Category: Cryptocurrency News

XRP has faced a sharp downturn over the past few days, shedding over 23% of its value since Tuesday. This steep correction has mirrored the broader market’s turbulence, intensifying negative sentiment around XRP. However, notable developments are emerging beneath the surface of this bearish price action. Related Reading: Bitcoin Data Reveals No Significant Panic Selling In The Market – Shakeout Or Trend Shift? Key on-chain data from Santiment reveals that whales are taking advantage of the dip. In the last 24 hours alone, these large holders have accumulated an additional 110 million XRP, demonstrating significant confidence in the asset’s long-term prospects. Historically, whale activity during negative sentiment often signals strategic positioning for future gains. This accumulation trend suggests that whales are undeterred by short-term price fluctuations, focusing instead on XRP’s potential in the coming months. As retail traders grow increasingly cautious amidst the recent drop, the actions of these large holders highlight a different perspective. While the immediate outlook for XRP remains uncertain, the notable whale activity is a bullish indicator for the long run. Whether this signals a bottom or simply positions XRP for a broader recovery remains to be seen, but it is clear that big players are looking beyond the current market turbulence. XRP Holding Key Levels XRP is currently trading 28% below its multi-year high of $2.90, but it has managed to stay above a critical support level at $1.90. This zone, regarded as the bulls’ last line of defense, has proven resilient amid recent market volatility. Holding above this level is essential to maintaining the bullish structure that has characterized XRP’s recent price action. Adding to the optimism, key metrics from Santiment, shared by crypto analyst Ali Martinez, reveal that XRP whales have accumulated actively during the pullback. Over the last 24 hours, these large holders have purchased an additional 110 million XRP, underscoring their confidence in the asset’s long-term potential. Historically, whale activity during price dips often signals preparation for a recovery. The next step for XRP to regain momentum is to push above critical supply levels that have previously stalled upward moves. A breakout above these zones could trigger a swift rally, bringing XRP closer to its multi-year high. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details The strong support at $1.90 and continued whale accumulation suggest a positive outlook for the weeks ahead. However, maintaining current levels and overcoming resistance will be crucial for XRP to capitalize on this potential and reignite its bullish trajectory. Technical Levels To Watch  XRP is trading at $2.06, reflecting a loss of momentum after failing to reclaim the crucial $2.60 level. This inability to push higher has left the market uncertain, with XRP holding above the critical $1.90 low. For now, these levels suggest the asset could enter a prolonged period of range-bound trading, oscillating between $1.90 and $2.60 in the coming days. However, market sentiment remains fragile, and this indecision could tilt toward the bearish side if the overall mood doesn’t improve. With XRP trading just above the psychologically significant $2 mark, a continued lack of bullish momentum might lead to a significant selloff. If bears take control, the lack of strong support below $2 could pave the way for a deeper correction, eroding recent gains. Related Reading: Bitcoin Stuck Between $99K And $102K – Analyst Explains Macro Situation For XRP to break free from this indecisive phase, a clear reclaim of the $2.60 level is necessary to restore confidence among bulls. Until then, traders and investors are likely to exercise caution, closely monitoring price movements and sentiment shifts to gauge the next directional move. Without a decisive breakout, the price may face mounting pressure, risking a more pronounced downturn if support at $1.90 fails. Featured image from Dall-E, chart from TradingView

Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections.  XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure is highlighted in the Relative Strength Index (RSI), a technical indicator used to measure the momentum of a cryptocurrency. This double tap pattern typically signals further downward movement before a price stabilization.   Related Reading: This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, Full Prediction Shows A Further 30% Decline According to Dark Defender, a crypto analyst on X (formerly Twitter), the RSI’s recurrent dips into oversold territory indicate that XRP could experience a price crash to new lows. The analyst disclosed that the XRP price had previously found strong support at $2.17; however, the cryptocurrency experienced a bounce to the upside.  After hitting this support level, the XRP price is now consolidating, a pattern often associated with a potential uptrend after a correction. Despite the slight market recovery, the analyst has warned of another impending price crash in this same support zone as the RSI approaches oversold levels once more.  Earlier in December, the RSI had hit oversold territories after dipping below 30%. Now XRP’s RSI is above 50% and signaling a potential to experience a price correction between the support levels at $2.17 and $2.18. Dark Defender has revealed that this price crash could occur soon as XRP is expected to enter oversold territory within a day.  Despite this potential price correction, the analyst has acknowledged that the XRP’s broader outlook still looks bullish, with an uptrend continuation expected once the market consolidates following its projected price dip to new lows. Dark Defender has also predicted that XRP’s next price target after this projected correction is likely above $3, marking an almost 40% increase from the $2.17 support area.  XRP 3-Month Chart Signals Strong Bullish Set Up Following his predictions that the XRP price could crash as it enters oversold conditions, Dark Defender also shared a 3-month chart analysis, painting a brighter outlook for the cryptocurrency. The chart shows that XRP has recently broken through a multi-year resistance level for the first time in over five years, signaling a strong bullish shift.   Related Reading: Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump The three-month green candle structure between October and December confirms strong buying pressure, setting the stage for a potentially bullish Q1 2025 from January to March. A rounded bottom pattern can also be seen on the XRP 3-month chart. This pattern is a classic bullish reversal structure that indicates a gradual move from a downtrend to an uptrend.  Dark Defender has marked several Fibonacci levels as potential price targets for XRP. According to the analyst, XRP could see a 261.80% rise to the 5.8563 Fibonacci level between $5 to $9. After which, the analyst expects a 361.80% surge to the 18.2275 Fibonacci between $16 to $28. Support levels at the 0.6649 Fibonacci at $0.9 have also been highlighted, acting as a safety net for XRP during price corrections.  Featured image created with Dall.E, chart from Tradingview.com

BRICS is gaining global traction, with plans for major 2025 meetings under Brazil’s leadership and a vision to rival G20 prominence while championing collaboration. BRICS Rising: Is It Set to Eclipse the G20 in 2025? Brazilian Foreign Minister Mauro Vieira has highlighted the growing influence of BRICS, stating that the group is approaching the stature […]

Ripple’s chief legal officer has urged Congress to focus on innovation-friendly crypto regulation, rejecting punitive measures and abstract policies amid growing criticism of the SEC’s approach. New Congress, New Rules? Ripple’s Vision for Crypto Regulation Unveiled Ripple’s chief legal officer, Stuart Alderoty, has called for a pragmatic approach to cryptocurrency regulation in the upcoming Congress. […]

Bitcoin has faced its first major correction since early November, dropping 13% from its all-time high of $108,364. This sudden pullback has sent shockwaves across the crypto market, shifting sentiment from extreme bullishness to uncertainty and even fear. The sell-off has been particularly brutal for altcoins, many of which are bleeding hard as Bitcoin struggles to regain momentum. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details Key metrics from CryptoQuant highlight the gravity of the situation, with realized losses totaling $28.9 million—an alarming 3.2 times higher than the weekly average. This spike in realized losses suggests that some investors exit positions as the market recalibrates after weeks of aggressive upward movement. The big question now is whether this is simply a healthy correction in an otherwise bullish trend or the start of a larger downtrend. Traders are closely watching Bitcoin’s ability to hold critical support levels and the behavior of altcoins, which often amplify Bitcoin’s price movements. For now, the market remains at a crossroads, with the coming days likely to reveal whether Bitcoin can recover and resume its uptrend—or if this correction signals a more prolonged period of weakness. Bitcoin Facing Selling Pressure Bitcoin is under significant selling pressure after two days of aggressive bearish activity, marking a pivotal moment for the market. The sudden sentiment shift has caused many analysts and investors to turn cautious, with some flipping bearish as Bitcoin’s recent trend begins to lose momentum. This correction has left the market questioning whether the current price movement is a natural pause or a precursor to deeper losses. Top analyst Axel Adler recently shared insights on X, supported by compelling on-chain data, highlighting that realized losses have surged to $28.9 million. This figure is 3.2 times higher than the weekly average, indicating heightened selling activity. Adler’s analysis underscores that while the sell-off might seem alarming, it’s consistent with a healthy market correction, especially following Bitcoin’s remarkable rally to $108,300. Adler notes that the current dip should not trigger panic but instead serve as a moment of patience for long-term holders. He emphasized that now is a time to HODL unless additional bearish signals emerge to suggest a more prolonged downtrend. Corrections like this often provide the market with the necessary fuel for the next leg up, as weaker hands exit and strong hands position themselves strategically. Related Reading: Solana Holds Monthly Support As Network Activity Grows – Time For A Breakout? Price action remains critical, with investors watching closely to determine whether this correction solidifies a strong foundation for future growth or signals further downside. BTC Holding Bullish Structure (For Now) Bitcoin is trading at $94,400 following three consecutive days of aggressive selling pressure. Despite the apparent bearish sentiment gripping the market, BTC has managed to maintain its footing above the key support level of $92,000. This support is crucial as it clearly defines the ongoing uptrend. Holding above this level suggests resilience and sets the stage for a potential strong bounce if buyers regain control in the coming sessions. While the recent price action reflects uncertainty, the decline has not been as severe as the market sentiment indicates. Negative emotions have driven many traders to adopt a cautious stance, but BTC’s ability to stay above $92,000 shows underlying strength in the market structure. Related Reading: ONDO Exchange Inflows Grow – Volatility Ahead? However, sentiment remains a critical market driver. Restoring confidence will be essential for Bitcoin to reclaim higher levels and resume its bullish momentum. If sentiment does not improve and prices continue to drop, the risk of a deeper correction becomes more likely. Losing the $92,000 support could pave the way for a retest of lower levels, potentially causing additional volatility. Featured image from Dall-E, chart from TradingView 

Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.

Key Takeaways: Binance’ve listed four new perpetual futures contracts all at once: AIXBT, FARTCOIN, KMNO, and CGPT. AI tokens, meme coins, and DeFi are hot areas, and Binance is giving users more trading options in these spaces. Why It Matters? Binance is making big moves to grow its offerings. Listing four futures coins at once…
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Rumble, the video-sharing platform and cloud services provider has just inked a $775 million deal with Tether, the heavyweight of stablecoins. This blockbuster investment signals a partnership between two giants, both devoted to championing decentralization and the freedom of speech. Rumble Gains $775 Million Backing from Tether As revealed in a statement shared with Bitcoin.com […]

Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout. According to some market watchers, the flagship crypto’s recent performance resembles its December 2023 trajectory, suggesting that BTC might see a massive breakout soon. Related Reading: Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report Bitcoin Price Mirrors December 2023’s Performance On Wednesday, Bitcoin and the rest of the crypto market saw a massive correction after the US Federal Reserve (Fed) announced a 25-basis-point rate cut and signaled fewer cuts than expected in 2025. The flagship cryptocurrency dropped 9.2% from its $108,135 all-time high (ATH), briefly falling below the $99,000 on support before recovering. BTC quickly climbed back to $100,000, surging 2% on Thursday morning to the $102,000 resistance. After the dump, crypto trader Follis suggested that this month’s price action mirrored BTC’s 2023 trajectory. The trader stated that Bitcoin was “repeating the December playbook from last year,” forecasting that a pump to a new high is coming soon. Per the chart, BTC moved within the $40,000-$45,000 price range before breaking out in January 2024. The breakout was followed by a significant 20% correction to the previous consolidation zone, briefly dipping below this range. However, Bitcoin reclaimed the breakout levels in the following weeks and surged another 47% to its March ATH of $73,000. If the largest crypto by market cap continues to follow this “playbook,” then its price could see a correction below $88,000 by year-end before resuming its bullish run to new highs. Similarly, Daan Crypto Trades pointed out that BTC’s performance in Q4 resembles its Q4 2023 price action. The analyst stated that Bitcoin will likely continue the “slow hoppy grind up before the actual breakout” happens. He recommended “zooming out” as the short-term chart “doesn’t look pretty” but noted that BTC’s price is still “trending up slowly.” Analyst Warns Of BTC’s Daily Close Other analysts suggested that the coming hours will be decisive for BTC’s short-term performance. Rekt Capital asserted that holding the $100,000 support was crucial, as failing to maintain this level could send Bitcoin below the previous key resistance of $98,000. Moreover, a daily close above the $101,000 mark would be necessary to prevent this range from turning into resistance again. The analyst emphasized that “doing so could kickstart a chain of events where BTC starts to lose support level by level.” Related Reading: Sentiment For Ethereum Hits 1-year Low, Analyst Says A Massive Run Is Coming He added that a close above this level would invalidate the short-term bearish outlook. Previously, the analyst explained that Bitcoin is amid the first “Price Discovery Correction,” which tends to happen between the 6thand 8th week of BTC’s post-halving “Parabolic Upside Phase”: As a result, over the next 3 weeks or so, I am going to be increasingly cautious about retest attempts, and given BTC’s history at this point in the cycle, I wouldn’t be surprised to see key levels get invalidated. However, he emphasized that the “Second Price Discovery Uptrend” will follow the big correction. As of this writing, Bitcoin has dipped below the $100,000 support level, registering a 5.1% 24-hour drop to the $98,900 mark. Featured Image from Unsplash.com, Chart from TradingView.com