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1 317
š¤©XRP Price Shoots 10.5% Eyeing Ethereum Flippening With This Breakout
XRP price šeyes a major breakout against Ethereum with a minimum of 160% rally ahead thereby hitting fresh all-time highs ahead.
Ripple native crypto XRP has bounced back strongly, surging 10.5% in the last 24 hours and shooting above $2.50 levels. The XRP price has faced huge volatile movement over the past week in the range of $1.90-$3.0. Amid the ongoing recovery, some market analysts expect a further 160% rally for crypto against Ethereum, thereby overtaking ETH in the second spot.
XRP Price Jumps Eyeing Ethereum Flippening
Crypto analyst Dom has highlighted an important XRP price chart pattern as the Ripple cryptocurrency seeks to break its ālargest resistance in historyā against Ethereum (ETH). Dom notes that in previous instances when the crypto has successfully broken through this key resistance, its price has gone parabolic, delivering gains of at least 160%.
āEven half of that move would be enough for XRP to flip ETH in market capitalization,ā the analyst stated.
As shown in the above image, if the XRPETH pair manages to break the 0.012 resistance, it could set the stage for a parabolic rally. Probably after seven years since 2018, we might again see XRP flippening the worldās largest altcoin Ethereum (ETH), amid the strong underperformance of the latter.
Crypto analyst Ali Martinez has reported a massive surge in the number of active XRP addresses over the past week. According to Martinez, active XRP addresses have increased by an astonishing 620%, rising from 74,589 to 462,650. This significant growth underscores heightened activity within the XRP
Will Ripple Crypto See Explosive Rally to $27?
Crypto analyst EGRAG Crypto has identified a potential weekly channel formation in XRP price action, drawing parallels to its historic 2017 breakout. Back in 2017, the Ripple cryptocurrency witnessed a 2,500% rally over 175 days while moving from the low end of the price channel to a cycle blow-off top. Now, the altcoin is forming a similar price action with XRPās 21-day EMA closing above the channel and a minor wick present.
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𤩠XRP ARBITRAGE SCHEME 04.03 š
š± BUY š¤©XRP price on Binance.com or any other exchanges : $2.35
š± SELL š¤©XRP price on Xrparbitrage.com : $2.51
šThat's a potential price difference of ±6.84% šYou know what you have to do š°
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Right now the price range of XRP is high than the normal market price,
So you can create an account on xrparbitrage.com
Deposit XRP and sell at high price for usdt
Withdraw usdt and buy XRP from a different exchange at lower price and deposit again on XRP arbitrage
You can only repeat this step 3 times daily
The maximum deposit amount is $3m XRP
Utilize the strategy now and enjoy every profit that comes with it.
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ā”ļøXRP Investors Cash Out $1.6 Billion Amid Market Stagnation ā Arbitrage Trading Holds the Key
XRP investors have cashed out a massive $1.6 billion in profit-taking after six weeks of frustrating price stagnation, with arbitrage trading on xrparbitrage.com emerging as a critical lifeline. In just 24 hours, nearly 695 million XRP tokens hit the market, reflecting growing impatience among holders. This surge in selling, typical during extended consolidation phases, has ramped up pressure and stalled upward momentum.
Yet, amidst the chaos, long-term arbitrage trading holders on xrparbitrage.com stand firm, acting as a bedrock of support for XRP. The MVRV Long/Short Ratio reveals these savvy investors are still in the green, cushioning the market from a steeper fall. Their unshaken confidence is the linchpin keeping XRPās vital support levels intact, even as short-term traders bail out.
The current consolidation has choked XRPās growth, locking it in a tight range with no breakout in sight. Repeated attempts to smash through resistance have fizzled, leaving the token adrift. Without a jolt in market sentiment, this sideways grind could drag onāunless arbitrage traders on xrparbitrage.com seize the moment.
The risk is real: mounting sell-offs could test XRPās fragile support zone. If it cracks, the outlook flips bearish fast, spelling trouble for investors. Long-term arbitrage holders are the marketās ace in the hole, but a tidal wave of selling could still upend this delicate equilibrium.
In short, XRP is wrestling with investor unrest, escalating profit-taking, and a stubborn price rut. While arbitrage trading on xrparbitrage.com provides a stabilizing edge, the clockās tickingāany spike in selling pressure could tip the scales. Stay ahead of the game: by this weekend or next week, weāll drop exclusive guides on mastering XRP arbitrage trading at xrparbitrage.com to unlock high-volume profits in any market.
@cryptoopdate
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Hong Kong šš° investment firmās board gives nod to more Bitcoin buying
HK Asia ā”ļøHoldings Limited has increased its Bitcoin holdings to nearly 9 BTC, just a week after the investment firm saw its share prices double after buying its first Bitcoin.
HK Asia, a Hong Kong-based investment firm, said in a Feb. 23 announcement that its board āhas approved the Company to further increase its investment in Bitcoinā and shared that on Feb. 20, it purchased around 7.88 Bitcoin BTC $95,422 for a total cost of around $761,705.
It added that its latest Bitcoin buy was financed through internal resources and brought its total Bitcoin holdings to around 8.88 BTC, which it bought at an average cost of $97,021 per coin ā around $861,500 in total.
On Feb. 16, HK Asia shared it purchased 1 BTC, which was enough for investors to pile into its stock the next day when markets reopened to boost its share price by nearly 93% by the close of trading on Feb. 17.
Shares in HK Asia were up by around 5.7% on Feb. 24 as of the lunch break on the Hong Kong Stock Exchange and were trading at around 6.66 Hong Kong dollars (86 cents), according to Google Finance.
HK Asia shares started Feb. 24 trading around 7 Hong Kong dollars (90 cents), up over 11% from its Friday, Feb. 21 close. Source: Google Finance
If its current price holds, HK Asiaās stock could be set to close above its June 2019 all-time high of 6.50 Hong Kong dollars (84 cents), with its share price already up 1,700% so far this year.
HK Asiaās Bitcoin foray follows a recent trend of publicly traded firms buying the cryptocurrency with the aim of boosting company earnings.
In its announcement earlier this month, HK Asia said its board had seen the āincreasing popularity of cryptocurrencies in the commercial worldā as part of the reason for its initial BTC purchase.
The company said in its latest note that its Bitcoin buys are below the threshold for it to legally have to share its bought the cryptocurrency but made the announcement āon a voluntary basis.ā
Bitcoin has traded flat over the past 24 hours and is currently down less than 1% to $95,537. It has traded below the psychologically important $100,000 level since Feb. 5 and is down 12% from its Jan. 20 peak of $108,786, according to CoinGecko.
#share @cryptoopdate
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New SOL signal page for those interested on SOL and wants to level up in the game
Join now https://t.me/solanainsderupdate
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šStellar Price Forecast: XLMās Total Value Locked reaches over $62 million
ā”ļøStellar price is trading inside a channel; a breakout would indicate bullish momentum.
DefiLlama data show that XLMās TVL reached $62 million.
The technical outlook projects a target of $0.74.
Stellar (XLM) price trades inside a channel pattern; a breakout indicates bullish momentum. Crypto intelligence tracker DefiLlama data shows that XLMās TVL reaches $62 million while the technical outlookprojects a target of $0.74.
Stellar price could move higher on channel breakout
Stellar price trades inside a channel pattern formed by connecting multiple highs and lows with two trendlines from late November. This technical pattern breakout favors the bulls, and the target is generally obtained by measuring the distance between the first daily high and the first daily low to the breakout point. Moreover, XLMās price has been retested, and support for its 200-day Exponential Moving Average (EMA) has been found at $0.284. At the time of writing on Thursday, it trades at around $0.343.
If XLM breaks decisively and closes above the parallel channel pattern around the $0.416 level, it could rally 77% to test its technical target at $0.740.
šThe Relative Strength Index (RSI) on the daily chart reads 45, bouncing off its oversold level of 30 last week, indicating mild strength in bullish momentum. For the bullish momentum to be sustained, the RSI must trade above its neutral level of 50 for the rally to continue.
The Moving Average Convergence Divergence (MACD) indicator, which shows a bullish crossover on the daily chart, further supports Stellarās bullish outlook. The MACD line (blue line) trades above the signal line (yellow line), suggesting the bulls are buying. Additionally, it shows rising green histogram bars above its neutral line zero, indicating bullish momentum.
š§©XLM/USDT daily chart
Crypto intelligence tracker DefiLlama data shows that XLMās TVL increased from $53.57 million on February 9 to $61.84 million on Thursday, constantly rising since February 3.
This increase in TVL indicates growing activity and interest within the Stellar ecosystem. It suggests that more users deposit or utilize assets within XLM-based protocols, adding credence to the bullish outlook.
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šØSEC may drop XRP lawsuit as pressure mounts
āļøThe SEC delays key crypto lawsuits, possibly stalling before dropping them, as leadership changes and Trumpās executive order reshape regulatory power.
The SEC is delaying major crypto lawsuits, possibly to buy time before dismissing them. This strategy was seen in the Coinbase case, where the Commission requested a deadline extension. However, it has yet to formally drop its most high-profile cases.
š§²Under Gary Gensler, the SEC pursued legal action against Ripple, Kraken, and other crypto firms. Now, as leadership changes, the agency appears less aggressive. The Ripple lawsuit, filed in December 2020, remains one of the most significant legal battles in the crypto sector. With an important April 16 court deadline, many speculate that the SEC might be reconsidering its stance.
According to reports from Capitol Hill, the Commission is prioritizing cases with imminent deadlines. āIām told by multiple legal sources that the SEC has been focusing on cases with closer court deadlines, which might explain why we havenāt seen delay requests for the Ripple and Kraken lawsuits,ā said journalist Eleanor Terrett.
šØWhile the SEC requested a 30-day extension in its battle with Coinbase, no such move has been made in the Ripple case. The Commission has shown a willingness to drop smaller legal battles, but the XRP case has broader implications for U.S. crypto regulation. This means the agency might be hesitant to withdraw from it completely.
However, by April, several changes at the SEC could allow more flexibility in handling the Ripple lawsuit. The current Acting Chair, Mark Uyeda, is temporarily leading the Commission, and Paul Atkins is still awaiting Senate confirmation. If Atkins is formally approved, he could have the authority to make major decisions, including dropping the case.
Additionally, Congress recently formed its first Crypto Subcommittee, which is investigating regulatory overreach. If the findings support the idea that the SEC overstepped its jurisdiction in the Ripple case, it could pressure the agency to reconsider.
More significantly, President Trump may intervene. The Department of Government Oversight (D.O.G.E.) is already planning an investigation into SEC enforcement, and it operates under executive branch authority.
Last night, Trump escalated his policies, signing an executive order to establish direct federal oversight over regulatory agencies like the SEC and FTC. If implemented by April, this order could give the White House the power to compel the SEC to drop the Ripple lawsuit entirely.
āSo-called independent agencies like the FTC and SEC have exercised enormous power over the American people without Presidential oversight. These agencies issue rules that cost billions of dollars and impact major policy issues. Now, they will no longer be able to impose rules without accountability,ā Trumpās statement read.
This executive order has sparked intense debate. It centralizes federal power, and legal experts believe the Supreme Court may strike it down. However, it highlights how many different ways Trump could reshape U.S šŗšø. crypto regulation.
The SEC that first sued Ripple is no longer the same agency. While it hasnāt yet dropped the case, the shifting political and legal landscape may soon force a different outcome
@cryptoopdate
1 317
Coin:
BAKE/USDT
Position:
Long (5X-10X)
Exchange:
Any
Entry:
1. $0.2104
2. $0.1910
Targets:
1. $0.2152
2. $0.2205
3. $0.2310
Stop Loss:
$0.1810
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XRPās Next Big Move? Levels to Watch for 30% Rally
In this ongoing market uncertainty, XRP, the native token of Ripple Labs, appears to be consolidating within a tight range between $2.31 and $2.53 over the past few days. This consolidation serves as a crucial support level, reinforced by XRPās ascending trendline since late November 2024.
$12 Million Worth of XRP Outflow
However, this level appears to be crucial for investors and intraday traders, as they have been accumulating and betting on the long side, according to the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of a modest $12 million worth of XRP in the past 24 hours.
This outflow from exchanges indicates potential accumulation, which could create buying pressure and drive further upside momentum. Historically, this level has acted as a strong price reversal, which might explain the ongoing consolidation.
Traders Mixed Sentiment
On the other hand, intraday traders seem to be getting confused, resulting in the formation of similar long and short positions, as reported by Coinglass data. At press time, intraday traders holding long positions are over-leveraged at the $2.31 level, with $33.35 million worth of long positions.
Conversely, traders holding short positions are over-leveraged at $2.45, with $30.30 million worth of short positions. On-chain metrics indicate that traders appear to be confused, leading them to bet on both sides.
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Ripple technical analysis
XRP/USD technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave ((B)).
Direction next higher degrees: Wave IV.
Wave cancel invalid level:
XRP/ U.S. dollar(XRPUSD)Trading Strategy: XRPUSD is in a wave II structure, which is a corrective wave. After the end of wave I, wave II is expected to form a corrective ABC structure. Currently, the price is in the sub-wave b of this structure. After the end of wave b, the price is expected to correct down to the end of wave c of wave II.
Trading strategies
Buy strategy (long position):
Wait for the price to adjust down to the support zone of 1.8936 - 1.5370 and look for an opportunity to open a buy position.
Risk management:
Set Stop Loss below 1.5000 level.
XRP/USD technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((3)).
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š XRP price outlook grim as traders go short, exchange inflows increase
š«Net inflows to spot XRP centralized exchanges turned positive early Thursday after days of outflows, putting the token in focus following a record-breaking month for its DEX.
XRP is trading below key support levels, with immediate resistance at $2.49 and more around the $2.60 level.
Net inflows to spot XRP tokens turned positive early Thursday after days of outflows, putting the token in focus following a record-breaking month for its native decentralized exchange (DEX).
Over $15 million in XRP flowed to centralized exchanges on Thursday led by deposits to Bybit and Kraken, Coinglass data shows. Spot inflows to exchanges may mark an intention to sell tokens on the open market, dampening chances of a rally.
Meanwhile, 8-hour funding rates in the XRP perpetual futures markets stood at -0.0065% as of Thursday morning, implying a bias for short positions that profit from price drops. Notably, XRP's funding rates were more negative than ETH and BTC.
Negative funding rates mean traders holding short positions are willing to pay a small fee to those with long positions to keep their bearish bets open.
XRP below key averages
XRP trades below several key moving averages, with the 10-day exponential moving average (EMA) at $2.84 and 21-day EMA at $2.88. Trading below these moving averages suggests a bearish short-term outlook.
However, the 100-day simple moving average (SMA) is just above $2, and the 200-day SMA is at $1.30, both below the current price, indicating a bullish longer-term trend. Moving averages help identify trends by smoothing out price data, and the period readings used above are popularly used by retail traders.
Meanwhile, immediate resistance at $2.49, followed by the $2.60 level. A move past these levels would revive the bullish outlook, setting the stage for a run to the $3 mark, which it breached in January for the first time since 2018.
XRP's 14-day relative strength index (RSI) ā which measures magnitude of price changes ā was just over 36 in Asian hours, placing it in the neutral zone. Traditionally, RSI values above 70 indicate overbought conditions, while values below 30 suggest oversold conditions. An RSI around 50 is considered neutral.
@cryptoopdate
1 317
Coin:
BAN/USDT
Position:
Long3X
Exchange:
Any
Entry:
1. $0.0346
2. $0.0312
Targets:
1. $0.0356
2. $0.0364
3. $0.0371
As markets are risky, invest small amounts in it!
