Tony Severino, a recognized Chartered Market Technician, has highlighted a compelling technical setup within the XRP price chart, suggesting that the cryptocurrency may be on the verge of a significant rally. He asserts that this potential uptrend could drive XRP’s price to an ambitious $20 target, offering substantial returns for current holders if the pattern plays out as expected. Severino’s analysis is based on XRP’s adherence to the Elliott Wave structure, a well-regarded technical analysis
Key Points XRP rose above $0.80, driven by expectations of regulatory changes at the helm of the US SEC.While analysts predict further gains for the asset, the RSI index suggests a short-term correction could be on the horizon. Turning Into a Top Performer Despite its retreat in the past 24 hours, the cryptocurrency market has been booming since Donald Trump’s victory in the US presidential elections (held on November 5). Initially, Ripple’s XRP lagged behind the other leading assets in terms of
Some investors may find it thrilling to see PEPE reach $1, but when you look at the numbers, it is essentially impossible. Let’s examine why this is the case and put simply what it means. First, let’s discuss market capitalization. A cryptocurrency’s market capitalization is essentially its entire worth, which is determined by multiplying the price of one coin at the moment by the total number of coins in circulation. It would take a market valuation of roughly $420 trillion for PEPE to hit $1.
Altcoin Market Signals Rally with 2016-2017 Cycle Patterns
Altcoin market shows 2016-2017 cycle patterns, signaling a potential rally ahead.Ethereum and Solana lead altcoin momentum with strong fundamentals in DeFi and NFTs.Meme coins Dogecoin and Pepe remain volatile but have strong community support for gains. Altcoins are showing signs of momentum, with analysts predicting gains similar to the 2016-2017 bull run. An analytic chart which highlights old and current market cycles reveals a similar structure, suggesting that altcoins may be on the verge
Bitcoin (BTC), the dominant cryptocurrency, is on a trajectory towards historic peaks following the recent U.S. presidential elections. QCP Capital is optimistic about Bitcoin’s rally, projecting potential price targets between $100,000 and $120,000. However, they caution that market fluctuations and trading behaviors pose essential risks that investors must keep an eye on. What Are the Key Market Risks? QCP Capital has identified critical shifts within the market. The surge in Bitcoin’s price i
Is Bitcoin Set for a Pullback After Reaching All-Time High at $93K?
Bitcoin reached a new all-time high of $93,434, marking its 9th consecutive day of climbing higher.The release of favorable CPI data, showing a modest increase of 0.2%, triggered the rally, with hopes for a rate cut. Bitcoin (BTC) is making headlines again, hitting a new all-time high of $93,434 for the 9th consecutive day of impressive gains. At the time of writing, Bitcoin priced at $89,880, marking a 20% surge in just one week. This latest rally follows a significant boost after the release o
Galaxy Digital’s Mike Novogratz Says Bitcoin Going to $800,000 in 5-10 Years
Galaxy Digital founder and CEO Mike Novogratz has asserted that Bitcoin would hit $800,000 in five to ten years, citing gold’s correlation. In an interview with Bloomberg, Novogratz became the latest to argue that Bitcoin would hit gold’s market cap. He noted that Bitcoin would trade at $800,000 in the next five to ten years, matching gold’s current $16 trillion valuation. Novogratz cited a shift in market interest among the emerging generation. He stated that the next generation of investors ar
Shiba Inu Poised for Breakout Amid Bullish Chart Pattern
Shiba Inu (SHIB) rises over 8%, showing potential for a breakout amid a higher lows pattern.Trading volume declines, signaling cautious interest as SHIB shows potential breakout signs.SHIB community expects a breakout potential as the chart forms a bullish “cup” pattern. Shiba Inu (SHIB) is showing signs of a potential breakout, according to market watchers. The last 24 hours saw an increase of SHIB token price by more than 8% to $0.00002603, making its market capitalization $15.34 billion. Trad
Early SHIB Buyer Sells 100B Tokens – Shiba Inu Price To Hold?
Shiba Inu rally comes alongside a major 100+% jump in Dogecoin (DOGE) and a new all-time high for Bitcoin (BTC), which briefly touched $89,864. As meme coins gain traction, some SHIB whales are beginning to cash in, possibly sensing the current market strength won’t last forever. Despite offloading a portion of their holdings, this whale still holds 2.5 trillion SHIB (around $73 million) – a huge position that keeps them influential in SHIB’s future price moves. “Early $SHIB buyer ‘0xd6b,’ with
Optimism About To Pump According To Experts, Time To Buy?
Crypto market analyst Ali has again highlighted Optimism (OP), an Ethereum scaling layer 2 solution, predicting bullishness on the token. Ali says OP is capturing a set of chart patterns historically associated with a crack of a potential rally. This is something it experienced in previous cycles. In his analysis, he zeroes in on OP’s tendency to form bullish ascending triangles at market bottoms. Once confirmed, can be followed up on what are often significant price advances.
Key Points A crypto trader made $56 million on PNUT amidst the coin’s rising popularity.PNUT’s price rally was triggered mostly by Musk’s support and Binance listing. A crypto trader made impressive gains on PNUT, amidst the rising popularity of the memecoin. On-chain data revealed by Lookonchain shows the trader’s transactions and how he ended up making over $56.6 million from the famous memecoin.
Largest PNUT Holder, Over $56 Million in Gains Lookonchain analyzed the trader’s recent transacti
$GDOG: The Fierce Guardians of Gains, Charging Through the Crypto Chain
With an unstoppable mission, $GDOG aims to lead the pack, promising gains for loyal holders as hype and FOMO take the market by storm. A new powerhouse has arrived on the crypto scene, and it goes by the name of $GDOG—the “Guard Dog” for profit-hungry traders across the blockchain. Already listed on CG,In a display of support that’s catching fire, Litecoin recently tweeted, “If you want to get to me, you’ll need to get past my guard dog,” driving waves of engagement to $GDOG’s community on X. Wi
The overall memecoin industry has shown outstanding growth and performance after Donald Trump had a great victory in the Presidential Elections of the United States.PEPE has witnessed a new all-time high after a significant gain of 75% on the same day after listing on Coinbase, Robinhood as well as Upbit. Coinglass, a crypto futures trading and information platform has reported that PEPE open interest has also increased by 63% and now stands at $316 million. A popular Frog memecoin, Pepe Coin ha
Xiao Feng, CEO of HashKey, a Hong Kong-based cryptocurrency exchange, has suggested that Donald Trump’s recent electoral victory in the U.S. could lead to a major shift in China’s cryptocurrency regulations. Feng believes that Trump’s presidency might prompt China to reconsider its stringent crypto ban, initially enforced in 2021, and adopt a more progressive stance in the digital asset sphere. How Will Trump’s Election Impact Crypto Markets? In the wake of Trump’s electoral success, the America
Fox Business Journalist States What Trump Would Do If Gensler Doesn’t Go Willingly
Now that Donald Trump is the president-elect of the U.S., a central part of his agenda involves the removal of Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC). Trump has promised to replace Gensler as one of his first actions upon re-entering office, a pledge that resonates with a significant portion of the cryptocurrency community. However, achieving this objective may prove complex. Although prominent figures like Ripple CEO Brad Garlinghouse have already s
Dogecoin (DOGE) to Hit $2 and Surpass SOL, BNB: Analyst
Crypto analyst Master Kenobi has suggested that the price of Dogecoin (DOGE) could rise to as much as $2, with its market cap potentially supplanting those of Solana (SOL), Binance Coin (BNB), and even Tether (USDT) to make it the third most valuable cryptocurrency in the market. The assessment comes in the wake of the OG meme coin’s recent performance, where it flipped several established tokens, including XRP and USDC, to become the sixth-largest digital asset by market capitalization. DOGE’s
The Indian authority made a huge breakthrough in what can be said the “biggest crypto heist in the country.” Delhi Police arrested an individual named “SK Masud” in connection with the cyberattack on WazirX. The hack resulted in a Rs 2,000 crore (approx. $235 million) loss in digital assets. This comes in when the founder of WazirX, Nischal Shetty, announced plans to launch a separate decentralized exchange (DEX). He suggested that DEX linked decision is sort of a reply to a major hack. The abou
China to Unban Crypto? HashKey CEO Predicts Shift Amid Global Market Surge
As the U.S. races to establish itself as a global crypto hub, China could face pressure to adapt its policies. If China does relax its crypto ban, the impact on the global crypto market could be substantial, opening new avenues for investment and adoption across Asia. While a complete policy reversal is uncertain, industry leaders like Xiao Feng, CEO and Chairman of Hong Kong-based HashKey crypto exchange believe that a shift in China’s crypto space is increasingly possible, especially as major
Trump Taps Bitcoin Fan Matt Gaetz for Attorney General
In a move that left both allies and opponents reeling, President-elect Donald Trump has tapped pro-crypto Florida Congressman Matt Gaetz to serve as the next Attorney General of the United States. It’s a move that suggests he’s doubling down on his pro-crypto agenda. Known for his staunch advocacy of Bitcoin, Gaetz’s appointment is a clear signal that Trump’s second term will prioritize a pro-crypto agenda, even at the risk of deepening divisions within his own party. Gaetz would “root out the s