The price of XRP, the third-largest cryptocurrency by market cap, has collapsed by roughly 14% over the past 24 hours, according to CoinGecko data. 

The Ripple-linked cryptocurrency plunged to $2.58 earlier today, reaching its lowest level since Jan. 14. 

Analyst Timothy Sykes says that crypto markets are down since they are open during the weekend due to the ongoing current trade tensions. He expects the leading US stock market indexes to “get wrecked” as well on Monday. 

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According to Sykes, the “trade tensions” are terrible for business and the economy. 

DonAlt, a prominent pseudonymous cryptocurrency trader, has suggested that the crypto market could experience another round of selling on Monday.

Bitcoin (BTC) is currently down more than 4%, holding up better than other major currencies. 

Dogecoin (DOGE) is the worst-performing cryptocurrency in the top 10, plunging by nearly 15%. 

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The end of the week is bearish for most of the coins, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has declined by 7.67% since yesterday. Over the last week, the price has fallen by 15.11%.

On the hourly chart, the price of DOGE is closer to the support than to the resistance level. However, most of the daily ATR has been passed, which means sharp moves are unlikely to happen by tomorrow.

On the bigger time frame, there are also no reversal signals yet. If the daily candle closes near its low, the drop is likely to continue to the nearest support of $0.2724 soon.

From the midterm point of view, the picture is similar.

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If the weekly bar closes around the current prices, traders may witness a test of the support level by mid-February.

DOGE is trading at $0.2959 at press time.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

Markets move in cycles, and right now, XRP finds itself in an uneasy position. Price action is telling a story, and Bollinger Bands — one of the most relied-upon volatility indicators — are laying out the next possible chapter.

When they expand, it is a sign that the market is bracing for something big. Lately, these bands have reached extreme levels for XRP, and not in a reassuring way.

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After an already rough few weeks, XRP has been unable to reclaim lost ground. The token fell through key support at $3, slipped to $2.65, and has not managed to push back toward the upper Bollinger Band.

That is where trouble starts. When an asset cannot touch that upper band after a sell-off, the odds of it sliding down to the middle band increase. And in this case, that level is sitting at $1.61.

It is not immediate, but it is lurking. A 43% drop from current levels — potentially drawn out over a more extended time frame, given the weekly chart’s influence. The downward pressure is not just technical; sentiment is not exactly screaming bullish either.

Holding $2 is crucial, not just for the charts, but for the psychology of the market. If that level does not hold, another 20% decline would not be a shock.

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This does not mean all hope is lost. Markets pivot, trends shift, and unexpected catalysts emerge. But right now, the technicals are speaking clearly. Without a strong push upward to reclaim momentum, XRP is looking at a slow grind downward. And when Bollinger Bands signal something this clearly, traders tend to listen.

Solana, Cardano, and Remittix are making big moves in the crypto world! Solana’s price is showing signs of a strong comeback, while Cardano is working hard to grow its network. Meanwhile, Remittix is gaining attention as its presale token has raised over $10.5 million in record time. Many believe it could be the best coin to invest today for huge future gains!

Can Solana’s Price Go 10x in This Bull Run?

Solana (SOL) has recently gone on an exciting roller coaster! Its price plummeted but is already beginning to rebound after hitting an all-time high of $293.31 on January 19. Solana now sells for around $238, and many investors are asking if it may rise much more.

While some analysts believe Solana has reached its lowest point and will only rise from here, others predict another decline may occur before a significant movement. One thing is certain, though: purchasers are intervening to help to sustain the price. Renowned analyst Jelle said that Solana is displaying significant levels of support, which is encouraging for further development.

The fact that Coinbase Derivatives has registered to introduce Solana futures contracts fuels likewise increasing excitement. additional traders will therefore be able to gamble on Solana’s future price, thereby attracting additional investors. Additionally there are speculations that Solana futures may be introduced shortly by the Chicago Mercantile Exchange (CME), a major participant in the financial scene. Should that occur, it would increase Solana’s reputation and draw additional consumers.

Can Cardano Compete with Other Cryptos?

Cardano was developed as a greener, safer blockchain. Working in layers, it divides transactions from other procedures. It is therefore more efficient and adaptable. Reviewing Cardano’s technology helps specialists and scientists contribute to enhance it, which distinguishes it in the cryptocurrency scene.

Though Cardano has a solid basis, it has grown slowly. Its smart contracts, which allow developers to build blockchain apps, excite many individuals about its ability to enable Still, advancement has taken more time than anticipated. Some investors becoming impatient are looking at alternative cryptocurrencies advancing more quickly.

Strong rivalry also exists for Cardano, particularly from Ethereum. Though it takes more energy and has higher costs, Ethereum is the most often used platform for smart contracts. Though Cardano’s structure is superior and its expenses are lower, it is still not as often utilized. Comparatively to other blockchains, its DeFi (decentralized finance) and NFT (digital collectibles) industries are still minor.

Can Remittix (RTX) Reach $1 in 2025?

Remittix (RTX) is a new cryptocurrency that has been growing fast. Since its presale token launch, its price has jumped from $0.015 to $0.0521, giving early investors over 300% profit! Many believe it is one of the best coins to buy now because it helps users send money across borders with no hidden fees.

Remittix makes sending crypto as easy as sending a text message. The platform converts cryptocurrencies into regular money (FIAT) quickly and safely. Unlike traditional banks, it doesn’t charge extra fees, so what you send is exactly what the receiver gets. Since transactions are recorded on a public ledger, everything is transparent, making it one of the best coins to buy now for people who want security and efficiency.

The project is expanding quickly as over 450 million RTX tokens sold generates over $10.5 million generated in its presale token. Based on current trajectory, RTX may reach $0.10 shortly and maybe $1 in 2025. For long-term development, many investors see it as the greatest currency to make investments now.

The Remittix platform is unique as it links local payment systems with blockchain technologies so that companies may send and get money all around. It also provides Remittix Pay API, which facilitates staff easy payment for businesses. Remittix is a great instrument for worldwide payments because of these characteristics.

Strong advantages surround the RTX token itself. It guarantees quick, safe transactions, provides consumers complete asset control, and removes extraneous costs. RTX could grow to be a significant participant in the crypto scene as the cross-border payment sector is anticipated to reach $250 trillion by 2027. If you’re looking for the best coin to invest today, Remittix might be a smart choice!

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

With Grayscale filing for a Dogecoin ETF, the Dogecoin price could skyrocket tremendously if the product captures only 50% of Bitcoin ETF inflows after approval.

Grayscale Investments has introduced the Grayscale Dogecoin Trust, looking to provide institutional and accredited investors with exposure to Dogecoin. Following this launch, the firm promptly filed with the U.S. Securities and Exchange Commission (SEC) to convert the trust into a spot exchange-traded fund (ETF). 

UPDATE: That was FAST. @Grayscale launched a DOGE trust earlier today and they just filed a 19b-4 to convert it into an ETF pic.twitter.com/IU64NeiPsY

— James Seyffart (@JSeyff) January 31, 2025

The move syncs with Grayscale’s push to expand its crypto offerings. Recall that the company made similar moves with Bitcoin and Ethereum, filing to convert its BTC and ETH Trusts to ETFs with the SEC. Interestingly, Grayscale also recently carried out these steps with its XRP Trust.

Notably, the Grayscale Dogecoin Trust will track Dogecoin’s market price, presenting investors with a regulated avenue to gain exposure to the meme coin without direct ownership. Currently, the trust is available for subscription to eligible accredited investors and will transform to an ETF following the SEC’s approval.

Dogecoin Price if Its ETFs Attract 50% of Bitcoin ETF Inflows

This filing is one of several efforts from different assets managers to introduce Dogecoin ETFs. Should these products see the light of day, they could attract more institutional capital into the Dogecoin market, impacting DOGE price positively.

For context, this trend played out with Bitcoin, with the sustained flows into Bitcoin ETFs pushing the BTC price to a new all-time high before a halving event for the first time ever. Specifically, these Bitcoin ETF products have recorded $40.5 billion in capital inflows since they launched in January 2024.

Notably, if Dogecoin ETFs witness only 50% of these inflows, this could have massive implications for prices. Particularly, 50% of the Bitcoin ETF inflows amounts to $20.25 billion. Applying the BoA 118x inflow-to-valuation multiplier leads to an additional market cap of $2.39 trillion for DOGE.

Meanwhile, market data confirms that Dogecoin currently boasts a market cap of $47.6 billion. An addition of $2.39 trillion would lead to a total valuation of $2.86 trillion. Now, considering Dogecoin’s circulating supply of 147.8 billion, a $2.86 trillion market cap translates to a price of $19.34. This would mark a 5,895% increase from the current price of $0.3226.

However, it bears mentioning that there is no guarantee that Dogecoin ETFs would record such a substantial amount of capital. For instance, Ethereum ETFs have only seen $2.76 billion inflows despite existing since July 2024.

Dogecoin ETF Race Heating Up

Nonetheless, the ETF race for Dogecoin appears to be heating up. In a related development, Bitwise also filed an S-1 form with the SEC to establish a Dogecoin ETF. 

Notably, Wintermute, a prominent crypto market maker, had earlier predicted that a major asset manager would launch a meme coin ETF in 2025, with Dogecoin being the likely candidate. This forecast has now materialized with Grayscale’s recent filing.

XRP is currently down by more than six percent and has dipped below the crucial $3 mark. Since the December swing low, XRP had been steadily moving upwards. However, the price has now hit a reverse and is testing support levels below $3. While the next move is still pending, analysts are optimistic that XRP is gearing up for another bullish phase.

XRP’s Current Market Structure:

According to Elliot Wave analysis, XRP’s price movement has shown an impulsive upward pattern, with pullbacks appearing corrective in nature. This suggests that a potential third wave of upward movement could soon unfold. The current price structure indicates that XRP might be positioned for a breakout. A critical support level to watch is $2.76, which is key for maintaining the bullish trend on smaller time frames.

Key Resistance and Support Levels:

The larger market pattern, which completed a correction in mid-January, sets the stage for a possible five-wave upward move. However, a breakout above the previous high at $3.40 is essential to confirm the continuation of the bullish trend. 

If XRP fails to break above this level, the market could experience a test of lower support levels between $2.51 and $2.68. In this case, the overall market structure may need to be adjusted.

Despite the uncertainty, the market sentiment remains largely optimistic, especially if XRP manages to break past the resistance at $3.40. The next major targets for XRP, if the bullish momentum continues, are $4.20 and potentially $5. Overall, XRP is showing promise, with many traders preparing for a potential breakout in the coming weeks.

Solana’s recent surge to a new all-time high of $294 has ignited discussions about its future trajectory, and many are wondering – can ETF rumors help it double its ATH and reach $600?

On the other hand, PlutoChain ($PLUTO) is attracting attention because it could help Bitcoin finally shed its “digital gold” label.

By introducing smart contracts and decentralized applications through its hybrid Layer 2 solution, PlutoChain aims to transform Bitcoin from a simple store of value into a versatile platform for DeFi, NFTs, and AI applications.

SOL Eyes $600 Milestone as ETF Approval Hopes Rise

The potential approval of a Solana-based Exchange-Traded Fund (ETF) could significantly enhance the cryptocurrency’s prospects.

Such an ETF would provide traditional investors with a regulated and accessible avenue to invest in Solana without the complexities of managing digital wallets or navigating cryptocurrency exchanges.

This increased accessibility could lead to a substantial influx of capital into Solana, driving up its market value.

However, Solana’s U.S. ETF launch may face delays until 2026, per Bloomberg analyst James Seyffart. Despite potential progress after President-elect Trump’s Jan. 20, 2025 inauguration, SEC approval could extend beyond the usual 240-260 days, as noted in Seyffart’s Jan. 16, 2025 interview.

The panel of analysts from InvestingHaven gave their medium-term Solana price predictions. They expect the price range from $220 to $750, averaging $450 while Long-term, SOL predictions span $200 to $3,211, averaging $1,000.

Experts from CoinPedia have a more conservative outlook, predicting a potential high of $400 from 2025, but see a potential for $1351 by 2030.

While ETF approval could significantly boost Solana’s price, reaching $600 would require substantial market momentum and investor confidence.

PlutoChain’s 2-Second Block Time Could Solve Bitcoin’s Scalability Issues Using Its Layer-2 Technology

Bitcoin’s dominance in the crypto market is undeniable, but its functionality has long been limited. While Ethereum and Solana have pioneered smart contracts and decentralized applications (dApps), Bitcoin has remained largely a store of value.

PlutoChain ($PLUTO) aims to change that by introducing a hybrid Layer-2 solution that could bring smart contract capabilities directly to Bitcoin.

The project could enable DeFi, NFTs, AI, and the Metaverse, to thrive on Bitcoin’s secure infrastructure.

Its Layer-2 technology offers a block time of just 2 seconds compared to Bitocin’s standard 10-minute block time.

Another standout feature is its Ethereum Virtual Machine (EVM) compatibility. This could allow developers to migrate Ethereum-based dApps effortlessly to Bitcoin, potentially creating a seamless bridge between the two ecosystems.

By removing the dependency on Ethereum, Solana, or Cardano, PlutoChain builds a self-sufficient DeFi environment within Bitcoin.

Its testnet already processes 43,200 daily transactions, proving its scalability. Security is a top priority, with PlutoChain passing independent audits from SolidProof, QuillAudits, and Assure DeFi.

With strong community governance and an enormous innovative potential, PlutoChain could redefine Bitcoin’s role in the near future.

Final words

Any potential Solana’s urge will likely be dependent on ETF acceptance, but delays until 2026 may temper immediate gains.

Meanwhile, PlutoChain could become the one to reshape Bitcoin’s future.

By introducing smart contracts and EVM compatibility, PlutoChain plans to transform Bitcoin into a hub for DeFi, NFTs, and AI. With over 43,200 daily testnet transactions and a 2-second block time, it could solve Bitcoin’s scalability issues.

Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated.

This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.

Amid the global market meltdown, several meme coins have yet to find solid ground after shedding an average 10% monthly loss. Doge is looking weak on the daily chart as it poises for another dip.

As few meme coins gain traction today, Dogecoin continued to witness a setback in its long-term bullish move following a consistent loss in the past week. Losing grip above $0.4 last month, it extended bearish and is now on the verge of dropping hard.

Notwithstanding, there’s still hope for a positive move if the bulls defend the important $0.3 level well. This level has been acting as support for some weeks, and as we can see, it may also lose grip amid rising supply.

A breakdown at this level could trigger a new selling phase in the near term. While the market sets for another drawdown, it is important to note that Doge’s structure remains bullish on a macro level. An increase above the previous high should bring relief in the selling.

When will such a scenario come into play is yet unknown as the volume level looks low at the moment. But looking at the setup from a technical standpoint, more bloodbath can be expected in the short term. The key level to watch for such a dump would be $0.2.

DOGE’s Key Level To Watch

Now that Doge is gradually losing momentum, the $0.3 level remains a key level for a breakdown. If that occurs, lower support levels to watch for drops are $0.263 and $0.22, followed by $0.18.

There are currently no signs of bulls in the market. However, if they show up again, the immediate level to watch for a bounce is $0.4. The higher resistance level for a test is $0.48 with a potential break to $0.6.

Key Resistance Levels: $0.4, $0.48, $0.6

Key Support Levels: $0.263, $0.22, $0.18

• Spot Price: $0.32
• Trend: Bearish
• Volatility: High 

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Unlike many mid-cap altcoins, Cardano’s ADA is still within a buying range despite posting notable losses in the past weeks. It now trades near a crucial support, where the next market phase will be determined.

ADA’s market structure remains weak due to a steady reduction in the past months. This suggests a strong bearish presence while undergoing a deep correction daily. Still, its mid-term bullish trajectory remains intact.

However, the crucial $0.8 level has been standing as support since it initiated drops two months ago. Technically, things are likely to get uglier soon following the new sell order building up from the $1 level.

As we can see on the daily chart, ADA has been gathering volatility for almost two weeks, subjecting trading to choppy price actions. Due to this, we may see a crash. The key target level to watch would be $0.4.

Currently, the selling pressure is low due to a lack of interest from the bears’ side but we can anticipate a major move when they show strong commitment. That should trigger a heavy supply in the market.

The only condition for a bullish move right now lies in a rebound. If the mentioned crucial level continues to provide support, we can consider an upward movement with a double-bottom pattern. As it stands, the bears are most likely to have an upper hand in the near term.

ADA’s Key Levels to Watch

Breaking down the holding $0.86 support could cause a serious sell-off to $0.765 and $0.65 before reaching the mentioned key target level.

If ADA continues to hold the mentioned level well, we may see a bounce back to $0.988. Retaking January’s $1.152 high should send us to the $1.32 resistance with a potential break up to $1.5.

Key Resistance Levels: $0.988, $1.152, $1.32

Key Support Levels: $0.86, $0.765, $0.69

• Price: $0.93
• Trend: Bearish
• Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: angrysun/123RF // Image Effects by Colorcinch

XRP is trading in a tight range, struggling to break through a key resistance level. Investors are watching closely to see if the price will push higher or if a correction is on the way. In recent weeks, XRP has been moving sideways, hovering just below $3.40, which was its recent high from January 16. This level has become a major hurdle for the cryptocurrency, and a breakout above it could trigger a strong rally. However, if it fails to gain momentum, XRP could see a deeper correction in the coming weeks. Will XRP surge past resistance and target $5 or even $6, or will selling pressure drive the price lower? Let’s take a closer look.

XRP Price Consolidation: A Setup for a Breakout?

Right now, XRP is trading near $3.10, moving sideways without any major price action. This phase of consolidation can often be a sign that the market is gathering strength before making a significant move.

The main level to watch is $3.40. If XRP breaks above this point with strong trading volume, it could confirm the start of a bullish rally. However, if it struggles to clear this resistance, the price may dip back toward lower support levels.

Key Resistance and Support Levels for XRP

Resistance Levels:

• $3.40 – A critical level that needs to be broken for further upside.
• $4.20 – The next target if momentum increases.
• $5.00 – $6.62 – Potential long-term price targets if a strong rally happens.

Support Levels:

• $3.10 – The current price level where XRP is consolidating.
• $2.52 – A key level to hold; a drop below this could lead to a larger correction.
• $1.96 – A possible lower support level if selling pressure increases.

If XRP manages to break above $3.40, the next major price target will be $4.20. This level could act as a temporary barrier before a potential push toward $5 or higher. However, if the price drops below $2.52, a larger correction could take XRP back toward $1.96.

Will XRP Rally or Face a Market Correction?

From a technical perspective, XRP could be in the final phase of a fifth wave rally. This means the cryptocurrency might be approaching the end of a larger bullish cycle. If this wave completes, a market correction could follow.

A correction doesn’t necessarily mean a bearish outlook—it could simply be a healthy pullback before another upward move. However, if selling pressure builds up and XRP fails to break resistance, the price could see a deeper drop in the coming weeks.

The market’s direction will largely depend on trading volume, market sentiment, and broader crypto trends. If demand for XRP increases and more buyers step in, the price could see a strong breakout. But if confidence weakens, a pullback is more likely.

What’s Next for XRP?

XRP is at a critical point in its price movement. If it breaks past $3.40, a push toward $4.20 and beyond could be in the cards. However, if it fails to gain momentum, traders should watch for potential declines toward $2.52 or lower.

With growing interest in cryptocurrencies and market trends shifting, XRP investors should stay alert to trading volume, price action, and key resistance levels. A breakout could bring new all-time highs, but a correction could offer better buying opportunities for long-term holders.

For now, XRP’s February outlook remains uncertain, but the coming weeks will determine whether it’s time for a new rally or a price correction.

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