ADA Forecast
Whales’ Moves: 90M ADA Buy in 4 Days Indicates Strong Accumulation and Potential Upside Momentum.
Current Price: $0.968 (-2.85% in 24h) with 27.5% Volume Increase.
Important Levels:
Support: $0.955 (EMA 200).
Resistance: $1.135 (Potential Upside of 17.5%).
Conclusion: ADA’s continued move above support supports the upside thanks to whale activity and market momentum.

34 Million XRP Moves to Exchanges: Is the Coin Facing Upcoming Selling Pressure?

The moves of crypto whales have pushed 34 million XRP to exchanges, indicating a potential sell-off. Despite the bearish signals, XRP is still maintaining its upward momentum and testing key resistance levels at $2.60.

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Scott Bessent to Sell Assets, Including Bitcoin Funds, If He’s Confirmed as Treasury Secretary

Scott Bessent, the new Treasury Secretary, plans to divest more than $521 million in assets, including Bitcoin-linked exchange-traded funds, if he’s confirmed. This is in compliance with the U.S. government’s conflict-of-interest rules, and he’ll have to sell his stake in the KeySquare hedge fund within 90 days of his appointment.

Litecoin X account hacked to promote fraudulent token

The Litecoin X account was hacked on January 11 and used by an attacker to promote a fake Solana-based token. The fake post inflated the token’s value to $27,000 before it collapsed to $3,400. The account was later recovered following investigations, and the incident joins a string of similar hacks targeting cryptocurrency accounts on social media.

Ethereum Price Prediction

Ethereum has been correcting since December and the price is moving towards a major support between $2,400 and $2,840. If the price breaks below $3,170, the downtrend could continue. While if it manages to break the resistance between $3,370 and $3,613, it could signal a bigger correction. There is also a low probability of a triangle pattern forming that could lead to an upside move. Despite the current correction, the overall uptrend is still intact and Ethereum could see a strong rally in the near future.

XRP Price Prediction: Potential Upside Provided Resistance Breaks

XRP is currently trading at $2.50 with a 9% gain in 24 hours. A break of $2.55 and $2.72 levels could push the price towards new highs, while the main support lies between $2.20-2.30. A drop below $1.96 invalidates the bullish outlook.

El Salvador booms in tourism as Bitcoin adoption and security improves

Increased tourism: 3.9 million visitors in 2024 (+22%).
Improved security: Annual murders down from 6,656 (2015) to 114 (2024).
Bitcoin impact: Attracting crypto tourists and increasing investment.
Potential challenges: IMF deal could limit Bitcoin expansion.
Bitcoin reserves: 6,024 BTC worth $569 million.

AVAX likely to rise soon thanks to whale activity
High whale volume: +71% in 24 hours.
Strong support: $36 level and 200 EMA.
Positive RSI signal: Near oversold.
Upside forecast: 25% potential rise towards $44.

Major Cryptocurrency Market Releases for the Next Week

Next week is expected to see massive releases in the cryptocurrency market totaling over $2.6 billion. Here are the top coins that will see releases:

1. $ONDO: 134.21% (huge release of $2.42 billion)

2. $ARB: 2.20% ($69.32 million)

3. $STRK: 2.65% ($27.55 million)

4. $SEI: 1.32% ($21.06 million)

5. $APE: 2.16% ($17.32 million)

6. $ENA: 0.42% ($11.98 million)

7. $PRIME: 1.42% ($10.07 million)

Traders should be wary of massive releases like $ONDO, as they can significantly impact the circulating supply.

Ripple Hits $100 Million a Day: Strong XRP Predictions for 2025

Ripple’s new stablecoin, known as RLUSD, has clocked a daily trading volume of over $100 million with expectations of a major expansion in DeFi and global payments in 2025.

Ripple’s strategy: Focuses on liquidity and partnerships with banks and fintechs via RippleNet to boost RLUSD adoption.
2025 Predictions: Austin King, a former Ripple employee, sees RLUSD playing a pivotal role in the global payments sector next year.

FTX Funds Distribution Begins via Kraken and BitGo

Kraken has begun sending out letters to affected FTX customers to receive their funds, with a 60-day grace period for claims under $50,000 ending on March 3, 2025. Kraken and BitGo have been selected as partners to distribute the funds while the timeline for larger claims remains undetermined.

XRP Prediction: High Liquidation Risk
Support: $2.24
Resistance: $2.36
Liquidation Levels:
$2.231 → $35.97M
$2.36 → $67.63M

Note: A break of $2.24 could push the price to $2.12 with large long liquidations.

XLM Forecast Conditional Bullish Momentum
Strong Support: $0.388
Critical Resistance: $0.415
Target: $0.60

If XLM closes above $0.415, it could target $0.60 as the bullish momentum continues and volume increases.

New developments in Ripple’s case against the SEC

Ripple’s CTO, David Schwartz, has revealed the legal challenges facing the company, confirming that legal restrictions have prevented them from revealing some facts publicly. These statements come amid the ongoing lawsuit filed since December 2020, which accuses Ripple of raising $1.3 billion through the sale of unregistered securities. In the latest development, Judge Hamilton has allowed some sensitive documents to remain sealed in the next phase of the case.

Solana Under Pressure Amid Market Downturn

Solana (SOL) has dropped over 12% to trade at $186 as Bitcoin’s price plunges. $20 million in leveraged trades have been liquidated as a major whale deposits 246,064 SOL on Binance. Crucial technical support is currently at $180 and if broken, the price could drop to the $120-150 range.

Bybit Temporarily Ceases Operations in India

Bybit will cease operations in India from January 12, 2025 due to regulatory changes. New trades and deposits will be blocked while only withdrawals will continue to be allowed. The platform is working on completing its registration as a Virtual Asset Service Provider (VASP) to resume operations soon.