Author: dfmines

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XRP price is consolidating gains above the $1.050 support zone. The price could soon aim for more gains above the $1.180 resistance zone. XRP price started another increase above the $1.080 resistance. The price is now trading above $1.0850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could soon gain bullish momentum if it stays above the $1.00 support zone. XRP Price Aims Higher XRP price formed a base above the $1.00 level and recently started a fresh increase. It outperformed Bitcoin and Ethereum with a move above the $1.050 and $1.080 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $1.2745 swing high to the $0.9988 low. The bulls even pushed the price above the $1.150 resistance level before the bears appeared. It seems like the price faced resistance near $1.170. The 61.8% Fib retracement level of the downward move from the $1.2745 swing high to the $0.9988 low is acting as a hurdle. However, there is a key bullish trend line forming with support at $1.100 on the hourly chart of the XRP/USD pair. The price is now trading above $1.080 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.1680 level. The first major resistance is near the $1.200 level. The next key resistance could be $1.2740. A clear move above the $1.2740 resistance might send the price toward the $1.3220 resistance. Any more gains might send the price toward the $1.3500 resistance or even $1.3620 in the near term. The next major hurdle might be $1.450. Are Dips Supported? If XRP fails to clear the $1.1680 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.100 level and the trend line. The next major support is near the $1.060 level. If there is a downside break and a close below the $1.060 level, the price might continue to decline toward the $1.000 support in the near term. The next major support sits near the $0.980 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.1000 and $1.0600. Major Resistance Levels – $1.1700 and $1.2000.

Ethereum price started a consolidation phase near the $3,000 zone. ETH is slowly moving higher and might aim for a fresh surge above $3,220. Ethereum is consolidating and facing hurdles near $3,220. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,220 resistance zone. Ethereum Price Faces Hurdles Ethereum price remained supported above the $3,000 level like Bitcoin. ETH formed a base and recently moved above the $3,120 and $3,150 resistance levels. There was a break above a key bearish trend line with resistance at $3,130 on the hourly chart of ETH/USD. The pair even cleared the $3,200 level and tested $3,220. A high was formed at $3,224 before there was a pullback. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,051 swing low to the $3,224 high. Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,200 level. The first major resistance is near the $3,220 level. The main resistance is now forming near $3,250. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,140 level or the 50% Fib retracement level of the upward move from the $3,051 swing low to the $3,224 high. The first major support sits near the $3,050 zone. A clear move below the $3,050 support might push the price toward $3,000. Any more losses might send the price toward the $2,940 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,140 Major Resistance Level – $3,220

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The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned.  

Goldman Sachs is planning to spin off its digital assets platform into an independent company, aiming to enable large financial firms to create, trade, and settle instruments via blockchain. Mathew McDermott, Goldman’s global head of digital assets, revealed that the initiative is in early stages, with a spin-out goal set within 12 to 18 months, […]

The CryptoQuant founder has shared a model for Bitcoin that suggests the cryptocurrency’s maximum price could lie around $135,000 right now. Bitcoin Model Established On Realized Cap Could Reveal Price Ceiling & Floor In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a BTC pricing model that’s based on the Realized Cap. The “Realized Cap” here refers to an on-chain valuation model for Bitcoin that assumes the ‘real’ value of any coin in circulation is the price at which it was last transacted on the blockchain. Related Reading: Dogecoin Price Down 7%, But Whales Continue To Buy For any token, its last transfer is likely to represent the last instance of it changing hands, so the price at its time could be considered as the token’s current cost basis. As such, the Realized Cap is a sum of the cost basis of all coins on the network. Put another way, the Realized Cap measures the total amount of capital that the holders of the cryptocurrency as a whole have invested into it. A new metric can be derived from this indicator by dividing it by the total circulating supply, representing the cost basis for the average token or investor on the chain. This indicator is known as the Realized Price. In the context of the current topic, the Realized Price itself isn’t of interest, but its two multipliers are: 3.9x and 0.75x. Below is the chart shared by Young Ju that shows the trend in these two multipliers of the Realized Price over the history of Bitcoin. In the graph, the CryptoQuant founder has marked the 3.9x multiplier of the Realized Price as BTC’s “ceiling price.” Similarly, the 0.75x multiplier represents the “floor price.” An inspection of the trend in the indicator during the past cycles reveals why the analyst has chosen to do so. It turns out that the asset has generally topped at or slightly above the 3.9x multiplier, while it has reached bottoms at or slightly under the 0.75x multiplier. At present, the ceiling price for the asset is sitting at a value of around $135,741, while the floor price at $26,104. Bitcoin is much higher than the latter right now, but there is also an appreciable distance to the former. Related Reading: Bitcoin Retail Is Finally Back: These Metrics Point To An Explosion In Interest This means that at the current amount of capital invested into the cryptocurrency, it still has room for growth, at least going by the pattern observed throughout history. Naturally, the ceiling price isn’t something that’s certain to remain where it is now for the rest of the bull run, since any further fresh capital inflows into the asset would raise it. But for now, under $136,000 is looking like Bitcoin’s upper limit. BTC Price The Bitcoin rally has hit a pause button recently as the coin’s value is still trading around $90,000 right now. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin price is consolidating gains near the $90,000 zone. BTC is showing positive signs and might soon aim for a fresh increase above $92,000. Bitcoin started a fresh increase above the $90,000 zone. The price is trading above $90,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $89,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $92,600 resistance zone. Bitcoin Price Aims Another ATH Bitcoin price started a short-term downside correction below the $90,000 level. BTC traded below the $88,000 level before it found support. A low was formed at $86,621 and the price is now recovering higher. There was a move above the $90,000 level. A high was formed at $92,607 and the price is now consolidating. It is trading near the 23.6% Fib retracement level of the upward move from the $86,621 swing low to the $92,607 high. Bitcoin price is now trading above $90,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $89,600 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $86,621 swing low to the $92,607 high. On the upside, the price could face resistance near the $92,000 level. The first key resistance is near the $92,500 level. A clear move above the $92,500 resistance might send the price higher. The next key resistance could be $93,200. A close above the $93,200 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $98,000 resistance level. Another Drop In BTC? If Bitcoin fails to rise above the $92,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $90,000 level. The first major support is near the $89,650 level. The next support is now near the $88,000 zone. Any more losses might send the price toward the $86,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $89,650, followed by $88,000. Major Resistance Levels – $92,000, and $92,500.

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Bitcoin’s projected surge to $200,000 gains momentum as analysts cite pro-crypto policies, sovereign-led demand, and growing institutional adoption reshaping the market’s future. As Analysts Reaffirm $200K, the Pressure Mounts on Bitcoin Bears Leading research and brokerage firm Bernstein reiterated in a client note Monday that bitcoin could reach $200,000 by 2025, maintaining its earlier prediction. […]