In a chart shared by crypto analyst Ali Martinez, XRP has broken out of a descending channel commonly identified as a “bull flag,” signaling a potential continuation of its recent upward trend. The move sets the stage for a push toward $4.40, based on Fibonacci extension levels. XRP Price Eyes $4.40 According to the two‐hour Binance chart provided, XRP initially rallied from roughly $2.3374 on January 13 to a local high of $3.3509 by January 17, marking a swift rise that established the so‐called flagpole. After reaching this local high at $3.3509, the price shifted into a consolidation phase, moving within a downward‐sloping channel from January 17 through January 19 and briefly dipping below the 0.786 Fibonacci retracement level at $3.1021 before rebounding. The breakout above the channel’s upper boundary, which transpired around $3.20 on January 20, is seen as a classic confirmation of a bull flag. A bull flag pattern comprises two key segments: the rapid, nearly vertical ascent (flagpole) and the subsequent, more gradual consolidation (flag). When an asset’s price closes decisively above the upper trendline of the flag, traders generally interpret it as a signal that the prior uptrend is likely to resume. Related Reading: XRP Whale Binance Deposits Skyrocket: Key Holders Preparing For Profit-Taking? In this specific setup, the distance of the flagpole is measured from the swing low at $2.3374 to the swing high at $3.3509, which yields a gain of about $1.01. Analysts then add that distance to the breakout level near $3.20 to approximate a price target in the $4.20 region. Martinez’s chart, however, also includes Fibonacci extensions that provide more granular potential targets, anchored at 0% ($2.3374) and 1 ($3.3509). These extensions appear at 1.272 ($3.6958), 1.414 ($3.8889), 1.618 ($4.1863), and 1.786 ($4.4475). The analyst cites $4.40 as the primary bullish objective, aligning closely with the 1.786 extension level. Related Reading: XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight As per Martinez’s chart, XRP traded near $3.29, hovering just below the local high at $3.3509. If the cryptocurrency can hold above the breakout zone and ultimately surpass $3.3509, the chart’s technicals suggest a potential climb toward successive extension levels in the high $3 range and ultimately toward $4.40. The significance of the $4.40 target lies in its convergence of Fibonacci analysis with the classic bull flag projected move, giving traders a clear upside marker to watch for continued momentum. While short‐term fluctuations are always possible in volatile crypto markets, the breakout from the flag consolidation has offered a notably bullish signal, contingent on XRP’s ability to maintain support around $3.20 and build enough volume to breach the $3.3509 threshold. Notably, XRP couldn’t defend the breakout. At press time, XRP fell back into the channel and traded at $3.06. Thus, XRP bulls need to step up one more time to revalidate the scenario. Featured image created with DALL.E, chart from TradingView.com
The Treasury will begin extraordinary measures, potentially draining the TGA account in a positive development for risk assets, including BTC.
Dogecoin enthusiast Elon Musk is now reportedly in sole charge of the government streamlining and cost saving unit.
The crypto market saw significant turbulence, with the TRUMP and MELANIA memecoins plunging 26% and 54%, respectively, over the past day.
The evolution of blockchain continues at pace. It’s time to examine progress, challenges and future potential in humanitarian and development sectors.
While the launch of meme coins from the Trump family marks a milestone in crypto, some say it still represents a "concerning trend."
Shortly after assuming the chair of the President of the United States of America, Republican leader Donald Trump, known for his pro-crypto stance, has cancelled several controversial actions taken by his predecessor, Joe Biden. Importantly, he has revoked the executive order aimed at creating a framework for AI regulation in the US, indirectly proclaiming his …
The crypto market today has taken a slight detour to the south, as the industry’s market cap fell slightly by 1.19% to $3.15 trillion. In the meantime, the intraday volume of business saw a significant hit, plunging by 10.68% to $313.32 billion. In the thick of sell-offs, the BTC price fell to $101k, and the …
The X account @TrumpDailyPosts has become the target of hackers who used it to spread several fake meme coin addresses. The hacked account has continued to promote several fake meme coins, and the $POWER token among them. A Web3 anti-scam platform, Scam Sniffer, reveals that hackers are creating and deleting posts related to scams. Again, …
Donald Trump’s presidency is only a few minutes old, and already several lawsuits have been filed against him. The lawsuits are about a new advisory group, DOGE (Department of Government Efficiency), which has raised concerns due to its questionable structure and lack of proper government oversight. The American Federation of Government Employees (AFGE) and the …
Donald Trump has undone Joe Biden’s October 2023 executive order that established a framework for AI, including reporting mechanisms for companies.
An address on the Solana blockchain associated with famed onchain sleuth ZachXBT has apparently cashed out on a memecoin named after him.
As the 47th President of the United States, Donald Trump has stirred the crypto world with policies and actions that could redefine the industry’s trajectory. From regulatory reforms to the launch of official Trump-branded tokens, his administration is making bold moves that are set to impact Bitcoin, Ethereum, Solana, and beyond. Crypto influencer VirtualBacon highlighted …
Circle CEO Jeremy Allaire believes President Donald Trump is gearing up to make big moves in the crypto world. He expects Trump to issue executive orders soon, allowing banks to trade and hold cryptocurrencies and offer crypto investments to wealthy clients. Trump, who has called himself a “crypto president,” is expected to push for fewer …
Crypto industry executives and investors are confident about the road ahead for digital assets despite Donald Trump’s silence on crypto in his first-day actions.
El Salvador bolstered its Bitcoin reserve with 12 more BTC, bringing its total to 6,044 BTC, worth over $617 million. This move comes despite a $1.4 billion IMF deal requiring reduced Bitcoin activities. President Nayib Bukele’s administration reaffirmed its commitment to Bitcoin, even as private sector adoption remains voluntary. The nation’s BTC holdings show a …
World Liberty Financial (WLFI), the Trump family-backed crypto project, boasts the largest Ethereum (ETH) holdings among its assets. With 56,969 ETH valued at $184 million, Ethereum accounts for 57% of WLFI’s portfolio. Other notable holdings include 54 million USDC, 456.777 WBTC, 4,747 STETH, 19,399 AAVE, 256,315 LINK, 5.779 million ENA, and 19.298 million TRX. WLFI’s …
As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest crypto moves. On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community. As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA. BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump’s inauguration, Bitcoin’s price jumped 8.5% to its new all-time high of $109,588. Daan Crypto Trades noted BTC’s good start to the week after it “opened up with a small CME gap today but closed that straight away and went straight to new all-time highs,” adding that it will be an interesting week. Daan also signaled that today would likely be a “very volatile day in both directions” for the market but advised investors to “focus on what you expect for Q1 and not the next day.” BTC Price To Continue Soaring? Crypto analyst Altcoin Sherpa suggested that BTC’s price could see short-term volatility depending on Trump’s comments during his Inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated, adding that a lack of mention could start a momentary pullback. Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated, “History suggests this first Price Discovery Correction is now over.” According to the analyst, the December retrace was part of BTC’s “post-halving Parabolic Upside Phase.” Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase. Related Reading: Solana Bulls Counter Bearish Pressure To Keep Price Above $240 After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained that “Bitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.” Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, which “looks like Bitcoin wants to get it over with.” The analyst suggested that the flagship crypto won’t “be waiting much longer,” adding that the long-term target remains $140,000. As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Gary Gensler is officially out as the chairman of the U.S. Securities and Exchange Commission (SEC), and crypto-friendly Republican Commissioner Mark Uyeda is stepping in as acting chair. President Donald Trump has appointed Uyeda, a current SEC commissioner and Bitcoin supporter, as the acting chairman of the Securities and Exchange Commission (SEC) just hours after …
Crypto exchange GRVT has raised $5 million in equity funding from Further Ventures, a VC firm backed by Abu Dhabi's sovereign wealth fund ADQ.
Dogecoin started a downside correction from the $0.4050 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it clears the $0.3680 resistance. DOGE price started a fresh decline below $0.4050 and $0.380. The price is trading below the $0.3750 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3650 and $0.3680 resistance levels. Dogecoin Price Dips To Support Dogecoin price started a fresh decline from the $0.4050 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.400 and $0.380 support levels. It even spiked below $0.350. A low was formed at $0.3380 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. There is also a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3650 level and the trend line. The first major resistance for the bulls could be near the $0.3680 level or the 61.8% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. The next major resistance is near the $0.3750 level. A close above the $0.3750 resistance might send the price toward the $0.3860 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.3750 level, it could start another decline. Initial support on the downside is near the $0.340 level. The next major support is near the $0.3380 level. The main support sits at $0.3250. If there is a downside break below the $0.3250 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.3380 and $0.3250. Major Resistance Levels – $0.3650 and $0.3750.
Ripple’s XRP is currently down by more than two percent and is trading at $3.05 levels. The price is attempting to break above its all-time high territory and while there was an attempt to do so a few days ago, it was not a sustained breakout. However, XRP is gaining attention, with upcoming developments like …
The exchange recently listed official memecoins from U.S. President Donald Trump and First Lady Melania Trump.
Options continue to show a bias for BTC relative to ETH despite Trump bypassing any mention of strategic bitcoin reserve in his inaugural speech on Monday.
XRP price started a fresh increase above the $3.250 level. The price is holding gains and might start another increase if it clears the $3.180 resistance. XRP price traded toward the $3.35 level before it corrected some gains. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $3.00 support. XRP Price Holds Support XRP price managed to start a fresh increase above the $3.050 and $3.150 resistance levels. The price even cleared the $3.20 resistance level, but underperformed Bitcoin. A high was formed at $3.3625 before there was a downside correction. There was a drop below the $3.15 level. A low was formed at $3.00 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 23.6% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also key rising channel forming with support at $3.0650 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.180 level or the 50% Fib retracement level of the downward move from the $3.3625 swing high to the $3.00 low. The first major resistance is near the $3.225 level. The next resistance is $3.350. A clear move above the $3.350 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.550 in the near term. The next major hurdle for the bulls might be $3.650 and a new all-time high. Another Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.0650 level. The next major support is near the $3.00 level. If there is a downside break and a close below the $3.00 level, the price might continue to decline toward the $2.880 support. The next major support sits near the $2.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.0650 and $3.00. Major Resistance Levels – $3.180 and $3.220.
Vivek Ramaswamy said on X he was leaving the Department of Government Efficiency and was “confident that Elon and the team will succeed in streamlining government.”
Ethereum price remained below the $3,500 resistance while Bitcoin rallied. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,450 and corrected gains. The price is trading below $3,300 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,325 resistance level. Ethereum Price Stuck In A Range Ethereum price started a decent upward move above the $3,300 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,450 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,203 and the price is now consolidating losses. There was a minor increase above the $3,240 level. The price tested the 23.6% Fib retracement level of the recent drop from the $3,444 swing high to the $3,203 low. Ethereum price is now trading below $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,260 level. The first major resistance is near the $3,320 level or the 50% Fib retracement level of the recent drop from the $3,444 swing high to the $3,203 low. The main resistance is now forming near $3,350. There is also a short-term contracting triangle forming with resistance at $3,370 on the hourly chart of ETH/USD. A clear move above the $3,370 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,325 resistance, it could start another decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150. A clear move below the $3,150 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,325
A potential pardon for Ulbricht could spark debates on justice reform and the ethical implications of digital marketplaces.
The post Elon Musk says Trump will free Ross Ulbricht appeared first on Crypto Briefing.
Bitcoin price started a short-term downside correction after setting a new all-time high. BTC is consolidating above $101,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $109,000 zone. The price is trading below $104,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Sets New ATH Bitcoin price started a decent upward move above the $102,000 zone. BTC was able to climb above the $104,500 and $103,800 levels. The bulls even pushed the price above the $107,000 level. The price traded to a new all-time high at $109,112 and recently there was a downside correction. There was a drop below the $104,500 and $103,500 levels. The price even dipped below $102,000. A low was formed at $100,114 and the price is now rising. There was a move toward the 23.6% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low. Bitcoin price is now trading below $104,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $104,000 level. Besides, there is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $104,500 level or the 50% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low. A clear move above the $104,500 resistance might send the price higher. The next key resistance could be $106,500. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $109,500 level. More Losses In BTC? If Bitcoin fails to rise above the $104,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $104,000 and $105,500.
On-chain data shows the XRP whales have been making a large amount of inflow transactions to Binance recently, a sign that may not be ideal for the asset’s price. XRP Whales Have Made A High Number Of Transactions To Binance Recently As explained by an analyst in a CryptoQuant Qucktake post, the XRP Whale to Exchange Transactions metric has spiked for the cryptocurrency exchange Binance recently. Related Reading: Crypto Liquidations Cross $300 Million As Bitcoin Reclaims $102,000 The “Whale to Exchange Transactions” here is an on-chain metric that keeps track of the total number of transfers that are taking place from whale entities to wallets associated with a given centralized exchange. Whales refer to the largest of investors on the network, who can hold some degree of influence in the market thanks to their huge holdings. As such, this cohort can be worth keeping an eye on. One way to monitor their movements is through the Whale to Exchange Transactions. When the value of this metric is high, it means the whales are making a high number of moves to the platform. As one of the main reasons why investors use exchanges is for selling-related purposes, this kind of trend can be a sign that the large holders are looking to sell. On the other hand, the indicator being low can imply this group isn’t interested in trading away the cryptocurrency as it’s not making too many exchange-related transfers. Now, here is the chart shared by the quant that shows the trend in the 7-day simple moving average (SMA) of the XRP Whale to Exchange Transactions for Binance over the past couple of years: As is visible in the above graph, the 7-day SMA XRP Whale to Exchange Transactions for Binance registered an extremely large value just before the latest price rally beyond the $3.3 mark. Related Reading: XRP Surges Past $3.2 As Whale Activity Spikes 81% The timing would imply that these humongous investors may have been anticipating the run, so they made the transfers in order to appropriately reposition themselves. So far, XRP has managed to hold around its highs, meaning that the whales may not have yet pulled the trigger on their selling. It only remains to be seen, though, how long these investors would keep sitting on their profits, especially if the cryptocurrency continues its recent trend of sideways movement. XRP Price XRP has been one of the best performers among the top coins by market cap during the past week, with its price noting a surge of more than 38%. While the run started off strong, it has seen a cooldown in the last few days as the asset has seen overall flat consolidation. The below chart shows how the asset’s price has behaved during the past month. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com