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22 03, 2025

XRP Price Prediction: Is $38 A Possibility?

By |2025-03-22T00:47:20+02:00March 22, 2025|Crypto News, News|0 Comments

The cryptocurrency world got a jolt this week with wild XRP Price Predictions emerging, especially after the lawsuit with the US SEC officially concluded.

XRP price, the token linked to Ripple Labs, soared 12% to $2.52 on March 19, 2025, after the U.S. Securities and Exchange Commission (SEC) dropped its four-year lawsuit against the company.

XRP trading volume exploded, social media erupted, and XRP’s market cap hit $146 billion, nudging past Tether’s $143 billion to snag third place among cryptocurrencies, according to CoinMarketCap.

Analysts are now tossing out a bold $38 price target, fueled by technical patterns. Meanwhile, retail traders are whipping up a storm online.

But dig into the data, and this rally is riding on leverage—not whale wallets—leaving some to wonder: can it last?

SEC Case Collapse Shifts XRP’s Trajectory

It all started back in December 2020, when the SEC sued Ripple, claiming XRP was an unregistered security.

Ripple pushed back hard, arguing it’s a currency, plain and simple. The legal battle dragged on, battering XRP’s price and reputation.

CoinMarketCap data shows its market cap tanked from $23 billion in late 2020 to a grim $10 billion by 2022.

Major exchanges like Coinbase even yanked XRP from their listings as the uncertainty grew.

Then came the turning point. On Wednesday, March 19, 2025, the SEC waved the white flag.

Ripple CEO Brad Garlinghouse didn’t hold back, calling it “a resounding victory” in an X post that day and blasting the SEC’s approach as “lawfare.”

The news sent XRP’s price up 14% in just a week, per CoinMarketCap. Beyond Ripple, industry insiders see bigger implications.

“This could redefine how the U.S. views digital assets,” an expert told Reuters on March 19. For XRP, it’s a fresh start.

XRP Price Prediction: $38 Target Emerges from Technical Charts

Crypto analysts are poring over XRP’s charts, and they like what they see. Gert van Lagen, a well-known analyst, took to X on March 19 to highlight a seven-year pattern.

XRP Technical Analysis| Source: Gert van Lagen X

He’s calling it a “double-bottom/ascending triangle”—the same setup that sparked a huge run from 2014 to 2017.

His XRP price prediction? XRP  to $38, a jaw-dropping 1,400% leap from its current $2.52.

The numbers add up. A measured move from the pattern’s neckline, which XRP price recently tested as support, lines up with that $38 target.

At that price, XRP’s market cap would balloon to $2.2 trillion, eclipsing Bitcoin’s $1.9 trillion.

Technical indicators bolster the optimism: XRP’s above its 50-day SMA ($2.45) and cruising along a long-term uptrend with the 200-day SMA at $1.66.

Still, van Lagen warns $3 is the next big test—hold that, and the sky’s the limit. XRP’s big moment isn’t just playing out on charts—it’s lighting up social media too.

Analyst Ali Martinez, citing Santiment data on March 19, noted a massive spike in XRP mentions.

“Retail interest is exploding,” he posted. The chatter screams FOMO, a classic recipe for short-term spikes. Santiment shows XRP-related posts jumped 40% in the past week alone.

But here’s the twist: the rally’s not what it seems. Martinez pointed out that whale wallets—those holding over $1 million in XRP—haven’t budged.

Instead, futures open interest spiked by $200 million, per Santiment. That means leveraged bets, not cold hard cash, are pushing this 12% surge.

“Leverage cuts both ways,” Martinez cautioned. “A quick squeeze could send it crashing.”

With the Fear & Greed Index at 32 (Fear) on March 19, there’s plenty of nerves behind the noise.

Market Pulse: Can XRP Price Action Hold the Line?

XRP’s stats look strong at a glance. It’s up 12% in 24 hours and 14% over seven days, boasting a $146 billion market. Daily trading volume hit $8 billion—a 30% leap week-over-week.

On the technical side, it’s sitting pretty above the 50-day SMA ($2.45), with the 200-day SMA ($1.66) signaling a steady climb, per TradingView.

Yet, there’s a catch. This rally’s fueled by futures, not spot purchases. Punch through $3, and the bulls might keep charging.

Dip below $2.45, though, and it could unravel fast. The SEC win clears one obstacle, but regulatory uncertainty still looms large. Might this case set a precedent? Experts say it’s possible.

A $38 moonshot isn’t out of the question—van Lagen’s charts make a compelling argument—but hype alone won’t get it there.

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21 03, 2025

Binance Coin (BNB) Price Prediction for March 21 — TradingView News

By |2025-03-21T22:45:56+02:00March 21, 2025|Crypto News, News|0 Comments

Most of the coins are going down today, according to CoinStats.CoinStats”>

BNBUSD

The rate of Binance Coin (BNB) has gone up by 1.43% over the last day.TradingView”>

On the hourly chart, the price of BNB has made a false breakout of the local resistance level. However, one should focus on the daily bar’s closure. 

If it happens around it or above, the rise may continue to the $640 mark tomorrow.TradingView”>

On the bigger time frame, the level of $643.72 plays a key role in terms of further moves. If the rate fixes above it, the accumulated energy might be enough for a blast to the $660-$680 zone.TradingView”>

From the midterm point of view, none of the sides is dominating as the rate of BNB is far from crucial levels. In this case, ongoing sideways trading in the range of $620-$680 is the most likely scenario.

BNB is trading at $635.41 at press time.

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21 03, 2025

Bitcoin (BTC) Price Prediction for March 21 — TradingView News

By |2025-03-21T20:44:41+02:00March 21, 2025|Crypto News, News|0 Comments

Sellers are more powerful than buyers at the end of the week, according to CoinMarketCap. CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD has dropped by 2.23% over the last day.TradingView”>

On the hourly chart, the rate of BTC has made a false breakout of the local support of $83,358. If the daily bar closes far from that level, growth may continue to the $85,000 zone by tomorrow.TradingView”>

On the bigger time frame, the price of the main crypto is far from key levels. Thus, the volume is low, which means none of the sides is ready to seize the initiative. 

All in all, sideways trading in the zone of $83,000-$85,000 is the most likely scenario.TradingView”>

From the midterm point of view, the picture is similar. In this case, one should focus on the nearest interim zone of $80,000. If its breakout happens, the energy might be enough for a dump to the $72,000-$76,000 area.

Bitcoin is trading at $84,028 at press time.

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21 03, 2025

Dogecoin (DOGE) Price Prediction & Analysis: Analysts Predict Surge Soon

By |2025-03-21T18:43:12+02:00March 21, 2025|Crypto News, News|0 Comments

TLDR

  • Dogecoin is trading at approximately $0.17, with a market cap of $25.22 billion
  • Technical analysis shows a breakout from a symmetrical triangle pattern
  • DOGE needs to break past $0.176 resistance to confirm a bullish move
  • Analysts predict a possible 16% price increase if current support levels hold
  • Dogecoin is close to overtaking Cardano (ADA) in market capitalization

Dogecoin (DOGE) is currently experiencing heightened volatility in the crypto market. At the time of writing, the popular memecoin is trading at $0.17, with a 24-hour trading volume of $1.83 billion. Its market capitalization stands at $25.22 billion, holding a market dominance of 0.91%.

DOGE has shown a slight decline of 2.77% over the past 24 hours. This reflects some short-term selling pressure in the market. Over the past week, Dogecoin has been relatively stable with only a modest 2.64% dip.

The cryptocurrency briefly dropped to $0.14 in recent days. This marked a local low triggered by a broader bearish phase in the crypto market.

Dogecoin (DOGE) Price

Technical Patterns Emerge

Several crypto analysts have identified key technical patterns in Dogecoin’s price charts. Trader Tardigrade has spotted a bearish tweezer formation on DOGE’s daily chart. This candlestick pattern often indicates a potential downside move.

The formation appeared after Dogecoin failed to maintain momentum at the $0.176 resistance level. Given this pattern, the price may retest the $0.143 support level.

On the 4-hour chart, DOGE has broken out from a symmetrical triangle pattern. This suggests potential movement toward higher price levels. The breakout occurred when DOGE surpassed the descending resistance line around $0.1730.





Analyst Ali Martinez presented a one-hour chart showing DOGE trading within a narrowing range. The upper limit of this triangle rests near $0.18, while the lower support extends upward from around $0.144.

Key Price Levels to Watch

Traders are closely monitoring several key price levels that could determine DOGE’s next move. The $0.143 mark serves as a critical support level. If this level holds, it could provide a foundation for a potential rebound.

The $0.176 level represents a major resistance point. A decisive move above this threshold would signal renewed bullish strength. This could open the door for further gains.

Ali Martinez identifies the $0.16-$0.18 corridor as a crucial area containing Dogecoin’s recent price action. A clear hourly close above this zone might release buying pressure that has been building over the past ten days.

If DOGE maintains its position above the breakout area, its price could potentially climb to $0.1910. Before additional upward movement, DOGE will likely need to retest the price range between $0.1750 and $0.1730.

Potential Price Projections

Based on symmetrical triangle theory, Martinez estimates that a breakout could trigger a 16% upswing from the breakout point. This would push DOGE toward higher price targets.

Another analyst, CW, shared a daily chart illustrating a falling wedge formation stretching back to December 2024. In this pattern, DOGE formed lower highs and lower lows, converging toward a narrowing apex.

CW notes that Dogecoin has crossed above the wedge’s downward-sloping resistance line. This event is widely viewed as a bullish reversal signal once confirmed by subsequent price action.

Social Sentiment and Accumulation

Dogecoin remains the top memecoin based on social sentiment. This is largely due to its passionate following and robust public support. Strong social interaction can enhance demand and maintain long-term interest.

Smart DEX traders view the current price as a possible value range to buy Dogecoin. The memecoin is trading in what many consider an accumulation zone.

These investors have formed an accumulation base at a price support level. This is often seen as a sign of potential price appreciation.

Smart buyers’ purchases, combined with strong social sentiment, are supporting DOGE’s price. This could create conditions for further market growth as investor confidence builds.

Market Context

The broader crypto market, led by Bitcoin’s steady uptrend, is showing signs of strength. Historically, DOGE has responded positively to Bitcoin’s upward movements.

This relationship could set the stage for a Dogecoin breakout if bullish conditions persist in the overall market. For now, DOGE’s trajectory remains dependent on key technical levels and overall investor sentiment.

If Bitcoin maintains its bullish path, DOGE could follow suit. This would pave the way for a push beyond current resistance levels.

Recent Price Movement

At the time of writing, Dogecoin has escaped from its symmetrical triangle pattern. The 4-hour price chart showed an outgoing candle demonstrating bullish force.

The failure of bulls to defend prices above $0.1730 would invalidate the breakout. This could potentially cause DOGE to move toward the $0.1660 or $0.1600 ascending support levels.

Evidence of bullish momentum through the symmetrical triangle breakout requires continuous demand from buyers. DOGE will likely see additional price gains if trading volume remains high.



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21 03, 2025

Cardano (ADA) to $2? New Price Prediction Says Yes

By |2025-03-21T16:42:18+02:00March 21, 2025|Crypto News, News|0 Comments

For those keeping an eye on Cardano (ADA), another price prediction has surfaced, this time pointing to a potential rally back to the $2 mark. The reason? A right-angled descending wedge pattern — an indicator that, if confirmed by a daily close above $1.15, could pave the way for a significant move upward, possibly doubling the current price.

Right now, ADA sitting at $0.7145, quite a distance from the last time it touched $2, which was back in November 2021 — more than three years ago. But this is not just about historical price points or technical patterns; it is also about timing, sentiment and general market conditions. 

Related

The dropped cases against Coinbase and Kraken have seemingly removed the weight of an SEC investigation over whether ADA is an unregistered security. That overhang alone had kept some investors cautious. Now, with that pressure easing, ADA is stepping back to attention.

Beyond the regulatory shift, there is something else in motion: talk of an ADA exchange-traded fund (ETF). There is also speculation about Cardano’s potential inclusion in a U.S. Digital Asset Stockpile, which adds another layer to the conversation. 

The bottom line? Institutional interest, market legitimacy and potential price impact. But let’s not jump the gun. A pattern is just a pattern until price action confirms it. 

Related

Cardano (ADA) Puts Together Ultra-Bullish Price Puzzle

The key number here is $1.15 — if it does not close above that, the breakout scenario is still just hypothetical.

For now, it is just a matter of watching and waiting. Will Cardano push through the resistance and go into higher territory, or will this just be another unfulfilled technical setup? The market will decide soon enough.

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21 03, 2025

Big Move Coming After Fake Pump?

By |2025-03-21T14:41:24+02:00March 21, 2025|Crypto News, News|0 Comments

  • XRP just grabbed liquidity on the left—is this a setup for another drop before a real reversal
  • Many traders are buying the retracement, but a deeper liquidity grab below could be the real move
  • Watch the M30 demand zone closely—if it holds, XRP could see a strong bullish push

I’ve seen this pattern play out countless times.

XRP pumps hard, takes out liquidity on the left, and then traders rush in, thinking they’re catching the next big move. But if there’s one thing I’ve learned, it’s that the market doesn’t reward the obvious play.

Right now, we’re seeing XRP retracing after the FOMC-induced volume spike.

Many traders are looking at this range as the perfect buy zone, but is it really? Or is the market setting up another trap?

Let’s break it down in this XRP analysis.

XRP Analysis: Liquidity Grab Before the Next Move?

I remember back in 2024, when XRP was hovering around key resistance, and everyone was convinced it would moon. Instead, price dumped first, taking out stops, before making the real move up.

Looking at today’s structure, I see something similar.

XRP already grabbed liquidity on the left, and now it’s retracing.

Big Move Coming After Fake Pump?

While many are buying this dip, I believe the real play is lower—around the demand zone on M30.

  • Here’s why:
  • The market often traps early buyers by sweeping liquidity before the actual reversal.
  • Retail traders are too focused on the last bullish impulse—they don’t see the liquidity waiting below.
  • Knowing how markets work, a deeper reaction is more likely below the demand zone than in this range.

If we get a strong bounce from that lower level, then we might have a real bullish setup.

XRP Price Prediction: What’s Next for XRP?

If XRP holds above this demand zone, we could see a strong reaction leading into the next bullish impulse. However, if it loses that level, we might be looking at a deeper retracement before any real recovery.

Bullish Scenario

  • Price tests the M30 demand zone and bounces with volume.
  • Buyers step in, pushing XRP back towards resistance.
  • We break structure, confirming the next leg up.

Bearish Scenario

  • XRP fails to hold demand and liquidity grabs lower levels.
  • Price takes out weak longs before forming a real bottom.
  • A deeper retracement before any meaningful uptrend.

Final Thoughts: Stay Ahead of the Market

If there’s one thing I’ve learned, it’s this: markets love to move against the crowd. Right now, many traders are blindly buying this range, unaware of the liquidity below. That’s why I’m keeping an eye on deeper demand zones for a real reaction.

What’s your XRP price prediction?

As always, there are no guarantees in trading. XRP could move unpredictably, and it’s crucial to stay adaptive.

If you’re looking for a way to test your trading skills, check out the WEEX World Futures Competition!
There’s up to $800,000 in prizes, and top traders can win 35% of the prize pool. Plus, team up for 5-20 USDT each. The campaign wraps up on March 28th, 2025, so don’t miss out!

Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

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21 03, 2025

Forbes 30 Under 30 Expert Says Dogecoin Will Soar as Falling Wedge Breakout Looms—Here’s His Target

By |2025-03-21T12:40:19+02:00March 21, 2025|Crypto News, News|0 Comments

A prominent market analyst, Forbes 30 under 30 and Seen On FOX, CNBC, has shared a bullish outlook for Dogecoin, the largest meme coin by market cap, amid an imminent structural breakout with his 1.3M X followers.

DOGE has set its sights on a breakout amid recent bullish price developments. For perspective, the doggy-themed meme coin surged to an intraday high of $0.18 on Thursday, spurred by a broader market bullishness from Wednesday’s dovish FOMC meeting.

While Dogecoin retraced considerably from the high to close at around $0.1694, a recent analysis suggests the imminent resumption of another bullish rally. This is because the token is nearing a structural breakout, which could spur a retest of its January price high.

Dogecoin Nears Breakout

Carl Moon, a prominent market pundit and founder of the Moon Show, highlighted this bullish price development on DOGE’s daily timeframe in an X post on Thursday. He shared that the asset looks set to breach above a multi-month falling wedge.

Interestingly, Dogecoin has trended within this channel since its January high of $0.4350, making lower highs and lower lows. With the leading meme coin’s price trend getting tighter within the wedge, its recent surge to $0.18 has pushed it to the structure’s tip.

Dogecoin’s Falling Wedge/Carl Moon

Moon identified that the token is nearing a breakout, speculating a notable upside if it successfully defies the price structure. He predicted Dogecoin would “absolutely fly” to $0.434, 157% away from its current market price.

Notably, the analyst’s target correlates with the price high of the falling wedge, attained two days before Donald Trump’s inauguration. DOGE needs to close above $0.185 on the daily timeframe or risk revisiting the channel’s bottom.

Dogecoin Holds Crucial Support

With Dogecoin nearing a breakout, it still holds key support between $0.16 and $0.17. Analyst “Whalesdesk” identified this support area in a recent report, stressing its importance for higher prices.

His commentary identifies that if Dogecoin keeps holding the demand zone, it could surge to a four-year high of $0.60. Meanwhile, Whalesdesk highlighted the token’s path to the multi-year high, including a stop at $0.30 and $0.45, close to Moon’s price target.

Moreover, recent network catalysts suggest confidence in Dogecoin’s predicted upward trajectory. Bullish sentiments from incessant whale accumulations and the surging user participation in the Dogecoin network could catalyze the scintillating northward drive.

In the meantime, DOGE trades at $0.1696, up a mere 1.13% in the past week.

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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21 03, 2025

Here’s Why XRP Price Has Not Skyrocketed Despite SEC Dropping Ripple Lawsuit

By |2025-03-21T10:39:37+02:00March 21, 2025|Crypto News, News|0 Comments

Despite the major victory for Ripple in its long-standing legal battle with the U.S. SEC, XRP price has failed to surge to new heights.

For context, the SEC recently dropped its appeal against Ripple, a move expected to eliminate all legal baggage and potentially trigger a massive price rally for XRP. However, XRP only climbed to $2.60 before retreating to $2.43, leaving many investors puzzled.

On a recent episode of The Good Morning Crypto show, host Abdullah “Abs” Nassif addressed this sentiment, noting that many in the XRP community, including everyday investors, question why the price remains stagnant despite the bullish news. 

Nassif pointed out that some investors, like his friend’s grandfather, are constantly monitoring XRP-related updates, expecting a major price movement that has yet to materialize.

The Market Priced in the Outcome Early

In response, Johnny Krypto, co-founder of Merlin, explained that the lack of a substantial price spike was expected. He argued that markets often price in expectations well in advance, meaning the XRP rally that took the price from $0.50 to $2.50 last November was a response to speculation that the case would eventually come to a favorable end.

“When Trump won, there was no logical reason for XRP’s price to jump, but the market was pricing in that the lawsuit would be dropped,” Johnny noted. “That’s why we saw the big pump back then.”

He added that if the SEC had maintained the appeal, XRP’s price would have likely plummeted instead of staying stable. Since traders had already positioned themselves based on this expectation months ago, there was little room for additional upside when the news became official.

What’s Next for XRP?

Now that Ripple is no longer weighed down by the legal battle, the question becomes: what will drive XRP’s next price rally? 

Nassif and his guests stressed that the lawsuit’s resolution is important, but it does not guarantee immediate price gains. The next phase for Ripple and XRP will depend on adoption, real-world use cases, and institutional investments.

Johnny pointed out that for XRP to climb higher, there must be new demand. “We need big contracts, institutional adoption, and fresh capital coming in,” he said. “Now the monkey is off their back, and they have to prove the real value of XRP.”

Notably, some factors that could fuel XRP’s next rally include tokenization, cross-border payments, and central bank digital currency (CBDC) initiatives. These developments will likely help in shaping XRP’s long-term price trajectory.

A New Base for XRP?

Interestingly, analyst Mario shared similar views, noting that XRP is now trading at a new, higher base. He explained that the token witnessed suppression under $1 for an extended period due to the lawsuit but has since stabilized around the $2 mark.

“We were severely dragged down for the longest time. Now that XRP is unleashed, we’re sitting at that $2 range, which is a good new base,” Mario said. However, he stressed that utility and institutional adoption will be important in pushing XRP toward higher price levels.

He also highlighted that Ripple’s ongoing developments in stablecoins, tokenization, and payments will be important in driving long-term growth. Institutions can now enter the XRP market without fear of regulatory backlash, which could open the door for significant capital inflows.

Despite the short-term price stagnation, analysts on the show remained optimistic about XRP’s future. Johnny suggested that in a bullish market, XRP could reach price targets of $4 to $8, and in the event of a “super cycle,” it could go even higher. 

However, he cautioned that XRP’s next major move would likely be driven by new developments rather than regulatory news.

Essentially, while the lawsuit’s resolution is a major milestone, the real battle for XRP’s value rests on mainstream adoption. According to Mario, investors looking for massive gains must be patient and watch how Ripple executes its long-term vision in the coming months.

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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21 03, 2025

Here Is the Number of Dogecoin Millionaires Holding DOGE Worth More Than $1 Million

By |2025-03-21T08:38:34+02:00March 21, 2025|Crypto News, News|0 Comments

The number of Dogecoin millionaires has dropped drastically over the past few months due to a steady decline in DOGE price.

This is according to on-chain data provided by blockchain analytics resource Bitinfocharts. Notably, the decline in Dogecoin millionaires has been as a result of the drop in prices on the back of a broader crypto market downturn, rather than selloffs from these holders.

Dogecoin has been one of the biggest victims of the market-wide collapse due to its higher volatility as a meme coin. For context, DOGE has crashed 45.24% year-to-date, with a discouraging 14.33% this month alone, as it collapsed to the $0.17 range. This follows a more substantial 38.63% drop in February, the largest monthly loss since April 2024.

Dogecoin Millionaires at Current Price

Amid the price decline, for a Dogecoin whale to hold up to $1 million worth of the asset at the $0.17 price level, the address must possess at least 5.8 million tokens. 

Bitinfocharts data indicates that Dogecoin addresses holding $1.7 million and above at the current price have dropped to around 867. Of this figure, those holding between 10 million DOGE ($1.7 million) and 100 million DOGE ($17 million) account for the highest number, totaling 755.

Here Is the Number of Dogecoin Millionaires Holding DOGE Worth More Than  Million
Dogecoin Holdings Distribution | Bitinfocharts

Meanwhile, addresses with balances between 100 million and 1 billion DOGE worth $17 million to $170 million amount to 97. Those who hold between 1 billion DOGE ($170 million) and 10 billion DOGE ($1.7 billion) total 14. Interestingly, only 1 address holds 10 billion to 100 billion DOGE.

However, this assessment does not account for the tier of addresses holding between 1 million to 10 million DOGE tokens, which amount to a whopping 4,223. Notably, some addresses in their tier, holding at least 5.8 million tokens, are actually millionaires. 

A Whale Accumulation Campaign

It bears mentioning that the addresses in these tiers have actually increased over the past year as a result of an accumulation campaign among whales. For instance, those holding between 1 million and 10 million totaled 4,065 in March 2024. 

In addition, addresses with 10 million to 100 million tokens amounted to 529 a year ago, indicating that they increased by 226 over the past year. This is largely due to what appears to be a “buy-the-dip” campaign among seasoned market participants.

In fact, data suggests that Dogecoin whales have instead been increasing their holdings amid the ongoing market turbulence. Analyst Ali Martinez confirmed that whales procured 1.7 billion DOGE within 72 hours by March 9. Whales also added 1.4 billion DOGE on March 10.

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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21 03, 2025

Wave 4 Structure Hints At A $3.40 Rally

By |2025-03-21T06:37:24+02:00March 21, 2025|Crypto News, News|0 Comments

Key Takeaways

  • XRP respected its channel structure despite breaking below $2.40.
  • A push toward $2.65–$2.70 is possible if resistance at $2.45 is broken.
  • Speculation suggests the U.S. Treasury could integrate XRP, fueling a potential price surge.

XRP saw a sharp decline, hitting a local 0.5 retracement level, but it managed to maintain its structural integrity. Despite dipping below $2.40, it adhered to its established channel and found support at the 1.236 extension level for Wave C.

These movements are in line with normal Wave 4 corrective action that preserves the overall bull structure. If this support holds up, the cryptocurrency can break through to $2.65–$2.70.

The key resistance point to look out for is $2.45. If it breaks this level, it would seal the deal on the bullish trend.

But a breakdown below would take it to a deeper 0.618 retrace of $2.36. Despite this oscillation, the cryptocurrency remains bullish on a macro front and is still above the key 0.382 retrace mark of $2.25.

Wave 4 Structure Hints At A .40 RallyWave 4 Structure Hints At A .40 Rally

The bigger picture indicates that higher levels above $3.40 are possible in the near future if the market follows its present trend.

Speculation Over U.S. Treasury Involvement

There has been recent speculation about a potential large injection of funds into XRP after a recent podcast by CryptoSensei. It has been asserted that up to $51 trillion of U.S.

The Treasury can be channeled to the asset by means of changes in financial strategy or regulation. While this is a very speculative situation, there are some hints that activity is increasing on the XRP Ledger that might indicate institutionally driven interest.

The podcast also touched on former U.S. President Donald Trump’s comments on a Crypto Strategic Reserve and opened up more debate on whether XRP would become a part of the world’s finance.

If Ripple’s legal struggles continue to turn in its favor, it would serve to enhance the asset’s credibility for widespread adoption.

While there is no concrete evidence that validates U.S. Treasury involvement, even a possibility of such has increased bullishness among XRP enthusiasts.

Can XRP Hit $2.21 or Even $10 by 2025?

Market forecasts for XRP are varied, with some predicting modest increases and others predicting a potential boom. Some experts are forecasting XRP to rise to between $1.19 and $2.21 by December 2025 based on sustained bullish trends.

On the optimistic side of things, there is speculation that institutionally driven adoption would propel prices to as much as $10 levels, though such estimates are hypothetical for now.

Even though it has been a tough 2024 with Ripple’s token offerings influencing prices, things are set to get better for 2025. If XRP can turn $2.70 into a support area, it may set it up for more gains.

Related Reading | Bithumb Under Investigation in South Korea for Ex-CEO’s Suspected Fund Misuse

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