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17 04, 2025

Ethereum (ETH) Price Prediction for April 16 — TradingView News

By |2025-04-17T00:12:42+02:00April 17, 2025|Crypto News, News|0 Comments

Bulls lack energy to keep the market growth going, according to CoinStats.CoinStats”>

ETHUSD

Ethereum ETHUSD is one of the biggest losers today, going down by 5.36%.TradingView”>

On the hourly chart, the rate of ETH is on its way to the local support of $1,551. If bulls cannot seize the initiative, the level breakout may lead to a test of the $1,500 zone shortly.TradingView”>

On the bigger time frame, the price of the main altcoin is going down after a false breakout of the resistance of $1,689. 

If the candle closes near the daily bar low, there is a chance to see it drop to the $1,450-$1,500 area soon.TradingView”>

From the midterm point of view, one should pay attention to the nearest support of $1,537. At the moment, the picture is bearish as the rate is coming back. If the price fixes below it, the correction is likely to continue to the $1,300 mark.

Ethereum is trading at $1,569 at press time.

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16 04, 2025

Bitcoin (BTC) Price Prediction for April 16 — TradingView News

By |2025-04-16T22:11:35+02:00April 16, 2025|Crypto News, News|0 Comments

Bears have seized the initiative today, according to CoinMarketCap. CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD has declined by 2.24% over the last 24 hours.TradingView”>

On the hourly chart, the rate of BTC is trying to break the local resistance of $84,091. If it happens, the upward move is likely to continue to the $85,000 area soon.TradingView”>

On the bigger time frame, ongoing sideways trading remains the most likely scenario. Such a statement is confirmed by the falling volume, which means none of the sides is ready for a sharp move. 

In this case, traders have low chances of seeing sharp moves soon.TradingView”>

From the midterm point of view, one should focus on the nearest level of $87,500. Until its breakout happens, a correction remains the most likely scenario. 

Bitcoin is trading at $83,832 at press time.

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16 04, 2025

Could 1,000 XRP Buy You Happiness? This Analyst Thinks So — TradingView News

By |2025-04-16T20:10:37+02:00April 16, 2025|Crypto News, News|0 Comments

Some cryptocurrency enthusiasts are making eye-catching predictions about XRP. They suggest that buying just 1,000 tokens could set investors up for life by the end of this decade.

Online Influencers Push Optimistic XRP Price Targets

Based on social media comments, XRP supporter Duefe recently asserted that holding 1,000 coins could be sufficient to gain “a joyful and free life” by 2029. This is a remarkable prediction based on prices now. Based on today’s price of $2.17 per token, 1,000 XRP would be worth $2,170.

For this modest investment to equal $1 million – a figure many believe is required for early retirement – every XRP would have to reach $1,000. This kind of expansion would necessitate a price increase of more than 45,900% from where they are today.

1000 XRP is enough for a joyful and free life.

Just hold until 2029.$XRP

Apr 14, 2025

Other voices within the XRP universe concur. Edo Farina, one of the best-known advocates, has gone so far as labeling the choice to not hold a minimum of 1,000 XRP as “insanity,” according to reports from within the crypto space.

Wallet Data Shows Limited Distribution

Statistics from the XRP Rich List indicate that a mere 230,500 wallets now hold between 500 and 1,000 units. Of the 6.38 million total wallets out there, only 10% (approximately 638,000) have 2,500 tokens or more.

These statistics indicate that if such astronomical price rises did happen, the wealth would be in the hands of a relatively small number of early adopters.Price Projections Differ Considerably Among Experts

Not every prediction sets its sights as high as $1,000 per token. Some estimate XRP could hit at least $25 by 2029. Although this is well below the $1,000 it would take to convert 1,000 XRP into $1 million, it would still be a return of about 1,000% above today’s price.

Others think the $1,000 price could be achieved, but within a longer timeframe of around a decade.

XRP Holder Count Steady At 4.81 Million Over The Past Month

Meanwhile, the count of XRP holders on the mainnet has been incredibly stable between March 18 and April 15, staying close to the 4.81 million mark based on data from CoinCarp. The stability indicates that investor sentiment for XRP has been stable, with no indication of large-scale accumulation or large-scale exits.

In the face of market uncertainty or price oscillations in the same time frame, holders of XRP seem to be holding steady, perhaps indicative of faith in the long-term value of the token or a wait-and-see attitude among retail and institutional players alike. Data also indicates a more mature base of holders who are not responding irrationally to short-term price swings.

Featured image from Pexels, chart from TradingView



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16 04, 2025

Dogecoin Price Prediction – DOGE Whale Accumulation Surges, Is It The Right Time To Buy?

By |2025-04-16T18:09:51+02:00April 16, 2025|Crypto News, News|0 Comments

Deep-pocketed whales appear to be stacking Dogecoin, indicating that the top meme coin could be gearing up for a major bullish reversal. 

Earlier this week, on April 14th, whales accumulated over 800 million DOGE in a single day, investing nearly $128 million into the meme coin. 

Dogecoin price predictions from prominent analysts also suggest a strong possibility of new all-time highs in 2025, perhaps even $1. 

However, sidelined investors should be wary of blindly chasing the whales. The DOGE price remains in a short-term downtrend, and exercising patience at current levels could yield a more favourable entry point.

Why Are Whales Buying Dogecoin?

The strong whale demand for DOGE isn’t surprising.

Dogecoin continues to be one of the safest bets for the upcoming crypto bull market, owing to its strong fundamentals and upcoming bullish developments. 

For instance, Bloomberg analysts Eric Balchunas and James Seyffart estimate a 75% chance of a spot Dogecoin ETF being approved in 2025, marking the second-highest approval odds among all crypto assets with pending ETF applications before the SEC.

Moreover, they believe the SEC already views DOGE as a commodity—an undeniably bullish signal.

Last week, 21Shares became the third institution to file for spot Dogecoin ETFs, joining Grayscale and Bitwise. 

Unlike Ethereum — which many mainstream investors still view as a second-best to Bitcoin — Dogecoin enjoys strong retail and cultural demand. As a result, experts aren’t applying the same underwhelming spot ETH ETF inflow expectations to DOGE, which could see far greater success following an ETF launch.

Meanwhile, it continues to be Elon Musk’s favourite meme coin, another notch in its belt that could result in significant gains in the upcoming bull market. 

It is, therefore, no surprise that whales invested nearly $128 million into Dogecoin after its price fell to $0.16 earlier this week. 

Dogecoin Price Prediction — Is This The Right Time To Buy DOGE?

Dogecoin appears to be on the verge of an explosive rally, with a bullish divergence forming on the daily chart. While price has made a lower low, the Relative Strength Index (RSI) is printing a higher low—a classic signal of potential upward momentum.

However, sidelined investors need to exercise patience. DOGE failed to breach the multi-week descending trendline and is, therefore, still in a downtrend. 

It wouldn’t be a surprise if it forms a double bottom at $0.14 before kickstarting a bullish reversal. 

Prominent analysts are still extremely bullish on the meme coin in the long term. 

Dogecoin price prediction from popular trader Surf indicates that it is trading within an accumulation cylinder with a widening mouth. A rebound from the lower trendline could open the door to new all-time highs this year, potentially even pushing DOGE toward the $1 mark.

Could MIND of Pepe Outperform DOGE This Year?

Despite Dogecoin’s bullish prospects, its relatively large market capitalization means that it isn’t the best bet for 10x to 100x returns in the upcoming bull run. 

Smart money investors are stacking high upside, low-cap gems for that. 

For instance, strong smart money demand has pushed the Ethereum-based AI agent coin, MIND of Pepe (MIND), past the $8 million milestone in its presale. 

While the AI crypto sector is saturated on Solana, it remains an emerging market on Ethereum. ETH maxis remained largely sidelined from the broader AI crypto rally earlier this year. Unsurprisingly, they are betting big on projects like MIND of Pepe this time around, eyeing outsized returns in the upcoming AI wave. 

MIND of Pepe is a self-sovereign agent — a cutting-edge, AI-powered crypto engine — designed to deliver a competitive edge to all MIND holders. 

Whales won’t have an exclusive monopoly on market alpha anymore. MIND holders will soon receive real-time insights regarding whale accumulation patterns, sentiment shift, technical chart patterns, etc. 

MIND of Pepe can create its trends on social media, thanks to its self-managed X and Telegram accounts. It can also launch its own meme coins, with MIND holders receiving discounted access. 

Considering its unique value proposition and the strong demand for new AI coins, prominent analysts are even calling MIND the next 100x crypto. 

Visit MIND of Pepe Presale



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16 04, 2025

XRP slides testing $2 support amid surging exchange inflows

By |2025-04-16T16:08:43+02:00April 16, 2025|Crypto News, News|0 Comments

  • Volatility strikes the crypto market, causing XRP to test the $2.00 support level.
  • Exchange inflows soar above 55 million XRP, suggesting investors are preparing to sell the token.
  • An increase in long position liquidations to $5.10 million in the past 24 hours suggests traders are reducing their exposure to XRP.
  • Improving market dynamics could significantly improve the chances of XRP spot ETF approval – Kaiko Research.

Ripple (XRP) corrected along with other major digital assets, including Bitcoin (BTC) and Ethereum (ETH), and traded at $2.08 at the time of writing on Wednesday. Trade tensions between the United States (US) and China stood out as a major factor, especially after President Donald Trump’s administration banned exports of H20 chips to the Asian economic giant—a move likely to hit NVIDIA’s financial status by $5.5 billion in the company’s fiscal first quarter, ending April 27.

The US stock market resumed the correction after a week of sustained gains, with S&P futures falling by 0.85%, Dow futures by 0.33% and Nasdaq futures by 1.42%.

Soaring exchange inflows trigger volatility

XRP edged higher from the middle of last week as traders made a comeback buoyed by sentiment hinged on President Trump pausing tariffs for 90 days, except for China. The token reclaimed the critical $2.00 level before advancing to $2.25, accentuated by news that Ripple’s CEO Brad Garlinghouse had reached an agreement with the Securities and Exchange Commission (SEC) staff over the settlement and dismissal of the long-standing lawsuit. 

As reported on Tuesday, following the agreement, the staff is expected to make recommendations to the agency’s commissioners, who will vote on the matter. 

Meanwhile, XRP experienced a spike in liquidity during the Asian session on Wednesday, caused by, among other factors, a surge in exchange inflows from 28 million on April 8 to 55.6 million XRP on Wednesday, per CryptoQuant data. 

XRP exchange inflow data | Source: CryptoQuant

When investors deposit tokens on exchanges, it signals potential selling pressure, likely driving the price down. The surge could also correlate with a spike in whale-to-exchange transactions and prevailing market sentiment, which is shaky and worth watching.

Liquidation data from Coinglass could help shape the direction of market sentiment, especially with $5.1 million wiped out in long positions compared to $1.25 million in short positions in the last 24 hours. Moreover, a negative long-to-short ratio of 0.938 suggests that investors prefer to reduce exposure to XRP, possibly expecting more retracement.

XRP derivatives data | Source: Coinglass

Can XRP bulls defend $2.00 support?

The XRP price hovers at $2.08 at the time of writing. After extending the gap from the confluence resistance, bulls have been fighting to break at $2.24, formed by the 50-day and 100-day Exponential Moving Averages (EMA). If XRP loses the immediate $2.00 support, losses could extend to the 200-day EMA at $1.95 and the next support area at $1.61, tested on Monday last week.

XRP/USD daily chart 

Despite the drawdown, the Moving Average Convergence Divergence (MACD) indicator upholds a buy signal, reinforced by green histograms. The Relative Strength Index (RSI) indicator could signal where XRP is heading, with a sustained move above the descending trend affirming the bullish grip. At the same time, movement toward the oversold region would suggest that the trend is flipping bearish.

The potential approval of XRP ETF applications is a key factor likely to shape XRP’s price trend in 2025. However, investors must temper their expectations, considering that soon-to-be-sworn-in SEC Chair Paul Atkins might delay the process as he gets acquainted with his new role. 

According to Kaiko Research, “May 22 is an important date to watch in light of the recent ETF approval of a 2x XRP ETF from Teucrium, as the SEC must respond to Grayscale’s XRP spot filing by then.”

Kaiko outlined in the report that XRP ETFs are more likely to be approved than Solana ETFs, thanks to the token’s significantly improved market depth since the end of 2024. 

SEC vs Ripple lawsuit FAQs

It depends on the transaction, according to a court ruling released on July 14, 2023:

For institutional investors or over-the-counter sales, XRP is a security.
For retail investors who bought the token via programmatic sales on exchanges, on-demand liquidity services and other platforms, XRP is not a security.

The United States Securities & Exchange Commission (SEC) accused Ripple and its executives of raising more than $1.3 billion through an unregistered asset offering of the XRP token.

While the judge ruled that programmatic sales aren’t considered securities, sales of XRP tokens to institutional investors are indeed investment contracts. In this last case, Ripple did breach the US securities law and had to pay a $125 million civil fine.

The ruling offers a partial win for both Ripple and the SEC, depending on what one looks at.

Ripple gets a big win over the fact that programmatic sales aren’t considered securities, and this could bode well for the broader crypto sector as most of the assets eyed by the SEC’s crackdown are handled by decentralized entities that sold their tokens mostly to retail investors via exchange platforms, experts say.

Still, the ruling doesn’t help much to answer the key question of what makes a digital asset a security, so it isn’t clear yet if this lawsuit will set precedent for other open cases that affect dozens of digital assets. Topics such as which is the right degree of decentralization to avoid the “security” label or where to draw the line between institutional and programmatic sales persist.

The SEC has stepped up its enforcement actions toward the blockchain and digital assets industry, filing charges against platforms such as Coinbase or Binance for allegedly violating the US Securities law. The SEC claims that the majority of crypto assets are securities and thus subject to strict regulation.

While defendants can use parts of Ripple’s ruling in their favor, the SEC can also find reasons in it to keep its current strategy of regulation by enforcement.


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16 04, 2025

Here is How High Dogecoin Can Reach if DOGE Grabs 50% of Total Crypto Market Cap

By |2025-04-16T14:07:45+02:00April 16, 2025|Crypto News, News|0 Comments

Dogecoin (DOGE) could surge to greater heights if it captures half of the global crypto market capitalization. 

The broader crypto market experienced another downturn this week, which wreaked havoc on the prices of major assets, including Dogecoin (DOGE). Consequently, the market recorded a decline of 3.02% over the past day to a valuation of $2.62 trillion. 

Dogecoin’s price reacted negatively to the onslaught, leading to a 5.28% dip in the past 24 hours. This pushed the price of DOGE below the $0.16 mark, as the token currently changes hands at $0.1519. 

Moreover, DOGE dropped to ninth place in the global crypto ranking after TRX flipped it from the eighth position. It bears mentioning that Dogecoin has stayed in eighth place for several months. 

However, TRX overtook the spot, with a market cap difference of over $1 billion. While TRX boasts a market cap of $23.93 billion, DOGE is valued at $22.62 billion in the hours leading up to press time. 

Dogecoin Price If It Grabs 50% of Total Crypto Market Cap 

Despite the setback, some Dogecoin investors are still optimistic about DOGE’s prospects. Consequently, The Crypto Basic considered a hypothetical scenario in which DOGE grabs 50% of the total crypto market cap and its impact on Dogecoin’s price. 

Although the total crypto market cap has dipped in the past day to $2.62 trillion, any asset with 50% of this valuation would soar to unimaginable levels. If DOGE captures 50% of the total crypto market cap, its valuation would be $1.31 trillion. This represents an increase of 5,691% from Dogecoin’s current market cap of $22.62 billion. 

Should Dogecoin achieve this target, its price would skyrocket to around $8.8 per token, so long as DOGE’s circulating supply stays the same at 148.87 billion tokens. 

At this price, early investors would record massive returns on their investments. For instance, someone with a portfolio of 65,832 DOGE currently valued at $10,000 would see their investments rise to $579,321 should DOGE hit a valuation of $1.3 trillion. 

DOGE to $8 Forecasts 

While the possibility of Dogecoin capturing 50% of the total crypto market cap might seem unrealistic, several analysts have projected DOGE’s potential rise to the $8 mark. Meanwhile, such predictions do not suggest that attaining $8 would grant DOGE 50% dominance over the crypto market. 

Last month, top expert Trader Tardigrade suggested that Dogecoin had formed a circular structure on its macro chart. Tardigrade claimed that DOGE also formed a similar structure in the 2017 and 2021 market cycles, which eventually pushed its price to greater heights during these periods. With the recent formation, the expert forecasted Dogecoin’s potential surge to $8. 

In the same month, pseudonymous market expert EWT referenced the Elliott Wave Theory to predict a future surge of $8.5 for Dogecoin. 

As reported in January, Tardigrade suggested that the $8 target would materialize for Dogecoin by 2028, three years from now. Meanwhile, Changelly experts believe DOGE would rise to the $8 target between 2035 and 2039. 

It bears mentioning that this article is a hypothetical assessment of Dogecoin’s price if it grabs half of the total crypto market cap. There is no guarantee that this will ever happen in DOGE’s lifetime. In perspective, a 50% market share would place Dogecoin even above Bitcoin, a highly speculative scenario.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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16 04, 2025

Here’s What Traders Say For ADA, DOGE, SOL

By |2025-04-16T12:06:26+02:00April 16, 2025|Crypto News, News|0 Comments

Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday’s rally.

Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and Cardano’s ADA fell as much as 5% to lead losses among majors.

The cryptocurrency market added 8% over 7 days, stabilising at the $2.7 trillion level since Saturday.

FxPro’s Alex Kuptsikevich says a move higher could bolster hopes for further gains, but these expectations will “only be confirmed after a solid consolidation above the 200-day moving average, which is now near $2.97 trillion.“

“Bitcoin continues its cautious rise, trading above its 50-day moving average and reaching $85,700. This is an important technical attempt to reverse the downtrend. Interestingly, the 200-day average is quite close, so a second confirmation of a trend change could come quite quickly,” Kuptsikevich said, adding that bitcoin had entered a resistance accumulation zone where the “strength of the initial rebound may fade.”

Solana’s SOL is showing strength in a downtrodden market, making it ripe for a move higher if overall conditions improve.

“Solana is recovering faster than many of the major altcoins, trading at its 50-day moving average near $130. A consolidation above this level will open the way to $145, the area of previous peaks. A sustained move above them will signal a break of the downtrend and could lead to a move towards $180,” Kuptsikevich noted.

On a more pessimistic approach, prominent market chartist Peter Brandt is not optimistic about bitcoin setting new highs in the current cycle.

“A trendline violation does NOT signify a transition of trend BTC Sorry,” the trader noted said in an X post in response to sentiment for a bullish rebound.

Trendlines are a subjective price-action analyst method and less dependable than moving averages or key levels. A break, used in tandem with technical analysis, could hint at a change in movement.

Here’s what AI-driven market insights for some majors look like on Wednesday.

Dogecoin Price Analysis as Whales Accumulate 800M DOGE

  • Dogecoin whales have accumulated over 800 million DOGE in the last 48 hours, signaling potential confidence in the asset’s short-term prospects, data shows.
  • DOGE is currently trading at a critical juncture around $0.154-$0.155, with immediate resistance at $0.157 and crucial support at $0.153 that must hold to prevent further decline.
  • DOGE experienced significant volatility, reaching a peak of $0.169 before entering a pronounced downtrend with lower highs and lower lows since April 14th.
  • Support levels established around $0.155 have been repeatedly tested, with volume spikes coinciding with major price movements.
  • The 48-hour Fibonacci retracement shows price currently hovering near the 0.618 level, suggesting potential consolidation before the next directional move.
  • A sharp selloff occurred between 05:19-05:24, with price plummeting 1.1% in just five minutes on exceptionally high volume (15.3M in a single minute).
  • The subsequent bounce formed a potential double bottom at $0.153, with price currently consolidating around $0.154.
  • Volume analysis shows clear distribution before the drop and accumulation during the recovery attempt.

Solana Shows Consolidation

  • Recent price action shows SOL navigating volatility as geopolitical factors create market uncertainty.
  • Solana (SOL) experiences significant price volatility, consolidating between $125-$132 after a 13.7% surge from $119.59 to $136.01.
  • Solana leads decentralized exchange (DEX) volumes, outpacing Ethereum for three consecutive days with $2.43 billion in trading activity.
  • Recent trading shows SOL consolidating between $125-$132, with key support established at $125.25.
  • Volume analysis reveals diminishing buying interest after the initial rally, suggesting market indecision.
  • The 50-hour moving average at $129.80 now serves as a critical pivot point.
  • Fibonacci retracement levels indicate potential support at $127.40 (38.2%) if current levels fail to hold.

Cardano Sees 8% Bellyflop in Volatile Session

  • ADA experienced significant volatility, surging from $0.618 to a peak of $0.667 (8.0% range) before undergoing a substantial correction.
  • Recent trading shows ADA consolidating between $0.605-$0.615, with increased volume during downward movements suggesting continued bearish pressure.
  • Trading data reveals increasing volume during downward price movements, suggesting persistent selling pressure despite oversold conditions on 48-hour momentum indicators.
  • While some accumulation appears to be occurring at lower levels, potentially forming a base for recovery, ADA now faces significant overhead resistance from the 200-hour moving average.
  • The 200-hour moving average now acts as overhead resistance, reinforcing the bearish trend. 48-hour momentum indicators reveal oversold conditions, potentially offering short-term relief.
  • Volume increased significantly during downward movements, confirming selling pressure.



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16 04, 2025

Here is Why 1000 XRP Won’t Make You Rich Even if Price Hits $5 to $10

By |2025-04-16T10:05:38+02:00April 16, 2025|Crypto News, News|0 Comments

Investors are confident that XRP will clinch new highs this cycle, but the rally expected to turn pennies into fortunes might not materialize anytime soon.

The impact of the broader market downturn on XRP has been evident, as the altcoin has struggled to maintain its footing above the psychologically important $2 mark. However, in recent days, XRP has observed a mild recovery push, up over 5% in the past 24 hours to trade at $2.17.

Analysts Expect XRP to Reach $5 to $10

These frequent instances of recovery efforts have helped XRP hold above $2 despite the ongoing market turbulence. They have also contributed to optimism among investors who believe XRP still has the potential to claim new highs in this cycle. For example, analyst Dr. Cat suggested that XRP’s worst-case scenario for this run would see it hit $4.5.

Meanwhile, others have called for higher price targets. Most recently, market watcher EGRAG Crypto predicted that XRP could hit the Fibonacci level aligning with the $5 mark. However, he identified four signs of strength that are necessary for a run toward this region.

Further, earlier this month, Bitget’s Chief Analyst Ryan Lee projected bullish XRP price goals, with his bull case targeting a maximum of $10. However, Lee’s projected timeline is less bullish than most, as he expects the $10 price to materialize in 2030. Notably, Cas Abbé believes XRP could hit $10 this cycle.

Nonetheless, while a price range of $5 to $10 remains a largely bullish target for XRP, it might not bring the gains some investors expect. For instance, some XRP investors hold 1,000 tokens but look forward to securing fortunes when XRP hits some of these price targets.

Holding 1,000 XRP won’t Make You Rich, even if XRP claims $5 to $10

To put things into perspective, 1,000 XRP tokens are currently worth $2,170 at the current price of $2.17. If XRP secures a 130% increase from here to claim the $5 target, this investment will be worth $5,000, presenting returns of $2,830. While this is a positive ROI, it’s still far from making anyone rich in any country.

Meanwhile, the $10 price target, representing a more substantial 361% gain, would push these tokens to a worth of $10,000. Still, these returns are not sufficient to place the investor among the rich in their space.

For XRP investors to gain substantially in this bull run, they would need to hold larger amounts for when the asset reaches targets such as $5 to $10. For instance, an investor with a balance of 150,000 XRP, currently worth $325K, would see their investment hit $750,000 when XRP hits $5 and $1.5 million when XRP claims $10.

However, an alternative approach to securing larger gains from smaller investments would be to await a more massive XRP price explosion. For this, targets of $20, $50, and $100 have featured among market experts. 

Nonetheless, with its total supply of 100 billion tokens, XRP’s market cap would soar to $2 trillion for a $20 price and $10 trillion for $100. For context, the lower valuation would surpass Bitcoin’s current market cap, which now sits at $1.6 trillion. 

Notable, critics who have questioned XRP’s ability to reach these lofty targets have often cited this market cap effect. Meanwhile, other industry experts have dismissed these concerns, arguing that the market cap does not matter.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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16 04, 2025

$170 Target Looms As Key Resistance Breaks

By |2025-04-16T08:04:40+02:00April 16, 2025|Crypto News, News|0 Comments

  • Solana price tests $130 support, eyes breakout above $144 resistance
  • Over 32 million SOL transacted at $129, indicating strong support
  • Institutional adoption could propel Solana’s price toward $200

Solana ($SOL) price continues to capture major attention due to recent market developments and price fluctuations. It faces multiple resistance and support areas as it recovers from its recent downturns. Analysts are focused on the price levels, while some predict a price recovery if these important support levels hold.

The cryptocurrency experienced substantial volatility because of liquidations at $100 in April 2025 after its price rapidly declined. The $130 level acts as an important support level which could push the Solana price up. Market participants eye the $144 level as their potential price target if Solana breakout above the current resistance level.

Solana Onchain and Price Analysis

Glassnode data shows that the largest group of SOL holders purchased the tokens at $129.79 with more than 32 million SOL transacted at this price level. The massive accumulation of SOL tokens at these price levels could drive potential rebounds in future if markets decline, because many investors choose to buy or hold when prices drop.

Analysts predict that the price of Solana could move towards the $170 to $180 price range if it holds above crucial support levels. However, others indicate that the most likely short term scenario is that Solana will consolidate between $125-$135. This price zone has been identified because most of the recent transaction volume has happened here which makes it a stable zone.

Solana Price Prediction: $170 Target Looms as Key Resistance Breaks 4

The launch of Canada’s first spot Solana ETFs has increased market speculation about Solana price movements. The April 16, 2025 launch raises speculation that institutional adoption will drive the price up to $200. The increased institutional acceptance could boost Solana’s market demand , which may cause increased volatility in future.

Key Price Levels

Investors and traders continue to monitor whether Solana will break essential resistance levels, especially the $144 price level. If Solana breaks above the $144 resistance level it could gain further price appreciation but failure to hold above the $130 support level could trigger a further downward movement.

0 Target Looms As Key Resistance Breaks
Solana Price Prediction: $170 Target Looms as Key Resistance Breaks 5

The potential reversal or correction in SOL price could influence its short-term price direction. However, market analysts continue to analyze both technical indicators and on-chain data to predict future Solana price trends.

The crypto community has expressed confidence in the long-term potential of Solana. The market focuses on key price levels at $130, $144 and $200. Market traders should monitor Solana price charts, technical indicators and institutional adoption of Solana’s investment products.

As at press the price of Solana traded at $134.72.



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16 04, 2025

XRP News Today: XRP Strengthens Above $2.15 as Analysts Eye Key Levels and Positive Regulatory Signals

By |2025-04-16T06:03:11+02:00April 16, 2025|Crypto News, News|0 Comments

The price of XRP has surged past the $2.15 mark, reigniting investor enthusiasm and speculation around a potential spot ETF approval and a long-anticipated settlement in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC).

The digital asset has emerged as a market leader in recent days, gaining momentum from both macroeconomic developments and optimism surrounding regulatory clarity.

Regulatory Pause Fuels Settlement Optimism

XRP’s latest rally comes amid significant legal and political developments. The Ripple vs. SEC lawsuit, ongoing since late 2020, may finally be nearing resolution. Ripple and the SEC have jointly requested a suspension of the appeal process, a move widely interpreted as groundwork for a settlement. Ripple CEO Brad Garlinghouse confirmed that an agreement with SEC staff has been reached, though a final vote by the Commission is still pending.

A potential SEC v. Ripple settlement is pending commission approval, with no brief to be filed on April 16th. Source: JackTheRippler via X

Market watchers believe that a settlement decision could hinge on the confirmation of Paul Atkins as SEC Chair. Known for his pro-crypto stance, Atkins’ swearing-in is expected to shift the regulatory balance. Legal analysts suggest the delay is strategic, allowing time for Atkins to be officially instated, potentially leading to a 3-1 vote in favor of dismissing the case.

“This pause is not just procedural—it could be pivotal,” noted one pro-crypto legal expert. “With Atkins in place, the SEC may finally pivot away from its combative stance on Ripple.”

XRP ETF Hopes Spark Institutional Interest

Beyond the legal landscape, XRP is riding a wave of anticipation over the launch of a U.S.-listed XRP exchange-traded fund (ETF). The recent debut of a leveraged XRP ETF by Vermont-based Teucrium attracted $36 million in investor inflows over just five days. While modest compared to Bitcoin ETFs, the fund’s performance signals growing institutional appetite for XRP.

The possibility of a dedicated spot ETF remains a major catalyst. If approved, it could unlock new liquidity and push the XRP price closer to its 2021 high of $3.55. “A spot XRP ETF could be a game-changer,” said Bloomberg Intelligence analyst Eric Balchunas. “It’s the bridge that connects crypto-native assets to traditional finance.”

Ripple Expands Its Global Footprint

Meanwhile, Ripple continues to strengthen its ecosystem through international partnerships and strategic expansion. The company recently deepened its ties with Revolut and Zero Hash, aiming to rival major stablecoins like USDT and USDC. In Portugal, Ripple is working with Unicâmbio to facilitate instant digital payments with Brazil, while in South Korea, BDACS has adopted Ripple Custody for safeguarding XRP and RLUSD.

Ripple also plans to enable Japanese banks to utilize the XRP Ledger for cross-border payments by 2025. In parallel, it is collaborating with Chainlink to bring RLUSD into Ethereum’s DeFi infrastructure—further demonstrating Ripple’s push toward greater utility and adoption.

Technical Levels and Price Predictions

Market analysts are closely watching XRP’s technical indicators to identify its next move. The cryptocurrency has maintained an uptrend, recently bouncing off a key trendline. According to analyst Casi Trades, the $1.90 and $1.55 zones are critical support levels based on Fibonacci retracement levels and Elliott Wave Theory.

XRP News Today: XRP Strengthens Above .15 as Analysts Eye Key Levels and Positive Regulatory Signals

XRP needs to break above $2.15 to confirm a bullish reversal. Source: TheSignalyst on TradingView

“Any drop to these levels could trigger a short-term bounce,” said Casi, “but traders should stay grounded and focus on the larger market structure.”

Meanwhile, prominent analyst Egrag Crypto warned of a potential dip to $1.85 if XRP fails to hold above the $2.30–$2.50 range. Despite the cautious tone, Egrag remains bullish in the long term, forecasting future targets of $7.50, $13, and even $27, citing macroeconomic tailwinds and historical market patterns.

SWIFT Integration Speculation Adds to Bullish Sentiment

Adding to the Ripple news cycle is speculation around a possible partnership between Ripple and SWIFT, the global payment messaging network. A former SWIFT employee claimed that banks have tested XRP’s compatibility with SWIFT’s infrastructure. While neither Ripple nor SWIFT have confirmed these reports, market analyst John Squire recently predicted a formal announcement within a week.

Such an integration would mark a significant milestone, potentially allowing major banks to use XRP for cross-border settlements—a goal Ripple has long pursued. “The SWIFT rumors, if validated, could supercharge Ripple’s role in global finance,” said a market observer.

Contrasting Signals in Market Behavior

Despite these bullish drivers, some metrics suggest cautious optimism. XRP’s trading volume has dipped by 13% in the past 24 hours, and open interest in futures markets has declined by 5.3%, according to Coinglass. However, XRP remains one of the few digital assets to attract institutional inflows last week, according to CoinShares, hinting at its growing appeal among serious investors.

Contrasting Signals in Market Behavior

Ripple (XRP) was trading at around $2.16, up 1.08% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

The XRP/USDT daily chart shows neutral Relative Strength Index (RSI) readings, reflecting balanced buying and selling pressure. Bollinger Bands indicate decreasing volatility, often a precursor to sharp price moves.

What’s Next for Ripple XRP?

As XRP hovers above $2.15, the road ahead will be shaped by legal outcomes, ETF approvals, and macroeconomic signals. President Trump’s temporary tariff relief has boosted risk-on sentiment in markets, aiding crypto prices across the board. A potential Fed rate cut later this year may add further momentum.

Still, community voices urge caution. “If you’re waiting for the lawsuit to end before investing, you might be too late,” said an influential XRP community member. “The real value will come from what Ripple does next—adoption, partnerships, and ecosystem growth.”

With regulatory clarity seemingly within reach and investor confidence growing, XRP may be approaching a pivotal turning point—one that could define its role in the evolving world of digital finance.

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