Fundamental economic data for the crypto sector this week
Monday:
U.S. federal budget balance
Tuesday:
U.S. producer price index data. Speech by Schmid and Williams from the Fed.
Wednesday:
Year-on-year inflation data in the U.S. Industrial production in the EU. CPI inflation in the UK. Separate speeches from 4 FOMC members.
Thursday:
Month-on-month GDP in the UK. Industrial production, services, and manufacturing in the UK. Trade balance in the EU. Retail sales in the U.S. Weekly unemployment claims in the U.S. Industrial production, retail sales, and unemployment rate in China.
Friday:
Retail sales in the UK. Final CPI inflation in the EU. Industrial production in the U.S. Various data from the real estate sector in the U.S.
The U.S. Senate Banking Committee is preparing for a major shift in its approach to cryptocurrencies with the creation of a subcommittee dedicated to digital assets.
Senator Cynthia Lummis, a well-known advocate for the crypto industry, is set to lead this new panel, joined by other pro-crypto lawmakers such as Senator Bill Hagerty (R-Tenn.) and newly elected Senator Bernie Moreno (R-Ohio). The formation of this subcommittee fulfills the promise made by the incoming new chairman of the Banking Committee, Tim Scott (R-S.C.), who has shown a keen interest in promoting further debate and progress in the field of digital assets.
Change of Direction
Tim Scott's leadership could mark a turning point for the committee. Unlike his predecessor, outgoing Chairman Sherrod Brown (D-Ohio), who was a harsh critic of cryptocurrencies and advocated for stricter regulations, Scott has shown greater willingness to support the industry.
At the Wyoming Blockchain Symposium last August, he mentioned that envisioning an industry-focused subcommittee would help generate more transparency and speed up discussions on the matter.
Analysis: Donald Trump and other big news could boost XRP price
Implications for the Industry
The role of this committee is key, as it oversees decisions on important legislation, including laws related to cryptocurrencies. With leaders like Lummis and Moreno, who have openly expressed their support for digital assets, this change could have significant implications for the future of the industry in the United States.
This new direction underscores the growing influence of cryptocurrency advocates in the national dialogue and in shaping a more favorable regulatory landscape.
Invest your capital wisely, at your own discretion after an analysis.
ADA today is priced at 1.1306 and in the publication it says $0.00001125, before posting nonsense please read carefully.
Crypto Daily™
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Ripple (XRP) and Cardano (ADA) on the Verge of Breakout
It does not appear to be a flash in the pan for Ripple (XRP) or Cardano (ADA), as these ‘dino-coins’ approach breakout levels that can take them to even greater highs.
$XRP price at the descending trendline
Source: TradingView
$XRP (XRP/USDT) is just underneath the descending trendline that tops a series of lower highs. If the $XRP bulls can force the price up through the trendline and there is a confirmation above, stand by for the next stage of this amazing run. Target levels at $2.51, $2.68, and the local high at $2.90 can be achieved if the breakout occurs.
If the price is rejected from the descending trendline, the 0.382 Fibonacci is support at $2.28, and then major support is at $1.96. Bulls will want to avoid the continuing formation of a descending triangle by breaking out soon.
Major horizontal support under the $XRP price
Source: TradingView
The weekly chart for $XRP shows just how important the major horizontal support is, resting on the top of a price surge as far back as April 2021. At the bottom of the chart, the Stochastic RSI is shaping to turn back up. It will need to do so if this breakout and further upside is to occur.
$ADA breaking out right now
Source: TradingView
As can be seen on the 4-hour chart for $ADA (ADA/USDT) above, the struggle to take out the big resistance level at $0.00001125 is happening right now. The descending trendline looks to have been surpassed, and the bulls and bears are in a tussle for the horizontal resistance level.
There is plenty of room for the indicator lines to rise on the Stochastic RSI at the bottom of the chart, bringing upside momentum, so it may be more likely than not that the bulls win this particular battle.
Much to do for $ADA bulls to reverse the downtrend
Source: TradingView
Zooming right out into the weekly time frame, it really does not look promising for $ADA. Even if the bulls succeed in breaking the resistance, they have another major horizontal resistance to get through at $0.00001585. In fact, this particular resistance is the key to reversing the downtrend and it must be conquered.
The weekly Stochastic RSI at the bottom of the chart shows that the indicator lines are crossing back up. This is bullish, and if confirmed, will supply upside momentum. Hopefully for the bulls, this will continue at least as far as the second major resistance.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
they continue sharing unread articles, says it will go down but also says of key levels above 3.5, define whether it goes down or up, we are at lower levels, 2.3.
rush_crypto31
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XRP Holders—Get Ready for Major Market Moves! 🚨 The market is flashing red! XRP has entered a No-Trade Zone for the 3rd time. 📉 This bearish trend with triple tops signals an opportunity for smart decisions. 💡
🌊 The FTX Effect
🔴 $16 Billion in crypto is set to flood the market as FTX begins liquidation in early January. 💥 Expect a sell-off wave to drive prices down fast, followed by intense volatility.
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⚠️ What Could Happen?
Prices tank as creditors sell off.
Savvy traders buy back at lower prices, amplifying their profits.
Classic market manipulation could lure traders into a false rally before a deeper drop.
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✅ Key Action Points:
🔴 Consider selling at key levels: 3.5 and 3.7. 📉 Take profits if you're holding long-term positions. 🐻 Watch for bear traps—don’t fall for false rallies!
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💡 Pro Tips for XRP Traders:
1. 📉 Secure profits now before the sell-off.
2. 🛒 Plan to buy the dip after prices stabilize.
3. 🚨 Stay alert for sudden market swings.
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⚠️ Trade Smart, Stay Safe
This post is for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Always consult a financial advisor before making any moves.
Be strategic, stay informed, and act wisely! $XRP #BitcoinTurns16
I don't know where they teach you to do those calculations, but for me, a 25% does not result in a drop to 0.82.
Audie Coulson KZLH
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XRP to Crash 25%? Van de Poppe’s Bold Prediction Under Fire! 🚨💥
Are we witnessing a crypto giant’s downfall or just another bump in the road? Michael van de Poppe, a prominent crypto analyst, has dropped a bombshell prediction: XRP is headed for a 25% nosedive! But is this forecast based on reality—or simply fearmongering? Let’s dig in. 🔍
🚀 $XRP Meteoric Rise: The Calm Before the Storm?
XRP has been riding high, skyrocketing by 421% in late 2024. From $0.52 in November to a whopping $2.71 by December, the token stunned the market. As of now, XRP sits comfortably at $2.42, with enthusiasts like JackTheRippler already speculating on a new all-time high this month. 📈🔥
But van de Poppe’s analysis paints a grim picture. According to him, XRP is consolidating after its explosive rally, and he sees a revisit to the $0.82 support zone. That’s a jaw-dropping 25% drop from current levels. 🛑 🧠 Van de Poppe’s Logic: Sound or Sensational?
Here’s the crux of his argument:
“Higher timeframes need to retest support zones. This correction would be optimal for re-entry into Ripple.”
While his chart appears compelling, it raises serious questions:
1️⃣ XRP has shattered numerous resistance levels recently. Is a fall to $0.82 even plausible without a market-wide collapse? 🤔
2️⃣ Why is van de Poppe ignoring XRP’s fundamental upgrades and regulatory breakthroughs? Is he stuck in an outdated bear narrative?
🌟 Bullish Case: XRP is Not the Same Coin It Was Years Ago
Van de Poppe’s analysis sidesteps XRP’s recent transformation. Consider these bullish factors:
• 🔥 Explosive Demand: XRP’s trading volume is through the roof, with daily transactions exceeding 1 million. Clearly, this “dinosaur coin” still has fire in its belly. 🦖🔥
• 🌍 Regulatory Wins: XRP has earned approval in Dubai’s financial hub, solidifying its global presence.
• 🚀 SEC Tailwinds: A pro-crypto SEC chair could pave the way for a more favorable regulatory environment. XRP stands to benefit massively.
💣 The Whale Problem: Sell-Off or Smart Moves? Van de Poppe also warns about whales moving large amounts of XRP to exchanges, a typical precursor to selling pressure. But here’s the twist:
Could these transactions be tied to strategic reallocations rather than panic selling? Whales often know something the average investor doesn’t. 🐋💼
🧐 Critical Questions for Investors
Van de Poppe’s prediction isn’t without merit, but it feels overly alarmist given XRP’s recent momentum. Here’s what you should consider: • Short-Term Pain, Long-Term Gain? A pullback could simply set the stage for XRP’s next leg up. 📈
• Is $0.82 Realistic? With its current support levels and market sentiment, a drop that steep seems exaggerated. • Regulatory Clarity: XRP’s regulatory wins are a major tailwind that analysts like van de Poppe often overlook. 🌐
💥 Buy the Dip or Run for the Hills?
If van de Poppe’s doom forecast comes true, XRP could drop to levels not seen in months. But seasoned investors know the drill: Corrections are opportunities. 🚪💸
The final verdict? Don’t just trust the charts. Look at the bigger picture. 🌟 What do YOU think? Is XRP headed for a crash—or a comeback? Sound off in the comments! 💬🔥
what he says is not coherent, if it reaches 3.5 and 3.7 it would not be going down, on the contrary, it is going up, it is a copy of another post I saw yesterday today it is at 2.44
salina-1
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⚠️ $XRP HOLDERS, WARNING: DUMP ZONE AHEAD! 🔥
🔥 $XRP just saw a decent rise to 2.4213 (+7.93%), but beware—the storm is brewing! 🌪️ The XRPUSDT Perp is now trading at 2.3714, but here's why this could be a potential dump zone: 💥 No Trade Zone Alert! XRP is hitting the no-trade zone for the third time, signaling a possible top for a major bearish trend 🐻. 💥 FTX's $16B Crypto Flood Incoming! The massive FTX release of cryptocurrencies this January will add serious downward pressure on $XRP prices. 🚨 💥 Creditors Preparing to Feast! Expect creditors to liquidate their holdings, triggering a sharp price drop before they buy back in to pocket hefty profits. 💸📉 💥 Buy the Dip, Sell the High: If you're eyeing a buy, hold off for the dip! Long positions? Now might be a good time to sell before the downward spiral kicks in. ⚡ 💥 Chart Patterns Favor Bearish Trends: The charts are leaning towards a bearish trend with ideal sell zones around 3.5 and 3.7. 📊 ⚠️ Watch out for the Bear Trap! There’s a risk of a bear trap being set, so brace yourself for intense volatility. 😱 🔴 Stay sharp, stay informed, and always manage your risk! #XRP #CryptoAlert #marketcrash #XRPTrends #Write2Earn
Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), has announced that he will leave his position on January 20, 2025, coinciding with the inauguration of elected president Donald Trump.
Gensler took over as chairman of the SEC on April 17, 2021, following the events related to GameStop, and has led a regulatory agenda focused on improving the efficiency, resilience, and integrity of U.S. capital markets.
During his tenure, the SEC adopted significant reforms in the Treasury and equity markets, including promoting central clearing and reducing the settlement cycle to one day.
Gensler's departure has been well received by sectors of the cryptocurrency industry, which anticipate more favorable regulation under the new administration.
Elected President Trump is expected to appoint a successor with a more open stance toward crypto assets, which could influence the future of financial regulation in the United States.
<t-34/>#BinanceNews $XRP $ETH $XLM Commonly referred to as such because it historically positively affects the last 7 days of the year, which are generally painted green in all stock markets, although there are some years when they are painted red, but they are very few. Does the Santa Rally affect cryptocurrencies?
1. Overall market growth:
During this period, if traditional markets show bullish behavior, there may be a contagion of optimism towards riskier assets, including cryptocurrencies.
It's better to have it for a while longer; by early 2025 it could reach between 3 to 5 dollars.
WilmerR23
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$XRP
I bought it at the current price 2 days ago, hoping it would reach 2.4 to sell. Given the time that has passed and it still hasn't reached, it's not worth it.
Impact on XRP Price Market Sentiment: Some investors interpret the shutdown as a pause in regulatory pressure, leading to an increase in the price of XRP.
Oroborus
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Bullish
🚨LATEST UPDATE: The SEC is preparing for the closure! #XRP You sell! I buy more!
The concept of United States Treasury bonds linked to XRP arises from a strategy implemented by Ripple to back its new stablecoin RLUSD (Ripple Liquidity USD). Here’s how it works:
Backing of Stablecoins like RLUSD
Stablecoins are designed to maintain a stable value, generally pegged to a fiat currency like the US dollar. To ensure this stability, they must be backed by high-quality assets, such as:
1. Cash deposits.
2. Cash equivalents (such as certificates of deposit).
3. United States Treasury bonds.
Treasury bonds are financial instruments issued by the U.S. government, considered very safe because they have the full backing of the federal government. Ripple uses these bonds as part of the reserves that guarantee the value of its stablecoin.
RLUSD and the Role of XRP
Although RLUSD is directly backed by dollars and bonds, it integrates with the Ripple ecosystem, where XRP acts as a bridge token. This means:
Fast transactions: XRP facilitates the conversion between RLUSD and other currencies or cryptocurrencies efficiently.
Global liquidity: The reserves (including Treasury bonds) ensure that RLUSD can be redeemed at any time, fostering trust among users and markets.
Advantages of including Treasury bonds
1. Stability: Treasury bonds are low-risk assets, which adds confidence to the RLUSD stablecoin.
2. Yield: These bonds generate interest, which can help finance the Ripple ecosystem or reduce operational costs.
3. Regulation: Having traditional and secure assets can help Ripple comply with regulations.
Responsibility, Investments in cryptocurrencies carry risks, what is stated here does not mean that it has to increase in price, it is said that forecasts are that XRP may significantly increase its value in 2025 because investors will make XRP scarce by holding it as a valuable asset with interest.
We have already provided biometric data every time we open a new bank account, or when we go to the airport, or in public entities of each country, and even online, for free.
Project mainly driven by the developer of chat gpt (open a.i) criticized for its futuristic and chaotic perspective. Worked with tycoon Elonk Musk who ended up opening other paths and they separated.
What do you think will happen, now they are going to launch a token to promote the #WLD🚀🚀 besides being able to set up our own Iris scan business, is it dangerous? Are they toying with our data? Or is it just another mass control strategy?
Would you sell your Iris for 300$ ? Or a monthly balance?
Meanwhile, the platform continues to update for service payments and other benefits, etc. I don't know but I see it functional in other countries like the Europeans, in LATAM? Haha Place your bets.....💲💲💲📈📈
Ripple has received final approval from the New York Department of Financial Services (NYDFS) to launch its stablecoin #RLUSD ADVANTAGES:
RLUSD presents several advantages over competitors such as USDT (Tether) and USDC (from Circle), especially from a regulatory and technical perspective:
1. Strict Regulatory Compliance
RLUSD has been approved by the New York Department of Financial Services (NYDFS), one of the most rigorous regulatory entities. This provides greater confidence to institutional investors, as it ensures transparency and oversight in its management, something that Tether, in particular, has faced criticism for due to its lack of clear audits and unverified reserves.
2. Secure Financial Backing
RLUSD will be fully backed by deposits in U.S. dollars, short-term Treasury bonds, and other cash equivalents, ensuring stability. This aligns it with USDC but contrasts with USDT, which has faced doubts about the composition of its reserves and its liquidity in times of crisis.
3. Multichain Interoperability
RLUSD operates on both XRP Ledger and Ethereum, allowing for broader use in decentralized applications (DeFi) and offering superior transaction speeds thanks to the efficiency of XRPL. This gives it an advantage over USDC and USDT, which rely more on Ethereum or specific networks with limitations in cost and speed.
4. Transparency and Constant Auditing
Ripple has emphasized that RLUSD will be subject to regular audits and clear reporting, which could be a key differentiator against the historical criticisms towards Tether regarding the opacity in its reserve management.
5. Institutional Strategy
RLUSD is designed to primarily attract institutional players, offering security and compliance that facilitate its adoption in regulated sectors. This allows it to differentiate itself from coins like USDT, which are used more in less regulated cryptocurrency markets.
Technical Analysis $XRP #BitcoinPrediction In the images you shared about the XRP/USDT pair, we can perform a basic technical analysis based on the indicators shown:
1. Exponential Moving Averages (EMA):
EMA(7): Yellow line.
EMA(25): Pink line.
EMA(99): Blue line.
In both images, it seems that the current price is above the EMA(7), EMA(25), and EMA(99), which indicates a bullish trend in this time frame (5 minutes and 4 hours). This suggests that the market may be in a buying phase.
2. Volume:
There is an increase in volume in the recent bullish movements (green bars), which confirms the interest of market participants at these price levels. Volume is a key factor to validate these rises.
3. Japanese Candles:
In the 5-minute time frame (second image), a strong bullish candle is observed crossing above the shorter moving averages (EMA(7) and EMA(25)). This indicates a possible short-term momentum.
In the 4-hour time frame (first image), the trend appears to consolidate after a previous drop.
4. Performance Indicators:
Long-term returns (30 days, 90 days, 180 days) are significantly positive (over 300%), which may indicate strong accumulation in previous periods.
Possible strategies:
Short term (intraday trading): Given that the short moving averages are aligned upwards and the price is above these, entry points could be sought on pullbacks near the EMA(7) or EMA(25).
Long term: The accumulated returns and the crossing of the EMAs support the idea of maintaining a bullish position as long as there are no clear reversal signals.
Responsibility: The cryptocurrency market is very volatile, do not invest more than 10% of your capital due to the associated risk. Wishing you the best of days.
Take advantage of volatility movements to gain quick profits: • Entry at key levels: • If the price breaks above $0.06654 (minor resistance) with high volume, consider entering long (buy). • If the price drops below the support of $0.06202, you can enter short (sell) with a target near $0.06000. • Moving averages: • Use the 7 and 25 EMAs as guides. Buy if the price crosses upward both lines with confirmation of green candles and increasing volume. • Exit if the price crosses back down below the EMAs. • Stop-loss and take profit: • Set a tight stop-loss (for example, 1.5% to 2%) to protect yourself from sharp declines. • Set clear goals: 2%-4% profit on each trade. • Additional confirmations: • Use the RSI (Relative Strength Index) to confirm if the asset is oversold (RSI < 30) or overbought (RSI > 70). This will help you avoid entering extreme movements.
2. Swing Trading Strategy (Medium Term)
Look for larger movements over days or weeks: • Buy at supports: • If the price falls near $0.06202, consider entering if the level holds with rejection candles (long tails downward) and decreasing volume on the declines. • Breaks of resistance: • If the price exceeds $0.07024, it could indicate a trend change. Consider entering long and setting an initial target at $0.075 and then at $0.080. • Stop-loss and take profit: • For swing trading, place the stop-loss below the nearest key support, such as $0.06000. • Take profit starting from 5%-10% of the expected movement. • EMA 25 and 99 as trends: • If the EMA25 crosses upward the EMA99, this can be a solid bullish indicator to hold the position.
Responsibility; we operate in a highly volatile market, which carries its risks, so the recommendation is not to trade with all your capital, trade in small portions.
VeChain is a cryptocurrency associated with a blockchain platform designed to enhance supply chains and business processes.
Key Points for Investing in VET:
1. Focus on Supply Chain
VeChain focuses on solving real problems in the global supply chain. Its technology allows for real-time product tracking, ensuring transparency and reducing fraud. This practical approach sets it apart from other cryptocurrencies that do not have such clear applications.
2. Business Adoption
VeChain is already collaborating with major companies such as Walmart China, BMW, and PwC. These real partnerships reinforce its credibility and the potential for greater adoption in the future.
3. Dual Token Model
It uses a dual token system: VET (for transactions) and VTHO (to pay fees on the network). This enables a stable economy for those using the platform, which is attractive to business partners.
4. Sustainable Technology
VeChain employs a consensus algorithm called Proof of Authority (PoA), which consumes less energy compared to Bitcoin or Ethereum, potentially attracting more attention in an increasingly sustainability-focused world.
5. Attractive Price and Growth Potential
Compared to other high-cap cryptocurrencies, the price of VET is often more accessible, which may represent an opportunity for those seeking high long-term returns.
6. Expansion in Key Sectors
VeChain is expanding into sectors such as healthcare, agriculture, and logistics. Its flexibility and ability to adapt to different industries increase its relevance.
Things to Consider
Volatility: Like all cryptocurrencies, VET is highly volatile. Investing involves risks.
Before investing, it is important to thoroughly research and consider diversifying your portfolio.
Given that XRP/USDT has a current price of $2.24 and has experienced an 11% drop, the price is likely in a volatile range. This makes Grid Trading an interesting strategy to capture recovery movements or short-term fluctuations. Here is a suggested setup to trade with $500:
Setup for XRP/USDT
1. Price Range:
Set a wide range to capture both a possible bounce and new drops:
Minimum: $2.00 (close to psychological support and below the current level).
Maximum: $2.50 (a potential recovery level if the price rises).
2. Number of Grids:
Set up 10 grids to capture small and frequent movements.
This creates orders every $0.05 in the range ($2.00 to $2.50).
3. Amount per Grid:
Divide the $500 among the grids: $500 ÷ 10 = $50 per grid.
4. Execution Mode:
Select a neutral mode to capture upward and downward movements within the established range.
5. Duration of the Grid:
Set a specific trading time, such as 1 week, and monitor the results. If there are significant changes, adjust the range.
Additional Tips
Fees: Use $BNB to reduce Binance fees.
Monitoring: If XRP continues to drop below $2.00, you should adjust the lower range to capture new opportunities.
Volume and liquidity: XRP is highly liquid, which facilitates quick order execution.
Performance If each grid generates an average profit of 0.3%-0.5%, you could achieve between $1.50 and $2.50 per completed grid. In markets with high activity, it can accumulate quickly.
You can trade with USDT/XRP and use BNB solely to pay the fees.
1. Make sure to have BNB in your account: to cover the fees.
2. Go to Account Settings on the Binance platform. Activate the option to Use BNB to pay fees. You reduce the cost per trade (from 0.1% to 0.075%)
A country where the adoption of cryptocurrencies has had a significant impact is Nigeria. This African country leads in global cryptocurrency adoption per capita and has shown how they can transform emerging economies:
Impact factors in Nigeria:
1. Financial inclusion: With a high percentage of the unbanked population, cryptocurrencies have become a tool for millions of Nigerians to access financial services, such as payments, savings, and investment.
2. Cheaper remittances: Nigeria is one of the largest recipients of remittances in the world. Using cryptocurrencies has significantly reduced the costs of international transfers, an advantage over traditional methods.
3. Protection against inflation: The value of the naira (local currency) has experienced significant depreciation. Cryptocurrencies, especially Bitcoin, have served as an alternative to protect citizens' purchasing power.
4. Technological innovation: Nigeria has seen growth in startups and platforms that integrate blockchain, helping the development of its technological ecosystem and attracting foreign investment.
Although cryptocurrencies face regulatory challenges in Nigeria, their impact has been an example of the transformative potential of this technology in countries with emerging economies.
$XRP $1000SATS $VET Ripple has strengthened its strategic partnerships in Asia to expand the adoption of its technology, highlighting collaborations in Japan and other regions. Some recent initiatives include:
1. Collaboration with HashKey DX in Japan: Ripple and HashKey DX, together with SBI Ripple Asia, are introducing XRP Ledger (XRPL)-based enterprise solutions in Japan. This effort is initially focused on supply chain finance solutions, replicating the success HashKey Group has had in China, where it has connected thousands of businesses and banks with trade volumes exceeding $7 billion.
2. RippleNet Expansion with Tranglo in Asia-Pacific: Ripple has also advanced its partnership with Tranglo, using the On-Demand Liquidity (ODL) service for instant cross-border payments. This service, which uses XRP as a bridge currency, has been implemented in key markets such as the Philippines and plans to expand to more payment corridors in the region.
These initiatives reflect Ripple's focus on addressing issues such as fragmentation of payment systems in Asia and offering scalable, fast and low-cost solutions. If you would like more details on these collaborations, I can provide them or redirect you to additional sources.