Dogecoin rises 4%, holding above $0.14 support. Analysts predict it could target $0.30 if bullish momentum continues.
Dogecoin has been showing some positive momentum recently. The price has risen by 4%, staying above key support levels. This recovery has sparked interest in whether Dogecoin could reach $0.30.
If the broader crypto market stays bullish, the meme coin could target that next resistance level.
Current Price and Market Support Levels
Currently, Dogecoin is holding above the important $0.14 support level. Over the past 24 hours, it has gained 4%, signaling a potential upward trend. This support level has been a strong point for Dogecoin in the past.
If Dogecoin stays above $0.14, there is a chance it will continue rising.
In addition, the overall cryptocurrency market has been showing signs of recovery. Bitcoin and Ethereum both saw gains of 3% and 5% respectively.
This positive market trend could help lift Dogecoin further. If Dogecoin maintains its position above $0.14, it may target $0.15 next, which is a key resistance level.
Symmetrical Triangle Pattern and Potential Reversal
Dogecoin’s 12-hour chart shows a symmetrical triangle pattern, indicating a possible reversal. This chart formation often signals a breakout in either direction. With the price tightening, it could break out upward, suggesting a potential price rally. This is something that many traders are closely watching.
The symmetrical triangle also shows that the market is consolidating. This narrowing of price movement often precedes a stronger trend.
If Dogecoin breaks above the $0.15 level, it could start a more significant upward trend. If the price fails to break out, however, it might drop back to lower support levels.
The key question now is whether Dogecoin can reach $0.30. If Dogecoin pushes past $0.15, the next major resistance will be $0.30. Analysts suggest that this is a reasonable target if positive momentum continues.
Given Dogecoin’s recent performance, it could reach that level if the market stays strong.
$DOGE is sliding back into the same weekly demand zone that sparked every major rally in the past.
History shows buyers love this level… and price is almost there again!
If the zone holds, a push toward the $0.30 mark becomes the next big move.🚀
However, the path to $0.30 may not be straightforward. The cryptocurrency market is still volatile, and any significant pullback could affect Dogecoin’s rise.
Traders will be watching closely for signs of a breakout above $0.15. If Dogecoin maintains upward momentum, $0.30 could become a realistic target in the near future.
Copper price ended yesterday’s trading by providing new closure near $5.3200 level, taking advantage of stochastic positivity by providing chances for resuming the bullish attack that depends on several factors, one of them is the stability within the bullish channel levels besides forming extra support at $5.1300.
Therefore, we keep the bullish scenario, waiting for reaching %161.8 Fibonacci extension level at $5.5000, and surpassing it will open the way for achieving extra gains in the upcoming period.
The expected trading range for today is between $5.2500 and $5.5000
EUR/USD stays relatively quiet and moves sideways at around 1.1650 in the European morning on Tuesday, after posting marginal losses on Monday. The US economic calendar will offer employment-related data releases but investors could refrain from taking large positions ahead of the Federal Reserve’s (Fed) policy meeting.
Euro Price This Month
The table below shows the percentage change of Euro (EUR) against listed major currencies this month. Euro was the strongest against the Swiss Franc.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.41%
-0.69%
-0.05%
-0.87%
-1.40%
-0.86%
0.33%
EUR
0.41%
-0.28%
0.36%
-0.46%
-1.00%
-0.46%
0.74%
GBP
0.69%
0.28%
0.89%
-0.18%
-0.72%
-0.18%
1.02%
JPY
0.05%
-0.36%
-0.89%
-0.82%
-1.38%
-0.82%
0.36%
CAD
0.87%
0.46%
0.18%
0.82%
-0.60%
0.01%
1.20%
AUD
1.40%
1.00%
0.72%
1.38%
0.60%
0.55%
1.75%
NZD
0.86%
0.46%
0.18%
0.82%
-0.01%
-0.55%
1.20%
CHF
-0.33%
-0.74%
-1.02%
-0.36%
-1.20%
-1.75%
-1.20%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The negative shift seen in risk mood helped the US Dollar (USD) find a foothold in the second half of the day on Monday and caused EUR/USD to stretch lower. US President Donald Trump’s renewed tariff threats on Mexico and Canada might have caused investors to adopt a cautious stance. Early Tuesday, US stock index futures trade flat.
Later in the session, the US Bureau of Economic Analysis will release the JOLTS Job Openings data for September and October. A noticeable decline in these data could weigh on the USD with the immediate reaction. Additionally, the Automatic Data Processing (ADP) will release the Employment Change 4-week Average. A positive reading could be supportive for the USD in the immediate term.
Nevertheless, the market reaction to these data is likely to remain short-lived, with participants opting to wait for the Fed to announce policy decisions and release the revised Summary of Economic Projections in the American session on Wednesday.
EUR/USD Technical Analysis:
The 20-period Simple Moving Average (SMA) eases to 1.1651, while the 50-, 100- and 200-period SMAs continue to grind higher. Price holds above the longer SMAs but sits under the 20-period SMA, keeping gains contained. RSI at 51 is neutral, pointing to subdued momentum. The rising trend line from 1.1496 offers support near 1.1630, which is also reinforced by the Fibonacci 38.2% retracement.The 50% retracement at 1.1680 aligns as the next resistance level.
A drop below 1.1630 could attract technical sellers and open the door for a deeper pullback toward 1.1570 (Fibonacci 23.6% retracement).
(The technical analysis of this story was written with the help of an AI tool)
Euro FAQs
The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Maloti Terangpi’s journey begins in Dakiram Ronghang, a remote village tucked inside Karbi Anglong’s Rongmongve Block in Assam. For years, she cultivated tea on her small plot of land, selling raw leaves at just ₹15 per kilogram.
Every day, she and other women in her village carried heavy sacks of freshly plucked leaves across a narrow footbridge over the Nadia River—the only connection to the nearest market. Transportation was slow, unsafe, and exhausting.
Despite her hard work, Maloti earned barely ₹8,000 a month, with little hope of breaking out of the low-profit cycle.
Her turning point arrived on April 10, 2025, when she joined the Udyamini Rural Women Entrepreneurship Programme (RWEP) with an initial investment of only ₹4,000.
Soon after, Transform Trade’s technical partner, Grassroot Tea Corporation (GTC), conducted a series of Focus Group Discussions in the Dolamara area.
The conversations revealed a simple truth: women like Maloti had land, skill, and determination but lacked processing technology, market access, and opportunities to move up the value chain.
To bridge this gap, GTC supported Maloti and 11 other women to form a cluster and established a home-based, handcrafted green tea processing unit inside their own village.
For the first time, tea processing shifted from faraway factories to their households, eliminating transportation barriers and cutting dependence on middlemen. What once felt impossible—producing their own high-value tea—became achievable within walking distance of their homes.
Through intensive training under the Dolamara Cluster, Maloti learned every step of handcrafted green tea production: identifying ideal plucking standards, mastering steaming and rolling techniques, ensuring proper drying, and maintaining strict moisture control.
She and the other women were also trained in regenerative farming practices, learning to make NADEP compost and natural biopesticides from locally available materials. This helped them grow chemical-free leaves, reduce input costs, and improve the long-term health of their tea gardens.
Today, Maloti produces Premium Karbi Artisanal Green Tea—an elegant, carefully crafted product made from the first four days of new leaf growth. It takes 5 kilograms of raw leaves to make just 1 kilogram of finished tea, which now sells for ₹450 per kg.
This shift from selling raw leaves to producing a value-added product has transformed her income potential. Her goal—to earn ₹2 lakh annually—no longer feels distant.
More importantly, Maloti has earned dignity, confidence, and recognition as a rural woman entrepreneur. Her story shows how access to technology, skill development, and local processing can redefine possibilities for women in remote regions.
Maloti is one among hundreds of Rural Women Entrepreneurs (RWEs) who will participate in the Rural Udyamita Conference 2025 on December 12 at NEDFi, Guwahati.
The event will bring together women like her—leaders of micro-enterprises, tea growers, weavers, artisans, farmers, and innovators—who are driving silent but powerful transformations in their communities.
The conference is organised by the Council for Social and Digital Development (CSDD), Digital Empowerment Foundation, North East Development Foundation, and Unifiers Social Ventures.
It serves as a national platform where policymakers, development experts, financial institutions, and grassroots entrepreneurs come together to deliberate on what a sustainable and supportive ecosystem for rural women should look like.
Co-organised by the Udyamini RWEP Collaborative and supported by UNDP and the Assam State Rural Livelihoods Mission (ASRLM), the event highlights the role of digital inclusion, decentralised production systems, and collective action in shaping the next generation of rural entrepreneurship.
For women like Maloti, the conference is more than an event—it is a celebration of resilience, innovation, and the belief that even from the most remote corners of Assam, powerful stories of change can emerge and inspire the nation.
Jakarta, Pintu News – Cardano (ADA) is entering a crucial phase as traders monitor important technical levels and changes in derivatives activity, while the community awaits a possible update from its founder, Charles Hoskinson.
Currently, ADA is trading around $0.43 after several months of downward pressure, but a number of indicators suggest that the market may be preparing for a change in direction.
Although prices remain below the major moving averages, interest in futures and on-chain activity continues to show strong engagement from traders. In addition, market watchers expect a new direction to emerge as sentiment recovers from the recent uncertainty.
Bearish Structure Persists as Key Resistance Limits Upside
ADA is still showing a defensive pattern on the four-hour chart. The price remains below the 200 EMA around $0.475, which limits the potential for continued gains.
Moreover, several failed attempts to break this level indicate persistent selling pressure. The 0.236 Fibonacci level at $0.4468 also strengthens this resistance zone.
Every time the price approaches that area, the selling pressure increases again. Currently the market is moving in a narrow range between $0.423 and $0.4468, reflecting indecision and directional uncertainty. However, if the price manages to break clearly above $0.4468, the short-term outlook could change and open up opportunities towards $0.49 to $0.53.
Support remains strong around $0.42. This level has been tested several times and managed to prevent a deeper decline. If this zone is broken to the downside, there is a potential drop towards the swing low at $0.37. Therefore, many traders consider $0.42 as a crucial boundary that determines the next direction.
In addition, the EMAs are currently closing in on each other and narrowing around the current price, a pattern that is often a sign of strong directional movement in the near future.
Open Interest Declines, but Still High
Activity in the futures market showed strong derivatives participation throughout the year. Open interest had jumped from under $300 million to over $1.5 billion during the major market moves. However, this figure dropped to $727 million on December 8.
This decline reflects the reduced use of leverage after a period of high volatility. Even so, the current level of open interest is still significantly higher than at the beginning of the year.
This means that traders remain active even though the momentum is starting to weaken. This pattern indicates a strong interest in the next potential ADA breakout.
Spot Flows Show Weak Confidence as Outflows Continue
Fund flows in the spot market continue to show consistent outflows, signaling weak accumulation. The latest data shows net outflows of around $279,000. In addition, the repeated appearance of red bars on the chart indicates continued distribution in recent months.
The absence of strong inflows reflects weakening confidence from long-term holders. This trend is also in line with the overall bearish market structure.
However, attention is now on the latest message from Hoskinson which hints at “good days.” Many traders are looking forward to new updates that could affect market sentiment.
In addition, ADA’s increasingly compressed price structure suggests that the market is preparing to move. Therefore, the coming sessions will determine whether ADA will break the resistance or return to test deeper support.
Cardano (ADA) Technical Outlook
Key levels for Cardano remain clearly visible as the market enters a decisive phase:
Potential Upside Levels:
$0.4468 – Fibonacci Level 0.236
$0.475 – Exponential moving average (EMA) 200
$0.4940 – Fibonacci Level 0.382
If the price manages to break through this resistance zone, then the next target is at:
$0.5321 – Fibonacci Level 0.5
$0.5703 – Fibonacci Level 0.618
Potentially Declining Levels:
$0.423-$0.426 – Local support zone
$0.42 – Key psychological support If the price drops deeper, it is likely to test:
$0.37 – Swing main low
Critical Resistance:
The 200 EMA at $0.475 is an important boundary that ADA needs to break in order to recover medium-term momentum. As long as this level has not been successfully broken, any upside attempts are likely to be stifled.
Currently, Cardano is in a descending pattern with a descending compression structure, where the EMA is starting to narrow around the current price. This is often a sign of a big move in the near future, either up or down.
Will Cardano Rise?
Cardano’s short-term trend depends heavily on buyers’ ability to hold the $0.42 zone, long enough to challenge the resistance at $0.4468-$0.475. Technical compression patterns and increased derivatives activity suggest the potential for high volatility in the near term.
If the bullish momentum strengthens and inflows start to improve, ADA could attempt a recovery towards $0.4940, potentially even to $0.5321. However, if $0.42 fails to hold, the current base structure is at risk of breaking and paving the way for a retest at $0.37.
For now, ADA is at a crucial point. Market confidence and the successful re-break of the 200 EMA will determine whether the next move is likely to continue the trend or reverse.
FAQ
What is Cardano (ADA)?
Cardano is a blockchain platform developed with a research-based approach, which focuses on security and scalability. Its digital currency, ADA, is used for various transactions and services within the Cardano network.
Who is Charles Hoskinson?
Charles Hoskinson is the co-founder of Cardano and is also involved in the development of Ethereum (ETH). He is a key figure in the cryptocurrency industry and often provides updates on Cardano’s development.
What is the 200-day Moving Average (200-EMA)?
The 200-day Moving Average (200-EMA) is a technical indicator that calculates the average closing price of an asset over the last 200 days. It is often used to determine long-term price trends.
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Oil prices are set to average below $60 per barrel next year, investment banks have said in their latest forecasts in recent weeks.
In 2026, both Brent Crude and WTI Crude are expected to slip from current levels of $63 per barrel and $60 a barrel, respectively, as the emerging oversupply will overwhelm the market, analysts say.
Geopolitical factors will certainly play into the price of oil next year, and these will be centered on Venezuela, Russia, and Iran.
Despite the many geopolitical uncertainties, the U.S. Energy Information Administration (EIA) and Wall Street banks are looking at the fundamentals and remain bearish on oil for the next year, forecasting prices to average below $60 per barrel in 2026.
The EIA expects, in its latest Short-Term Energy Outlook (STEO), that global oil inventories will continue to rise through 2026, putting downward pressure on oil prices in the coming months. The EIA forecasts the Brent crude oil price will dip to an average of $54 per barrel in the first quarter of 2026, and average $55 a barrel for all of 2026. Still, the EIA’s Brent forecast for 2026 is $3 per barrel higher than in the previous month’s outlook, due to Chinese stockpiling and the intensified sanctions on Russia.
“First, we now assess that China’s ongoing purchases of oil for strategic stockpiling will place more upward pressure on oil prices than we had assumed previously. Second, this forecast recognizes that the recent round of sanctions on Russia’s oil sector could result in less oil production next year than we are currently forecasting,” the EIA said.
Macquarie Group also sees lower oil prices next year, but notes that sanctions on Russia, uncertainty about Venezuela, and U.S. winter weather could slow price declines.
Macquarie analysts believe that OPEC+ would have to implement production cuts in the second half of 2026 to steady the market amid an expected drop in prices, according to the bank’s latest quarterly forecast carried by World Oil.
Set OilPrice.com as a preferred source in Google here.
ABN AMRO Bank said in its Energy Market Outlook 2026 that weak global demand growth and rising OPEC+ and non-OPEC+ supply have resulted in an oversupplied market. Prices haven’t plunged due to China’s stockpiling efforts and geopolitical uncertainties, said Moutaz Altaghlibi, senior energy economist at ABN AMRO Bank.
“All in all, we anticipate the supply glut—caused by weaker demand growth and increasing supply—to persist throughout 2026, with its impact steadily pushing crude prices lower,” Altaghlibi said.
ABN AMRO forecasts Brent crude to average $58 per barrel in the first quarter of 2026, gradually falling to $52 a barrel as the glut worsens, and ultimately reaching $50 per barrel by the end of the year, with a year average of $55 per barrel.
Ole Hvalbye, commodities analyst at SEB bank, said last week, “We continue to see the path of least resistance as skewed to the downside.”
“Rising tension between Washington and Venezuela is adding a small geopolitical premium, although not enough to offset the broader bearish backdrop of rising supply and a market leaning deeper into surplus,” Hvalbye said.
Other banks and analysts concur that the glut will be the key theme in fundamentals next year.
Oversupplied markets will keep oil prices under pressure next year, and the U.S. benchmark will average below $60 per barrel, the monthly Reuters poll of analysts and economists showed at the end of November.
WTI Crude is expected to average $59 per barrel in 2026, and Brent Crude, the international benchmark, is set to average $62.23 per barrel next year, down from $63.15 forecast in the Reuters poll in October.
Goldman Sachs sees a large surplus on the market, with WTI Crude expected to average $53 per barrel in 2026.
The oil market is set to rebalance in 2027 as 2026 will see “the last big oil supply wave the market has to work through,” Daan Struyven, co-head of global commodities research at Goldman Sachs, told CNBC last month.
Fundamentals point to lower oil prices next year, but geopolitical shocks are lurking around the corner, from Russia to Venezuela.
A loss of Venezuelan oil production in case of a U.S. military intervention will materially impact global benchmark prices as the market will have to replace Venezuela’s heavy crude—the bulk of Caracas’ crude exports, according to Rystad Energy. A potential tightening of the global heavy crude market could push up the price of the Dubai benchmark against ICE Brent as China will scramble to replace the lost Venezuelan barrels, the analysts said last week.
Copper price ended yesterday’s trading by providing new closure near $5.3200 level, taking advantage of stochastic positivity by providing chances for resuming the bullish attack that depends on several factors, one of them is the stability within the bullish channel levels besides forming extra support at $5.1300.
Therefore, we keep the bullish scenario, waiting for reaching %161.8 Fibonacci extension level at $5.5000, and surpassing it will open the way for achieving extra gains in the upcoming period.
The expected trading range for today is between $5.2500 and $5.5000
A new research wave is challenging the premium health supplement industry with an unexpectedly humble contender: peanuts. A study from Maastricht University Medical Center in The Netherlands, published in the journal Clinical Nutrition, has indicated that eating two servings of skin-roasted peanuts daily may support brain health in older adults by improving blood flow to key regions responsible for memory and decision-making.
The Surprising Brain Booster in Your Kitchen
The researchers examined 31 healthy adults aged 60 to 75 and found that regular peanut consumption increased overall cerebral blood flow by about 3.6 percent, with blood circulation in gray matter rising by around 4.5 percent. According to the report, specific areas linked to cognitive control showed even sharper improvement. Blood flow in the frontal lobe increased by 6.6 percent, while the temporal lobe rose by 4.9 percent, regions that strongly influence memory and reasoning skills.
MRI scans and verbal memory tests conducted throughout the 16-week study phase demonstrated modest improvement in recall ability, with participants recognising more words during the peanut-supplemented period.
The research team highlighted that enhanced blood flow may explain this cognitive boost, since the brain depends on oxygen and nutrient delivery to maintain performance. As noted in the study, better vascular health is increasingly considered a protector against degenerative conditions such as Alzheimer’s disease.
How Peanuts May Help Prevent Cognitive Decline
Peanuts contain a beneficial mix of protein, healthy fats, antioxidants, polyphenols, and the amino acid L-arginine, which plays a key role in regulating blood vessel function. The report notes that skin-roasted peanuts were intentionally selected because the skin contains additional fiber and antioxidant compounds that may enhance vascular benefits.
During the peanut phase, participants also experienced improved systolic blood pressure, dropping by about 5 mmHg, a change that can reduce long-term cardiovascular risk. Experts stress that heart health and brain health are closely interconnected.
While the findings are encouraging, researchers clarify that peanuts should not be viewed as a cure. Rather, they may offer an accessible dietary choice to support long-term cognitive well-being.
Experts Call Findings Promising But Caution on Scale
External specialists reviewing the study noted both value and limitations. Speaking to Medical News Today, neuroscientist Dr Tommy Wood described the findings as part of growing evidence that polyphenol-rich foods can enhance vascular function. He praised the crossover design but emphasised that a larger participant pool is needed to strengthen statistical certainty. He suggested alternatives like dark chocolate and berries for those unable to eat peanuts.
Internal medicine physician Dr Edmond Hakimi also told Medical News Today that the results were “promising” because they involved objective MRI-based measurements, yet reinforced the need for wider population studies. The research was funded by The Peanut Institute Foundation, though the authors maintained control over study design and analysis.
While cutting-edge drugs remain uncertain and costly, affordable foods such as peanuts could offer a meaningful tool in preserving cognitive function.
A handful of roasted peanuts a day may do more for brain performance than many overpriced brain-boosting products. As science untangles the link between nutrition and cognition, the message is refreshingly simple: You may not need a supplement bottle to protect your memory. You may just need the right nut.
The XRP price continued its strong downward spiral this month, moving to a low of $2 as investors waited for the upcoming Federal Reserve interest rate decision, which will come out on Wednesday. Ripple token was trading at $2.05, down by over 40% from its highest point this year. So, will it rebound ahead of the Fed decision?
Federal Reserve to cut interest rates
The market belives that the Federal Reserve will cut interest rates by 0.25% on Wednesday, continuing a trend it started three months ago. This cut will bring the benchmark rate to between 3.50% and 3.75%, the lowest level since 2022 when it started hiking to counter the soaring inflation.
Bitcoin and other altcoins like XRP and Ethereum should do well when the Fed is cutting interest rates. Besides, the cut comes at a time when the market is waiting for the upcoming Santa Claus rally, which normally happens before Christmas Day.
However, there is a risk that the XRP price may continue its downward spiral when the Fed cuts this week. For one, the Fed cut will not be a big news to market participants as it has been priced in, with Polymarket data showing odds of over 95%.
Therefore, there is a risk that the market will sell the news when the Federal Reserve cuts interest rates in this meeting. For one, the bank may deliver a hawkish rate, with dissent from officials rising, with most of them pointing to the relatively high inflation rate in the country.
XRP ETF inflows continue
Meanwhile, the XRP price is reacting to the ongoing ETF inflows, which are now nearing the important milestone of $1 billion.
Data compiled by SoSoValue shows that the ETFs have never had a day in the red. They added over $38 million in inflows on Monday, higher than Friday’s $10 million. This increase brought the total amount of money to over $935 million, and the net assets held by these funds to $923 million.
The Canary Capital XRPC continues to have the first mover advantage as its assets have jumped to over $346 million, much higher than Grayscale’s GXRP, which has accumulated $218 million in assets. Most of the inflows on Monday were on Franklin Templeton’s XRPZ, which had $15.2 million.
JPMorgan and other companies believe that XRP ETFs will continue to accumulate inflows in the coming months, with the cumulative figure coming in at over $8 billion in the first year.
The XRP price also reacted to a report by Bloomberg on how Citadel and Fortress hedged their recent investment in Ripple, which valued it at $40 billion. These companies believed that most of Ripple’s market cap was derived from its XRP holdings, with the core business being much smaller.
XRP price technical analysis
The three-day chart shows that the XRP price has been under pressure in the past few months as it crashed from the all-time high of $3.66 to the current $2.05.
It formed a double-top pattern at $3.3890 and a neckline at $1.6125, its lowest level on April 7 this year. It has also moved below the 50-day Exponential Moving Average (EMA) and is at the 50% Fibonacci Retracement level.
Top oscillators like the Relative Strength Index (RSI) and the MACD have continued moving downwards.
Therefore, the most likely scenario is where the XRP price continues falling as traders target the next key support level at $1.6125, the 61.8% Fibonacci Retracement level.
On the positive side, the coin has formed a falling wedge pattern, which is made up of two descending and converging trendlines. This pattern may lead to a strong bullish breakout in the coming days or weeks.
The EUR/JPY cross trades on a firmer note around 181.60 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Euro (EUR) after a massive 7.6-magnitude earthquake shook northeastern Japan late on Monday, which briefly raised concerns about economic disruptions.
Furthermore, weaker-than-expected Japan Gross Domestic Product (GDP) data for the third quarter might contribute to the JPY’s downside. This report might complicate the Bank of Japan’s (BoJ) policy decision next week.
Technical Analysis:
In the daily chart, EUR/JPY trades at 181.58. The 100-day exponential moving average trends higher, with price holding comfortably above it and reinforcing the bullish bias. Price hovers near the upper Bollinger Band at 182.02 as the bands narrow, signaling reduced volatility and a potential breakout setup. RSI at 63.51 remains firm and below overbought. A daily close through 182.02 could extend gains, while initial support sits at the middle band near 180.68.
Bollinger Band compression has intensified in recent sessions, and pullbacks would be cushioned by support at the lower band at 179.34, followed by the rising 100-day EMA at 175.67. The moving average gradient remains positive, keeping the broader topside bias intact. RSI has ticked up from 62.91 to 63.51, confirming improving momentum. A break under 179.34 would signal a deeper retracement toward 175.67, whereas maintaining the Bollinger midline would keep EUR/JPY biased higher.
(The technical analysis of this story was written with the help of an AI tool)
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
