whale Activity Explosion, Big Move Ahead? The upper line of the channel is likely to provide resistance, while the lower one support. A break out of either of these boundaries can imply a continuation of trend in that direction. There are a few different types of Parallel Channels, depending on how the trendlines are arranged relative to the chart axes. When the trendlines are slopped upward, the pattern is known as an Ascending Channel. Similarly, them pointing down results in what’s called a Descending Channel. In the context of the current topic, the variant of interest is neither of these, but rather the most simple case of Parallel Channels: a channel that’s parallel to the time-axis. This type emerges when an asset observes consolidation in an exactly sideways manner. Here is the chart shared by Martinez that shows the Parallel Channel that the 1-day Dogecoin price has been trading inside for the last few months: As is visible in the above graph, Dogecoin retested the resistance line of the Parallel Channel in July, but ended up finding rejection. The midway line of the channel stabilized the asset’s drawdown and since then, the coin has been moving in a tight range in the upper half of the pattern. Currently, the memecoin’s trajectory is pointing in the direction of the upper level, which is situated at $0.29, but for now, its price remains a notable distance below it. In the scenario that another retest occurs in the near future, the outcome may be interesting to watch, as it could have implications for DOGE’s value. According to the analyst, the cryptocurrency could be looking at the $0.50 mark, if its price can break past this barrier. The target is based on the fact that Parallel Channel breakouts can be of the same length as the width of the channel. Related Reading: Bitcoin’s Most Resolute Diamond Hands Are Only Growing Older, Data Shows From the current price of Dogecoin, a potential bullish breakout to the level would imply a positive return of around 104%. It now remains to be seen how the memecoin develops in the near future, with respect to the Parallel Channel. DOGE Price At the time of writing, Dogecoin is trading around $0.245, up more than 12% over the last week. Featured image from Dall-E, charts from TradingView.com
Goldman Sachs CEO David Solomon anticipates one or two more rate cuts, depending on how “economic conditions play out.”
Ethereum futures trading has surged as speculators pile in, even as institutional investors rotated capital into spot Bitcoin ETFs.
Crypto edged higher with bitcoin near $114K and DOGE leading, while a CF Benchmarks model says BTC trades below fair value relative to money supply growth, a pattern that has preceded rallies.
Bankruptcy has offered no “safe harbor” for Nathan Fuller, as a Texas judge denied discharge in his $12.5M crypto scheme.
The U.S. Securities and Exchange Commission (SEC) is changing course on how it regulates cryptocurrencies. At the inaugural OECD Roundtable on Global Financial Markets in Paris, SEC Chairman Paul S. Atkins declared that the “era of uncertainty is coming to an end,” with America preparing to embrace digital assets as part of its financial system. …
World Liberty Financial (WLFI), backed by Trump, has launched Project Wings in partnership with Bonk.fun and Raydium. The initiative offers promotional rewards for trading USD1 pairs on Bonk.fun to encourage wider stablecoin use and activity in the Solana ecosystem. This collaboration aims to increase trader engagement and support Solana’s growth as a key DeFi platform …
Avalanche Foundation is working to set up two US crypto treasury companies and aiming to raise $1 billion for discounted AVAX purchases. The first, run by Hivemind Capital and advised by Anthony Scaramucci, targets $500 million through a Nasdaq-listed firm. The other, a $500 million SPAC backed by Dragonfly Capital, signals strong institutional momentum for …
Despite facing resistance near $3.02, the market structure suggests accumulation, with bulls defending support around $2.98 as traders gauge momentum for a push toward higher extension levels.
Bitcoin ETFs draw $757 million in flows while ETH ETFs bring in $171.5 million.