$ADA 👑2 Factors That Could Take Cardano to $7, Analyst Says ADA Will Flip Dogecoin and USDC
2 Factors That Could Drive ADA Price to $7 Furthermore, Warren highlighted two major events that could drive ADA’s price to loftier targets like $7. According to him, ADA would experience a major surge during a strong bull market.
Also, he noted that ADA’s price could soar if the U.S. government adopts the Cardano blockchain for tracking spending.
For context, with Elon Musk disclosing plans to adopt blockchain technology to foster the operations of the DOGE federal agency, many believe Cardano could be a potential choice for this initiative.
Interestingly, Warren argued that if the U.S. government eventually adopts Cardano for this purpose, ADA could clinch a market cap of $250 billion. According to him, this translates to a unit price of $7, given its circulating supply of 35.9 billion tokens.
Achieving a price target of $7 requires ADA to soar 776.53% from its current level of $0.7986.
Warren’s projection comes days after Cardano founder Charles Hoskinson forecasted that ADA will emerge as one of the cycle’s biggest gainers.
Expert Sees ADA Hitting $10 This Year Meanwhile, ADA has demonstrated strong resilience over the past few weeks after plunging to a 3-month low of $0.63 on February 3.
Interestingly, it rebounded to above $0.81 before experiencing a slight correction to $0.7986. At press time, ADA is up 2.48% in the past 24 hours and 13.85% in the past seven days.
$OP 🔥Optimism (OP) Price Eyes $2: Can Bulls Break the Falling Channel?
As the altcoin market prepares for a bullish comeback, Optimism is on the verge of creating a new bullish cycle. Sustaining dominance above its $1 psychological level, Optimism is back on the bullish track.
Currently, the Optimism token OP trades at a market price of $1.15, with an intraday rise of 3.67%. Will this recovery run in Optimism extend with a breakout rally to reach the $2 mark? Let’s find out.
OP Price Trend and Bearish Channel Formation In the daily chart, the OP price trend reveals the following channel pattern. The bearish pattern started after a bullish failure in early December 2024 at $2.67.
With multiple higher price rejections, the downfall created a bearish channel. Within the bearish flow, the Optimism token dropped nearly 65%.
However, the bulls maintained their dominance at the $1 psychological mark. On February 8, Optimism restarted a poor bullish cycle within the falling channel pattern with a morning star at $1.
Currently, the token has recovered nearly 15% and is aiming to challenge the overhead trendline. Furthermore, the intraday recovery hints at a morning star pattern for a secondary bullish boost.
The overhead trendline stands near $1.30. A bullish closing above this will likely drive the Optimism price trend further.
Technical Indicators Signal Strengthening Momentum Supporting the upside chances, the daily RSI line has bounced back after visiting the oversold region. Currently, the momentum indicator is nearing the halfway level, reflecting the surge in buying pressure.
However, the declining trend in the dynamic average line poses short-term resistances apart from the resistance trendline. Considering the bull run manages to close above the overhead trendline, the Optimism token could surge toward the 61.80% Fibonacci level at $2.38. #GeopoliticalImpactOnBTC #MileiMemeCoinControversy #AIandStablecoins #CardanoETFTalk
$DOGE 🔥Dogecoin price prediction: here’s why DOGE will surge to $1 in 2025
Dogecoin price has crashed into a strong bear market this year as it crashed from the December high of $0.4845 to $0.265. It has erased some of the gains made in 2024 as the crypto fear and greed index has moved to the fear zone. This article provides an unbiased DOGE forecast and assesses whether it can stage a strong comeback and hit $1 soon.
Why Dogecoin price crashed The Dogecoin price has collapsed this year for three main reasons. First, the price action is mostly due to Bitcoin remaining in a tight range in the past few months. It has remained inside the support and resistance levels of $90,000 and $109,000.
Bitcoin usually sets the tone in the crypto industry, and when it falls or stagnates, investors dump other tokens.
Second, Dogecoin price has dropped as investors sell the news. The coin jumped ahead of Donald Trump’s inauguration in January. In most cases, assets rise ahead of a major news event and then fall when the news event happens.
Trump’s inauguration was important for the Dogecoin price because he appointed Elon Musk to head the Department of Government Efficiency(DOGE). Musk has already become the most powerful individual in the government today.
Third, DOGE price has retreated because of the falling greed in the crypto market. The closely watched fear and greed index has dropped to the fear zone of 39. A move from the extreme greed zone of 88 in 2024 to 39 is a sign that investors will remain in the sideline.
Elliot Wave points to a DOGE price rebound The weekly chart shows that the DOGE price has remained under pressure in the past few weeks. It has dropped from a high of $0.4832 in December to a low of $0.20.
$XRP 🔥XRP Price Prediction: Next Move After Supply Break? 👑Big pump or big dump 👑
XRP has broken a major supply zone, signaling potential continuation Liquidity is stacked above and below—watch for a decisive move Momentum will dictate whether XRP pumps higher or retraces first.
XRP Analysis: Liquidity Zones in Play The market moves in waves, constantly targeting liquidity to fuel its next move. Right now, liquidity is building up at both ends—above recent highs and below local lows.
If XRP pushes higher first, it could take out stop losses and liquidity before retracing to a demand zone.
If XRP drops first, it may grab liquidity from below before making another move up.
Whichever direction it takes first, the key is watching how price reacts at these critical levels.
XRP Price Prediction: Bullish or Bearish? While XRP breaking above supply is a bullish sign, we need to see how it handles the liquidity zones. Here’s what could happen:
Bullish Case: If buyers step in aggressively after a liquidity grab, XRP could continue its upward momentum. Bearish Case: A rejection from the current area might signal a deeper retrace before the next move. As always, price action is king. We can never predict the market with absolute certainty—it can and will do whatever it wants. But understanding liquidity, supply, and demand helps us make informed decisions.
$TRUMP 🔥Meme Coin Official Trump at $21, jumps 32% in a Day. Will TRUMP coin will go at 52$.
Meme coins continue to defy the expectations of investors in the crypto market, currently, the Trump token witnessed a price surge of 32% in the last 24 hours reaching $21 at the time of writing
TRUMP Meme Coin Surges in the Market Trump Coin ($TRUMP ) has captured the attention of cryptocurrency enthusiasts, emerging as a standout meme coin. Currently trading at $21, the token has experienced a rally in recent months after soaring to hit $78 on Jan 19 ahead of President Trump’s inauguration. However, the token price experienced a price decline after a structured correction of lower highs and lower lows in the market.
A descending wedge pattern has appeared on the chart, which is a classic indication of trend exhaustion that often leads to a bullish reversal. The current price is hovering near an important support level between $14.65 and $16.65. Additionally, the Relative Strength Index (RSI) is starting to recover from oversold conditions, suggesting a potential resurgence in momentum.
Trump’s Solana-based meme coin (TRUMP) surged by 40% in 24 hours, reaching $23 and approaching its February high of $24. The 24-hour trading volume now sits at $5.5 billion, compared to under $1 billion on several days earlier this week. #MileiMemeCoinControversy #BNBChainMeme #PPIShockwave #TRUMP #TrumpCrypto
$DOGE 👑Here’s Dogecoin Price if Bitcoin Market Cap Reaches $10T
Bitcoin Price at $10T Market Cap Notably, in a scenario where Bitcoin holds a market cap of $10 trillion, it suggests that the global crypto market could exceed $20 trillion.
For context, with Bitcoin’s current market cap at $1.9 trillion, it would need to expand by 418% to reach a $10 trillion valuation. With a circulating supply of 19.82 million BTC tokens, the unit value of Bitcoin would be at $504,540.
So, in a market where Bitcoin is worth over $500K per coin, what could the price of the largest meme coin, Dogecoin, be?
Dogecoin Price with Bitcoin at $10T Market Cap Estimating the price is not straightforward. However, based on proportional growth analysis, a 418% increase, similar to Bitcoin’s ascent, would put Dogecoin’s unit price at $1.17. However, this mathematical approach underestimates Dogecoin’s potential price surge as Bitcoin rallies toward $500K.
Moreover, Bitcoin, being a trillion-dollar crypto asset, has limitations on its explosive price surge compared to a meme coin like Dogecoin, which has a $42 billion market cap. This is evident in Dogecoin’s yearly performance, where it has seen a 225% growth, while Bitcoin is up by only 85%.
Also, while it took Bitcoin one full year to surge 85%, Dogecoin achieved similar growth in a matter of weeks.
Essentially, in a market where Bitcoin’s value is above $500K per coin, Dogecoin’s price growth could exceed the 418% surge that took Bitcoin there.
Timeline for Bitcoin to Reach $500K Notably, Telegaon analysts project Bitcoin could reach the $500K level with a $10 trillion cap by 2030. Meanwhile, by this 2030 timeline, the analysts expect Dogecoin’s price to be at least $13.
From its present price of $0.28, this would represent a massive 4,542% increase for DOGE. This further confirms that Dogecoin could see much higher growth during Bitcoin’s race to a $10 trillion market cap. #BNBChainMeme #PPIShockwave #CPIHighestSinceJune #MarketLiquidation
$SHIB 🔥Here are Returns on $1,000 Invested in Shiba Inu at $0.000016 if SHIB Hits XRP Market Cap
Returns of $1,000 in Shiba Inu if SHIB Hits XRP Market Cap Should any of the projected price targets materialize, this investment will likely yield impressive returns. However, the extent of these returns remain uncertain. Most recently, we assessed how much ROI such an investment would bring in if Shiba Inu grew to claim the market cap of a top 3 asset like XRP.
Currently, XRP boasts a market cap of $161.54 billion, making it the third-largest asset by market cap. If Shiba Inu claimed this valuation, the price of one SHIB token would sit at $0.000274, a new all-time high, assuming its circulating supply remains fairly stable at 589.2 trillion tokens.
Notably, at the $0.000274 price, the 59.38 million Shiba Inu tokens, initially procured with the $1,000 investment, would have skyrocketed to about $16,270, bringing in a profit of $15,270. This target price will mark a 1,527% return on investment. Meanwhile, an initial investment of $100K would have resulted in a profit of about $1.5 million.
However, while the returns seem attractive, the prospect of Shiba Inu claiming a $161 billion market cap remains merely speculative at press time. For context, SHIB’s peak market cap was $51.8 billion, attained in October 2021 when Shiba Inu reached the all-time high of $0.000088. #BNBChainMeme #PPIShockwave #SHIBARMY #CPIHighestSinceJune
Will XRP Break $3.40 or Face a Rejection? XRP’s price movement largely depends on whether buyers can build enough momentum to break through the current resistance areas.
If there’s a sustained breakout above $3.15, expect a faster move towards $3.40. If this level is also broken, XRP could extend its gains towards $3.80 in the coming days.
On the other hand, if XRP is rejected at $2.91 or $3.15, it could retest support at $2.52 and $2.37. Dropping below these levels would signal more selling pressure, potentially pulling XRP back to $2.20.
Traders should look for confirmation signals. Price stability above $2.91 would suggest stronger bullish sentiment. However, not holding above $2.52 might indicate more downside risk.
Market Sentiment: Cautiously Bullish Several major asset managers, including WisdomTree, Bitwise, 21Shares, and Canary Capital, have also filed for spot XRP ETFs. This shows growing demand from traditional finance.
Bloomberg ETF analyst James Seyffart called this news the “biggest XRP news in years.” He pointed out that regulatory acceptance could significantly change XRP’s market standing.
With institutional interest surging, everyone is wondering how an ETF approval could affect XRP’s price. As investors consider this new information, focus is shifting to key technical levels. These levels could determine the next major price swing.
XRP still looks bullish, but the next few days will be key to see if it can break through important resistance levels.
$DOGE 👑Here’s How Much DOGE You Need to Become a Millionaire If Dogecoin Price Hits $0.50, $1.00, or $2.00
Dogecoin price eyes key resistance levels amid market trends, sparking speculation on how much is needed to reach millionaire status.
Amount of DOGE Required to Become Millionaire at $0.50, $1.00 $2.00 Dogecoin price prediction has sparked discussions among cryptocurrency enthusiasts, particularly regarding the amount needed to reach millionaire status at varying price points. If DOGE were to hit $0.50, an investor would require 2,000,000 tokens to accumulate $1,000,000.
Should the price climb to $1.00, the necessary holdings would be halved to 1,000,000 DOGE. A further increase to $2.00 would reduce the requirement to 500,000 tokens, making the target more achievable for those holding significant amounts. A surge to $0.50 or $1.00 in the short to midterm is plausible, given market trends and Bitcoin’s strength. However, reaching $2.00 requires additional buying pressure and momentum, which are currently lacking. The Dogecoin price inflationary supply of 5 billion new coins annually could also weigh on long-term price growth. #BNBRiseContinues #CZBroccoliMeme #PPIShockwave #CryptoLovePoems
$TRUMP 🔥Will TRUMP Memecoin Price Reach $50 Again by the End of February?
Can TRUMP Memecoin Price Hit $50 By February End? The 30% surge in the last 2 days is a testament to the investors returning interest to this trending meme coin. As a result, this creates the possibility of further surge amid global market recovery. More importantly, from a technical point of view, the TRUMP memecoin price has recently broken out of a key downtrend and is battling with the resistance level.
A successful breakout from the key resistance of $23.53 could open the path to $50. For this bullish TRUMP price prediction to come true, this token must turn this resistance into support and surpass the low resistance between $25 and $50.
Moreover, the historical price pattern and its price chart also support the possibility of $50. According to the technical indications, the Relative Strength Index (RSI) is strong, while the MACD indicates bullish momentum. However, with the failure to reclaim, the price could crash back near the $15 support.
🔥Final Thoughts on TRUMP Coin’s Future Outlook The Trump memecoin price reclaiming $23.52 is the key moment to shape its bullish trajectory to $50. The token has already succeeded in reclaiming investors’ interest, fuled by WLFI strategic reserve announcement and whale buying.
However, despite all this, investors should not blindly jump into trade. The token is still down 74% from its prime. Failure to reclaim the $23.52 could further crash it. Moreover, the Bitcoin price movement and macroeconomic trends need to be considered. #MarketLiquidation #BNBRiseContinues #CZBroccoliMeme #TRUMP
$APT 3 Best Cryptos to Invest in for the Long Term: The Ultimate Guide
Aptos (APT) Aptos (APT) is a relatively new player in the space but has made significant progress in a short period. It focuses on scalability and throughput, aiming to build a blockchain that can handle a massive number of transactions without compromising on security or decentralization.
Aptos’ recent updates include improved scalability features that allow it to process thousands of transactions per second. The project has also attracted a lot of attention from investors and developers, which has led to a surge in its price. With the launch of its mainnet, Aptos is ready to become a major player in the blockchain industry. $EOS EOS (EOS) EOS (EOS) has been around for a while, but it has remained a top contender when it comes to long-term investments. Known for its speed and scalability, EOS is one of the best cryptos to invest in for the long term. The project is focused on creating decentralized applications with low transaction fees and high throughput.
EOS has made significant strides in improving its network with the launch of EOSIO 2.0, which includes enhanced performance and scalability. The new features ensure that EOS can handle millions of transactions per second, making it an ideal solution for enterprises looking to build on the blockchain. Moreover, EOS has been building stronger partnerships, which has led to its growing recognition in the crypto world. $QNT Quant (QNT) Quant (QNT) is one of the most forward-thinking projects out there, designed to bring interoperability to the blockchain world. It focuses on bridging the gap between different blockchain networks, allowing them to communicate and work together seamlessly. As interoperability becomes increasingly important in the crypto space, Quant’s solution is looking like a key player in the future of blockchain.
$OM 👑 Last year I asked my friend invest 100$ in OM coin for one year when this token price was 0.1$. My friend invest 100$ in this token and receive 1000 OM tokens. Today my friend sell OM tokens when OM token price hit 8$. My friend is very happy today and enjoy because he made 7900$ in 1.2 years. I can't buy this token because this time my financial condition was very bad. But now my financial condition is very good.
$DOGE 🔥Holding Dogecoin: Here’s How Much 10K, 100K, or 1M DOGE Would Be Worth if DOGE Hits $10 and $20
Worth of 10,000 DOGE if it Hits $10 and $20 At press time, Dogecoin is trading at $0.2479, a significant 24% discount from its higher price last week. At this price, accumulating 10,000 DOGE tokens would cost $2,479.
Estimated Worth of 100K and 1M DOGE if it Hits $10 and $20 Those holding larger Dogecoin portfolios stand to see their assets grow more significantly should the price hit $10 or $20.
Specifically, 100,000 DOGE tokens would be worth $1 million at a unit price of $10. This portfolio would also increase to $2 million if Dogecoin’s price rises to $20.
Notably, acquiring this 100K DOGE portfolio today would cost $24,790. The growth to $10 and $20 represents approximately a 40X and 80X appreciation from the initial value.
Meanwhile, those with even larger holdings, such as 1,000,000 DOGE tokens, could see their portfolios expand to $10 million and $20 million if the price of Dogecoin reaches $10 and $20, respectively.
Buying 1 million DOGE today would require an investment of $247,900. The gains from the $10 and $20 price points would represent a 40-fold and 80-fold increase from the initial investment.
When Could Dogecoin Hit $10 and $20? According to analyst Dima Potts, Dogecoin could reach $10 as early as May 2025. Analyst Ali Martinez has also suggested a $10 price target for DOGE, but he expects this to materialize at the current cycle’s peak this year.
Grok, a chatbot on Elon Musk’s X platform, suggests Dogecoin could reach $10 between 2029 and 2040. As for the $20 price, it predicts this could happen between 2040 and 2045.
$SHIB 🔥Here’s How Much Shiba Inu You Need to Become a Millionaire If SHIB Hits $0.0004, $0.006 or $0.03
Amount of SHIB Required to Become a Millionaire At $0.0004, $0.006, or $0.03 Amid these projections, we estimated how much SHIB investors need to hold to become millionaires if SHIB reaches these targets.
At press time, Shiba Inu is trading at $0.00001630 per token, reflecting an increase of 5.6% in the past day. Notably, SHIB’s price has also slumped 6.59% over the past week and 12.7% since February 1. In addition, Shiba Inu is down 50.6% from its 3-month high of around $0.000033, registered on December 7, 2024.
While this plunge could trouble some investors, others might see it as an opportunity to acquire SHIB at discounted prices. That said, Shiba Inu investors must have at least 2.5 billion SHIB tokens to become millionaires if SHIB hits the $0.0004 target. At the current price of $0.00001630, these 2.5 billion tokens cost about $40,750.
Those with greater confidence in Shiba Inu would require 166.67 million SHIB to become millionaires at the $0.006 price level. Investors with such an ambition can currently acquire these 166.67 million tokens for $2,716.
Furthermore, investors fantasizing about becoming millionaires if SHIB hits $0.03 must own portfolios containing approximately 33.33 million Shiba Inu tokens. The good news is that these tokens can be procured for a paltry sum of $543.
While Shiba Inu has demonstrated its prowess for strong growth, its likelihood of achieving some of these projections, particularly the $0.03 target, remains extremely low due to its circulating supply of over 589 trillion tokens. Therefore, Shiba Inu must intensify its ongoing burn campaign and remove as many tokens from its supply as possible. #BNBRiseContinues #PPIShockwave #CZBroccoliMeme #MarketLiquidation
$XRP 🔥Analyst Reveals How The XRP Price Will Hit New ATH Of $4
Crypto analyst Dark Defender has predicted that the XRP price could soon rally to a new all-time high (ATH) of $4. The analyst revealed a bullish pattern that had formed for XRP, which showed that the crypto could reach this price target and rally higher.
How The XRP Price Will Reach A New ATH Of $4
XRP price will reach a new ATH of $4. He remarked that after eliminating the $2.90 level, XRP could proceed to the critical Fibonacci level of $5.85.
The analyst also revealed that XRP’s Relative Strength Index (RSI) has the golden cross, which he claimed is bullish. He outlined the short-term targets for XRP, which include $2.90, $5.85, and $8.03. Dark Defender added that $2.44 and $2.33 are support levels for the crypto.
The analyst’s accompanying chart showed that XRP could hit this $4 price target sometime in March, after which it would rally to the $8 mark. Dark Defender had previously predicted that the crypto could hit $8 as long as it reclaims the $3 price level, which remains a crucial breakeven point.
Meanwhile, crypto analyst CasiTrades warned market participants to watch out for the $2.67 and $2.95 resistance levels, which are critical to XRP’s reaching a new ATH. Further, crypto analyst Mikybull Crypto noted that the crypto was bouncing off and asserted that $4 should be the next level, which would also mark a new ATH for XRP.
Ripple Whales Are Making Their Moves Amid the projected surge for the XRP price, Ripple whales have been making their moves as they look to position for this price surge. Whale Alert data shows that a Whale recently moved 60 million XRP ($163.7 million) from an unknown wallet to another unknown wallet.
$TRUMP 🔥TRUMP Solana Meme Coin Spikes 40% as XRP and Dogecoin Jump 👑Will Trump token again go to 40$👑
President Donald Trump's Solana meme coin has skyrocketed again, while major coins like Dogecoin and XRP show their own sizable increases.
President Donald Trump's official Solana meme coin is nearing a two-week high price thanks to a daily spike that's made it the biggest gainer by far among the top 100 cryptocurrencies.
TRUMP is up 40% over the last 24 hours to a current price around $23, putting the Solana token's price just shy of the February peak above $24.
Trump's official token has generally been on the way down in recent weeks, falling from a peak price above $73 set on January 19—two days after the token's surprise launch—to a recent low under the $15 mark.
There's no obvious trigger for Friday's surge, though trading volume is up substantially: The 24-hour rolling tally sits at $5.5 billion as of this writing, whereas full-day trading volume has registered less than $1 billion on multiple days earlier this week—including on Thursday.
But some other top coins have climbed substantially over the last day, even if they can't quite match up to the president's official coin.
XRP, for example, has surged 13% to a current price of $2.79 as of this writing, making the highest price seen for the Ripple-linked coin since February 2. XRP skyrocketed to a seven-year high price of $3.38 in January, coming only two cents away from matching the coin's all-time high mark from 2018.
And Dogecoin, still the largest meme coin by market cap, has climbed over 8% in the last day at a current price of nearly $0.28. That's the highest mark since February 3, when the coin recovered after swinging as low as $0.22 the day prior.
Bitcoin, the top cryptocurrency by market cap, is up 2% on the day to a current price of $98,440, while Solana itself is up 5% to nearly $204. Ethereum has climbed 4% to a current price of $2,759.
$WIF 🔥WIF token next target is 1$ above. Now this token trade at the price of 0.71$ with a 24-hour trading volume of 196M USDT. If this token again perform well and gain volume then no one can stop to go 1$.
$XRP 🔥If You Invested $1000 in XRP, Dogecoin, and Shiba Inu 1 Year Ago, which Crypto Would Have Made You the Most Money Today?
As many coins reached record levels last year.
1-XRP: A $4,610 Portfolio XRP has risen 361% year-over-year to $2.39. Driven by many important factors, most of this increase occurred in Q4 2024:
The triumph of Donald Trump reflects a pro-crypto mood. Regulatory clarity is expected in SEC litigation battles. Gary Gensler’s leaving the SEC cleared the confusion. Launch of the stablecoin RLUSD by Ripple, extending XRP’s ecosystem. Buzz about an XRP ETF approval generating institutional interest. Your holdings would now be worth around $4,610—a 361% gain—if you had purchased $1,000 in XRP at $0.5187 a year ago. $SHIB 2_Shiba Inu: Today’s $1,000 Investment Would Be Worth $1,650 Year-over-year, Shiba Inu ($SHIB ) has had a 65% rise, currently trading at $0.00001577.
During the Q1 2024 memecoin frenzy, it peaked at $0.00003629, then surged 350% before declining. Token burns and ecosystem expansion helped SHIB retain modest year-over-year returns even if it shed much of its profits. The launch of the TREAT token signals a new phase in Shiba Inu ecosystem development. An investment of $1,000 in SHIB at $0.00000956 a year ago would today be worth $1,650—a 65% increase. $DOGE 3 - Dogecoin: A $1,000 Investment Would Be Worth $3,090 Today Rising 209% over last year, Dogecoin (DOGE) currently trades at $0.2496 as of this report. Dogecoin had two main development phases in 2024:
Rising nearly 200%, Q1 2024 spike brought it to a cycle peak of $0.220255. Q4 post-election frenzy, where it surged 250% to $0.466503. With regular postings and rumors of Dogecoin incorporation into X payments, Elon Musk’s impact stayed a major factor. Led by Musk, the establishment of the Department of Government Efficiency (D.O.G.E) gave DOGE’s plea more credibility. Your holdings would now be $3,090, a 209% increase if you had bought $1,000 in DOGE at $0.0807 a year ago. #BNBRiseContinues #XRPBullishOrBearish? #BNBChainMeme #CryptoLovePoems
$XRP 🔥XRP Price blast today XRP ETF announcement sparks 15% surge in token price and market-wide rally
The cryptocurrency market experienced a major development today, with the announcement of an XRP exchange-traded fund (ETF). This news, first reported by WallStreetBulls on X (formerly Twitter), triggered a sharp 15% rise in XRP’s price, climbing from $0.50 to $0.575 within the first hour of the announcement at 10am EST. Trading volume surged to 2.5 billion XRP during the same period, a 300% increase compared to the previous week’s daily average, indicating strong investor enthusiasm.
The XRP/BTC trading pair also reflected the bullish sentiment, with XRP appreciating 13% against Bitcoin, moving from 0.000015 BTC to 0.000017 BTC. On-chain metrics provided further evidence of heightened activity, showing a 25% increase in active addresses, from 100,000 to 125,000, within the first hour of the announcement. Analysts attributed this surge to the ETF news, which was perceived as a strong signal of regulatory acceptance and long-term potential for XRP.
The market-wide implications of the announcement were significant. The total cryptocurrency market capitalisation rose by 2%, climbing from $1.2 trillion to $1.224 trillion within an hour. Other major cryptocurrencies also benefited from the positive sentiment, with the XRP/USD trading pair on Coinbase seeing a 400% increase in volume, peaking at 1.2 billion XRP during the same timeframe. The XRP/ETH pair registered a 12% gain, further reflecting the bullish momentum across markets.
Technical indicators supported the optimism. XRP’s Relative Strength Index (RSI) spiked from 60 to 75, signalling overbought conditions and the potential for a short-term correction. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover, while Bollinger Bands widened significantly, with the upper band expanding from $0.55 to $0.60, reflecting increased volatility. #CZBroccoliMeme #XRPBullishOrBearish? #PPIShockwave #CryptoLovePoems